EUR/GBP — News Archive

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Euro Strong After German Business Climate Jumps Sharply

The euro was strong against most other currencies today except for the top performers — the Australian and New Zealand dollars. Macroeconomic data released in the eurozone today was good but it does not seem to be the major reason for the currency’s decent performance.

Euro Gains as GDP & ZEW Economic Sentiment Beat Expectations

The euro rose today on the back of better-than-expected macroeconomic releases in the eurozone. The shared 19-nation currency gained against all of its most-traded rivals, except for the New Zealand dollar, which was extremely strong during Tuesday’s trading.

Euro Falls amid Slow Vaccine Rollout, Declining Industrial Production

The euro fell against the majority of most-traded currencies today, though managed to keep its previous gains versus the US dollar and extend the rally against the Japanese yen. Market analysts named two most likely reasons for the euro’s weakness: a slow vaccine rollout and a bigger-than-expected contraction of industrial production.

Great Britain Pound Gains on Lockdown Exit Hopes

The Great Britain pound rallied today, gaining against all other most-traded currencies. The main driver for the sterling’s gains was hope that Britain will exit the lockdown sooner rather than later. Domestic macroeconomic data was also helpful to the currency.

Euro Rises After Update to Economic Outlook

The euro was strong today, rising against its major peers, after the release of the economic outlook for the eurozone and the European Union as well as economic data in Germany.

Pound Weak Despite Positive Revision to UK Services PMI

The Great Britain pound was one of the weakest currencies on the Forex market during Wednesday’s trading despite the positive revision to Britain’s services PMI. Markets now focus on Thursday’s monetary policy announcement from the Bank of England.

Great Britain Pound Mixed After Economic Data, Vaccine Export News

The Great Britain pound was mixed on Monday, rising against some peers and falling versus others. The majority of macroeconomic reports released in Britain during the trading session beat expectations. Also supporting the sterling was the news that the European Union will not restrict vaccine exports to the United Kingdom.

Euro Heads to End Friday Strongest

The euro has been heading to end Friday as the strongest currency on the Forex market despite the worsening market sentiment. The currency ignored the PMI data from Markit, which showed slowing growth of the manufacturing industry and accelerating decline of the services industry.

Pound Firms as BoE Members Comment on Negative Interest Rates

The Great Britain pound rallied today, trading as the strongest major currency on the Forex market. Analysts explained the rally by comments from central bank’s officials regarding the outlook for negative interest rates.

Great Britain Pound Ends Friday Strong

The Great Britain pound was one of the strongest major currencies on Friday despite plenty of negative fundamentals that were weighing on the currency. Over the week, though, the sterling kept losses versus most of its major peers.

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