GBP EUR Looks to Employment Figures for Support

What can we expect for GBP/EUR next month? (Joshua Privett)

GBP/EUR rates have had a rollercoaster of a month, being as high as 1.399 and as low as 1.334. Budgets for property purchases as well as business transactions overseas have been made more expensive or cheaper by 4 figure sums or more depending upon your transaction amount. The main reason for this large bump up in favour of Euro buyers at the end of the month was mainly attributed to news coming from the US which was received extremely positively by the global markets. While there...

The Drama From “Super Thursday” Subsides ( Daniel Johnson)

The expectation of 2-3 MPC members voting for a rate hike had boosted Sterling value before the MPC minutes. When only one member voted for a hike we have seen Sterling drop in value against the Euro. Personally I think there maybe some jawboning from Mark Carney shortly in order to artificially weaken the Pound due to our dwindling exports. If I was a Euro buyer I would get it done. I think Sterling is seriously overvalued at present. There are several large trades...

GBP/EUR Rates Flat During Monday’s Trading (Matthew Vassallo)

GBP/EUR rates have remained flat during Monday’s trading and with little economic data of note out for the UK this week, any spikes on GBP/EUR are likely to come from the Eurozone data released on Thursday and Friday. Sterling has made small gains over the past couple of days, moving back up towards 1.27 on the exchange but I do not anticipate this trend to continue, as Sterling had come under pressure last week following a run of inconsistent data. On Thursday we have Eurozone Consumer...

Will Sterling continue to rally over the Euro? (Daniel Johnson)

President Obama made his stance clear on a "Brexit" over the last few days. Those campaigners in favour of the leave camp have argued that if we were to leave new trade deals would be easy to negotiate. Obama halted this argument in its tracks stating that Britain would be at "the back of the queue" if it sought to agree an new trade deal with the US. GBP/EUR was very close to hitting 1.29 during yesterday's trading session. Current polls now show the remain...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

What’s in store for GBP/EUR exchange rates this week? (Mike Vaughan)

Sterling has fallen below 1.23 against the Euro today which is a little surprising considering inflation figures fell from 0.7% to 0.5% year on year.  As a result most analysts expect the ECB to try and counteract the current falling inflation figures through a cut in the base rate. Indeed it has been the threat of deflationary pressure that has hampered the Euro in the past few weeks. Some of the major problems with deflation can be the lack of consumer spending as the general public...

Bank Of England Minutes Next Week Could Be An Important Marker For Sterling (Colm...

Sterling has taken a battering in the last couple of weeks due to weaker than expected inflation data and indications that wages are rising slower than prices meaning the average Brit has less disposable income.  Add to the fact that manufacturing figures showed almost no growth last month, Moodys have downgraded the UK's AAA status, and there is a lot of political uncertainty about what may happen in the UK election next year, it is easy to see why sterling has lost some of...

Supreme Court looming (Dayle Littlejohn)

With the Supreme Court decision set to be released any minute, GBPEUR exchange rates could substantially rise or fall depending on the decision. Last week when Theresa May addressed the public and confirmed MPs will have the final say on the Brexit blueprint the pound received a well needed boost against the euro (2%).  It just shows how much Brexit and politics are having on GBPEUR exchange rates. If the pound does spike against the euro, euro buyers should consider about purchasing their currency upfront....
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Pound continues losses against the Euro – levels nearing 1.22

The pound has continued its recent poor run against the Euro falling to 1.2250 losing nearly half a cent against the single currency. Rates have now fallen nearly 5% since the end of July and may well continue in the run up to next months Bank of England interest rate meeting scheduled for the 8th November. At the meeting there is a real chance that Mervyn King will introduce up to another £50bn through its asset purchasing program quantitative easing. Yes you could argue that...
GBP EUR Drops After GDP Misses BoE’s 5% Target

What next on GBPEUR?

Expectations for the pound to 'bounce' back this week have failed miserably with GBPEUR closer to 1.20 than 1.30. We knew this move would come sooner or later but with the Referendum over 2 months away it begs the question how bad will this get in the coming weeks and months? All in all I do expect the pound to euro rate to rise longer term if it is a remain vote but the current market forecasts are not looking good for the next...

Sterling Exchange Rates before Brexit Statement (James Lovick)

Sterling exchange rates continue to fall lower as those Brexit concerns persist as the deadline for the end of March now fast approaches which will take us then to 9 months past the vote to leave the EU on 23rd June 2016. The latest development is that UK Prime Minster Theresa May will be making a statement on Brexit next Tuesday and high volatility should be expected immediately after. Theresa May is widely expected to give some outline as to what Brexit will entail...