EUR/GBP — News Archive


Pound Slides as Theresa May Faces Fresh Challenges to Leadership

The Great Britain pound fell today, losing 100 pips against the US dollar intraday. The sterling’s performance against other majors was no better. The main reason for the drop was political turmoil in Britain.

British Pound Gives up Early Gains as Political Troubles Linger

The British pound gave up some of its early gains against the US dollar and the euro on Thursday as investors remained concerned about the political stability of the British cabinet. Economic data in the United Kingdom added to the pressure on the British currency as home prices rose less than what analysts had previously expected.

Euro Steadies at Lowest Level in 10 Days in Wake of Mixed Services Sector Data

The euro traded within a tight range against the US dollar on Monday, following a mixed picture that was painted by new readings for the services sector within major European economies. A lack of major economic releases in the United States today left traders anticipating additional information on the Republican tax reform plan, which kept the dollar little changed since Friday.

Pound Ignores Carney’s Pessimistic Comments

The Great Britain pound rose today even though Bank of England Governor Mark Carney made pessimistic comments about the future of the UK economy on Sunday.

Britain’s Services Sector Shows Strong Growth, Pound Halts Slump

The Great Britain pound was stable today following yesterday’s steep sell-off. The currency got some support from the solid performance of Britain’s services sector.

Pound Crashes After Dovish Hike by BoE

The Bank of England hiked its main interest rate for the first time in a decade as was widely expected, but markets considered the hike to be a dovish one. The Great Britain pound crashed as a result, falling more than 1% against its most-traded peers.

British Pound Erases Early Gains Despite Highest Manufacturing Activity in Two Months

The British pound erased earlier gains against the US dollar and other major peers on Wednesday, despite the best reading for manufacturing activity since September. A separate report on housing prices in the United Kingdom revealed a healthy increase, however, the British currency failed to maintain its gains.

Euro Rises vs. Dollar, Vulnerable vs. Other Majors

The euro rose against the weak US dollar, but traded flat-to-lower versus most other major currencies on Monday. Among factors influencing the currency were new developments in the Catalan situation and disappointing inflation data.

Euro Ends Week Among Losers After ECB, Political Upheaval

The euro ended the week among the weakest currencies due to the dovish stance of the European Central Bank and the political crisis in Spain.

Pound Falls as Optimism Caused by Strong GDP Growth Fades

The Great Britain pound fell against its major rivals (though not against the extremely weak euro) as optimism caused by yesterday’s better-than-expected economic data was replaced by caution ahead of the central bank’s meeting.