EUR/GBP — News Archive


Euro Trades Higher After Markit Releases PMIs

The euro was trading higher against its most-traded peers today after Markit released a bunch of Purchasing Managers’ Indexes for the major countries of the eurozone as well as for the whole region.

Pound Drops, Heads to Weekly Losses

The Great Britain pound fell today, heading to the worst week in five. Apparently, Brexit fears have returned to the market, driving speculators away from the currency.

Pound Somewhat Soft After BoE Policy Announcement

The Great Britain pound fell today (though the drop was limited) after the Bank of England left its monetary policy unchanged but signaled that additional stimulus remains a possibility.

Euro Unfazed by Economic Sentiment

The economic sentiment indexes for Germany and the whole eurozone failed to meet economists’ expectations. Despite that, the euro held steady against some of its most-traded rivals (like the US dollar) and even managed to gain on others (like the Great Britain pound).

UK Pound Hangs on to Recent Gains

UK pound is holding on to recent gains, hoping to see a better performance going forward. However, there are factors that could lead to more weakness. For now, though, the sterling seems to be weathering the Brexit reasonably well.

Euro Ends Week Higher vs. Dollar & Pound

One of the most important events during the trading week was the monetary policy meeting of the European Central Bank. It turned out to be relatively positive for the euro, allowing the currency to rally against the US dollar and the Great Britain pound, though the euro did not perform well against all rivals.

Great Britain Pound Steady

The Great Britain pound was steady today following the release of economic indicators over the Friday’s trading session.

Euro Climbs as ECB Remains Passive but Struggles to Keep Gains

The euro climbed against its major rivals after the European Central Bank decided to maintain its monetary policy, leaving it without changes. Currently, the euro trimmed its gains versus the Great Britain pound and almost lost them against the US dollar but remained firm versus the Japanese yen.

Eurozone GDP Keeps Euro Rangebound Against Majors

Euro is trading mostly rangebound against its major counterparts today, thanks in large part to a GDP reading that didn’t surprise anyone. It’s not quite enough to make solid gains against the dollar and the yen, but bad news in the United Kingdom has the euro higher than the pound.

Housing Market Helps UK Pound Today

A rebounding housing market is helping the UK pound today. Sterling is higher against some of its major counterparts, even though the long-term expectations are for a downside, due to continued Brexit concerns.