GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP/EUR Rates Flat Despite Positive Comments Regarding Prospective UK Trade Deals (Matthew Vassallo)

It was a quiet day of economic data for both the UK & Eurozone and this was reflected in the movement on GBP/EUR exchange rates. The Pound made marginal gains, moving the pair back above 1.13 at the high. The EUR continued to find support around this level, with investors seemingly waiting for the next major data release or media update regarding the economic standing of each economy. Much of the media’s focus today was on the weekend’s G20 summit, with UK Prime Minister Theresa May...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Pound Euro Exchange Rate Collapse (Ben Fletcher)

This morning the latest UK industrial and manufacturing data for both quarter and quarter and year on year came back substantially worse than forecast. This cause an almost immediately weakening of Sterling taking the GBP/EUR rate to the low 1.13, losing a cent from the earlier 1.14's. Today was thought to have been a day to see Sterling make gains against the Euro as Mark Carney was set to speak at the G20 Hamburg summit. The GBP/EUR rate dropped as low as 1.128 this...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Will Sterling Euro move this month? (Tom Holian)

In my whole career in the foreign exchange industry which goes back to 2003 I cannot honestly remember a more quiet period for Pound to Euro exchange rates than what we've seen during the last month. GBPEUR exchange rates have traded in an extremely tight range and it appears as though the market is waiting for something major to happen. Brexit talks have also started recently and as yet they have not had much impact on Pound vs Euro exchange rates. I think longer term if the...
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...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

What Could Happen to GBP/EUR Exchange Rates?

Sterling has recovered some of the lost ground against its EUR counterpart, with GBP/EUR rates floating around 1.14. This slight improvement has given some respite to those clients holding the Pound, following heavy losses over the past few weeks. It wasn’t that long ago that the Pound was creeping towards 1.20 but a complete shift in conditions, has seen the EUR gain almost seven cents at its high. Despite Sterling finding a foothold over recent days, the current climate both politically & economically inside the UK means...

Sterling Starts The Day On The Rise (Ben Fletcher)

The GBP/EUR rate has risen above the 1.14 and looks like it may hold on, rather than a fleeting visit earlier in the week. The Government won the vote on the Queens speech by a small margin which now means the focus can move back to Brexit discussions. There was an attempt by Labour to amend the speech, however the two attempts were voted down by MP’s. UK GDP This morning UK Gross Domestic Product for quarter 1 will be released. There isn’t expected to be...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Best rates to sell Euros into Pounds in 2017 (Tom Holian)

The Euro has got to its best level to buy Pounds since November as the Pound has continued to weaken owing to the uncertainty of what is happening in both UK government and the Brexit negotiations. The Tories have finally come to an agreement with the DUP but this has done little to help the Pound as we continue to see GBPEUR exchange rates struggle. Yesterday Bank of England Governor Mark Carney has called upon British banks to raise their capital requirements in order to avoid...
Pound to Euro Drops as Virus Drama Returns to London

Buying Euro rates still in limbo ahead of this week’s major vote (Joshua Privett)

Economic data and other news has largely become background noise at the moment with the final conclusion of the UK election saga Governing buying Euro rates of exchange. Despite poor looks at the Eurozone economy this morning it was still Sterling which has gradually suffered as we have seen on occasion since the election. The European Central Bank and its policies have been bolstering the Euro as of late, with comments that they would be easing emergency financial stimulus which began in 2015. However, the Bank...

Pound to Euro rate unmoved despite Conservative and DUP agreement, what other factors could...

Yesterday the Conservatives and the Democratic Unionist Party (DUP) of Northern Ireland finally agreed on a deal, even if it's come at a major cost for May's Conservative government. The figure is rumored to be around £1bn which will allow Northern Ireland to invest in infrastructure and the NHS after years of heavy spending in its defense sector. Financial markets remained unchanged as many had expected the agreement to take place, but I think we could have seen the Pound sold off had the figure exceeded...

Tories & DUP Coalition Agreement Confirmed – GBP/EUR Update (Matthew Vassallo)

Today the Tories & DUP party agreed to form a working government, two weeks after the hung parliament election results. This deal had been anticipated by the markets and as such Sterling struggled to make any significant impact against the EUR, despite it finally bringing with it some political stability. GBP/EUR rates did spike following the announcement but the EUR still found support under 1.14, with the pair slipping by almost half a cent from the high by close of European trading. With a wave of support...