EUR/GBP — News Archive

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Britain’s Pound Shows No Clear Trend After Positive Services PMI

The Great Britain pound was mixed today even though the services sector Purchasing Managers’ index was good. The currency gained on such majors like the US dollar and the Japanese yen, but fell against the Swiss franc and the euro.

Sterling Eases Losses amid Clashing Fundamentals

The Great Britain pound was soft today, though the currency has trimmed its losses against some of its rivals by now and even erased them almost completely against others, including the euro and the Japanese yen. Confusing fundamentals did not make it easy for the sterling to establish a trend as relatively positive macroeconomic data clashed with Brexit fears.

EUR/USD Dips Drastically as ECB Maintains Interest Rates and QE Program

The EUR/USD currency pair today declined significantly during Mario Draghi‘s speech as the European Central Bank maintained interest rates at the same level. The currency pair dipped as the US dollar strengthened against the single currency due to higher US bond yields.

Great Britain Pound Strong After Election Announcement

The Great Britain pound was the strongest major currency this week as UK Prime Minister Theresa May surprised markets, announcing a snap general election.

Pound Soars After Theresa May Shocks Markets with Election Announcement

The Great Britain pound jumped today after Britain’s Prime Minister Theresa May made a surprise announcement that general elections will happen in June.

Euro Gains Slightly Against the US Dollar on Weak US CPI Data

The Euro today gained slightly against the US dollar after the release of weak US consumer price index report for the month of March. The Euro was stronger than the greenback during today’s session despite the subdued trading activity as most markets were closed due to the Easter holiday season.

Britain’s Pound Steady During Holiday Trading

The Great Britain pound was little changed during the slow holiday trading after falling against the dollar and rising versus the euro yesterday.

Sterling Flat as Employment Data Doesn’t Help in Establishing Trend

The Great Britain pound traded basically flat today after the release of employment data. The report was mixed, giving the currency no help in finding a direction to move.

Euro Drops Despite Improving Economic Sentiment

The euro dropped against its major peers (with the exception of the US dollar) today even though the economic sentiment indicators for Germany and the whole eurozone improved.

Great Britain Pound Little-Changed During Quiet Tuesday’s Trading

The Great Britain pound was steady on Tuesday, the same as some other currencies (like the Australian dollar). Britain’s economic reports were mixed, giving the currency no reason to go one way or the other.

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