GBP EUR Looks to Employment Figures for Support

Sterling Strength as Retail Sale Figures Offer Hope to a Flagging Economy

UK retail sale figures were released this morning and despite showing a drop of 0.2% on the previous month, figures rose 2.7% compared to this time last year. This month on month drop was expected due to the decrease of online sales during the Olympics but the improvement from last year offers hope to what can only be described as an otherwise flat economy. The UK has struggled to keep the feel good factor going since the Olympics and a run of poor economic...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Pound down against the Euro ahead of court ruling in Germany

Pound exchange rates have fallen against the Euro in advance of the much anticipated ruling from Germany tomorrow morning. Germany's Constitutional Court will go ahead with a long-awaited ruling on Wednesday on the legality of the euro zone's new permanent bailout fund and budget rules. The ruling is set for 9:00 BST and will go a long way in determining the short term moves for the GBP/EUR pairing, should the ruling not go through we could see some strong losses for the Euro and...

ECB Bond auctions today – potential Euro movements

Today we see the well followed release of German, italian and Spanish bond auctions which had been extremely closely followed over the past few months as Spanish and Italian levels had crept over the 7% level which in the past had been seen as a level which generally leads to a bailout. The other problem with the levels is the huge difference between German bond yields and the Spanish and Italian levels as there was a great gap emerging which makes life extremely hard for...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Sterling Euro data and potential information to look out for this week – Pound...

This week is expected to be a fairly volatile one for Sterling against most major currencies as we are due lots of economic data out from across the globe over the course of the week’s trading. Today will no doubt be the calm before the storm as we have Labour day over in the States leading to slightly thinner trading conditions and not too much in the way of data out either. Here is an overview of what to expect for the week ahead and which...
GBP EUR Looks to Employment Figures for Support

Pound Euro Exchange rates this week so far – Spain bailout?

The pound has had a mixed week again, gaining ground against the Dollar and the ‘riskier’ currencies such as the Australian Dollar, New Zealand Dollar and South African Rand  yet finding it tough against the hard to knock down Euro. With the once again increasing speculation of a fully blown Spanish bailout due to numerous areas within Spain needing assistance of late I would have thought the Euro would have experienced a tough week yet we have seen quite the opposite – Personally I feel...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Sterling under pressure ahead of the Bank of England Minutes – GBP/EUR forecast

Sterling exchange rates have started to dip fractionalyy this morning in the run up to the Bank of England minutes released at 09:30. This important data set should be keenly viewd for anyone with an interest in the GBP/EUR pair. In the minutes the 9 members of the MPC (monetary policy committee) from the Bank of England will show how each individual voted with regards to future interest rate policy and whether quantitative easing (the act of priniting money in its simplest terms) was...

GBPEUR rates when to buy or sell

Over this week the GBPEUR exchange rates have been very volatile, moving by nearly 3 cents in 5 days.  Regular readers will be aware that is has been down to speculation that the European Central Bank would change banking policy for the better, and help the Eurozone out of problems.  However this seems to have been just a political ploy as nothing significant was announced and as a result the gains the euro had seen evaporated over a few minutes. So what can we do...

GermanTriple A Threat Weakens The Euro

The under fire Euro took more losses today after it was announced Moody's were switching the outlook on Germany's AAA credit rating to negative.  Whilst it doesn't affect Germany's actual credit rating at this stage, it is a warning shot across the bows of politicians and financiers if they expect Germany just to continue bankrolling the current Euro debt crisis. Sterling Euro rates of 1.28 were once again on the market and all eyes are on whether the ECB, IMF and EU can provide a...
Pound to Euro Drops as Virus Drama Returns to London

Some Spanish Banks May Be Allowed To Fail So How Will This Affect The...

Spain agreed today at a meeting of EU finance ministers that some smaller banks may be allowed to fail during the financial crisis- an outcome they had previously said would not be allowed to happen.  The news caused the Euro to weaken sharply again this afternoon, as creditors realised they may lose more money.  So far Spain has been practically bailed out in all but name with the recapitalisation of their banks being achieved from European money, however they have not had to contend...

Sterling Euro Rates Hit 1.28 With Sterling Still The Lesser Of Two Evils

Euro woes continued today as once again Spanish bonds stay above 7% whilst French yields actually dropped.  The stark difference in borrowing costs between the haves of northern Europe, and the have nots from southern Europe has been driving the Euro sharply in the wrong direction for the last few months and very noticeably within the last few weeks as the Euro has lost over four cents against the pound in that period. GBP EUR rates have broken through 1.28 and the move suggests a...