Is a Greek Debt Deal Likely? (Matthew Vassallo)

With the media spotlight shining exclusively on Greece it seems, the question on every investors mind is will they manage to secure a deal with their creditors by the end of the month? With their next repayment date fast approaching, the markets are sceptical on Greece’s future inside the EU with the EUR weakening against most of the major currencies this week. We have seen GBP/EUR rates move through 1.41 at today’s high but the EUR did find support around this level earlier, with the...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Sterling falls against the Euro following the European Central Bank meeting (Tom Holian)

After hitting 4 week highs to buy Euros with Sterling earlier this week we saw the recovery for the Pound come to an abrupt halt on Wednesday with UK manufacturing and production data coming in lower than expected. The fall for the Pound continued yesterday when the European Central Bank decided to keep monetary policy on hold. There was a small expectation that the central bank may have amended their current QE programme but they announced yesterday that there would be no change. This caused the single...

GBPEUR rates volatile as ever!

Sterling Euro has had an exceptionally volatile afternoon moving over 3 cents between the high and low! I do not pity anyone having to make a decision in this incredibly difficult market. The expectations now are for the rate to recover a little and I would expect the market to remain a little more comfortable between 1.28 and 1.29. I find it very strange that Mario Draghi would cut their interest rate and then say that in fact they will not be cutting again!...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

GBPEUR dips further

Sterling is falling and there are a number of reasons. The General Election is a main source of worry I feel moving the pound currently, just waht can we expect in the future and when? If you need to buy or sell the pound moving sooner is in my opinion well worth doing as the outlook for the UK will get very uncertain around the time of the election. There is a strong likelihood we will see the pound come under some real pressures...
GBPEUR Rejected by 1.17 Price Level Again

Get the best from your foreign exchange

Whether you are buying or selling Euros it is important to get the right assistance when making your decision. Through the use of  a specialist foreign exchange broker you can save thousands on your money transfer when compared to the high street banks, take a look at our main website www.currencies.co.uk to find out more. What data to watch out for the week? Starting tomorrow we have both the EU and UK CPI (Consumer Price Index) data released at 09:00 and 09:30 respectively - both reflect...
GBPEUR Rejected by 1.17 Price Level Again

GBP/EUR Rates Remain Flat Despite Positive Data for UK Economy (Matthew Vassallo)

GBP/EUR levels have remained flat during Monday's trading despite positive PMI Construction data for the UK. This morning release was better than expected and gave the Pound a boost initially, before the EUR regained ground during afternoon trading. There was also a report released today which indicated the UK economy was growing faster than any other Western nation, news that will surely fill prospective investors with confidence. I would have thought the Pound would be well supported following the release of this information but...

UK and Eurozone Interest Rate Decisions today have the potential to rock the markets....

Today is set to be a busy day with regards to GBP/EUR rates. At 12pm today we have The Bank of England (BoE) Interest Rate decision, here the BoE will announce whether there is to be any change in UK interest rates and we will also find out whether there is to be any further Quantitative Easing (QE) in the UK. Following this announcement we will see the same data release come out for the Eurozone and a speech from European Central Bank (ECB)...

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...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Will the Fed Increase Rates tonight? Impact for Sterling vs Euro Exchange Rates (Tom...

The Federal Reserve meets tonight to discuss interest rates and there is an outside chance of a rate hike happening this evening. Although I think the US could afford to raise interest rates I don't think we'll see any change tonight. However, if there is a stronger suggestion as to when they may change monetary policy this could see Dollar strength and Euro weakness providing some excellent opportunities to buy Euros tomorrow. With UK average earnings yesterday showing the strongest levels since 2009 this 6 year high...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Where next for Sterling vs Euro (Tom Holian)

Sterling Euro exchange rates have had a very good month and hit the best level to buy Euros in 8 years as the Greek crisis continues and Bank of England governor Mark Carney suggesting that the UK could potentially raise interest rates over the next few months. This has created excellent opportunities to buy Euros but I think it could be short lived as the UK releases second quarter GDP figures on Tuesday morning. With the previous quarter showing growth of 2.9% I think it will...