EUR/GBP — News Archive

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Sterling Tanks After BoE Talks About Negative Interest Rates

The Great Britain pound sank today, overtaking the New Zealand dollar as the weakest currency on the Forex market during Thursday’s trading. The sterling dropped after the monetary policy announcement from the Bank of England. While the central bank kept its policy unchanged, the wording of the statement led to the drop of the currency.

Euro Firm on Positive Market Sentiment & Good Data, Can Face Troubles in Future

The euro was firm today, rising against most of its rivals, though posting losses versus the Great Britain pound and the New Zealand dollar. Yet not all fundamentals were positive to the currency, and it may face troubles extending rally for the rest of the week.

Euro Firm After Mixed Data, Comments from ECB Board Member

The euro rose today. In fact, the shared 19-nation currency was one of the strongest currencies during Monday’s trading session despite mixed domestic macroeconomic data released during Monday’s trading. Positive comments made in the interview with a European Central Bank board member were supportive of the currency.

Sterling Gets Help from Strong Rebound in Services, Rally of Stocks

The Great Britain pound demonstrated a decent performance during Wednesday’s trading session, even though it was not among the strongest currencies on the Forex market. The sterling got support from the strong rebound of the UK service industry as well as a rally of British stocks.

Sterling Soft on Brexit Fears, Government Spending Plans

The Great Britain pound was extremely weak today, falling against all other most-traded currencies with the exception of safer ones, like the Japanese yen and Swiss franc (but not the US dollar, which outperformed the sterling). According to market analysts, the main reasons for the drop were Brexit fears and concerns about government spending plans.

Euro Strengthens As ECB Expands Stimulus Program to $1.5 Trillion

The euro is strengthening against its currency rivals on Thursday after the central bank expanded its pandemic bond-buying initiative by several hundred billion dollars. Policymakers are trying to throw everything at the bearish regional economy to help stop the bleeding and prevent the eurozone from slipping deeper into a recession. Will this be enough to reverse the eurozone market’s downward trend?

Euro Surges on Massive Stimulus Package to Support Economy

The euro is surging midweek after the European Union announced a monumental €750 billion ($826.5 billion) to support the eurozone economy. The region faces the worst financial crisis since the 1930s, which comes as many trade bloc members already faced anemic growth before the pandemic.

Great Britain Pound Gains on Majors, Falls vs. Commodity Currencies

The Great Britain pound gained on its major rivals but fell versus commodity currencies amid risk appetite prevailing during today’s trading session. News from the United Kingdom itself was relatively good as well, with retail sales improving slightly and the central bank refraining from promising negative interest rates.

British Pound Mixed on Sliding Inflation, First-Ever Negative-Yielding Bond

The British pound is trading mixed against its G10 currency competitors midweek as investors comb through the influx of April inflation data. For the first time in the nation’s history, the United Kingdom sold a negative-yielding bond, meaning that the government is being paid to borrow. In the post-Coronavirus economy, this might be the new norm for a myriad of nations around the world.

Euro Among Weakest After Dire Macroeconomic Data

The euro was among the weakest currencies on the Forex market today after the release of a bunch of extremely poor macroeconomic reports and a very pessimistic economic forecast. While the currency has trimmed its losses by now, it is still trading lower against the vast majority of the most-traded currencies. The one exception was the Great Britain pound, which was even weaker than the euro.

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