GBP EUR Exchange Rate: Weekly Review July 16  

Pound Euro Forecast (Tom Holian)

Sterling Euro exchange rates have hit 1.21+ today following some strong news by the NIESR with a rise in UK GDP. UK Manufacturing data was extremely positive which led to the Pound gaining against the single currency. Also comments from the International Monetary Fund were that the UK has been touted as the leading G7 country for growth which has seen the Pound gain across the board against all major currencies. When sending money to Europe it is important to make sure you use an experienced...
GBP EUR Exchange Rate: Weekly Review July 16  

GBP/EUR rates bridge 1.28 once more (Joshua Privett)

The gains made on GBP/EUR during midweek trading last week are already beginning to evapourate, and quickly. Euro buyers may find that unless they move quickly, the 4 cent spike that many have been taking advantage of over the past two trading days may fade into memory. The Pound was initially boosted from economic data releases showing that an un-seasonally hot (albeit patchy) April, had a positive effect on the British economy. Wages, employment and retail sales all showed significant gains, showing that the sunnier weather wakened...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Today is important for Euro exchange rates if we see any surprises (Daniel Wright)

Today we have a fairly important release from the European Central Bank, as we see the release of the European Central bank interest rate decision and press conference at 12:45pm and 13:30pm this afternoon. There are no huge surprises expected but this can be a key release for Euro exchange rates, most notably when head of the European  Central Bank Mario Draghi speaks during his press conference at 13:30pm today. The markets will react to even a hint of a change in fiscal policy from the...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Sterling receives a surprise reprieve during yesterday’s trading! (Jonathan Worrall)

Somewhat surprisingly we saw some Sterling strength during yesterday’s trading, despite UK Manufacturing and Industrial data coming out a lot worse than expected, and the National Institute of Economic and Social Research (NIESR) revising their estimate of the UK economic growth for the three months to January down to 0.4%. We saw GBP/EUR rates rise from 1.28 at the start of the day up to 1.295 before settling back down at around 1.287. The data released for the UK yesterday again showed that the UK...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Could GBP/EUR spike to 1.23 after the interest rate decisions. (Ben Amrany)

Tomorrow the ECB will release their interest rate decision for May and although no change is expected the ECB is considering taking unprecedented steps to avert the risk of deflation, including negative interest rates or implementing quantitative easing. Historically QE tends to weaken a currency so if this does occur then Thursday may bring a spike for sterling against the Euro and we may push through the best levels seen this year. A target rate of 1.23 could be a few days away. Interest rate...
GBP EUR Exchange Rate: Weekly Review July 16  

Sterling Euro exchange rate hit best level to buy Euros since February (Tom Holian)

Sterling Euro exchange rates have broken through 1.31 yesterday and again this morning and are now trading at their best level to buy Euros since February, which is great news if you're buying a property in Europe and need to send funds to the continent. Sterling has increased recently owing to the recent opinion polls showing that the Remain camp looks firmly in the lead at the moment. Clearly by staying in the European Union this will provide certainty to the British economy and this has helped...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

What now for the Euro? GBPEUR crashes!

GBPEUR has fallen some 3 cents today on the back of expectations the Greeks will finally make a deal with the rest of the Eurozone. Can it finally be true that they will do this? I have commentated numerous times that I thought a deal would be reached, deadline after deadline has passed and we are now in the position where we are almost at the end of the line! Just what will be the outcome we cannot tell but if a deal is struck...

GBP-EUR Best Rates – 1.37 Breached comfortably! (Joshua Privett)

Yesterday I was posting that the Federal Reserve Bank of America's testimony hearing with Congress were causing secondary effects on the currency markets. By repeatedly stating they would delay the rise of interest rates, the Euro gained ground lost against the Dollar, and this caused the Euro to also rise slightly against the Pound. This was a similar effect we were seeing at the start of trading this morning. However, the testimonials took a sharp turn this morning. Inflation data released that morning about the...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Greek update

Traders eyes are on the Europeans this afternoon as a meeting takes place with Greek the main topic of discussions. There is the potential that an agreement can be made about its financial future but to be honest I don't think there will be. With a country holding billions of debt, 14 million strong but with no industry I struggle to understand how they can manage the debt never mind pay it back. It seems however the Europeans are uncomfortable with simply writing the...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Pound and Euro Strategies for September, what rates will we see in September on...

If you know you need to make a currency exchange in the future it is a good idea to do some forward planning to limit your exposure. An awareness of some of the key issues concerning the currency is wise, plus an exploration of the mechanics of any transfer. Getting the best rate can be achieved through careful monitoring of the rate plus the service of a currency broker. The pound to euro exchange had slowly been moving back towards the 1.15's following a couple...