The European Central Bank (ECB) cut interest rates and showed it was in no rush to deliver the next one, a stance analysts say can underpin the Euro.
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Pound Sterling showed its disappointment to news the economy failed to grow in July, whereas the investment community thought it would register a 0.2% expansion.
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The Euro's recovery against the Pound has suffered a setback, but technical analysts we follow say it is too soon to throw in the towel.
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Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week see…
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Pound Sterling in late-week swoon against the Euro after global stock markets see aggressive selling.
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For those selling euros and buying pounds, Citibank's currency trading desk has some advice, telling its clients to lock in the recent gains in EUR/GBP and "anticipates a gradual move lower."
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Pound Sterling has retreated from recent highs against the Euro and could be set for a period of consolidation. Those looking to buy euros should cover some exposure at these levels with a competit…
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