Euro falls on Growth outlook and Spanish aid uncertainty (Steve)

There is yet another round of meetings taking place this week with expectations that Greece and Spain will be the main topics for discussion. The Euro over the last 12 months has had a range of over 15 cents and you can see why as the political mess creates a high level of uncertainty for buyers and sellers of the euro. The Spanish economy minister said this weekend that he felt “extremely comfortable” with his country’s ability to fund itself through the rest of the...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Brexit Date and UK Economic Data – Pound vs Euro rates (Tom Holian)

Prime Minister Theresa May has set out guidelines for the UK's date and time to leave the EU in law and claiming that she will not 'tolerate' any potential plans to block the Brexit. May has claimed that the EU Withdrawal Bill will be formally changed on Friday 29th March 2019 and as we are already almost 6 months into the discussions this is a clear line in the sand by Theresa May. This means that the government are absolutely committed to pushing through Brexit but...
Pound to Euro exchange rates: Could we be headed for a no deal Brexit?

GBP/EUR vulnerable to month and quarter end flows in next two days

Sterling has remained fairly range bound over the week so far, with very little in terms of economic data of note due out as we head towards the end of the calendar month and indeed the end of the quarter. We do have some growth (GDP) figures for the U.K tomorrow which will show how the economy has performed recently but unless they are drastically different from analysts expectations then I personally do not expect to see this data causing too much in the way...
Pound exchange rates up following positive Brexit news

Will the Brexit talks go well in March and the impact on GBPEUR exchange...

The Pound vs Euro has had a strong week so far after the news surrounding Brexit from Europe came out a little more positive than what we have seen recently. The Pound jumped after rumours circulated that the EU is looking at preparing a document outlining more flexibility with the talks between the UK and the European Union. With phase 2 of the Brexit negotiations due to start next month this came as welcome news and caused GBPEUR exchange rates to rise to the best rate...
pound to euro forecast Best time in 4 months to sell Euros for Pounds

GBP EUR Reaches Fresh Highs – 1.16 in Sight

The pound has rallied to fresh highs against the Euro with levels for the GBP EUR pair trading just below 1.16. There is currently an excellent opportunity for those clients looking to buy Euros with some of the best levels seen in the last 9 months. The mood on Brexit is feeling considerably more optimistic and the fact that key figures from with thin the EU and notably from Germany have signalled that London will still remain the financial centre for the EU are in...

Could the Netherlands drop the Euro? (Tom Holian)

Dutch politicians have recently voted to hold a parliamentary enquiry to discuss its membership of the Eurozone and its use of the single currency. There appears to be more scepticism towards the single currency and when you think we have already had the Brexit vote of last year could we be seeing s shift in the power towards more populist parties? The Dutch are due to go to the polls next month and the French will begin their process in April and it appears as though Marine...

GBP EUR Rallies Towards 1.14 (James Lovick)

The pound has seen a volatile period after making good gains this week against the Euro. GBP EUR now sits at 1.1344 ahead of industrial and manufacturing production figures released tomorrow. The data has performed well in recent months as a result of the weakness in the price of sterling which is of course good news for British exporters. The November figures are expected to show a jump higher on Octobers data which could help see the pound rally on the back of a...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

Pound hits the highest rate to buy Euros since early November (Tom Holian)

The Pound has continued to make gains during the course of this week against the single currency as the news from the behind the scenes concerning the Brexit appears to be going a lot more positively recently. Rumours are rife that the UK are preparing to offer approximately €50billion Euros as part of a settlement called the divorce bill in order to take the trade negotiations forward. The next meeting is due to take place in the middle of next month and top of the agenda...
GBP/EUR forecast - ECB Meeting and EU Summit to take centre stage today

ECB’s inflation concerns weaken the Euro, will GBP/EUR manage to breach 1.13 anytime soon?

The Pound to Euro exchange rate breached 1.13 today before falling back into the later 1.12's. Some bearish comments from European Central Bank (ECB) President, Mario Draghi first thing this morning put the Euro on the back foot throughout the day, although it does appear to have some support around the 1.13 mark. Draghi stated that there needs to be further evidence that inflation dynamics are moving in the right direction before the ECB will consider ending its extensive quantitative easing programme which appears to have...
Pound vs Euro rates UK and Eurozone economies facing crisis of confidence

Brexit talks dictate GBP/EUR levels (Daniel Johnson)

Davis and Barnier loggerheads We have seen GBP/EUR fall following poor economic data releases from the UK and also negative comments from Michel Barnier in regards to Brexit negotiations. We have seen since Stelring rally back to 1.13 in this afternoons trading. GBP/EUR will be largely dictated by the progress of phase two Brexit talks. David Davis, the UK chief negotiator and EU chief negotiator, Michel Barnier are at loggerheads. Davis has accused EU services of advising UK businesses to leave the UK or risk losing...