GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR rates at SEVEN YEAR HIGH

GBPEUR rates continue to climb yesterday following an improvement in UK unemployment figures. There are concerns still in the market including the slow wage growth seen which need to be up towards 3%-4% ideally to create extra growth in the market. Looking forward everyone is watching Europe and the Greek discussions that could change the markets significantly once a solution is found or a decision made. Other events to watch out for is UK Retail figures tomorrow which is expected to show an improvement giving the...
GBPEUR rate remains steady as markets await the Autumn Budget

Euro confidence dropping

Regular readers will be aware of the building pressure on Europe to resolve and create a long term relief package for Greece and Spain. Even though these packages have already been created both have yet to be confirmed. In Greece’s situation they are still struggling to abide by the financial program to manage their debt. They are expected to again ask for an extension to accept the changes. In Spain, even though the bond program has been signed off, Spain is yet...

Sterling pushes through 1.22 (Mike Vaughan)

Sterling has ended the week and month on a positive note pushing through 1.22 creating some good buy opportunities for the Euro. Next week could prove very voilaitile as is often the way for the first trading day of the month. For this reason it is important to keep yourself updated with the current market trends. Should you have an upcoming bank to bank money exchange to arrange and you would like assistance with your transfer then please get in touch. When making your decision about...
Pound to Euro rate Could next month's Brexit deadlines result in some volatility for GBPEUR rates?

Brexit Talks key to GBP/EUR Levels (Daniel Johnson)

GBP/EUR- 1.15 seems to be a Resistance Point GBP/EUR has been fluctuating between 1.12-1.15 for some time. The absolute peak has been just above 1.15 and has only been available for small windows. It soon retracts which could be attributed to profit taking. One of the key factors on GBP/EUR at present is Brexit Negotiations. The uncertainty surrounding talks is keeping Sterling anchored below 1.15. If we have further clarity on how talks are progressing expect the pound to strengthen. There has been good news of late with...

Bank of England Interest Rate Decision (Tom Holian)

The Bank of England has voted the same for the last 35 months in a row with a 9-0 vote in favour of no change. However, there have been recent signs of an interest rate rise coming sooner than the market currently expects. If the announcement due shortly shows any change I think we could see a big positive movement for Sterling exchange rates against the Euro. The European Central Bank interest rate decision is due at 1245pm and with inflation still running worryingly low I...
ECB interest rates and Brexit update

GBP EUR Rates Fall on Political Uncertainty

The pound has dropped sharply in afternoon trade with rates for GBP EUR falling to a low of 1.1136. The edited documents in British politics which highlight the impact on Brexit on 58 different sectors appear to have been watered down for other politicians to view in an attempt to try and keep certain elements which are commercially sensitive out of the public domain. There have now been suggestions from the Labour party that the government could be in contempt of parliament if it refuses...

Will GBP/EUR Trend Continue? (Matthew Vassallo)

GBP/EUR rates have spiked again during Tuesday’s trading, pushing the pair back towards 1.41 on the exchange. With the Pound gaining market support throughout this morning’s trading it is likely the markets are factoring in the uncertainty surrounding the situation in Greece. With no agreement yet reached in terms of an extension on Greece’s debt repayment the markets may be expecting the worst, despite reports today that a deal was getting closer. Personally I feel a deal will be reached over the coming days but...

Slight GBP/EUR correction today (Joshua Privett)

The slide in GBP/EUR since the start of this week on global markets halted this morning at lows of 1.353 and rose up again gradually to breach 1.36 as markets closed this afternoon. We are essentially seeing similar market movements to what evolved last week following the events of Black Monday. China's stock market slide reverberated on a global scale, causing investors to flee into safe haven currencies. As the Euro was cheapest and has proven to be more stable recently, this was preferable. Demand...

How will the UK General Election effect GBP/EUR? (Daniel Johnson)

Will the Election cause Sterling weakness? Theresa May announced a snap election to take place on 8th June. Historically a snap election would cause the currency in question to weaken, however on his occasion we saw the opposite occur. Following the announcement Sterling strengthened over the Euro. It is important to remember the market moves on rumour as well as fact. It was a shrewd move by May to announce the election while the opposition is so weak. Due to the conservatives clear lead in...
ECB interest rates and Brexit update

MPC Vote 8-1 Against Rate Hike (Daniel Johnson)

The Bank of England today voted against a rate hike as predicted. More interesting however is how the monetary policy committee voted. Ian  McCafferty stayed strong however and kept to his guns voting for a rate hike despite below par export and GDP figures. Sterling did see a spike after the news and saw GBP/EUR move to 1.38. The Euro has rallied back since and is currently threatening to break into the 1.36's . 1.38 is again seeming to be the resistance point. Trade Strategy If you...