Euro buying rates spike following Nice, since stabilised (Joshua Privett)

The tragic news last night is still something most are struggling to digest, and it is the same on the currency markets. One of the major movers of a currency's value can be sudden and devastating acts of terrorism. At the initial release of the news the Euro fell heavily, as it was uncertain at the scope of the attack, and whether this was a lone-attacker. GBP/EUR reached 1.21 early this morning, before the full scope of the news was released and buying rates are...
GBP EUR Starts the Week with 1.1800 Test

Rates to buy Euros with Sterling at their best level in 6 weeks (Tom...

Sterling Euro exchange rates have had a very positive week with rates to buy Euros at their best level for almost 2 months.  The issue of Article 50 appears to have taken a back seat this week following the announcement that Donald Trump is the new President of the United States of America. Previously Obama stated that the UK will likely go to the back of the queue if we voted to leave the European Union in terms of trade deals but Trump appears more...
GBP EUR Exchange Rate: Weekly Review July 16  

Positive UK GDP figures do little to help Sterling Euro exchange rates (Tom Holian)

Sterling Euro exchange rates have experienced another fall even with UK GDP figures for the third quarter coming out better than expected. This goes to show how much pressure the Pound is under vs the Euro as even with positive economic data we are not seeing any sustained gains for Sterling vs the single currency. The was the first quarter to be measured following the Brexit vote back in June and it highlights the problem that the Pound is facing since the announcement earlier this...
GBP EUR Slumps After Stronger Euro Growth

Sterling recovers from yesterday’s fall vs the Euro (Tom Holian)

Sterling Euro exchange rates have bounced back from yesterday's falls as the Chinese decided to cut interest rates earlier on today. This morning started well for the Pound as investors ploughed their funds back into the UK giving strength to Pound Sterling exchange rates and the losses from yesterday's trading have almost been wiped out. The FTSE and other European bourses have all got a lot better during the course of the day and it could be argued that yesterday's Black Monday was a massive overreaction. With...
GBP EUR Slumps with Lower GDP Print

GBPEUR look likely to drop this week, will it bounce back?

The current GBPEUR outlook is rather negative and the poor economic data releases being released for the UK are not helping. All of the news quite frankly has been poor and this increases the likelihood of more QE or Quantitative Easing this week. We expect this would weaken the pound and make Euros more expensive to buy... Thursday is a very important day for anyone interested in the GBPEUR rate. Should the Bank of England decide to embark on more QE we could well see...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

A quiet day for data sees Sterling gain against the Euro (Joshua Privett)

A quiet morning gave way to a volatile afternoon as GBP-EUR rates climbed back to 1.38. Tomorrow we have the release of PPI and CPI data for the UK and the Eurozone. PPI data measures the prices of industrial goods and CPI data measures the price of consumer goods. These figures are used to calculate inflation, which is in-turn used as an indicator for the health of an economy. This sudden strength for Sterling at the end of the trading day without any events or...
Brexit vote

UK unemployment falls to 6.5% (Mike Vaughan)

UK unemployment figures have fallen to 6.5% this morning lending support to the pound which pushed to a two year high against the Euro and a near six year high against the US dollar. These figures were forecast but continues the positive run for the labour market and gives more scope for the Bank of England to raise interest rates, with some analysts forecasting this could happen as soon as Q4 of this year and it is this that is likely to keep sterling moving...
The Pound Continues Its Fightback

Sterling Euro Dropping (Tom Holian)

Sterling Euro rates continue to fall for the seventh day in a row. German jobs data this morning shows unemployment levels are better than expected which has seen the Euro strengthen by 0.4% since the start of the trading session. Even though UK GDP came out positive at 0.6% the figure was exactly as expected so the currency markets didn't necessarily see this as good news. Later this morning there is a lot of inflation data due out which is likely to see Euro strength...
GBP EUR Lower Despite Weaker Euro Data 

How to Achieve the Best Sterling Exchange Rates (Matthew Vassallo)

With all eyes on Mark Carney's appointment as new Bank of England governor, it will be interesting to see what his poicies are and the market recation to these. In truth he is inheriting an economy much improved to the one we saw at the turn of the year and the Pound has started to regain investor confidence over the past couple of months. However, despite some bullish statements our economy remains fragile and we continue to fight against high unemployment and inconsistent...
GBP EUR Higher as Inflation Jumps Again

How will the EU Referendum result affect my Trade? (Daniel Johnson)

A current poll conducted by the Telegraph which is based on the average of the latest six polls has the remain camp in front at 51%. The bookies have the remain camp as favorites with the odds at 1/7. The International Monetary Fund (IMF) have recently released a report which has laid out the severe economic consequences of a Brexit. Christine Lagaurde the Head of the IMF  has said the situation if the UK leave will range form "pretty bad to very,very bad. This...