Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Sterling Exchange Rates To Change On Inflation Tomorrow

Sterling exchange rates are likely to alter significantly tomorrow morning at 9.30 dependant on how high inflation is running in the UK- if inflation is rampant then some of the Doves may be forced to grow talons and be pressed closer to a rate hike over the summer- a move that could be positive for the Pound.  The pound did fight back a little from the early morning lows but made only slight headway against the Euro, but did a lot better against the...

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...
GBP EUR Exchange Rate: Weekly Review July 16  

Is now a good time to buy Euros? (Daniel Wright)

It has become quite clear that with only 2 days prior to the Referendum, the bookmaker’s odds of a Brexit are currently playing a huge part in Sterling strength. Investor confidence in a Remain is growing and Sterling is rallying against a number of major currencies. But let’s be clear, rates are volatile and although we are seeing an uptrend throughout the early hours of this morning, caution should be exercised as we approach Thursday’s historic event. We only need to look at trading yesterday to...
GBP EUR Exchange Rate: Weekly Review July 16  

GBPEUR showing signs of weakness once again? (Joseph Wright)

After disappointing yesterday the GBPEUR currency pair have once again begun the day poorly, with the pair down over 0.5% at the time of writing. The Pound dropped yesterday against most major currency pairs after both Industrial and Manufacturing data came out worse than expected, with factory output falling to its lowest level in 3 years. These disappointing sets of data don't bode well for Sterling moving forward when we consider that the EU Referendum is now just 42 days away. Political uncertainty usually weighs down...
Pound to Euro Exchange Rate with UK Election Heating Up

Sterling exchange rates flat ahead of speech from Carney (Daniel Wright)

The Pound has started the day of looking fairly flat ahead of both a financial stability report for the U.K and a speech from Mark Carney (Governor of the bank of England) where he is expected to comment on the problem of the house price bubble. Carney was fairly well known in Canada for taking action on house prices by putting limits in place for mortgages so should he move to do something similar over here then we may see the Pound drop off a...
The Pound Continues Its Fightback

GBPEUR rates fall!

Much lower than expected Manufacturing PMI today has knocked confidence for the pound and raised some fresh fears of just how solid the UK's economic recovery is. I would expect the pound will remain reasonably well supported by the scope for further losses appears fairly certain. The market has been pricing in excellent UK data and the rates have so far been looking very favourable for anyone selling GBP to buy a foreign currency. The Euro has also fared well as US data slightly disappointed...
GBP EUR Exchange Rate: Weekly Review July 16  

Sterling Still On The Up After Unemployment- Next Week’s Minutes Could Be Interesting (Colm...

Sterling gained a little more ground after UK unemployment figures were released this morning, backing up a very good day yesterday after the inflation figures.  All the positive news must be ramping up pressure on the Bank of England to raise interest rates, and whilst they voted to hold interest rates this month, we wont know if it was a unanimous decision until next week when the official Minutes are published.  If any member has dissented with the majority and voted to hike then...

Sterling continues to Fall due to uncertainty created by Brexit vote. (Daniel Johnson)

The pound has had a torrid time against all major currencies of late. GBP/EUR broke into the 1.12s during today's trading. I think there is potential for a further fall. There is far too much uncertainty with regards to the UK's trade deals following the vote to leave the EU. Theresa May indicated that article 50 would be triggered by the end of March would has been a catalyst to Sterling's weakness. The currency market does not react well to uncertainty and so decisive action...
GBP EUR Higher as Inflation Jumps Again

Retail Sales give Sterling Euro Rates a small boost (Tom Holian)

GBPEUR exchange rates have picked up marginally this morning after the release of much better than expected UK retail sales today. However, the longer term problem for the Pound is that we are entering the election period with less than 2 months to go which is likely to cause a huge amount of volatility for Sterling Euro exchange rates. Bank of England governor Mark Carney is due to talk shortly and this could cause Sterling to fall against the Euro as Carney appears to be very...
GBP EUR Exchange Rate: Weekly Review July 16  

GBP forecast, data that could affect the pound?

The GBP has shown a steady rise this week, hitting a one week high against the EUR with today’s commercial rate at 1.2360 and a 0.4% rise against the USD hitting a high this week of 1.6067. This data comes after the GBP hit a six week low against the USD on Tuesday with figures at 1.5914. With the GDP announcements coming out over the next few day’s investors are still cautious about buying the currency in large amounts but there is a steady...