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Euro to Pound + US Dollar Today - Weekly Forex Exchange Rates, FX Predictions & Outlook 2015

October 19, 2014 - Written by David Woodsmith

Currency News UK brings you the Euro (EUR) exchange rate weekly outlook vs UK Pound Sterling (GBP) and the US Dollar (USD) conversion pairs.



euro exchange ratesThe forex trading week began with very little in the way of data releases and with the US, Canadian and Japanese markets all closed for national holiday celebrations trade was muted.

No one had any idea that the week would turn from quiet to full blown panic in just a few days.

Exchange Rates Today:

The Euro to Aus Dollar conversion rate today is 1.45936 EUR/AUD.
The Euro to Canadian Dollar exchange rate is 1 EUR equals 1.43885 CAD.
The Euro to Pound exchange rate today is converting at 0.79289 EUR/GBP.
The Euro to New Zealand Dollar exchange rate converts at 1 EUR is 1.61214 NZD.
The Euro to US Dollar exchange rate converts at 1 EUR is 1.27609 USD.

Don't forget if you are waiting to find better exchange rates for a currency transfer, then you're best bet is to set up your future rate order with a foreign exchange broker!

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Euro Rate Today: EUR Falls vs USD and GBP



On Tuesday the first signs of the rout to come where hinted at as the Euro (EUR) fell against the US Dollar (USD), Pound Sterling (GBP) and other exchange rate peers as data showed that France recorded a monthly inflation rate of -0.4%.

Consumer prices in the Eurozone’s second-largest economy fell 0.4% in September from August and were 0.3% higher than in September last year.

Economists had expected a drop of 0.2%. Production data out of the region also weakened and economic sentiment in Germany plummeted.

Economic data out of the UK showed that inflation came in below expectations. The report prompted a panic in the markets as fears were raised over the strength of the wider global economy. As a result, the Pound went into freefall against most peers.

Wednesday: Euro Losses Limited

Midweek the Euro exchange rate remained under pressure from concerns that the Eurozone is heading towards a triple dip recession.

Further falls were limited however, after a report released early in the session showed that inflation in Germany remained stable at 0.8% in September.

The annual inflation rate out of Europe’s largest economy is keeping pressure on the ECB as Eurozone inflation data continue to languish below the central bank’s medium-term target of just below 2%.

Volatility dominated the market with huge swings being recorded in most exchange rates.

The GBP began the session battered but then regained ground after data showed that unemployment in the UK fell to 6%.

Thursday: Euro to Pound Exchange Rate Slides

Thursday saw the Euro fall vs the British Pound and other peers as traders looked ahead to the release of the latest Eurozone Balance of Trade and Inflation data.

Inflation across the Eurozone remained well below the ECB’s target and once again created a spike in volatility.

Fears over deflation were heightened.

The EUR regained ground against the USD and GBP as concerns over the global economy eased on the back of improving US economic data releases.

ECB executive board member Benoit Coeure improved sentiment towards the Euro after saying that the bank still believes that the region will grow in the third and final quarters of 2014.

Friday: GBP Falls vs Currency Peers

The GBP weakened against most of its most traded currency exchange rate peers on Friday as a Bank of England economist said that interest rates should remain low in order to avoid the UK economy stagnating.

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