Could the Pound gain further against the Euro next week? (Tom Holian)

Sterling vs the Euro has hit its best level to buy Euros with Pounds in over two months after the Bank of England stated that an interest rate rise may be coming sooner than many might expect. Prior to the announcement on Thursday the expectation was for an interest rate hike in 2019 but the statement and subsequent press conference suggests that this could be happening much sooner. The split was 7-2 in favour of keeping interest rates on hold but it does highlight there is...

Will GBEPUR remain above 1.10?

The pound to Euro rate has risen against the lines of expectation as we witness the UK Inflation level rising which puts pressure on the Bank of England to raise interest rates. Personally I do no think that the BoE will actually raise rates and tomorrow's Interest rate decision meeting will be crucial to understanding the likelihood of this happening. All in all there is an expectation that Inflation will continue to rise and this should put pressure on the Bank to raise interest rates,...

Pound to Euro rate hits a 6-week high vs the Euro as inflation levels...

The inflation level in the UK rose unexpectedly in August and as a result we've seen the pound climb quite dramatically. The Pound rose against all major currency pairs with the main headlines to take away from today's price movement being GBP to EUR has hit a 6-week high whilst GBP to USD (cable) has hit a 1-year high. Economists were expecting to see the inflation level for August released at 2.8% but the figure came out at 2.9% which equals the highest level on record...
GBPEUR rate remains steady as markets await the Autumn Budget

Where next for Sterling Euro exchange rates? (Tom Holian)

The Pound made some very positive gains vs the single currency on Friday trading session as the UK posted some better than expected Manufacturing data. The figures saw an increase owing to the low value of Sterling exchange rates which encouraged a huge amount of overseas orders. This caused the Pound vs Euro exchange rate to hit as high as 1.0970 yesterday but I think the gains will be short lived as the topic of Brexit will continue to dominate the headlines. At the moment we are...
GBPCHF rates hit near 3-month highs

ECB decision fails to inspire the Euro

The European Central Bank (ECB) has today confirmed the expected news that yes ultimately they will be looking to taper their QE program. There is a strong belief that the ECB will in the future withdraw the stimulus that they have been injecting into financial markets which have been essentially propping up the Eurozone. With high unemployment and low growth the ECB were forced to act, is now the right time to be scaling back though? In essence the ECB have been very positive today...
GBPEUR rate remains steady as markets await the Autumn Budget

Euro begins to rise as markets await ECB meeting, will the ECB taper its...

The Pound is losing some ground this morning as financial markets await the ECB's meeting later this afternoon. It will begin at 12.45pm UK time and many are predicting that Mario Draghi may announce tapering plans today. This would be considered a positive for the Euro and I would personally expect to see the EUR to GBP rate improve if this plan is announced. On the other hand, those hoping for a stronger Pound should keep an eye on what's said by Draghi as if the...
Brexit vote

GBP/EUR Forecast – Will the Pound Remain Under Pressure? (Matthew Vassallo)

GBP/EUR rates have stabilised over recent days, with the Pound finding support above 1.08 against its EUR counterpart. Sterling has found life tough going over recent weeks, as the Brexit stranglehold tightens sapping investor confidence and with it the value of the Pound. Despite the current uncertainty clouding the UK economy, the Pound did find some support following better than expected Manufacturing data. With Unemployment falling, it has allowed the pound to gain something of a foothold against the single currency but its current standing remains fragile...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR Ends the Day on a Low (Ben Fletcher)

Having started the day just breaking into the 1.09’s the GBP/EUR has spent most of the afternoon slowly declining down to the low 1.08’s. There had been optimism at the end of last week that we may have moved back to the 1.10 level this week however that now looks a stretch too far. Tomorrow the day starts with a whole raft of Purchasing Manager Indexes for the EU and individual nations. This data provides an indication into the business confidence and like previous months...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR Forecast – Where Next for the Pound? (Matthew Vassallo)

Sterling found some support against its Euro counterpart during Wednesday’s trading, with GBP/EUR rates moving back above 1.08. The Pound has hit a high of 1.0885 this morning, before retracting slightly ahead of the release of the Eurozone Unemployment Rate at 10am. With a figure of 9.1% unemployment predicted and likely factored into the current Euro value, we can expect additional volatility on GBP/EUR rates later this morning if the official figure is released varies. Those clients holding Sterling should be looking at this improvement as...
Pound to Euro forecast How could the latest Brexit extension affect Sterling exchange rates?

Sterling Makes Major Gains Against The Euro (Ben Fletcher)

Today the GBP/EUR rate has gained a cent and a half from yesterdays low, showing the biggest improvement for Sterling in a day for since the beginning of July. The Pound has been under constant pressure from a performing Euro which appears to have come under very little pressure, with Eurozone financial leaders very optimistic for the near future. Tomorrow there could be another volatile days as we see the latest inflation data being released for the Eurozone in the form of Consumer Price Index....