Will the Pound to Euro rate go up or down?
Will the pound or Euro go up or down in the coming weeks or months is a very valid question as there are so many upcoming events to move the rates. I would predict a range of 1.13-1.20 in the coming weeks as we get answers to some very important questions over Brexit and European affairs. If there is one thing the currency markets are not fond of it is political uncertainty. Markets can just about digest economic uncertainty as investors are used to assessing...
Pound Sterling Forecast for the week ahead (Tom Holian)
Pound Sterling exchange rates have now hit their lowest level to buy Euros since May 2015 creating some excellent opportunities to sell Euros into Pounds.
UK industrial production data showed the biggest fall for 3 years and with the Bank of England confirming an 8-1 split in favour of keeping interest rates on hold this has caused the Pound to fall across the board.
UK inflation data is published on Tuesday with expectations for 0%.
If the data is worse then this could further weaken Sterling and...
What will happen to Sterling exchange rates this week? The Great British Brokerage...
The Pound has yet again had a torrid start to the week and appears to be finding that it has very few supporters out there at present.
Sterling exchange rates have dropped off against every major currency and with very little economic data out this week until Friday it is hard to see where the catalyst for the fight back will come from.
The markets are kicking the Pound whilst it is down and you can see why... if you were a big investor due to...
Eurozone Economic Data comes in as expected (Joshua Privett)
A surprisingly quiet day on the currency markets today, something we have not been used to in recent months. Many market participants were found to be twiddling their thumbs, as Eurozone GDP figures came in at 0.4% growth for the year as expected. Without any surprises, investors are still waiting to hear on the Greek bailout decision when the leaders meet tomorrow.
As the post below notes - 6 out of the last 7 days (now 8) Sterling has lost ground against the Euro precisely...
Sterling shrugs of Bank of England comments
Sterling has risen against most currencies this week despite comments from the Bank of England that interest rates could be on hold well into 2017. The fact is the UK is from an investors point of view a very attractive country to be investing in with some very solid long term growth prospects and increased chances of an interest rate rise at some point in the future. Contract this to other options like for example the Euro. The Eurozone are still riddled with fears...
UK GDP Figures Positive for the UK Economy (Matthew Vassallo)
It’s been a busy morning for the currency markets following the release of the latest UK Gross Domestic Product (GDP) figures. Figures showed that the UK economy grew by 0.8% in the first quarter of 2014, which marked the fifth consecutive period of positive growth for the UK economy. GDP is seen as key in determining the relative health of a countries economic growth and the improvement the UK has seen over the past twelve months are there for all to see.
However, it was...
Sterling sees further gains against the Euro as GBP/EUR breaks above 1.18, get the...
As we head towards a much needed extended weekend break the pound is continuing its mini-recovery against the Euro moving nearly 5 cents in the last two weeks. This is bringing some unexpected respite for many and creating some good opportunities for Euro buyers. I do also feel those selling Euros should still look at the current levels as an opportunity. Taking a look back across the last two years trading the average price for GBP/EUR sits at 1.195 so you are still ahead...
How will UKIP affect sterling?
UKIP continue to make gains in polls and are certainly likely to be a thorn in the side of the more established parties, indeed they already have been. But is this more a reflection of the tough times ahead for the UK (and the pound) or a flash in the pan protest vote?
UKIP have the power to severely undermine confidence in sterling. there is tremendous uncertainty posed by a party with no solid economic idea from what I have seen. Aside from promising to...
Pound Sterling Information – A good end to the week for GBP? What may...
The pound has had a mixed week again, gaining ground against the Dollar and the 'riskier' currencies such as the Australian Dollar, New Zealand Dollar and South African Rand yet finding it tough against the hard to knock down Euro.
With the once again increasing speculation of a fully blown Spanish bailout due to numerous areas within Spain needing assistance of late I would have thought the Euro would have experienced a tough week yet we have seen quite the opposite - Personally I feel...
Pound to Dollar forecast: Are we closing in on the end of the US...
In today's Pound to Dollar forecast I discuss reports over the past few days of an increased potential of a trade agreement, or at least a truce to be agreed by leaders Donald Trump and Xi Jinping.
U.S Treasury secretary Steven Mnuchin spoke to CNBC earlier in the week and commented that he felt that a trade deal was 95% complete. However, we also need to be cautious that this final 5% may well be the large sticking points and enough to not see progress.
For...
