EUR/GBP News, Oct. 25-29, 2010

EUR/GBP The euro demonstrated a steady growth against the sterling last week. It opened at 0.8721 pounds last Monday, and it reached 0.8894 pounds closing price on Friday. This week started even higher – at 0.8901 and is currently at 0.8906 and going upwards. Economists say that this Monday, the pound fell to its weakest point for the past seven months against the euro as a result of a drop in mortgage approvals to the least since March last year. It is also speculated that the Bank of England may…

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EUR/USD News, Oct. 25-29, 2010

EUR/USD Last week was quite dramatic for the pair, as it demonstrated high fluctuations and instability. Last Monday the opening price of the euro against the dollar was 1.3951, and on Friday the pair closed the week at 1.3952. However, on Tuesday, the pair demonstrated an extreme drop of 0.0263 pips, which was quickly corrected the following day when the pair reached a closing price of 1.3975. This Monday, the euro’s opening price was 1.3961 dollars, and is currently trading at as high as 1.4010 dollars. Tuesday GfK German Consumer…

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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/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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