EUR/GBP — News Archive

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Euro Climbs as ECB Remains Passive but Struggles to Keep Gains

The euro climbed against its major rivals after the European Central Bank decided to maintain its monetary policy, leaving it without changes. Currently, the euro trimmed its gains versus the Great Britain pound and almost lost them against the US dollar but remained firm versus the Japanese yen.

Eurozone GDP Keeps Euro Rangebound Against Majors

Euro is trading mostly rangebound against its major counterparts today, thanks in large part to a GDP reading that didn’t surprise anyone. It’s not quite enough to make solid gains against the dollar and the yen, but bad news in the United Kingdom has the euro higher than the pound.

Housing Market Helps UK Pound Today

A rebounding housing market is helping the UK pound today. Sterling is higher against some of its major counterparts, even though the long-term expectations are for a downside, due to continued Brexit concerns.

Euro Mostly Stuck in Forex Trading

Euro is mostly stuck today, trading rangebound. Euro is mainly lower against its counterparts in Forex trading, although there are some small gains against some of the euro’s trading partners. For the most part, euro’s performance is in wait and see mode as traders await the next round of US data and the ECB interest rate decision next week.

UK Pound Continues to Struggle on Brexit Fallout

Even though the UK economy hasn’t seen dramatically weak results since the Brexit vote, there are expectations that things could change in the coming months and years leading up to the actual “divorce” from the eurozone. Right now, comments from an economist are weighing on the sterling.

Euro Higher vs. Dollar as German Consumer Climate Improves

The euro rose against the US dollar for the second day but edged down versus the Great Britain pound today after the positive economic news from Germany.

Euro Mixed After Release of PMIs

The euro rose against the US dollar but fell versus the relatively strong Great Britain pound following the release of Purchasing Managers’ Indexes from the eurozone.

Euro Slightly Lower as Forex Traders Wait for Data

Euro is slightly lower against most of its major counterparts this morning, dropping a little bit as Forex traders consolidate positions and wait for tomorrow’s data releases.

Pound Ends Friday with Losses

The Great Britain pound ended Friday with losses amid speculations that the United Kingdom may start the process of leaving the European Union in the first half of 2017, ahead of the important elections in Germany and France.

Pound Rises with Strong Retail Sales

The Great Britain pound gained today with the help of surprisingly strong retail sales. It was just another evidence that the Brexit had no impact on Britain’s economy, at least not yet.

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