Euro Currency Holds Steady

currency calculator in use

Euro Holds Steady

The Euro is range bound against most of its major counterparts this morning, though still hovering at a decent buy-rate versus the pound. Data released earlier today indicated that trade surplus in Germany unexpectedly narrowed for February, weighed down by a more than anticipated drop in exports, showing that economic growth in the Euro area’s largest economy remains uneven. Additionally, investors in the Euro-US Dollar will eye today’s minutes of the US Fed’s latest policy meeting for further direction.

In yesterday’s trading session, the Euro continued to trade firmer against the US Dollar. Jens Weidmann, the Bundesbank President, echoed similar views to that of a few ECB policymakers, indicating that deflationary pressures in the currency bloc are not imminent and added that the current low inflation environment in the Euro area is mainly due to low energy prices and adjustments in periphery countries. Additionally, he indicated that the central bank is ready to take measures, if required, to tackle low inflation levels. Meanwhile, the IMF raised the Euro area’s economic growth forecast for 2014 to 1.2%, though once again urged the ECB to act as soon as possible to fend off deflation threat in the region.

Key Economic Events

Indicative Rates Sell Rate Buy Rate
GBPEUR 1.2123 1.2146
GBPUSD 1.6728 1.6749
EURUSD 1.3783 1.3804
GBPJPY 170.75 170.96
GBPAUD 1.7859 1.7881
GBPNZD 1.9244 1.9270
GBPCAD 1.8282 1.8305
NZDUSD 0.8681 0.8697
GBPZAR 17.512 17.568
USDZAR 10.467 10.493
GBPPLN 5.0492 5.0718
EURJPY 140.69 140.90

Company Details

Euro Currency Holds Steady

Get a quick quote

Open Account with Currencies Direct

Currencies Direct are located at:
51 Moorgate,, Greater London,, , EC2 R6BH, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882