EUR/GBP — News Archive

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Great Britain Pound Reverses Earlier Tuesday’s Moves

The Great Britain pound reversed its earlier moves today, rebounding versus the US dollar and the Japanese yen but trimming gains against the euro and the Swiss franc. Politics are likely to continue driving the currency in the near future.

Great Britain Pound Rebounds After Friday’s Losses

The Great Britain pound rose against its major rivals today following the huge losses on Friday caused by polls that showed the ruling Conservative party is losing its lead ahead of the snap election in June.

Dollar Ends Week Relatively Subdued

The US dollar ended this week’s mostly flat due to the mixed minutes of the latest meeting of the Federal Open Market Committee. The greenback was far from being the weakest currency, though, as the Great Britain pound logged even bigger losses, mostly due to politics.

Pound Swings Back & Forth After UK GDP

The Great Britain pound was volatile after the release of Britain’s gross domestic product report. The data was bearish, therefore the currency sank after the release, but the sterling is currently attempting to recover and is actually trading near the opening level against such majors like the US dollar and the euro.

Euro Declines Against US Dollar Despite Positive Eurozone PMI Data

The EUR/USD currency pair today hit a new session high during the European session before retracing all of its gains during the North America session. The pair had rallied higher on positive Markit Eurozone Composite PMI data and Germany’s Manufacturing PMI data, which met expectations.

Euro Rallies Higher Against US Dollar on Positive Eurozone CPI Data

The EUR/USD curreny pair rallied higher today after the release of the Eurozone core CPI data by Eurostat, which met market expectations. The currency pair hit a new six-month high during the American session as the US dollar weakened against the euro.

Sterling Reacts Positively to Employment Data

The Great Britain pound reacted positively to UK employment data released today, which showed accelerating wage inflation and a surprise drop of the unemployment rate. It allowed the currency to halt the four-day losing streak versus the euro and the Swiss franc.

Euro Surges on Economic Data & Merkel’s Victory

The euro surged today against its major peers after the release of relatively positive macroeconomic data from the eurozone. Subsiding fears about Europe’s political issues were also helping the currency.

Great Britain Pound Fails to Capitalize on Positive UK Data

Macroeconomic reports released from the United Kingdom today were almost universally good, including the most important of them — the Consumer Price Index. The Great Britain pound attempted to rally against the US dollar on the back of the good data but failed to maintain the upward momentum. The sterling did not even attempt to rise against such currencies as the euro and the Swiss franc.

Super Thursday Makes Sterling End Week Extremely Soft

This week’s Super Thursday turned out to be very negative for the Great Britain pound. As a result, the currency ended the week lower versus most of its major rivals, though not all of them.

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