Posts Tagged ‘EURGBP’

EURGBP Advanced as BOE Minutes Show Unanimity; GBPUSD Little Changed

by Forex Rooton July 23, 2014 10:29 am BST
Sterling traded at 78.85 pence per euro at 9:44 a.m. London time after appreciating as much as 0.2 percent to 78.74 pence, the strongest level since August 2012. Sterling was at $1.7074 after rising to $1.7192 on July 15, the highest since October 2008. Sterling erased an advance that sent it to the strongest level […]

Sterling Strengthens Against Euro on Interest Rate Outlook

by Christopher Lemieuxon June 13, 2014 9:38 pm BST
The Sterling hit levels not seen since November against the euro, breaking through .8000. Traders are pushing the pound higher on the speculation that the Bank of England (BoE) will increase their benchmark rate from .5 percent sooner than expected. The pound strengthened against all of its major pairs, reaching 1.6991 against the greenback before […]

Sterling Has Mixed Results After Strong Economic Data; EURGBP Held Under Key Fib. Level

by Christopher Lemieuxon May 26, 2014 7:53 am BST
The Sterling has had mixed results following a strong retail sales report on Wednesday. The pound was higher for the fourth week against the euro but has remained weak against the greenback after declining from multi-year highs. The pound has seen support since the Bank of England (BoE) said that the discussion on higher interest […]

EURGBP Sinks on UK Data, Targets in Reach

by Christopher Lemieuxon January 22, 2014 6:27 pm BST
The Sterling over took the euro to a yearly low after the United Kingdom reported an unemployment rate that dropped to five-year lows of 7.1 percent, a tenth percent from the seven percent target made by Bank of England (BoE) Governor Mark Carney. Traders are bullish on the pound in hopes that the BoE will […]