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Pound Strengthens To Fresh Multi-month High Against Euro

The pound has been gaining against the euro ahead of the European deals on Friday. As of now, the pound is worth 0.8140 per euro, its highest level since July 2010. If the pound rises further, it may likely target the 0.800 level.

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Forex News

A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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