EUR/GBP — News Archive

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UK GDP Surprises to Upside, Pound Climbs

The Great Britain pound climbed today following the report that showed that Britain’s economy grew last quarter faster than economists had expected, solidifying the case for an interest rate hike.

Euro Moves Higher Against US Dollar as German Manufacturing Strengthens

The euro moved marginally higher against the US dollar on Tuesday as investors digested the latest reports on manufacturing activity within the eurozone. Positive readings for a number of manufacturing purchasing managers’ indexes reflected improving conditions for the sector in Germany, France, and the European Union.

Euro Mixed amid Clashing Fundamentals

The euro was mixed today, falling against the US dollar and the Great Britain pound, while rising versus the Japanese yen and the Swiss franc. The currency was supported by positive macroeconomic data and the outlook for an asset-purchase reduction, while dragged down by Europe’s political issues like the Brexit and separatism in Catalonia.

British Pound Declines Against Major Peers on Lackluster Labor Data

The British pound declined against most other major currencies on Wednesday as the latest labor market figures painted a mixed picture of unemployment and wage growth. Lower expectations of an interest rate hike followed today’s figures, which further weighed on the British currency.

Pound Stable as Markets Wait for Economic Data

The Great Britain pound was stable today amid Brexit uncertainties and anticipation of important economic releases this week. (Update: currently the sterling seems to start a gradual move down.)

Pound Jumps on Rumors About Brexit Deal

The Great Britain pound jumped, erasing previous losses, today after the unconfirmed report that Britain may be offered by the European Union a two-year transition deal that will make it easier for the country to depart from the EU.

Euro Weak amid ECB Uncertainty

The euro fell against its most-traded rivals today, reversing gains versus the Great Britain pound that were registered earlier during the current trading session. The exception was the Swiss franc, against which against the euro rallied for the fifth straight day, though the gains were small and may yet turn to losses by the end of Thursday’s trading (update: EUR/CHF trades at the opening level currently).

Pound Stable amid Argument About Chances of BoE Rate Hike

The Great Britain pound was mostly stable today as market analysts argued whether the outlook for monetary tightening from the Bank of England is warranted considering the Brexit uncertainties.

Euro Stable as Catalonia’s Struggle for Independence Continues

The euro was stable today as the story of Catalonia’s fight for independence continued to unfold.

EUR/USD Gains Ahead of Data-Heavy Week

The euro gained against the US dollar during the Tuesday’s quiet session ahead of the rest of the week, which will be very heavy on economic data from the United States. The shared 19-nation currency also gained on its other most-traded rivals.

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