Pound Advances Versus Euro With Inflation Gap Most Since October

The pound gained versus the euro this week as reports strengthened speculation that the U.K. economy is recovering fast enough to withstand tighter monetary policy while other European economies require more stimulus.

Schaeuble says EU must focus on competitiveness, not exchange rate

(Reuters) - Europe must focus on improving the competitiveness of its economy rather than the exchange rate, German Finance Minister Wolfgang Schaeuble said on Friday, brushing aside French calls for EU action to weaken the euro.

Signs of turnaround in international use of euro: ECB

Frankfurt (AFP) - The eurozone attracted more foreign investment in 2013 than in 2012, but the euro's share of foreign exchange reserves and its role in international financing declined slightly, the European Central Bank said on Wednesday.

European Stocks Climb on Chinese Economic Growth Report

European stocks advanced, rebounding from yesterday’s decline, as a report showed China’s economy expanded in line with the government’s target. U.S. index futures and Asian shares were little changed.

BES slide, tumbling German sentiment hit markets

(Reuters) - European stocks and the euro fell on Tuesday after shares in Portugal's biggest listed bank hit a record low, while a plunge in German economic sentiment pushed up borrowing costs for some peripheral euro zone countries.