Exchange Rate Forecast – Best Rates of Exchange ( Andrew Bromley )

Sterling has had a recovery from its mini crash, as it has repatriated itself in the 1.27 region. The poor manufacturing data released on Monday and Tuesday had pushed the levels down from at a peak 1.2910 to 1.2690 yesterday. This was all happening whilst the Eurozone essentially anounced a negative level of inflation - deflation! This will be looked at under a microscope as on 21 st of the month the Eurozone Central Bank meet in Frankfurt to agree their ongoing Financial Policy....
EUR GBP Moves Higher Ahead of UK GDP Update

How to get the best exchange rates on GBP/EUR? (Matthew Vassallo)

UK Unemployment Figures Fall The UK economy was given a further boost today following the release of the latest unemployment figures. Although unemployment only fell by 5,000, the sentiment was positive and this continued the recent run of better economic data. It is this data that will shift market sentiment and give investors a clear indication of how that particular economy is fairing. We are now seeing a more consistent run of data in the UK, which is slowly bringing market confidence back to the Pound. Whilst the...
GBP/EUR exchange rates creep up over the course of the trading week

Eurozone crises chapter ??? – Where will GBPEUR news go

GBPEUR rates took another tumble today as the possibility of a Spanish bailout got greater. This is after another meeting between international finance ministers. The market assumption is that over the next 2 weeks there will be a press conference stating that the Spanish will receive somewhere between €80-€100 billion from the European stability fund. As the likelihood of the bailout gathers pace, going forward I feel the euro will strengthen and we could see rates several cents lower than where they stand now. ...

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 Edges Higher After Recent Rates Sell-Off

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...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Return of the Euro (Daniel Johnson)

The Euro is continuing it's rally against Sterling. This morning saw below par data released for both unemployment and the average wage. This saw GBP/EUR drop to a day low of 1.3785. The Budget caused little movement and we currently sit at 1.3801. I feel it is still a good time for Euro purchasers to move with the general election around the corner, Sterling weakness is practically a certainty. Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take...
Pound to Euro Exchange Rate with UK Election Heating Up

Save money when buying Euros (Tom Holian)

When buying Euros it is important that you make sure you use a currency broker compared to using a bank as the exchange rates they can offer you can be as much as 4% better. This is very important when transferring sums for property purchases on the continent or sending money overseas for large purchases. The service of a currency broker is aimed primarily at private individuals who are often offered low exchange rates and high fees by their own banks. If you need to send money...
GBP EUR Edges Higher After Recent Rates Sell-Off

GBP/EUR rates as Greek bailout now fully implemented (Joshua Privett)

Finally Greece will be receiving the funds they have negotiated, haggled and recently jumped through hoops for. The German Parliament has now ratified the Greek bailout as they have implemented the austerity reforms required of them. This was the last hurdle for Greece in receiving the first instalment of their €86bn bailout. €13Bn Euros will now be wired over to allow Greece to repay it's debts and keep the country afloat while they continue their recovery. This first tranche is expected to last them until...
GBP AUD Sees Strong Gains After BoE Rate Hike

Bank of England keep rates on hold which causes the Pound to fall against...

The Bank of England confirmed yesterday that they would be keeping interest rates on hold and the vote was split 7-2 in favour of keeping interest rates the same. The Interbank level fell from 1.1450 to 1.1380 minutes after the announcement as some now feel that an interest rate hike may be a long time away from coming. UK GDP data which came out a fortnight ago showed growth was at just 0.1% for the first quarter and this was one of the principle reasons for...
The Pound Continues Its Fightback

What impact does Greece’s debt repayment have on the currency markets? (Dayle Littlejohn)

Tomorrow Greece have their next debt repayment of €300m to the IMF. I'm of the opinion that a deal has already been struck and this is the reason for a 5 cent drop since Monday. If Greece announce tomorrow they have come to an agreement I expect GBP/EUR to continue to drop. If I was buying euros in the short term I would look to trade as soon as possible where as if I was selling euros I would wait until the Greek announcement tomorrow....