EUR/GBP — News Archive

    Archives

Sterling Volatile amid Brexit Uncertainty, Disappointing Data

The Great Britain pound was extremely volatile today, sinking intraday but bouncing later. Currently, the sterling is trading above the opening level. The main reason for the currency’s volatile moves was uncertainty over the Brexit, though today’s mostly underwhelming macroeconomic data also had its negative impact on the pound.

Great Britain Pound Has Muted Reaction to Court Ruling

The Great Britain pound opened sharply lower today, though by now the currency has trimmed losses against most of its rivals. The main negative factor for the sterling remains the Brexit drama, though Monday’s macroeconomic data was also unfavorable to the currency.

Euro Softer After Slew of Macroeconomic Reports

The euro fell against the US dollar as well as some other major currencies after the release of a slew of macroeconomic reports in Europe today. Market experts attributed the euro’s decline to the weaker-than-expected inflation data. Unemployment reports, on the other hand, were surprisingly good.

Sterling Strong Despite Poor Macroeconomic Data

The Great Britain pound was rather strong today. That is surprising considering that domestic macroeconomic reports were unhelpful, demonstrating the weakness of the British economy. The Brexit also continued to weigh on the currency, though today there was no major news about it.

Pound Soft Despite Improving RICS House Price Balance

The Great Britain pound traded either flat or lower against its most-traded rivals today. Housing data released overnight showed a slight improvement in the market, but it provided little support to the currency.

Euro Stable Despite Poor Eurozone Data, ECB Policy Outlook

The euro fell a bit versus some rivals but was about flat versus most of them on Tuesday. That was a surprisingly good performance considering that eurozone macroeconomic data released during Tuesday’s session was universally bad. The monetary policy outlook was also negative for the currency.

Pound Gets Support from Britain’s Employment Data, Gains Limited by Brexit Concerns

The Great Britain pound rose against some currencies and traded about flat versus others today. British employment data provided support to the currency, but traders were reluctant to buy the sterling as the situation with the Brexit was very unclear.

Great Britain Pound Climbs After Vote in House of Commons

The Great Britain pound jumped today after the latest developments in British politics reduced chances for a no-deal Brexit. That was a huge relief for investors as cutting trading ties with the European Union will likely have a tremendous negative impact on Britain’s economy.

Pound Down on Economic Data & UK Politics, Attempts to Rebound

The Great Britain pound crashed today as the combination of negative macroeconomic indicators and continuing political turmoil in the United Kingdom was dragging the currency down. Currently, though, the sterling has managed to bounce, trimming its losses versus most rivals and even gaining on the very weak euro (though currently it is trading about flat versus the shared eurozone currency).

Pound Dragged Down by Manufacturing Data, Brexit Headlines

The Great Britain pound slumped on Monday, dragged down by the mix of surprisingly poor manufacturing data and yet more Brexit headlines that suggested the United Kingdom is likely to leave the European Union without a trade deal.

Navigation

Menu