EUR/GBP News, Oct. 18-22, 2010

EUR/GBP The pair last week was quite unstable: the opening price of the euro against the pound last Monday, Oct. 11 was 0,8769, and on Friday, Oct. 15 it reached the closing price of 0.8738. This week, we observe the opposite tendency of growth – this Monday the pair opened at 0.8721 and is currently at 0.8788. Here’s what Bloomberg reported on Monday about the sterling outlook this week: “The pound may decline to $1.5535 as investors anticipate further asset purchases, known as quantitative easing, by the Bank of England…

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EUR/USD News, Oct.18-22, 2010

EUR/USD Last week the euro’s growth slowed down although it still attempted to race against the dollar until the middle of the week. On Monday, Oct. 11 it opened the week at 1.3995 and closed it at 1.3975 dollars on Friday, Oct. 15. The highest the euro managed to reach during the previous week was 1.4158 on Friday. The opening price of the euro this Monday was 1.3951 and is currently 1.3945. The euro fell 1% versus the U.S. dollar on a broad short-covering rally in the U.S. currency, which…

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EUR/USD News Oct 4-Oct 08, 2010

EUR/USD According to Reuters, “The euro hit a five-month high against the dollar and was on track for its best quarterly gains in eight years on Thursday as data showed euro zone banks are relying less on funds from the European Central Bank.” The indexes that came out last week had a positive effect on the euro: The German Consumer Climate, the French Consumer Spending, the German Unemployment Change all scored positive for the euro values which additionally boosted its growth. The euro continued its growth last week – its…

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EUR/GBP News Sept 27 – Oct 01, 2010

EUR/GBP Last week was successful for the EUR/GBP as well. Last Monday the pair started at 0.8337, and then by the end of the week, it managed to go up to 0.8575 which was its closing price. This week starts at a little lower price of 0.8515, and is currently at 0.8513. Tuesday Current Account, 9:30 a.m. GMT. The index is of a high impact as this is the difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter. This month, experts…

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EUR/USD News Sept 27-Oct 01, 2010

EUR/USD Last week, the pair scored a significant rise as on Sep. 20 it opened at 1.3042 and closed at 1.3488 on Friday – a rise of 0.0446 pips. Overall, September was a successful month for the pair compared to August when the closing price for the month was 1.2672 per dollar, and the closing price for this month is1.3475 so far. On Monday, Sep. 27, the pair started the week at 1.3478 and is currently 1.3477. Tuesday GfK German Consumer Climate, 7:00 a.m. GMT. This is a survey of…

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