Pound to Euro | Pound Euro Exchange Rate News and Insights
Exchange Rates Today: Euro boosted as China ramps up rhetoric, USD/JPY holds gains but unable to make further headway
- Details
- Category: Pound to Euro
- Published on Wednesday, 15 February 2012 09:57
- Written by Will Peters
Euro Exchange Rates Today: Coming into the European session the EUR/USD traded 1.3080-1.3185 and USD/JPY 77.36-78.66 since Tuesday’s European close.
China’s central bank governor Zhou said China would continue to invest in Eurozone sovereign bonds and would play a bigger role in solving Europe’s crisis via both the IMF and the EFSF.
Advertisement - Article Continues Below
As usual, the comments were short on specifics, but they helped the euro recover from yesterday’s selloff, and carried AUD and NZD higher too. Zhou also expressed his wish that the euro will become a bigger and more important reserve currency.
USD/JPY held onto yesterday’s gains but couldn’t make much further headway despite closing above the 200-day moving average for the first time in 10months.
There was no further news on yesterday’s developments in Europe which had triggered concern over whether a second Greek rescue
would ever happen.
The face-to-face meeting of Eurozone finance ministers which was planned for today (but which was cancelled yesterday) has not been reinstated, and the plan is still to hold a teleconference instead.
Important decisions on Greek funding have been made via teleconference before, but it seems more likely that any decision to go ahead with a second Greek rescue will be deferred until Monday’s regular monthly meeting of Eurozone finance ministers.
The Wall Street Journal reported that a tentative agreement has been struck between US congressional negotiators on extending the payroll tax cuts and unemployment benefits through to the end of 2012 – both measures are due to expire on Feb. 29 unless extended.
Ahead on Wednesday, headlines around the Eurogroup conference call are the key focus but macro releases are also due, including German and Eurozone GDP, the UK employment reports and the BoE Inflation Report, as well as the FOMC minutes.
 |
 |
Spread The Word
Pound to Euro Latest
- Heavily oversold, but euro dollar exchange rate base fails to convince warns UniCredit
- Looking weak: Pound to euro and pound to dollar are poorly, but one analyst says this is only temporary
- RBS: Bias for pound sterling to outperform euro remains, despite signs risk-off run has gone too far
- Pound to euro, pound to dollar: Key currency pairs head lower as Bank of England inflation report points to possibility of further QE
- Ground to take: Pound sterling looks to re-assert itself over EUR after morning on the back-foot
- Pound to euro, pound to dollar: Major currency pairs in morning pullback, but sterling's dominance on global FX space continues
- Euro exchange rate today: Single currency sees brief relief courtesy of a timely German surprise; but further EUR-USD falls forecasted later
Advertisement- UKForex
 |
Our Publications
Advertisement
Transferring Money Between the UK and Europe
Foreign exchange specialists TorFX are here to assist you with your money transfer requirements between Europe and the UK.
Ask for your quote today.
As a secure FSA regulated payment provider they have access to over 40 currency accounts and can provide same day transfers.
Latest on The Economy News
- Spread betting companies seek to get clients trading the Facebook 'gray market' ahead of flotation
- Heavily oversold, but euro dollar exchange rate base fails to convince warns UniCredit
- Exchange rate forecasters say a return to strength for the Australian dollar is unlikely until at least June
- Euro exchange rate today: EUR holds ground despite the likelihood of a harrowing showdown over Greece's spending commitments
- FTSE 100: Aviva plc, National Grid in focus while investors start to fret over Spain and their spiking bond yields
- Looking weak: Pound to euro and pound to dollar are poorly, but one analyst says this is only temporary
- British Pound Sterling: UK currency still struggling as BoE hangover persists, meanwhile outlook for EUR remains precarious
- RBS: Bias for pound sterling to outperform euro remains, despite signs risk-off run has gone too far
- Pound to euro, pound to dollar: Key currency pairs head lower as Bank of England inflation report points to possibility of further QE
- Pound sterling fails to take heart from consensus-beating unemployment data; UK currency down vs EUR, USD and AUD
Exchange Rate Forecasts
Subscribe
Email Marketing Software You Can Trust
