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Economic announcements

Pound to Australian Dollar rate AUD makes gains against Sterling

Pound to Australian Dollar forecast: UK job market remains upbeat despite Brexit concerns

UK wage growth faster than expected The pound (GBP) rebounded from Monday’s concerning economic growth reading thanks to faster than expected UK wage growth – data that keeps alive the prospect of an interest rate rise before the year is out. Tuesday’s employment report not only showed average earnings – excluding bonus – exceeded expectations; it revealed that more new jobs were created than forecast in the three months from February to April. These figures were closely followed by the UK ILO unemployment rate figures...
Pound exchange rates up following positive Brexit news

Will the pound rise or fall tomorrow? (Dayle Littlejohn)

Over the last 6 weeks GBPEUR exchange rates have risen an astonishing 6 cents when many of the leading investment banks including HSBC, Morgan Stanley and JP Morgan predicted parity would occur at some point in 2018. To put this into monetary value for clients that purchased €200,000 today compared to three weeks ago they would have paid £10,000 less. Tomorrow UK Prime Minister Theresa May is set to steal the headlines when she delivers her life after Brexit speech. The pound has increased in...

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...
GBPCHF rates hit near 3-month highs

Sterling continues to improve against the euro

It's been a fantastic week for the pound vs euro, as exchange rates have improved 3.76% and on a £200,000 conversion clients will now receive an additional €8,180. UK inflation improved to 2.9% on Tuesday which prompted the Bank of England to announce today that an interest rate hike could occur as early as November. Personally I believe that the Bank of England have released this statement in a bid to improve sterling value to try and curb inflation rising higher as the Bank of...

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,...

Pound to Euro rate hits a 6-week high vs the Euro as inflation levels...

The inflation level in the UK rose unexpectedly in August and as a result we've seen the pound climb quite dramatically. The Pound rose against all major currency pairs with the main headlines to take away from today's price movement being GBP to EUR has hit a 6-week high whilst GBP to USD (cable) has hit a 1-year high. Economists were expecting to see the inflation level for August released at 2.8% but the figure came out at 2.9% which equals the highest level on record...
GBPEUR rate remains steady as markets await the Autumn Budget

Where next for Sterling Euro exchange rates? (Tom Holian)

The Pound made some very positive gains vs the single currency on Friday trading session as the UK posted some better than expected Manufacturing data. The figures saw an increase owing to the low value of Sterling exchange rates which encouraged a huge amount of overseas orders. This caused the Pound vs Euro exchange rate to hit as high as 1.0970 yesterday but I think the gains will be short lived as the topic of Brexit will continue to dominate the headlines. At the moment we are...
GBPCHF rates hit near 3-month highs

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...
GBPEUR rate remains steady as markets await the Autumn Budget

Euro begins to rise as markets await ECB meeting, will the ECB taper its...

The Pound is losing some ground this morning as financial markets await the ECB's meeting later this afternoon. It will begin at 12.45pm UK time and many are predicting that Mario Draghi may announce tapering plans today. This would be considered a positive for the Euro and I would personally expect to see the EUR to GBP rate improve if this plan is announced. On the other hand, those hoping for a stronger Pound should keep an eye on what's said by Draghi as if the...
GBPEUR rate remains steady as markets await the Autumn Budget

Mario Draghi to influence pound vs euro exchange rates

Tomorrow afternoon the European Central Bank will release their latest interest rate decision alongside the Presidents speech. No change in interest rates is expected therefore rates should remain at 0%, however it's the statement by Mario Draghi that could have a major impact on pound v euro exchange rates. Many economist believe there is a chance that the President could elaborate on when the ECB will taper the quantitative easing (QE) program. QE is essentially when a central bank pumps money into the economy in...