GBP USD Exchange Rate Bounces Off Yet Another Two-Year Low

Sterling report and forecast against Dollar Euro and Australian Dollar

GBP/EUR –  There is every chance that September could  prove to be a defining month for the Euro and may provide us with a clearer  indication of the next significant move for this currency pair. With the Spanish  banking system in need of potential further bailouts, it is the handling of this situation  and the repercussions of any further monetary assistance, that could prove  pivotal to one of the EU’s largest economies keeping its head above water. We  also have Greece coming under the spotlight once again and...

GBP Forecast – Market Confidence in the UK Economy Remains Minimal (Matthew Vassallo)

Those clients with a Sterling currency exchange to execute, should be keeping a close eye on this morning’s Unemployment data and Average Earning’s figure. The UK’s official Unemployment rate fell last month, coming out below the markets expected figure at 4.2%. This along with Average Earning’s increasing, was one of the last positive data releases for the UK economy and those clients holding GBP will be hoping for a similar improvement this month. The Pound has struggled of late, with market confidence evaporating in the UK economy,...

Buying Euros at 1.20 to the Pound?

If you are looking to buy Euros at 1.20 to the pound then today is the day to call.  The Euro exchange rate has weakened dramatically again following fears over European banks ability to raise credit as borrowing costs soar due to the Euro zone crisis.  To see levels any higher than this you would have to go back into 2010 so if you are looking to buy Euros at 1.20 or better (obviously it depends on volume and the market rate at the...
GBP EUR Exchange Rate: Weekly Review July 16  

Pound sterling forecast quoted in the Daily Mail today!

You can read the full link here. If you have any currency transactions to undertake and wish to learn the forecast please contact us. We primarily specialise in handling larger currency transactions (GBP 10k and upwards) but do hope our loyal readers and Daily Mail readers alike find our information useful! Jonathan [email protected]  
GBP EUR Exchange Rate: The Week Ahead August 15th

US Jobs Data strengthens the US Dollar vs Sterling but for how long? (Tom...

The Dollar has strengthened during the end of the week vs Sterling following the very positive jobs data which came out yesterday afternoon. The US economy has added an extra 151,000 new jobs taking the unemployment level for the US down to just 4.9%. This is now at its lowest level since 2008 and the average hourly rate has also risen. The good news is that for Dollar sellers the recent weakening which happened earlier in the week has now reversed. However, the amount of new jobs...

Can The GBP/EUR Rate Climb Back to 1.10? (Ben Fletcher)

Sterling appears to have held the gains made against the Euro on Wednesday and the question is could there be more rises? Yesterday the third round of Brexit talks took place and it appears the UK negotiating team have gone onto the front foot claiming that the EU figures are fantasy and they wont be blackmailed. International Trade Secretary Liam Fox has suggested that international businesses are becoming frustrated with the lack of focus on a trade deal with the EU so committed on...
GBP USD Exchange Rate Falls Amid Murky Economic Backdrop

Poor UK Retail Sales Halt the Pound’s Rise (Matthew Vassallo)

The Pound has trended on an upward curve against the EUR recently, with GBP/EUR levels creeping back towards the high’s we saw in the summer. This positive move was accentuated earlier this week following better than expected inflation data for the UK, which helped boost GBP/EUR levels up to 1.43. This was particularly poignant as low inflation has been one of primary concerns for the Bank of England (BoE) over recent months and although it is not at their target level of 2%, it...

What will Super Thursday bring for the pound?!

The pound is looking like it could be in for a very busy day as we have the all-important Super Thursday decision at 12 with the latest UK Interest rate decision, Meeting Minutes and the Quarterly Inflation Report. If you have a transfer to consider then making some plans in advance or around this transaction is vital as this could be the most important event for the pound this month. The tone on today’s meeting should definitely set the flavour for the pound for...

Getting the best deal on your foreign exchange. Currency market update (Mike Vaughan)

On what is a relatively quiet day for the pound other data sets to take not of include the following: -          Euro Zone Consumer Price Index (inflation figures) 10:00 -          Euro Zone Unemployment data 10:00 -          GDP data from Canada at 13:30 The main focus for GBP/EUR buyers will be the inflation figures with many experts concerned about the threat of deflation should the figure creep closer towards 0% (currently sits at 0.8%) then look for Euro weakness. The consensus is for a slight upward move of 0.9%...
GBP EUR Exchange Rate: The Week Ahead August 15th

Could Pound Sterling go lower against the Euro and the US Dollar (Tom Holian)

We are now just over 2 weeks since the recent vote by the British people to leave the European Union. In a vote that shocked the bookies and the financial markets this has caused Sterling to fall by over 20 cents against the US Dollar and 16 cents against the Euro since the vote. This is great news if you're selling Euros or US Dollars to buy Sterling but not so positive if you're sending money to Europe for your living expenses or buying a property...