GBP EUR Exchange Rate: The Week Ahead August 15th

Sterling Exchange Rates Find Support after Recent Slide (James Lovick)

The pound has finally found some support against most of the major currencies after a slide lower over these last couple of weeks. Overall Brexit concerns are still keeping the pressure on the pound and these are not going to clear up any time soon. Positive developments like this for sterling exchange rates are welcome all things considered. GBP EUR is rising for the second day running although this is not so much of a sterling story but rather as a result of some negative...
GBP USD Exchange Rate: The Week Ahead October 24th

Sterling flat to start off the week – Mario Draghi speaks this evening, Mark...

So we have seen a fairly flat start to the trading week for Sterling exchange rates but we have plenty for the market to feel off of in the next few days. This evening Mario Draghi, head of the ECB (European Central Bank) speaks and usually investors and speculators hang off of his every word so expect a little volatility for the Euro before we arrive back on the trading floor tomorrow. Speaking of speeches and central banks - Mark Carney (Governor of the Bank of...
GBP USD Exchange Rate: The Week Ahead October 24th

Quick update – HSBC feel Sterling may still get ‘smoked’ Sterling weakness ahead?

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Sterling Euro rates continue to slide and will the Bank of England cut rates...

Sterling Euro exchange rates have continued to move lower during this morning's trading session as the rumours are increasing that we could see an interest rate cut at this Thursday's central bank meeting. Bank of England governor Mark Carney has recently suggested that an interest rate cut may be coming as well as an additional stimulus of Quantitative Easing by as much as £250bn. If the Bank of England does cut interest rates at this Thursday's meeting then I would expect to see Sterling fall even...

Sterling set to hobble into the weekend, can the US save the say for...

Sterling has taken a U-turn in the last 6 days of trading, with Euro and Dollar buyers alike being dragged back from the tempting multi-month highs established from the middle of May. Regular readers of this website will be well versed into how this turnaround has occurred. A dramatic narrowing in the gap for the polls now confirmed by multiple polling companies has now left the election result very uncertain. With the stakes heightened for this election due to the upcoming commencement of the Brexit...

STERLING SPIKING – Opportunity

Sterling exchange rates have been very changeable this week with opportunities present.  I think all are aware that the general trend for GBPEUR levels have been negative making buying foreign currency more expensive.  This has been driven by a number of factors including the BREXIT, the slowdown in the UK and indeed the ever improving economy in Europe.  This negative trend is widely expected to continue generally making buying the euro more expensive.  In a similar way that we saw rates of exchange drop...

Stronger week for the pound, will it continue? Getting the best deal on your...

Sterling exchange rates have a had a stronegr end to the week continuing in from Wednesday's strong surge. On Wednesday the Bank of England minutes indicated that the nine members of the Monetary Policy Committe (MPC) of the central bank all voted to keep on hold quantitative easing (QE), leaving levels at £375bn for now. This came as a big surprise to the market particularly as June's meeting was a 6-3 split - with three members voting to extend. Has Mark Carney's influence as...
GBP USD Exchange Rate: The Week Ahead October 24th

UK GDP Figures Halt the Pound’s Rise (Matthew Vassallo)

The Pound’s recent rise came to an abrupt end this morning, following the release of the latest UK Gross Domestic Product (GDP) figures. The official reading came out at 2%, which was under market expectation and the Pound immediately lost value as a result. GBP/EUR dropped back to 1.3131 at today’s low and despite the recent improvement, I still feel the Pound remains in a fragile state. The markets seem to be moving off rumour as much as fact and with the upcoming referendum likely...

GREEK UPDATE – What would happen to the Currency Market – Seven Year High

GBPEUR levels remain unsettled this week as everyone is waiting for news on the future of Greece and their bailout.  The market is very wary and there are a number of potential outcomes but most are expected to change rates quick widely. If they leave the Eurozone it is likely to bring with it a prolonged period of Euro weakness. It is written in laws across the Single Currency that the Euro is forever, if it is not it puts the whole system at risk...
Pound to Dollar Rate Supported by UK GDP Data

February is a very important month for the pound!

February is a very important month for sterling because we will get the latest news on the UK's Referendum information and the Bank of England Quarterly Inflation Report. The pound has been sold because of worries over the EU Referendum or 'Brexit', at this point we know very little hence sterling being on the backfoot. Sterling should react to the latest news on this event with interest, February could bring with it three key points. 3 Key Points due  on the Brexit in February which will...