This is the category page for all Greece news here on ukfx.co.uk...
Pound strengthens on positive news from Europe
5 Dec at 9 AM
News Item Link: Pound strengthens on positive news from Europe
Indications Europe is making progress in dealing with its debt crisis has given a boost to market sentiment and saw the pound rise to its highest level against the US dollar in nearly a month.
However, there are signs that the UK economy continues to struggle after construction data released for November indicated the sector remains weak....
Uncertainty over Greek debt sees euro drop against the dollar
14 Nov at 9 AM
News Item Link: Uncertainty over Greek debt sees euro drop against the dollar
Weak business confidence data coming out of Germany and uncertainty over the economic situation in Greece saw the euro drop to its lowest level in two months. The euro is currently trading at $1.2702 after a fall to $1.2661.
The euro was prevented from dropping further by hints that international lenders may be about to send further aid to...
Spain budget announcement sees euro stay above two-week low
28 Sep at 10 AM
News Item Link: Spain budget announcement sees euro stay above two-week low
The euro was able to hold above its two-week low versus the dollar after Spain announced a fresh budget which many market players saw as the first step towards requesting financial aid.
With the third quarter coming to an imminent end, the euro is on course to close it out with a marginal gain, but the quarter ahead is likely to see the...
Australian dollar weakens on profit-taking
24 Sep at 6 PM
News Item Link: Australian dollar weakens on profit-taking
The Australian and New Zealand dollars weakened on Monday as profit-taking brought an end to rallies that were driven by world central banks launching stimulus moves earlier in September.
Meanwhile, the euro fell close to a low hit last Thursday due to ongoing uncertainty over Greece and Spain, while repatriation in Japan helped the yen...
Euro and Aussie bounce back
21 Sep at 10 AM
News Item Link: Euro and Aussie bounce back
The euro regained some ground on Friday, but saw its gains limited on the back of a spate of surveys that revealed business activity in the eurozone was still weak.
The single currency climbed by 0.1 per cent to $1.2986, after falling to a low of $1.2920 on Thursday. Meanwhile, the Australia dollar went up by 0.3 per cent to $1.0468, and...
Euro steady and to hold attention
28 Aug at 9 AM
News Item Link: Euro steady and to hold attention
The euro started steadily in Asian morning trading today, but experts fear that it could see a downturn as investors worry that the European Central Bank maybe dragging its feet when it comes to resolving the region’s debt crisis. It is thought that the ECB may not now be able to present a plan at its next meeting on 6 September after the...
Euro rises to seven week high on Thursday
24 Aug at 11 AM
News Item Link: Euro rises to seven week high on Thursday
A report suggesting that Spain is talking to Eurozone leaders about the conditions of a possible bailout saw the euro rise yesterday for the fourth day in a row to hit a seven-week high of $1.2589.
Some analysts believe that Spain wants to bring down its borrowing costs by allowing the European rescue fund to buy government bonds at...
PM Samaras says Greece need more time for cuts
22 Aug at 2 PM
News Item Link: PM Samaras says Greece need more time for cuts
Before talks of its bailout, Prime Minister Antonis Samaras has asked for more time to execute harsh spending cuts.
The issue is whether or not Greece has done enough to warrant getting its next €31.5 billion payment. If funds are not unlocked Greece will default on its public debt and may have to leave the euro. There is much pressure...
Euro moves away from high against sterling
20 Aug at 12 PM
News Item Link: Euro moves away from high against sterling
Following a statement from Germany’s Finance Minister about the unlikelihood of bond spreads being targeted by the European Central Bank, the euro eased away from a high session against the sterling today. A dip of 0.09% saw EUR/GBP finish at 0.7851 in morning trade after briefly reaching 0.7872.
Friday’s high of 0.7876 was quoted as...
Euro slips ahead of Fed decision
20 Jun at 4 PM
News Item Link: Euro slips ahead of Fed decision
The euro eased against the dollar on Wednesday but held on to much of Tuesday’s gains, with investors’ focus being on whether the Federal Reserve will launch further monetary stimulus in order to support the country’s flagging economic recovery.
The single currency also gained support from indications that Greek parties could be set...