Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey Hitting Record Lows

Pound down against the Euro ahead of court ruling in Germany

Pound exchange rates have fallen against the Euro in advance of the much anticipated ruling from Germany tomorrow morning. Germany's Constitutional Court will go ahead with a long-awaited ruling on Wednesday on the legality of the euro zone's new permanent bailout fund and budget rules. The ruling is set for 9:00 BST and will go a long way in determining the short term moves for the GBP/EUR pairing, should the ruling not go through we could see some strong losses for the Euro and...
GBPEUR Rejected by 1.17 Price Level Again

Euro Buyers Take Advantage – Buy Euros Now? (Andrew Bromley)

Despite poor UK inflation figures (the lowest in nearly 10 years), the Pound has rallied in to very strong levels north of 1.28. We are approaching the 3.5 year high seen right at the start of 2015 of 1.2910, primarily based on a statement released by the Eurozone Central Bank. Benoit Coeure was quoted in the German paper 'Die Welt' this morning as saying, 'The Eurozone Central Bank is in a position to take a decision on Jan. 22” even as that “doesn’t necessarily have to...

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...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Buying Euro rates falter slightly to begin the day, recovery expected (Joshua Privett)

Now that the election saga has been officially concluded, economic data is pushing itself back onto the currency scene, which has softened buying Euro rates this morning, but there is plenty more to come today, let alone this month. In the very early hours of this morning business confidence figures for the individual country's that make up the Eurozone were released. All were positive, and all except Italy had seen further improvements on the month preceding it. The Eurozone is thriving at the moment with...
GBPEUR Rejected by 1.17 Price Level Again

Best rates for selling Euros. Over a 2% gain in under a week. (Ben...

The Euro has continued to gain on the pound this morning leading to a rise for the Euro of 2.04% since last Thursday. This is a significant loss for those of you looking at buying the Euro with your sterling but great of you are selling Euros at the moment. This morning there were comments out in Portugal stating they will not be restructuring their debt and this seems to have given further support to the single currency. The ECB monthly report will be out...
Pound to Euro Drops as Virus Drama Returns to London

GBP/EUR Breaks 1.38 How should I play my Trade? (Daniel Johnson)

GBP/EUR is currently extremely hard to predict, there are simply too many factors at present if you are trying  to play the market. Buoyancy levels at present seem to be between 1.3550- 1.38. I think the smart move at the movement would be to move on a spike in your favour. Selling Euros move if you hit below 1.3630. Buying Euros move when you hit 1.37.30. I currently have consistent high level trades going through GBP/EUR which potentially I can tag new clients on to and acheive...

FOMC Minutes and the impact for Sterling Euro Exchange Rates (Tom Holian)

If you're looking to either buy or sell Euros over the next few days then tonight's FOMC minutes published in the US will be key to the short term trend for what may happen with Sterling Euro exchange rates. Sterling vs Euro has fallen by as much as 7 cents since the start of December after the ECB decided to extend the QE programme by 6 months and it appears that it will be policy changes made by central banks that could be the key...
GBPEUR Rejected by 1.17 Price Level Again

Pound Euro Exchange rates this week so far – Spain bailout?

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...

Best Exchange Rates – GBP EUR Exchange

Todays trading has as expected, opened above 1.16. As Sterling gained a lot of support on Thursday from Mark Carney at the Bank of England, I would expect trading to be 'range bound' for the next week between 1.1560 and 1.1650. This is a very tight range however it is an indication of the stability that Carney hopes to bring to GBP. Next week sees primarily the UK minutes from the Inerest Rate Decision. Should you be looking to SELL Euros, I would be tempted to...

Sterling Euro Exchange rates waiting for the Bank of England Announcement (Tom Holian)

Sterling Euro exchange rates have picked up during the early part of the week in spite of Eurozone GDP having been upgraded yesterday from 0.3% to 0.4% for the second quarter. However, as the ECB downgraded the Eurozone growth forecast for the next three years the data yesterday did little to affect Sterling Euro exchange rates. Tomorrow the Bank of England meets and will decide how many of the 9 members of the MPC will vote for a rate rise so any appetite for more than...