Poor retail sales figures sees GBP/EUR rates drop half a cent (Joshua Privett)

Retail sales figures released this morning, while positive, were lower than expected. In recent months this has been a powerhouse of the UK economic sector, growing almost 5% month on month as the growth in employment and wages has obviously been translating into more disposable income for UK residents. While still growing, this growth has begun to slow down. Rather than the 5% expected, growth came in at 4.4%. While this seems meaningless, markets were not as confident in the long-term growth in the UK...
GBPEUR Rejected by 1.17 Price Level Again

Sterling makes minor gains against the Euro as the week nears an end

GBP/EUR exchange rates have slightly risen as the week nears an end, following on from one of the least volatile weeks for Sterling exchange rates that we have seen in over two years, with GBP/EUR in particular being range bound between 1.1150 and 1.1270. The end of week spike appears to have been caused by news following the ECB (European Central Bank) interest rate decision which came out yesterday. Markets had expected a decision on signalling the end of QE (Quantitative Easing) in the April meeting,...
GBP EUR Exchange Rate: Week in Review September 25th

The best time to sell Euros in nearly 6 months! (Jonathan)

Improved confidence that the worst of Eurozone problems are now over have helped the euro make gains against the pound pushing the rate to a 6 month high. The question for everyone buying or selling Euros however is how long will this last? My expectation is that we will see the problems in the Eurozone resurface sooner rather than later and hence the rate will be limited in its ability to test the 1.21 and 1.20 rates. The possibility of this happening could be triggered...

When will the European Central Bank taper their QE Programme? (Tom Holian)

The Pound has seen some small gains during this week but I fully expect GBPEUR exchange rates to experience a huge amount of volatility later on today. The European Central Bank are due to meet at 1245pm today and ECB president Mario Draghi is due to address the markets later this afternoon. There has been much talk of the current QE programme and when the ECB may start to taper the programme. The likelihood is that the tapering will commence later in the year in perhaps December...
GBPEUR Above 1.17 with Higher UK Inflation Outlook

Election news causes the Pound to wobble against the Euro (Tom Holian)

The Pound has slipped vs the Euro during Friday's trading session as the most recent opinion poll has shown that the lead for the Tories over Labour has slipped to just 5%. Previously the Tories were showing a huge lead over the opposition and this data release has caused a big surprise to the markets and we have seen rates to buy Euros with Pounds drop to their lowest level in months. With the Tories previously expected to win by a huge majority this has led...
GBP EUR Starts the Week on a Positive Note

Will Sterling continue to decline and can we expect to see parity with the...

One pattern we've seen between Sterling and Euro since the Brexit vote is whenever there has been talk of a 'Hard Brexit' the Pound has weakened, as this is because many had hoped for a long drawn out period of negotiations but those hopes are now fading fast. This so called 'Hard Brexit' is currently in the news once again as yesterday evening the European Council President Donald Tusk said that the only alternative to a 'Hard Brexit' would be no Brexit, and the Pound...
GBP EUR Rallies After ECB Reduces Pandemic Support

The Strong Week For GBP Continues, But For How Long?

Sterling bulls and those looking to convert their Sterling into Euro's have had a great start to the week, with GBPEUR levels hitting as high as 1.2685, a major improvement for sterling sellers when we consider that GBPEUR was trading in the low 1.23's just last week. The Pound's recent gains have been due to improved market sentiment as oil has recovered some of of its losses from earlier in the week, after the most recent OPEC meeting ended unsuccessfully. Additionally the most recent polls...
The Pound Continues Its Fightback

GBPEUR exchange rates (Steve Eakins)

Rates of exchange have fallen this morning for EURO buyers as data continues to show an improving picture for Europe. European Retails Sales, Economic Sentiment and Service Sentiment all showed improvements in data which was released this morning.  Unemployment in Europe did also go up but the markets I think are expecting jobless figures to climb globally in early 2013.  As mentioned rates have fallen as a result but it is worth noting that a majority of the fall happened yesterday afternoon as traders...

UK Retail Sales and Eurozone QE gives Sterling a big boost against the Euro...

Sterling Euro exchange rates had a huge lift during yesterday's trading session as UK Retail Sales saw a huge jump owing to the increased consumer spending during the Rugby World Cup. This came as a big surprise compared to the expectation and this led to big gains for Sterling vs Euro during the first part of the day. However, more importantly the ECB press conference held in the afternoon gave away clues that the central bank may open the door to further Quantitative Easing. ECB president Mario...

Euro Rates Before ECB Meeting

GBP EUR exchange rates look set for a roller coaster today tomorrow with two major events. The UK sees a debate in parliament over the Great Repeal Bill which will discuss the movement of EU law into British law to hopefully avoid any disaster scenarios. The issue for the British government is that there is only a very small working majority so any renegade conservatives who are not prepared to vote with the bill could create major problems for government. Labour have already made clear...