Pound to Euro News
This is the category page for all Pound to Euro 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....
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...
Pound Sterling rises after BoE refrains from further QE
10 May at 6 PM
News Item Link: Pound Sterling rises after BoE refrains from further QE
The sterling gained on most major counterparts, particularly the US dollar, the yen and the euro on the back of today’s policy statement by the Bank of England, reports Trading Point.
The central bank left interest rates unchanged at their long-term level of 0.5 per cent as anticipated, as well as keeping its asset purchase initiative on...
Euro falls on dollar for seventh consecutive day
8 May at 6 PM
News Item Link: Euro falls on dollar for seventh consecutive day
The euro lost ground on the dollar for the seventh consecutive session on Tuesday on concerns that a change of president in France and political uncertainty in Greece could threaten austerity plans viewed as key to solving the debt crisis in the eurozone, reports Reuters.
The euro dropped below the psychological $1.30 level after the Greek...
Euro declines on Greek and French election results
7 May at 6 PM
News Item Link: Euro declines on Greek and French election results
The euro lost ground on the pound and the dollar on Monday after weekend election results that cast doubt on austerity plans across Europe, reports the BBC.
Francois Hollande, who won the French presidency, vowed to focus more on growth, while Greece’s pro-bailout parties performed poorly. The euro dropped as low as $1.295, the lowest it...
Currency exchanges affecting life abroad for UK expats
5 Mar at 6 PM
News Item Link: Currency exchanges affecting life abroad for UK expats
Expats, pensioners and holiday homeowners are selling up and returning home in large numbers – or at least sending their foreign money back to Britain.
UK-based foreign-currency brokers are reporting a massive amount of foreign money being converted back into pounds from overseas. At the same time, property companies from overseas have...
Pound up as euro remains steady
10 Feb at 10 AM
News Item Link: Pound up as euro remains steady
The sterling strengthened during European trading hours on Thursday following the announcement by the Bank of England of a £50bn expansion of its assets purchase programme, reports nasdaq.com.
As expected, the euro remained steady as investors awaited the latest news on the Greece bailout as well as a decision on interest rates and the...
Pound gains on the dollar again
1 Feb at 6 PM
News Item Link: Pound gains on the dollar again
The pound ascended to a 10-week high compared to the dollar on Tuesday, but more gains are limited due to concerns over Portugal’s debt woes.
The pound hit 1.5797 against the dollar in the morning, the highest since November 21; but consolidated at 1.5776, reports the website Forex Rate It.
Early gains were also made by the pound...