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The euro dollar exchange rate has seen its correction lower halt and consolidation appears to be the order of the day. Support was afforded to the euro thanks to an impressively well subscribed Spanish bond auction.
March 10,2014
The euro rate is today feeling the pressure as a lack of data ensures there is little reason to back the shared currency.
March 10,2014
The British pound has enjoyed a morning of good fortune all thanks to news that the UK's unemployment picture is improving at a rapid pace and forecasts for the pound suggest further gains lie ahead.
March 10,2014
For the past few sessions the pound euro exchange rate has been trading marginally above the 1.21 mark. However, with confidence continuing to build regarding the UK outlook, we could see the pound make a move towards 1.22.
March 10,2014
"The EUR/USD broke down below key support at 1.3550 late in Friday’s North American session, turning the longer-term bias to the downside." - GFT's euro forecast.
March 10,2014
The euro sterling exchange rate (EUR/GBP) has taken a knock following the release of economic sentiment data out of the Eurozone. Germany in particular missed the mark. The forecast continues to favour the pound sterling over the euro.
March 10,2014
Euro exchange rates (EUR) are enjoying a little relief today but the EUR is still within touching distance of a multi-month low against the US Dollar and a two-week low against the Pound. Forecasters are pricing in sustained weakness.
March 10,2014
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