GBP EUR Looks to Employment Figures for Support

Sterling Euro exchange rates remain range bound as we head towards an important few...

Sterling Euro exchange rates have stayed fairly range bound over the past few days perhaps with the Euro gaining back a little of the ground lost on Friday. Rates in my opinion still have the possibility of getting over the 1.30 mark for the first time in a number of years but the two key factors that may lead to this are both the next European Central Bank monetary policy meeting due on the 22nd January and the Greek election results which should come on...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Best Rate of Exchange – When to BUY or SELL Euros

The Pound has enjoyed strong levels over the last 36 or so trading hours, as UK Retail Sales came in at a figure much higher than anticipated. This was followed up by a strong 'carry trade' of investors moving money out of the Euro and in to the USD - this weakened the Euro against all currency trading partners. As UK Public Sector Net Borrowing was an improved figure this morning, GBP EUR has reached a market level of 1.2770 and may yet push...

Pound to euro rate forecast February

I expect pound to euro rates to improve once again in February but it will only be the prepared or lucky who get it. Whilst there will be better rates i don't think they will last too long since there has been much better eurozone news this month and  sterling is not looking quite so solid after some comments by the Bank of England. Nevertheless the positive economic data and worries over the Eurozone inflation data released today should give rise to some much improved...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

House of Commons Debate key to GBP/EUR Level (Daniel Johnson)

Brexit the main influence on GBP/EUR Personally, I feel the pound is currently chronically undervalued against the Euro. The main factor causing Sterling weakness is the uncertainty surrounding trade negotiations. The exchange does not  react well to uncertainty and this was demonstrated recently when Theresa May made her recent speech making clear her intention for a hard Brexit. A hard Brexit should be deemed as detrimental to the UK economy, but as some element of certainty was was restored to the exit process the pound...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Sterling gains momentum against the euro. (Dayle Littlejohn)

This morning sterling has made a 1 cent gain against the euro. For clients looking to purchase €100,000 this will now be around £550 cheaper. The reason for the spike in the market is due to numerous releases of economic data. Greece Consumer price index (YoY) also knows as inflation came in at -2.1%, o.4% worse than expected. UK industrial production (YoY) came in at 1.2%, 0.6% above where expected. For clients looking to buy or sell currency for the first time, its important to understand that...

Sterling Takes a Hit Against the Euro! When should I buy? (Daniel Johnson)

The surprise weakening of the Chinese Yuan yesterday sent shock waves through the markets. This coupled with below par UK Unemployment data has taken its toll on Sterling now sitting in the 1.39s. The drop in Chinese Yuan value by almost 2% does not bode well for Global Economic confidence and could push a UK rate hike back further than expected. I have been saying for some time that Sterling is overvalued and I think there could be a further drop over the coming...