GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Pound Euro rates rise slightly but remain subdued…

The pound has continued to struggle as Unemployment remains at 7.2% and no members of the Bank of England vote for a change in policy. I expect we will see the pound rise higher still against the euro but this could be way off in the future. All in all if you have a currency transaction to consider soon then why not make some careful plans in case rates fall further and you don't see them rise higher in your timescales. This Friday we have...
GBP EUR Looks to Employment Figures for Support

UK General Election Takes Centre Stage (Matthew Vassallo)

After watching Sterling's value decline for the past couple of weeks, many clients have been questioning how much further it would fall ahead of tomorrow’s general election. GBP/EUR rates have dropped to 1.1450, with the EUR benefiting from the cloud of uncertainty hanging over the UK economy. The current levels are a direct result of a lack of investor confidence in the Pound, with tomorrow's election and the instability of the possible outcome, driving the Pound's value down. The markets had clearly factored in a Conservative majority...
Pound to Euro Drops as Virus Drama Returns to London

Election result weakens the Pound vs the Euro (Tom Holian)

In what has been a very interesting last few days we now know the results of the general election with the Tories the largest party but not being able to secure a majority government. This means that they will look towards the DUP to provide enough seats to from a government and this looks like the most obvious and clear resolution. Indeed, on Thursday night one of the members did even strongly suggest that they would be willing to form an agreement in the event of...
GBP EUR Looks to Employment Figures for Support

The best pound to euros rates since January!

The pound has made some excellent gains in the last couple of weeks against the euro presenting some excellent opportunities to buy the euro. With German elections just around the corner I would not expect the rates to stay there for too much longer. Elections usually lead to a currency strengthening and we saw this just lately with the Australian election. Merkel is expected to remain in power and whilst there is still some anti euro sentiment in Germany, only a minority would genuinely think...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Sterling Euro may hit 1.22 before end of the Day? (Tom Holian)

Sterling has continued its upward trend against the Euro after the Easter break hitting 1.22 on the mid-market level this afternoon. With UK unemployment hitting as low as 6.9% the best in over 5 years this has given the Pound a real boost against the single currency. Sterling is also trading close to a 4 year high against the US Dollar highlighting the fact that it is Sterling that is maintaining its strength across the board. The Bank  of England minutes are due tomorrow and...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

GBPEUR rises!

GBPEUR has risen on the back of some good news from the US economy which has seen the Euro weaken and the USD strengthen. All in all I expect the USD to continue to rise over the weekend which could mean we have even better rates to buy Euros with pounds next week. Can you really afford to take the risk of this changing? I for one would suggest that anyone who needs to buys pounds with Euros moves sooner, if you are buying...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

The impact of Article 50 on buying Euros with Sterling (Tom Holian)

Since the Brexit vote back in June Sterling has lost over 12% against the Euro as the future of the UK's relationship with the European Union has caused huge uncertainty for the Pound. Following the initial drop for the Pound after the vote Sterling has also struggled as the timeline as to when Article 50 will be triggered has not been confirmed yet. Rumours are that the UK will be looking to start the negotiations early next year but the uncertainty and lack of transparency has...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Sterling Under Pressure Ahead of US FED Interest Rate Decision (Matthew Vassallo)

GBP/EUR rates have dropped sharply during Monday’s trading, with the Pound losing almost 2 cents from the high. The EUR started to gain support this morning following better than expected Industrial Production figures and a speech by European Central Bank (ECB) president Mario Draghi, who continues to remain bullish regarding the Eurozone recovery. Whether this confidence is justified is debatable but we are starting to see some sustainable improvement for the EUR and regardless of how much truth there is in Draghi’s latest comments,...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

When is the best time to buy Euros?

The pound to Euro rate has improved for euro buyers, to what extent will this continue? On balance I expect the market to fall back as further uncertainty over when the UK will raise interest rates resumes! No one should take for granted that this market will just continue to spike higher, markets rarely follow set patterns but you can look to certain fundamentals which will help out! The outlook for the pound is much more shaky because 'talk it up' Carney has once again...
GBP EUR Looks to Employment Figures for Support

Pound to Euro exchange rates recovering after difficult start to the week (Joshua Privett)

Pound to Euro exchange rates had flourished last week with the UK's election announcement, but have deteriorated with developments in French elections just across the Channel. Marine Le Pen is a divisive character, and markets were worried that if she managed to reach the second round of voting, that her opponent would be someone who could mount a minute challenge and struggle to take away much of the vote percentage from her. Whilst Le Pen did make it through, making it possible for her to become...