EUR/GBP — News Archive

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Euro Rallies a Bit as Gold Gains Ground

Euro is rallying today, following on the heels of a choppy couple of weeks. Last week the euro didn’t perform quite as well as expected, considering the data released about the eurozone, but at the start of this week the 19-nation currency seems to be making up for it.

Focus on Brexit Overshadows UK Economy

The UK pound is turning lower against the dollar today, although it is still holding out against the euro. While there has been some good economic data, there are still concerns about a possible exit from the European Union.

Eurozone Confidence Drops, But Euro Remains Higher Against Dollar

The latest economic confidence data out of the eurozone shows a drop from December to January. Even though this news is bolstering the case for stimulus, the euro is higher against the dollar.

UK GDP Growth in Line with Expectations, Pound Higher

The Great Britain pound gained today following the release of a GDP report that showed stable growth of the UK economy. The currency backed off from its session highs as of now but remains safely above the opening level.

Week Ends with Losses for Euro vs. Most Currencies

The euro fell against the majority of most-traded currencies during this week as the European Central Bank hinted at a strong possibility of another round of monetary easing next month. There were few currencies that were even weaker than the euro, the Japanese yen and the Swiss franc among them.

Q3 Eurozone Debt Report Doesn’t Help Euro in Forex Trading

The latest numbers out of the eurozone, showing a reduction in government debt during Quarter 3 of 2015 aren’t helping the euro in Forex trading against its major counterparts. Euro is down against the dollar and the pound today, as well as losing ground against other currencies.

Draghi Statement Sends Euro Lower Against Majors

It’s been an interesting week in the financial markets, and now the ECB is adding its bit. The latest statement from Mario Draghi is sending the euro lower against its major counterparts as Forex traders get ready for more easing.

Euro Turns Lower Ahead of Next ECB Meeting

Euro has turned lower today, ahead of the next ECB meeting taking place tomorrow. Even though eurozone inflation is higher, it isn’t meeting expectations, and there is some speculation that policymakers will have to make up for the disappointing showing in December.

Pound Mixed After UK Employment Data

The Great Britain pound was flat versus the US dollar and the euro while falling versus the Japanese yen today following the release of mixed employment data from the United Kingdom.

Euro Mostly Lower on Bank Concerns

Euro is mostly lower today, thanks in part to concerns about various banks and the possibility of more stimulus. All eyes are on the ECB to see what the next move might be.

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