Currencies News

Euro Bulls Emboldened as Currency Clears Multi Month Roadblocks

1:25 pm ET

It took six attempts for the euro to break the $1.1300 resistance level this month. One day after breaching the barrier, the common currency is fast approaching the next line in the sand amid a rally that now has analysts pondering what it will take to slow the best performing major currency this quarter.

Pound Jumps as Carney's Hawkish Tone Sends Gilts Tumbling

10:25 am ET

The pound soared by the most in two months and U.K. bonds slumped as Bank of England Governor Mark Carney said the Monetary Policy Committee may need to begin removing stimulus.

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