Tag Archives: EUR/GBP

Euro rebounds from 2-week low versus sterling

Sterling weakened against the euro and the dollar on Monday, as it was due for a correction after a sharp rally last week and was subject to profit taking today. The pound had an advantage against the euro especially last Thursday as the single currency as hurt by remarks from European Central Bank President Mario Draghi who warned about the euro’s recent strength. The euro zone is still...

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February 11, 2013 @ 1:28 pm

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Euro hits new highs versus sterling after UK manufacturing PMI

The purchasing Manager’s Index for the manufacturing sector in the euro zone and the UK were released on Friday. While both numbers were more or less satisfactory, the euro reacted more and surged against the dollar and sterling. Data from Markit showed Euro zone manufacturing PMI in January contracted at the slowest rate in 11 months and the index ticked up last month to 47.9 from...

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February 1, 2013 @ 3:01 pm

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Sterling underperforms, Yen rebounds from 2-1/2 year low versus USD

Currency pairs were mostly in consolidation due to limited news flow on Monday. Major currencies that rallied sharply last week took a breather today and pulled back for correction and profit-taking opportunities. This was particularly the case for the yen which managed to bounce off a 2-1/2 year low against the dollar. Also the euro moved off an 11-monht high versus the dollar. Euro drifted...

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January 28, 2013 @ 1:45 pm

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Pound Continues Underperforming as Data Disappoints

The British Pound continued its relative underperformance today after bad housing and Manufacturing PMI data. The Nationwide Building Society reported that UK house prices fell 0.7%, lot worse then the expected 0.1% drop and outside the range of any of the forecasts. Prices now are 2.6% lower from a year ago, their biggest annual fall since August 2009. Nationwide added that British house prices...

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August 1, 2012 @ 1:39 pm

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