Super Thursday results in a stronger Pound, where to now for the GBP/EUR rate?...

The Pound was boosted across the board of major currency pairs yesterday afternoon after the Bank of England delivered a far more bullish statement than many had expected. Although interest rates were held at 0.5% there was talk of the stronger than expected global economy likely to result in a more aggressive approach from the BoE as soon as this year. Financial markets are now pricing an interest rate hike into the Pounds value and it's predicted that this could happen as soon as May. There have...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Breaking News – Sterling Plummets due to “Flash Crash” (Daniel Charles Johnson)

"Flash Crash" hits Sterling hard. The pound had a rough ride through the night  following a "Flash Crash".  A"Flash Crash" is essentially a big order that goes through in a thin market, the result of which is high volatility in the market. GBP/EUR hit 1.06 and GBP/USD 1.18.The Financial Times published a report  on French President, Francois Hollande in which he demanded  a tough stance on negotiations with the UK following the Brexit vote. It is probable this was a ctalyst which caused algorithms to...
Pound exchange rates up following positive Brexit news

General Election causes Pound to fall against the Euro (Tom Holian)

Sterling vs the Euro has crashed as the election result caused a big shock for the foreign exchange markets. The fall happened immediately after the release of the first exit polls on Thursday night which showed that a hung parliament would be likely with the Tories not being able to form a majority government. Even when I saw the release of the initial poll owing to what happened during 2016 when the polls were completely wrong in predicting both the Brexit vote as well as...

Will GBPEUR hit 1.22?

The outlook on GBPEUR appears to favour the pound over the Euro and 1.22 on the interbank rate seems a real possibility. All it will take is a bit of positive GBP news or negative Eurozone news to get things moving. We could see this as early as tomorrow when we have UK Manufacturing PMI Man (Purchasing Manager's Index) data released. If you need to make a currency exchange this information will be vital to getting the best deal. Representing a snapshot of economic performance...

BoE & ECB Interest Rate Decisions Key (Matthew Vassallo)

GBP/EUR levels have spiked up during Wednesday’s trading, with rates now putting pressure back on 1.22. This move has come following positive Services PMI data for the UK, which was released this morning and showed an improvement on expectations. The Eurozone’s data was also positive, if slightly more mixed but the markets have viewed today’s data as a positive for the UK. All eyes will now be on the release of tomorrows interest rate decisions by both the Bank of England (BoE) and the European...

When should I buy/sell my euros? (Dayle Littlejohn)

For clients who are looking to buy/sell a currency its important to note that the currency markets move every second. Over the last 7 days GBP/EUR exchange rate has fluctuated over 2 cents making a €200,000 purchase over £2,000 more expensive. On the reverse if you had €200,000 to sell you would have made an extra £2,000 today compared to a week ago.  There  are two main reasons for the euro making gains against sterling 1) Finally it appears that Greece's parliament has backed a...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP EUR Falls after Weaker Manufacturing (James Lovick)

The pound has taken a tumble against the Euro after weaker than expected manufacturing numbers released yesterday from the Purchasing Managers Index. The numbers represent the third month running where the figures were not up to scratch which has helped see the pound fall lower. The numbers came out at 54.2 against expectation of 55.1 and whilst still in expansionary territory the weaker numbers do highlight concerns of a slowing down in the British economy. Clients selling Euros may see a small window of...
Pound vs Euro rates UK and Eurozone economies facing crisis of confidence

GBPEUR rates start to wobble before Quantitative Easing– Will GBPEUR climb? (STEVE EAKINS)

GBPEUR rates have stayed steady for the majority of this week even with a host of data being released globally as the working week is cut short following the Easter break.  Currently GBPEUR rates are close to a 2 month high for buying making it quite attractive but many are calculating their trade over the next 24 hours.  The key Interest rate decision and Quantitative Easing programs both in the UK and Europe are released tomorrow afternoon.  These will probably be the key releases...
Pound to euro rate forecast: Will rates rise or fall on the European elections and Brexit?

UK GDP could give the pound a boost. (Ben Amrany)

The Euro remains quite well supported despite some fears of the Eurozone crisis coming back into play via Portugal. The main driver on the Euro remains EUR/USD movements which are mainly being driven by how Federal Reserve Chairman Ben Bernanke is reacting to the extension or withdrawal of QE. With manufacturing data out of the Eurozone today we could see some gains for the Euro should the levels be positive. With Germany a powerhouse of manufacturing within the Eurozone it will give us a good...
Pound to Euro rate: Italian debt a threat to the Euro

Italian Politics and a positive end to the week for the Pound

It appears as though Italian politics are causing the Euro a problem as the Pound has shown signs of improvement and even EURUSD exchange rates are close to their lowest levels in months. Both the Italian parties the 5 Star Movement and Lega have both proposed plans to leave the EU in the future and this is clearly a cause for concern. They have also suggested that they will look to increase pensions for older Italians as well as considering a plan to create an amnesty...