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

Tomorrow’s UK Retail Sales Figures Could be Key (Matthew Vassallo)

GBP/EUR rates have remained flat during Thursday’s trading, as the markets continue to digest yesterday’s Bank of England (BoE) minutes and UK unemployment figures. The BoE minutes give us a key insight to their most recent policy meeting and the latest release showed that all nine members voted unanimously to keep our base interest rate on hold at 0.5%. There was also no change to our Quantitative Easing (QE) programme, which should help to reinforce the feeling that the UK economy is continuing on...
GBP EUR Exchange Rate: The Week Ahead June 12th

Could Proposals from Greece be Accepted by the End of the Week? (Daniel Johnson)

Leaders of the Eurozone have welcomed new proposals for reforms in Greece. It looks as though there may well be a deal in place to stop Greece defaulting in the coming days.Greece are set to pay €1.6bn to the International Monetary Fund (IMF) by the end of the month. If it is not met, Greece may well leave the Euro which could be catastrophic for the single currency.German Chancellor Angela Merkel has stated the Greece’s latest proposal constituted “some progress but time is short”. The...
GBP/EUR Exchange Rate: ‘No Deal’ Brexit Threat Set to Tumble Pound Sterling

Sterling Euro close to the best rate this year – What will tomorrow bring?

GBP/EUR exchange rates are now close to the best levels we have seen so far in 2017. This is due to a number of positive economic and political data releases so far this week and we still have more to come too. On Monday we had news that the EU and U.K had potentially come up with an agreement on a transition period which was seen as positive by the markets. Yesterday we had inflation data out for the U.K and this morning we had news that...
GBP EUR Slumps Despite Higher UK Employment

Euro Strengthens and 1.37 on markets once more (Joshua Privett)

Positive inflation data for the Eurozone ended a saga of deflation that most were worried would evolve into a downward spiral of economic activity similar to that of Japan over the past 20 years. Prices were increasing so demand must be up which signals that the economy was improving. Yet the effect of this positive data was dwarfed and exaggerated by the news coming out of Greece. The markets reacted well to a more proactive stance by Greece, offering their own reform plan to creditors...

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...
GBP AUD Opens the Week in a Well-Worn Range 

GBP/EUR rates see net gain following US interest rate hike (Joshua Privett)

GBP/EUR exchange rates were all over the shot yesterday both before and after the 19:00 deadline for the US FED to release their interest rate decision. This ended up as the first time that a major Western economy has raised rates since the financial crisis, which explains why the ripples throughout the currency markets saw movements similar to that of a YO-YO.  Before the decision rates moved as high at 1.385 before tumbling down to the low 1.36's and then sharply recovered back up to...
Brexit vote

Sterling Euro yo-yos at 1.20 (Tom Holian)

Sterling Euro exchange rates have spent the day trading both above and below 1.20 on the Interbank level as market data appears thin on the ground. It is as if neither currency is prepared to make a move against eachother and staying in a short term bound level between 1.1980 and 1.2020. Recently the UK growth forecast was raised by the Chamber of Commerce for 2014 and 2015  and this helped to keep the Pound at these levels. Last week the Eurozone upgraded its own...
GBP EUR Exchange Rate: Weekly Review July 16  

GBP/EUR best rates of exchange before the end of 2015 (Stephen Eakins)

GBP/EUR has been on a continuous slide since the news yesterday that an interest rate hike in the UK was now completely off the table until 2017. After starting Thursday at 1.42, rates cannoned down to 1.38 by Friday morning. So the impact on Sterling following the announcement was immediate and sharp, and more is expected to come.  Companies and individual investors will now be looking elsewhere for short-term returns on their capital - most likely the US economy and the US Dollar, who are poised...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP-EUR – Economic Data to Take Over Once More as Market Driver

Whilst the concerns of the Eurozone's implementation of Quantitative Easing this month, as well as the uncertainty presented to Markets by Greece will continue in the background, economic data should be what drives rates for the rest of the week. Before Thursday data may present better opportunities for Euro sellers to take advantage of. Mainly the Eurozone Retail sales at 10.00am. When Quantitative Easing begins to move ahead at full steam soon, with a target of increasing inflation away from the current lows, prices will...
GBP EUR Exchange Rate: Weekly Review July 16  

UK unemployment strengthens the Pound! (Dayle Littlejohn)

GBP/EUR rates of exchange hit further highs today as a result of strong unemployment figures for the UK economy. Unemployment fell to its lowest levels since 2008 which is why GBP/EUR is back up close to multi-year highs. Today the Bank of England Forum, where the heads of various international Central Banks were speaking was expected to cause significant movement on the markets as hints would be given about future financial policy. Instead it was used as a political platform for the UK remaining in the...