EUR/GBP — News Archive


Euro Goes Down as Economic Data Fails to Meet Expectations

The euro fell against the US dollar today as virtually all economic reports released from the eurozone over the trading session failed to meet market expectations. The shared 19-nation currency also fell against the Swiss franc but fared better versus the Great Britain pound and the Japanese yen.

British Pound Declines as UK Inflation Disappoints Expectations

The British pound fell against the US dollar and the euro on Monday, after fresh data for inflation in the United Kingdom showed that it remained below estimates.

British Pound Rebounds Ahead of Expected Positive CPI Data

The British pound traded higher against its main counterparts today as markets expected positive consumer price index data from the UK tomorrow. The British pound strengthened against its main peers despite the lack of any news events in the UK today, notwithstanding the passing of the Article 50 bill in the House of Commons on last week.

EUR/USD Remains Bearish Backed by Political Uncertainties

The EUR/USD currency pair exhibited a bearish trend today given the uncertain political environment in Europe and a weaker US dollar. The currency pair changed insignificantly after the US Department of Labor reported that the number of jobless claims had massively declined and beat expectations.

European Assets Look Too Risky, Euro Suffers

The euro fell against the majority of its most-traded counterparts as looming elections in several European countries and concerns about Greece’s debt made investors think that it is too risky to invest into European assets.

EUR Trims Decline vs. USD & GBP, Keeps Losses vs. JPY & CHF

The euro fell against the US dollar and the Great Britain pound on Monday but has trimmed its losses by now. The currency fared worse versus the Swiss franc and the Japanese yen, keeping its big losses.

British Pound Falls on Weak UK PMI Reading for Service Sector

The British pound dropped against the dollar and the euro on Friday, to extend its yesterday’s loss after a new reading for the purchasing managers’ index in the UK service sector revealed weak growth. The pound had declined yesterday after the Bank of England kept interest rates unchanged.

GBP/USD Drops After BoE’s Dovish Comments and Neutral Outlook on UK Inflation

The GBP/USD currency pair dropped significantly during today’s session after the announcement by the Bank of England that its inflation outlook and interest rates remains the same. The currency pair started the day’s session trading sideways, but went on to lose most of its gains from the previous session as the BoE’s announcement triggered a selling frenzy around the British pound.

Euro Soars After Comments from Trump Trade Advisor

The euro gained today on its major counterparts today, soaring 1% against the US dollar, after comments from Peter Navarro, head of US President’s new National Trade Council.

British Pound Drops Ahead of Parliament’s Debate of Article 50

The British pound declined against the euro, US dollar, and other major peers on Tuesday, as Parliament prepared to begin discussing the government’s triggering of Article 50. The debate, which decides the future of the United Kingdom departure of the European Union, is keeping investors away from the British currency.