The Great Britain pound erased its gains versus the Japanese yen and slumped against the US dollar and the euro today as the minutes of the Bank of England monetary policy meeting showed that some policy makers voted for a bigger increase of asset purchases.
The minutes showed that, while seven members of the Monetary Policy Committee voted
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The latest economic data out of the eurozone is pointing to a possible recession, and that has the euro losing ground to the US dollar today. Business activity in the eurozone showed an unexpected contraction for the month of February, and that is raising fears of economic slowdown.
US dollar is surging against Japanese yen today. The result is a strong expectation for Japanese company earnings, and hopes that things can get back on track for Japan, now that yen weakness is more pronounced.
February 22nd, 3:45 pm by 
(eToro Blog) The Bank of England released the minutes from the February meeting wherein it was revealed that the division on the issue of quantitative easing is still evident. Dove Adam Posen was joined by David Miles who voted to increase the last QE round by £75 billion rather than £50 billion in order to a
(eToro Blog) A bullish sentiment for the USD/JPY pair dominates on OpenBook, where the pair is currently trading at 79.98 while a similar bullish trend is being seen on the EUR/JPY pair, currently at 106.11. As markets have been primarily focused on the Greek drama, certain events have been quietly
(eToro Blog) Monthly PMI manufacturing data starts to trickle in today, with China among the first releases. News that China’s HBSC PMI data for February continues, for the 4th consecutive month, to fall into the contractionary territory has created new worries of a global economic slowdown. The Australian e
After twelve hours of back-and-forth negotiating, European leaders have agreed to help Greece avoid a default by providing it with €130 billion ($172 billion). The Greeks won’t hold onto that money for long, as it will go straight to Greece’s creditors, most of whom are based in France and Germany. European banks
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