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/GBP News, Oct. 11-15, 2010

EUR/GBP Last week the euro was quite unstable against the sterling as it fluctuated throughout the week. Last Monday its opening price was 0.8706 pounds and after several hesitant moves it reached the closing price of 0.8729 on Friday. This Monday, however, it started to decrease as it began the week at 0.8769 and is currently 0.8740 and falling. According to Bloomberg, “The pound weakened against the euro before a measure of U.K. inflation is released tomorrow and as investors speculate the Bank of England may restart its asset- purchase…

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EUR/GBP News, Oct 4 – Oct 8, 2010

EUR/GBP Last week was also good for the euro against the pound. Last Monday’s opening price was 0,8515, and by the end of the week it reached 0.8716 – a rise of 201 pips. May this year was the last time the sterling scored such a high price. This week started with a fall for the pair as it opened at 0.8706 and is currently trading at 0.8658. Tuesday Halifax HPI m/m, 5th-7th. HPI=House Price Index, HBOS=Halifax Bank of Scotland. The Halifax HPI measures the change in the price of…

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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/GBP News Sept 20-Sept 25, 2010

EUR/GBP The pair last week demonstrated a notable rise compared to the week before. On Monday, the euro opened at 0.8285 pounds and by the end of the day, it went all the way up to 0.8361. By the end of the week, the pair was quite unstable and fluctuating, but on Friday, it closed at 0.8346. This Monday, Sep. 20, the pair opened at 0.8337 and it is currently trading at 0.8386. Tuesday Public Sector Net Borrowing, 9:30 a.m. GMT. The index measures the difference in value between spending…

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