Posts Tagged ‘Euro’
Today the direction of the stock exchanges will set the corporate reports
Investors were cautious yesterday ahead of an ECB rate decision, but the euro has rebounded this morning
The euro relinquished some of its recent gains against the greenback yesterday, with investors on the defensive ahead of the ECB rate decision today.
No reprieve yet for the ailing pound; continues to slide further against the euro
The pound slid for the third consecutive day against the single currency, losing 0.6% following a fall in industrial output, to close at 1.0812.
- Sterling received an early boost yesterday morning as a Halifax survey revealed a further rise in UK house prices of 1.6% in September, buoying hopes of a strengthening economy.
Selling pressure held firm on the pound yesterday, with the euro price falling below €1.08
The pound was unable to capitalise on improved services data, eventually losing over half a cent to a broadly stronger euro.
- The pound initially found some respite as positive data from the services sector bolstered expectations that the economy resumed growth in the third quarter.
Pound advanced against a broadly weaker euro yesterday, but has stumbled in trading this morning
Sterling climbed half a cent against the single currency yesterday, helped by a weaker euro, which was undermined by comments from an EU official.
- In early trading, the pound was able to brush off an unexpected fall in the UK Manufacturing industry, which contracted to 49.5 in September, from 49.7 in August, against the market expectations of an increase to 50.3.
Euro advanced yesterday but its progress has been halted today in the wake of dovish euro speculation
The euro pushed higher against the dollar yesterday in choppy trading, even as disappointing US economic data weakened stocks.
- The single currency made strong gains yesterday morning, supported by the results of the ECB cash tender offer.
Sterling relinquished strong gains vs euro yesterday as risk appetite eased
The British currency, unable to capitalise on strong early gains, lost ground against the euro yesterday, as an easing of risk appetite wore heavily on the fragile pound.
- Initially, sterling extended Tuesday’s rebound following a surprising jump in UK consumer sentiment, posting its biggest monthly boost in more than 14 years and signalling growing optimism about the UK economy.
An easing of risk appetite weakened the euro yesterday, but it has rallied back over $1.46 so far today
The single currency hit a two-week low against the greenback yesterday as a rise in risk aversion strengthened demand for the haven currency.
- The dollar rose for a second day as evidence that economies have yet to shake off the worst effects of the global recession spurred demand for the safety of the U.S.
Pound edged higher against the euro yesterday and has consolidated its position this morning
Having traded in the red for most of the day, the pound rebounded in the afternoon to close the day marginally up at 1.0859.
Sterling continued to slide vs the euro on the run up to the weekend, but has capped its losses this morning
Sterling fell yet further on Friday on perceptions that the UK currency would be allowed to weaken to help the fragile British economy.
The pound’s decline continues, as confidence in the currency is undermined
Sterling went into its steepest daily decline against the single currency in 5 months yesterday, losing 1.2%, after Mr. King revealed that he was content with the current value of the pound.
The dollar reversed its slide yesterday, buoyed by stronger equities, but has fallen back today
Despite a reassertion that US interest rates would stay low, the dollar advanced over half a cent against the single currency yesterday as global stocks went into decline.
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