The euro suffered on Thursday after markets were “surprised” by candid statements from the European Central Bank’s (ECB) Mario Draghi, who suggested that the EU stands to collapse economically if its member states do not choose to support it with additional liquidity. He said the ECB would ultimately fail to repair the EU’s balance sheet […]
The euro gained against the US dollar and sterling on Friday as very poor US non-farm payrolls undermined the US dollar and sterling. Volatility was muted following Thursday’s European Central Bank’s interest rate decision, which remained unchanged. Even though this was expected, there is still a focus on far more important economics events. This week, […]
The euro had a positive day against the pound sterling and US dollar, gaining over 0.8% and 0.4% respectively. In terms of data, the German Unemployment Rate had unexpectedly fallen to a fresh low of 6.1% in May. This is positive for the EU given the labour market in the EU’s major economy is showing […]
After a disappointing week last week the euro begun a small recovery as it strengthened against both sterling and the US dollar. Most of the gains made against the US dollar were erased on Thursday, despite it performing well earlier in the week. Thursday was a key day for the single currency, with euro weakness […]
It was a positive day overall for the euro yesterday as it strengthened against sterling and the US dollar. However, rather than this being a result of major strengthening in the single currency, it was largely because of weakness in the pound and greenback. Economic data from the eurozone came out as anticipated, with the […]
The euro ended on a disappointing note after a poor week as it lost ground against both sterling and the US dollar. The only significant data out from the Eurozone was French consumer confidence data, which beat expectations at 98, despite being forecast at 94. With sterling and the US dollar gaining a lot of […]
The euro had a good day on the whole, as it made ground against both sterling and the US dollar. The single currency hit its highest point since the beginning of May against its biggest trading partner, the US dollar. The movement seen on Wednesday was down to weakness from the US dollar and sterling […]
The euro had a slightly disappointing day on Tuesday, despite better-than-forecast revised growth figures, as it lost ground against sterling and the US dollar. Revised growth figures for the euro area were anticipated to fall from 1.6% down to 1.5% but actually ticked up slightly to 1.7%. The euro/sterling spike seen very early in the […]
Yesterday we saw the euro gain further strength, reaching a two-week high against sterling. This was due to EU referendum polls in the UK taking centre stage, with the latest polls indicating a jump in ‘Brexit’ support, which caused sterling weakness across the board. This trend was reversed overnight as the likelihood of a June […]
