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GBP/EUR continues to trade at annual low with BoE meeting in focus in week

In the early hours of this morning, the Pound to Euro exchange rate hit a fresh annual low of 1.1385, which is the lowest level the pair has traded at in close to 20 months. The weak start to this week’s trading follows on from a 1.25% drop last week, after Friday’s sell-off pushed the Pound lower off the back of some concerning economic data for the UK. UK Retail Sales were expected to have dropped by 0.5% in August, but data released on Friday showed...

US Inflation figures give Dollar a huge boost in Tuesday’s trading

The Dollar has had a really positive day of trading against both Sterling and the Euro, with a gain over 1% against both during the Tuesday trading session. This is mainly down to higher than expected inflation numbers, overall CPI (Consumer Price Index) figures were released at 8.3% as opposed to expectations of 8.1% and given the Federal Reserve’s robust stance on interest rates this has heightened the chance of further aggressive rate hikes in the months to come. For those that are not regular readers...
A Rollarcoaster Week for GBP EUR - Weekly Review June 18th 

Will the pound keep rising against the Euro and when is the best time...

The pound to Euro exchange rate has bounced back from the recent lows rising above 1.16 and making a brave challenge for 1.17 in the last 24 hours. Some fresh confidence that finally, the British government is going to do something about the awful cost of living crisis facing the UK has seen investors take advantage of the recent lows of sterling and buy in some speculative positioning. It might be argued that all this has done is stem the tide of a majorly depreciating...

Pound jumps on expectations that Liz Truss will announce huge economic plan – Sterling...

The pound has struggled to find many positive days in recent weeks, however, over the course of this morning we have seen sterling exchange rates creep up against all major currencies. The majority of this can be put down to a minor shift in sentiment and that investors and speculators alike appear to have some confidence behind the expected economic plans being muted by new Prime Minister Liz Truss. Expectations are for an economic package of £130 Billion to be announced in due course which would...
Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...

Will the pound to Euro rate rise or fall on the German election?

Expectations for the Euro are that it could well rise further on the back of the German election but of course there are no guarantees of what lies around the corner. We did expect the pound would rise on the back of the UK election but it did in fact fall and there is always this kind of element of risk with any political situation no matter how likely or unlikely an outcome is. Therefore if you are selling Euros and hoping the pound will...

Will GBEPUR remain above 1.10?

The pound to Euro rate has risen against the lines of expectation as we witness the UK Inflation level rising which puts pressure on the Bank of England to raise interest rates. Personally I do no think that the BoE will actually raise rates and tomorrow's Interest rate decision meeting will be crucial to understanding the likelihood of this happening. All in all there is an expectation that Inflation will continue to rise and this should put pressure on the Bank to raise interest rates,...

GBP EUR Rates after ECB Meeting

The pound continues to remain under pressure against the Euro for the two principle reasons of Brexit and a strong Eurozone economy. Brexit remains the single biggest driver for sterling exchange rates and the lack of clarity over where it will end up is keeping sterling at bay. The Great Repeal Bill is being debated in parliament and will be voted on at midnight on Monday next week. This is crucial in terms of getting the legislation through to avoid any legal cliff edge...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

ECB decision fails to inspire the Euro

The European Central Bank (ECB) has today confirmed the expected news that yes ultimately they will be looking to taper their QE program. There is a strong belief that the ECB will in the future withdraw the stimulus that they have been injecting into financial markets which have been essentially propping up the Eurozone. With high unemployment and low growth the ECB were forced to act, is now the right time to be scaling back though? In essence the ECB have been very positive today...