EUR/GBP — News Archive

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Sterling Trims Gains As May Denies Plans to Stay in Customs Union

The Great Britain pound rallied today amid reports that the United Kingdom seeks to remain in the customs union after it leaves the European Union. The currency retreated a bit after Britain’s Prime Minister Theresa May denied such plans, though the sterling remained firmly above the opening level.

Pound Loses Gains Caused by Surprisingly Good Construction PMI

The Great Britain pound was lifted intraday by a surprisingly good report about the construction sector. By now, though, the currency has trimmed its gains, losing them outright against some rivals, like the US dollar and the Japanese yen.

Euro Weak After Bunch of Soft Data from Eurozone

The euro was weak today following macroeconomic releases during the Monday’s trading session. Not all of the reports were bad, but markets paid more attention to the negative part of the data.

Pound Plunges as Economic Growth Slows Beyond Expectations

The Great Britain pound took a beating today as the vast majority of macroeconomic reports released over the Friday’s trading session were very disappointing. Markets primarily focused on the slowing economic growth, though other indicators were not impressive either.

Euro Slips as ZEW Economic Sentiment Declines Sharply

The euro fell against most its major rivals (though not against the weak Great Britain pound) on Tuesday as the ZEW Economic Sentiment for Germany was rather disappointing.

Sterling Shows Resilience in Face of Poor Data from Britain

The Great Britain pound rallied today against some of its major rivals, though not against the euro, even as macroeconomic data released in the United Kingdom over the trading session was rather poor.

Euro Drops Against US Dollar on Mixed Eurozone Manufacturing PMIs

The euro today declined against the US dollar following the release of mixed manufacturing PMI data from across the euro area. The euro’s decline was further accelerated by renewed demand for the US dollar fueled by the risk-on investor sentiment.

Pound Pares Gains Caused by Better-Than-Expected Manufacturing PMI

The Great Britain pound gained today, propelled higher by a better-than-expected manufacturing report, but has lost most of its gains by now.

Pound Jumps on Interest Rate Hike Outlook

The Great Britain pound rallied today on the outlook for an interest rate hike from the Bank of England in May. Negative domestic macroeconomic data did not hurt the currency much.

Pound Climbs on Reports About Brexit Transition Deal

The Great Britain pound jumped today against its most-traded peers on news that the United Kingdom and the European Union have reached a transition deal that would keep trade between the UK and the EU.

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