EUR/GBP — News Archive

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Pound Logs Weekly Losses as Brexit Threat Rises

The Great Britain pound weakened against its major rivals during the past trading week as fears of the Brexit reemerged. The weakness spilled over to the euro, which would also suffer in case the United Kingdom exits the European Union.

Improved UK Trade Deficit Doesn’t Help Sterling Much

Even though the UK trade deficit improved for April, sterling isn’t seeing a huge improvement against some of its major counterparts. While the UK pound is gaining ground against the euro, it is faltering against the dollar and the yen. Right now, everything is about the upcoming EU membership referendum and economic data is getting lost in the shuffle.

Euro Drops on Warnings of Long-Term Economic Damage

Euro is dropping today, losing ground against most of its major counterparts as ECB President Mario Draghi warns that recent years might have taken a long-term toll on the economic condition of the 19-nation currency bloc.

UK Pound Higher as Wild Swings Accompany Brexit Speculation

UK pound is swinging wildly today, partly due to a suspected fat-finger trade, and partly due to the speculation accompanying the possibility of a Brexit from the European Union. There is a lot of uncertainty right now, and sterling has been moving between gains and losses the last couple of days.

Euro Clings to Recent Gains as German Factory Orders Slip

Euro is clinging to some of its gains from the end of last week, even after the latest news on German factory orders. Even though the 19-nation currency seems to be holding on for now, there are some downside risks that could impact the euro in the coming days.

Euro Struggles After Draghi Statement

Once again the ECB has left things the same, keeping interest rates the same while at the same time staying away from adding more stimulus. Even though the euro briefly touched a recent high against the dollar, the 19-nation currency is now heading lower, thanks in part to concerns about the economy.

Renewed Brexit Fears Send UK Pound Lower

UK pound is crashing as renewed fears of a Brexit from the European Union surface. Positive economic data is being ignored as Forex traders evaluate what would happen if the United Kingdom left the European Union.

Economic Confidence Reading Gives Euro a Boost

Euro is getting a big of a boost today, thanks to an improved economic confidence reading. Stimulus appears to be working to some degree, and many expect the ECB to keep its rates unchanged at the policy meeting later this week.

Euro Rises During Thursday’s Trading, Still Heads to Weekly Loss

The euro rose today, extending its rally against the US dollar for the second day. Nevertheless, the currency was heading to a weekly loss against most of its major peers.

Pound Falls vs. Rivals, Remains Steady vs. Dollar

The Great Britain pound fell against some of its major rivals, including the euro, but was steady against the US dollar during the current trading session. Economic data released from the United Kingdom today was not particularly supportive to the currency.

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