UK markets close in 2 hours 33 minutes


CCY - CCY Delayed price. Currency in USD
Add to watchlist
1.2174+0.0001 (+0.01%)
As of 1:56PM GMT. Market open.
Full screen
Previous close1.217
Day's range1.216 - 1.219
52-week range1.0655 - 1.2350
  • EUR/USD Daily Forecast – U.S. Dollar Is Mostly Flat Against Euro
    FX Empire

    EUR/USD Daily Forecast – U.S. Dollar Is Mostly Flat Against Euro

    EUR/USD did not manage to settle above the resistance at 1.2175.


    European Stocks Lower; Economic Growth Worries Persist

    European stock markets traded lower Friday, ending a generally positive week on a cautious note amid concerns that growing Covid-19 cases will stunt economic growth. U.K. retail sales only grew 0.3% in December, weaker than expected, as retailers struggled to recover in the crucial holiday period from a partial coronavirus lockdown the previous month, marking a weak end to their worst year on record. Additionally, the euro-zone composite PMI, which fell to 47.5 from 49.1 in December, suggested the region was struggling to show any economic growth in the first month of the new year.


    Dollar Edges Higher; Overall Trend Still Lower

    The dollar edged higher in Europe Friday, but was still heading for a lower week as traders made bets on an economic recovery from the Covid-19 pandemic. Joe Biden was sworn in as the 46th president of the United States on Wednesday, and traders are seeing the change in administration as increasing the chances of increased stimulus given the incoming president has already proposed a $1.9 trillion Covid-19 relief bill. This supported risk-on sentiment, to the detriment of the greenback, as traders were prepared to buy riskier currencies on the idea of a quicker than previously expected global economic recovery.