GBP EUR Could Head Lower After Growth Revisions

Pound Sterling Forecast – The Week Ahead for Sterling Exchange Rates

First and foremost it has been a tough start to the week in terms of economic data, which has led to a drop-off against most majors. Growth figures for the month came out at 0.2% instead of the predicted 0.5%, Industrial and Manufacturing production figures also missed the mark, which again just adds more fuel to the fire that a long and challenging recession is fast approaching for the U.K. Our condolences to the Royal family after the terrible news that Her Majesty had passed on...
GBP EUR Could Head Lower After Growth Revisions

Three Key Events in a Vital 72 hours for GBPEUR and GBPUSD Exchange Rates

The beginning of this week in the UK was very sombre with Her Majesty’s funeral and a UK Bank Holiday. This meant UK markets were shut, and ensured a fairly sleepy start to the week from a currency perspective, with sterling still nestling in the doldrums following the poor Retail Sales data from last week. The rest of this week looks far from calm however, with three key events that could trigger market movements for the pound, US dollar, Euro and many other currencies. The...

Will the government perform a U-Turn? Impact on GBPEUR & GBPUSD Rates

Will a u-turn be coming for the current government? Three weeks ago the Chancellor Kwasi Kwarteng announced his mini-budget. This caused a huge sell off for Sterling exchange rates. It also caused an issue for bonds and UK mortgages. However, since then the Pound Euro and Pound US Dollar has also improved. Indeed, Sterling Euro rates are currently close to a 2 month high creating some excellent opportunities to buy Euros with Pounds. The Bank of England recently stepped in and spent a huge amount of money to...
GBP AUD Consolidates with UK Employment Due

GBP exchange rates climb despite warnings regarding the UK economy

The Pound begun the week in a volatile fashion yesterday, and traded in over a 1-cent range against the Euro after testing the 1.1650 handle once again. We have now seen the GBP/EUR exchange rate test trading levels around 1.1650 at least 4-times in the last 3 months with yesterday being the latest example of this pattern. Yesterday morning during the earlier hours of trading GBP rebounded from the 1.1650 once again demonstrating that there is resistance at this level, so if you’re planning on...
GBP USD Drops to 1.17 as UK Await Boris Johnson Successor

Liz Truss Resigns and the Pound falls in value against the Euro and US...

Liz Truss Stands Down After what has been the shortest reign in history for a British Prime Minister, Liz Truss finally resigned yesterday afternoon. The Pound Sterling exchange rate remained relatively stable during yesterday’s trading session as its likely the market had priced in the decision for Liz Truss to step down. However, as of Friday morning the Pound had really felt the impact of the uncertainty as to who could come and take the leadership in her place. Boris Johnson has been touted now as one of...

Best time to sell Euros to buy Pounds in almost 5 years (Tom Holian)

Sterling Euro exchange rates have once again felt the pressure caused by the uncertainty as to when Article 50 may be triggered. The Pound vs the Euro has dropped by as much as 12% since the vote to leave the European Union and this represents the best time to sell Euros in almost 5 years. Foreign Minister Boris Johnson has suggested that the UK could be getting ready to start the negotiations to leave the European Union and this has also caused Sterling to suffer against...
GBP USD Exchange Rate Falls to Two-Year Low Amid Political Uncertainty 

Will Liz Truss lead the Tories into the next election and how will this...

Despite being appointed as Prime Minister just over a month ago on the 6th of September 2022, Liz Truss is already coming under pressure and there is speculation regarding her remaining in power already. The Pound has traded in a more speculative fashion over the past month than it has done for years after a disastrous mini budget which sent shockwaves throughout financial markets, and saw the Pound trade against the lowest level against the US Dollar in recent history. Truss appointed Kwasi Kwarteng as Chancellor...
Pound to Euro forecast: When should I buy Euros?

Pound to Euro forecast: When should I buy Euros?

Sterling continues to struggle against the Euro: Key market events to look out for The pound over the last 8 weeks has struggled against the euro. Pound to euro exchange rates have dropped by 5%, to put this into monetary value a €250,000 purchase now costs an additional £11,450. This month there are a few key events to look out for which will have a major impact on the currency pairing. Brexit This month 160,000 Tory members will vote on who they want the next Prime Minister...
GBP EUR Slumps After Stronger Euro Growth

How will the bank holiday impact GBP/EUR rates? (Joshua Privett)

With the Bank holiday just around the corner, those who have been involved with currency for a long time will be aware of the irregular effects this brings on GBP/EUR exchange rate movements for the day. The bank holiday is only in the UK, so Europe and the rest of the world will continue their normal activity whilst UK traders like myself are forced to the sidelined. Given the current situation in the UK, it seems likely that this will lower the value of the Pound...
GBPEUR Bounces on the Day with Limited Data Due

Pound to Euro outlook: Could GBP/EUR exchange rates rise back above 1.10?

Pound to Euro exchange rate: Euro weakness sees the Pound make a short-term bounce back The pound to euro exchange rate has been nudging the 10-year low on the interbank, having broken through the 1.07 mark on Friday, testing 1.064. this is the lowest level seen since January 2009, breaching the 1.0730 lows of August 2017. The euro has been weaker since Friday last week, following the news that the Germany economy is not growing as fast as hoped, with the recent economic growth figures...