All Articles Tagged - EURGBP

Forex News – Sterling drops off 2-week high versus euro

Posted on February 11, 2013 at 12:59 pm GMT

The British pound pulled back from a two-week high against the euro during London session trading on Monday. After a sharp rally last week, the pound was due for a correction as investors booked profits. Sterling is down 0.8 percent as the euro climbed to 85.37 pence, giving the EURGBP pair a rebound from a two-week low of 84.46 struck on Friday. Euro weakened against the pound after comments by European Central Bank President Mario Draghi on Thursday after he [..]

European Session –Pound extends losses to 13-1/2 low versus euro

Posted on January 28, 2013 at 12:32 pm GMT

The euro pulled back from an 11-month high against the dollar during Monday’s European session as investors took profit after a sharp rally recently. Markets are more confident about economic recovery in Europe, following recent upbeat news out of the region. EURUSD was due for a correction and eased down from Friday’s high of $ 1.3477 but remained supported above $ 1.3424. Sterling fell to a 13-1/2 low against the euro on Monday on concerns over the UK economy. Disappointing [..]

Forex News – British pound extends losses against euro and dollar

Posted on January 28, 2013 at 10:50 am GMT

Sterling fell to a 13-1/2 low against the euro on Monday on concerns over the UK economy. Against the dollar, the pound fell to a five-month trough. Disappointing GDP data released on Friday highlight the weakness in the economic recovery in Britain and raises the prospects of more quantitative easing by the Bank of England. Data showed that growth slowed more than expected in the last quarter of last year, with GDP contracting by 0.3 percent. This raises concerns of [..]

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EURGBP

Forex News – Sterling drops off 2-week high versus euro

European Session –Pound extends losses to 13-1/2 low versus euro

Forex News – British pound extends losses against euro and dollar

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