EUR/GBP — News Archive

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Euro Pulls Back as Economic Slowdown is Expected

Economist and analysts expect the eurozone economy to slow its rate of growth through the end of 2016, and that is weighing on the euro today. The 19-nation currency is struggling against some of its counterparts.

Sterling Sees Advantage in Currency Trading

UK pound is seeing an advantage today, heading higher against its major counterparts. For the most part, however, gains by the sterling are more about other currencies’ weaknesses than the pound’s strength. There is still plenty of uncertainty to go around with regard to the UK pound.

Euro Trades Mixed as More Greek Discussion Gets Under Way

More discussions about what to do about Greek debt are getting underway, and that is impacting the euro today. The 19-nation currency is trading mixed today, heading lower against the pound and the dollar, but gaining ground against currencies like the yen.

Pound Soft vs. Dollar After Another Disappointing Report

Great Britain’s economic data provided yet another disappointing reading, this time for the services sector, making the pound fall against the US dollar today. The sterling fared better against other majors, actually rising against the euro.

Euro Hits the $1.15 Level Against the Dollar

Euro continues to show strength, even though many analysts thought it would be much lower by now. Much of the current strength is likely coming from the fact that the United States probably won’t raise interest rates in the near future.

Euro Maintains Strength in Forex Trading

The euro continues to show strength in currency trading on the FX market, even though stimulus is in effect, and there could be more stimulus on the way for the eurozone. Signs that stimulus efforts are having an impact are providing support for the 19-nation currency, as is the fact that the Federal Reserve has yet to truly commit to policy divergence and raise rates again.

Euro Fails to Rally as European Central Bank Remains Dovish

The euro was attempting to rally today but failed and went back down after the monetary policy meeting of the European Central Bank showed that the bank’s outlook remained dovish.

Pound Falls vs. Dollar, Holds Ground vs. Other Majors

The Great Britain pound fell against the US dollar today after the release of worse-than-expected employment data. The fall was limited, though, and the currency managed to hold its ground against other majors, like the euro and the Japanese yen.

Euro Struggles Even After ZEW Data

Euro is struggling today, turning mostly lower, as concerns about Greece once again come into focus. Worries about Greece coming to an agreement with creditors are weighing on the euro, which hasn’t seen much benefit from recent ZEW data.

Euro Finds Support in Forex Trading

Euro is finding support today, heading higher in Forex trading against many of its major counterparts. Euro is gaining ground as Brexit worries weigh on the sterling, and as a possible agreement with Greece helps optimism.

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