EUR/GBP — News Archive

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Euro Gains Despite Discouraging News

The euro rallied against its major peers on Monday and retained its gains at the start of Tuesday’s trading even though news from the European Union was not especially encouraging.

Euro Holds Onto Gains Even with Uncertainty in Spain

The euro is holding on to some of its recent gains today, even with uncertainty over what’s happening in Spain. However, the euro’s gains might be short-lived, as the fate of economic reforms in Spain are in doubt, and as the US dollar is expected to gain ground in the coming year.

Euro Struggles Against Major Currencies as Traders Assess

Euro is struggling today against major currencies, but not as much as many thought it would be. Even though the Fed’s rate hike yesterday weighed on the 19-nation currency, it’s not the rout many expected.

Sterling Down as Wage Inflation Falls

The Great Britain pound fell today after the employment report showed that wage inflation decreased, giving Britain’s central bank little incentive to start raising interest rates. There were good news in the report as well, but it hardly affected the sterling.

GBP Weaker vs. USD, Flat vs. JPY & EUR

The Great Britain pound fell against the US dollar today due to the policy divergence between the central banks of the United States and Great Britain. Tuesday’s data from the United Kingdom was positive enough to allow the sterling to hold ground versus the Japanese yen and the euro.

Pound Rebounds vs. Dollar, Falls vs. Other Major Rivals

The Great Britain pound bounced against the US dollar after yesterday’s drop. The currency declined against other major rivals, including the euro, as the monetary policy decision of Britain’s central bank continued to weigh on the sterling.

Euro Continues to Gain Steam

Euro continues to gain ground today, heading higher against other major currencies. Euro is improving, and some forecasters have revised their expectations for next year’s performance.

Euro Pulls Back and Consolidates After Recent Gains

Euro is pulling back a bit today, consolidating after recent gains. The 19-nation currency has been seeing better performance since last week’s policy announcement from the ECB, and today it appears that it’s time for a bit of a break.

UK Pound Gets Boost on Forecasts

UK pound is mostly higher today, getting some help from better performances by commodities, as well as improved forecasts for next year.

Euro Down vs. Dollar & Yen, Up vs. Sterling

The euro fell against the US dollar and the Japanese yen today but gained versus the Great Britain pound. Forex traders continued to digest events of the previous week and speculate about the future of the currency.

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