Created
: 2025.03.04
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/GBP holds positive ground above 0.8250 on Ukraine peace plan
World FX news
Breaking news
EUR/GBP holds positive ground above 0.8250 on Ukraine peace plan
New
2025.03.04 16:01
2025.03.04 16:01
2025.03.04 16:01
- EUR/GBP trades on a stronger note near 0.8255 in Tuesday's early European session.
- Ukraine peace plan and hotter-than-expected Eurozone HICP inflation data lift the Euro.
- The BoE is anticapted to follow a careful and gradual policy-easing approach.
The EUR/GBP cross trades in positive territory for the second consecutive days around 0.8255 during the early European session on Tuesday. The Euro (EUR) strengthens against the Pound Sterling (GBP) after the report that France and the United Kingdom (UK) have proposed a one-month truce in Ukraine.
French President Emmanuel Macron and his foreign minister said that France is proposing a partial one-month truce between Russia and Ukraine, suggesting European efforts to bolster support for Kyiv accelerate in the face of uncertain US backing.
Additionally, the hotter-than-expected February flash Harmonized Index of Consumer Prices (HICP) data from the Eurozone provides some support to the shared currency. The Eurozone HICP rose 2.4% YoY in February, compared to 2.5% in January. This figure came in above the consensus of 2.3%.
On the GBP's front, the rising bets that the Bank of England (BoE) will follow a moderate policy-easing cycle might boost the GBP and create a headwind for EUR/GBP. BoE Deputy Governor Dave Ramsden said that the UK central bank should keep a "careful and gradual" approach to the monetary policy amid uncertainty over the labor market and global trade.
Euro FAQs
The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB's primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates - or the expectation of higher rates - will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB's 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone's economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.03.04
Related articles
Pound Sterling holds onto gains against US Dollar on mounting Fed dovish bets
16 minutes agoGold props up gains after tit-for-tat trade war emerges
32 minutes agoUSD/CNH: Potential for USD to rise to 7.3250 - UOB Group
36 minutes agoChina: CPI inflation likely negative in February - Standard Chartered
39 minutes agoUSD/JPY can trade in a range between 148.50 and 150.50 - UOB Group
42 minutes agoNZD/USD: Expected to continue to trade between 0.5590 and 0.5640 - UOB Group
48 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Pound Sterling holds onto gains against US Dollar on mounting Fed dovish bets
The Pound Sterling (GBP) trades firm near 1.2700 against the US Dollar (USD) in Tuesday's European session.
New
2025.03.04 18:56Gold props up gains after tit-for-tat trade war emerges
Gold's price (XAU/USD) edges higher and trades around $2,910 at the time of writing on Tuesday after surging over 1% the prior day.
New
2025.03.04 18:39USD/CNH: Potential for USD to rise to 7.3250 - UOB Group
US Dollar (USD) is likely to edge higher vs Chinese Yuan (CNH); mild momentum suggests any advance is likely limited to a test of 7.3150. Strong advance indicates there is potential for USD to rise to 7.3250, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.03.04 18:36Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
New
2025.03.04 18:33China: CPI inflation likely negative in February - Standard Chartered
Official manufacturing PMI rebounded in February; 2-month average suggests steady production activity. Trade performance likely weakened last month due to both the holiday and tariff impact. CPI may have dropped y/y on a fall in prices of food, fuel and services, as well as a high base effect.
New
2025.03.04 18:32USD/JPY can trade in a range between 148.50 and 150.50 - UOB Group
Outlook is unclear; US Dollar (USD) could trade in a range between 148.50 and 150.50 vs Japanese Yen (JPY). In the longer run, bias for USD is slightly tilted to the downside; unclear for now whether it can break and stay below 148.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.03.04 18:30Cocoa prices decline on fading supply fears - ING
The cocoa market continues to sell off, with London cocoa pulling back aggressively. The nearly 11% drop yesterday has cocoa trading at its lowest level since November, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
2025.03.04 18:27NZD/USD: Expected to continue to trade between 0.5590 and 0.5640 - UOB Group
New Zealand Dollar (NZD) is expected to continue to trade in a range vs US Dollar (USD), most likely between 0.5590 and 0.5640. In the longer run, room for NZD to continue to weaken; it remains to be seen if 0.5565 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.03.04 18:24USD/JPY: Short bias on the day - OCBC
USD/JPY fell below 149-levels this morning amid sharp pullback in UST yields. Pair was last at 148.98, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.03.04 18:21Silver Price Forecast: XAG/USD climbs to $31.80-$31.85 zone; upside potential seems limited
Silver (XAG/USD) attracts buyers for the second straight day on Tuesday and moves further away from a nearly four-week low, around the $30.85-$30.80 region touched last Friday.
New
2025.03.04 18:05Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
