Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
EXH: Euro To Pound Sterling Exchange Rate Outlook: Uptrend
 
The mood towards the Euro was bearish during the morning of Friday’s European session, in spite of Eurozone finance ministers expressing confidence over progress on Greek bailout talks.

Even so, the Euro Pound exchange rate was able to maintain a solid uptrend thanks to the UK visible trade deficit widening from -11.9 billion to -12.4 billion in February, highlighting the country’s trade vulnerability.

EUR/GBP could have put in a solid recovery on Thursday if not for warnings from ECB officials throughout the day. In the afternoon, ECB Vice President Vítor Constâncio echoed the caution suggested by Draghi earlier in the day.

With policy divergence between the ECB and the Fed looking set to increase over the coming months the mood towards the Euro is expected to remain muted.

However, in the absence of fresh UK data the Euro Pound exchange rate has been able to return to a narrow trend.

Euro Slides as ECB President Slams the Brakes on Rate Hike Expectations
The EUR GBP exchange rate has slipped by -0.2% today, owing to explicitly anti-rate hike comments from the European Central Bank (ECB).

Speaking in Frankfurt, ECB President Mario Draghi stated;

Source