EURGBP »

  • H.S. Borji
    Forex » Euro Braces for Volatile Week
    H.S. Borji - March 28, 2014, 17:39 GMT

    Europe’s common currency was little changed at the end of the week, after surprisingly low German inflation data shone the spotlight back on the European Central Bank. The ECB, which is scheduled to meet for its monthly policy meetings next week, is facing increasing pressure to carve out a response to deflation. Annual inflation in

  • H.S. Borji

    A lack of economic data didn’t hold back the British pound today, as England’s currency continued to strengthen versus the US dollar and euro ahead of a key retail sales report. Thursday’s report on UK retail sales, courtesy of the Office for National Statistics, could show a monthly increase of 0.5 percent. Annually, this would

  • Sergiy Zlyvko

    On Thursday, the U.S. dollar closed up to its competitors, receiving support from the last meeting of the Federal Reserve System in the USA, as well as positive economic data on the U.S. Movement on all major currency pairs almost coincided with the forecast scenarios. This day is empty on important macroeconomic events. When there

  • Sergiy Zlyvko

    As we have expected, the dollar index DXY on Tuesday in anticipation of the FOMC meeting remained sideways and closed near 79.40 mark. A similar situation was observed for EURUSD. GBPUSD in anticipation of the Bank of England minutes publication reduced to 1.6545. To the end of the day the pound rebounded to 1.6595. Key

  • H.S. Borji

    The euro continued to strengthen Wednesday, as the forex market shrugged off weaker than forecast Eurozone industrial output. Eurozone industrial output declined 0.2 percent at the beginning of the year, official data from the European Commission’s statistics branch confirmed today. The release, which showed output declined in intermediate goods, energy and durable consumer goods, nevertheless

  • H.S. Borji

    UK GDP expanded at a steady rate in the three months through February, a sign the economy’s pre-recession peak will be recovered this year. UK gross domestic product expanded 0.8 percent between December and February, the National Institute of Economic and Social Research showed today. The economy expanded at a rate of 0.7 percent in

  • Sergiy Zlyvko

    On Monday, British pound suffered heaviest losses against the U.S. dollar. In the absence of news background, the rate of GBPUSD fell by 100 points to 1.6620. Pound has been sold throughout the market and provoked the drop of EURGBP cross-rate. One of the reasons for the fall of the pound could be information on

  • H.S. Borji
    Forex » Sterling Loses Support
    H.S. Borji - March 10, 2014, 18:52 GMT

    The British pound declined sharply Monday, as the forex market reacted to latest comments from Bank of England Deputy Governor Charlie Bean. In a speech to the North East Chamber of Commerce, Bean expressed concern that any additional strength for the pound could weigh on Britain’s export-based recovery. Bean noted that sterling’s decline in value

  • Sergiy Zlyvko

    On Wednesday, the dollar index closed with a slight decrease. The single currency and the Swiss franc against the U.S. dollar closed virtually unchanged in the end of the day. Pound and the Australian dollar against the U.S. dollar closed with a growth. The day was not easy, because on Wednesday a lot of statistical

  • Forex » British Pound Pulls Ahead
    February 25, 2014, 17:40 GMT

    The British pound was higher Tuesday, as stronger than forecast mortgage approvals outweighed concern the UK housing market may be overheating. The British Bankers’ Association said banks approved 50,000 mortgages last month, the highest level since September 2007. The data suggest first-time buyers benefited from government lending schemes, which passed on cheap finance to banks