GBP EUR Exchange Rate: The Week Ahead October 31st

What to expect for Pound vs Euro next week

Sterling Euro exchange rates have remained in a very tight range during the course of this week and although we have seen a lot of movement against a number of different currencies the GBPEUR pair has hardly moved over the last few days. During the middle of the week UK inflation data showed a fall to 2.4% and this means there is less evidence to support an interest rate hike in the near future and this has caused the Pound to struggle against the single...
Sterling on shaky ground

GBP/EUR rates dependent on UK economic data and EU politics this week

So far the week has been fairly flat for GBP/EUR exchange rates once, but there is plenty of economic data due out over the next few days that should create some volatility. Tomorrow we have the release of U.K inflation figures  along with a flurry of data from the Eurozone as the morning progresses. Inflation in the U.K is expected to have dropped off a little, from 2.5% to 2.3% and this may result in a drop in the value of Sterling against the Euro if...
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...
GBP EUR Recovers from Early Losses on EU Trade

GBP EUR Strength – Will Rates Hit 1.15?

The pound has rallied against the Euro taking rates for GBP EUR to a high of 1.1451 today. The pound has actually seen a poor day against all of the major currencies the exception being the Euro. The pound has been supported against the Euro after positive employment and average earnings data performed well. Unemployment remains at 4.2% which sits at a 42 year low whilst average earnings overtook inflation, something the Bank of England has been very keen to see happen. After the bank...
GBP EUR Higher After French Economy Shrinks

Has GBP/EUR already hit its 2018 high, and what factors could drive its value...

The Pound to Euro exchange rate is currently trading around the 1.14 mark, after seeing a slight boost yesterday off the back of some positive data. After beginning yesterday's trading session closer to the 1.13 mark the Pound was boosted when the Office of National Statistics (ONS) announced that UK unemployment sits at the record low of 4.2%, and that wage growth in the UK has outpaced the rate of inflation for the first time in a year. Despite this positive data the Pound to Euro...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBPEUR remains range bound in the 1.13s

This morning the UK released their latest average earnings numbers and Europe released their latest GDP numbers and both economic data releases met the expectation. Due to there being no surprises GBPEUR exchange rates have remains fairly flat throughout the day. If anything the pound has made some minor gains against the euro and you could argue the fall in European production is the reasoning for this. GBPEUR exchange rates have been gradually falling over the last 2 weeks since Governor of the Bank of...
Euro Trades Below $1.08, Triggering Options Markets to Flash Warnings

Important day for GBP/EUR exchange rates – U.K Unemployment and European growth figures the...

Today will be important for GBP/EUR exchange rates as we have the release of some key data for both the U.K and Europe which will no doubt have an impact on GBP/EUR exchange rates. First and foremost we haver U.K unemployment and average earnings figures which will be focussed on by investors, speculators and the Bank of England as economic data at present is extremely important for where we may head next with interest rates. A drop off in economic data for the U.K has recently...
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...
GBP EUR Slumps with Lower GDP Print

Will GBPEUR exchange rates rise or fall by the end of the week?

With GBPEUR exchange reaches back above 1.14, it seems like a good time for euro buyer to take advantage as I expect the pound could come under pressure on Thursday when the Bank of England announce their latest interest rate decision. The chances of a rate hike have dropped to 20% from 80% according to Lloyds and the reason for the fall is that UK economic data released last month disappointed. Retail sales, inflation and GDP all dropped significantly and recent Brexit developments are also...
GBP EUR Higher After French Economy Shrinks

Sterling Weaker Ahead of Local Elections

UK Prime Minister Theresa May held her Brexit cabinet meeting yesterday afternoon which could offer further direction for the Brexit negotiations and hence the pound. The issue of the day is whether Britain should remain part of the customs union with the EU. Brexit negotiator Oliver Robbins is trying to steer the government towards a customs partnership that would keep some of the benefits of the single market although members of the cabinet are unlikely to vote in favour of this option. Overnight there has...