Tomorrow a final chance for Euro buyers to exchange closer to 1.30 than 1.20?...

GBP/EUR rates enjoyed a rollercoaster of a week on the currency exchange markets. Gains were finally recorded on Thursday and Friday, but there was still a net loss on the currency markets between Monday and Friday. The key event governing buying Euro rates was the Bank of England interest rate decision and subsequent press conference on Thursday. Whilst all members of the Bank of England still voted to unanimously keep interest rates on hold, the press conference was where this surprise rally for Sterling against the Euro found...
Pound to Euro Exchange Rate with UK Election Heating Up

Will the Pound fall lower than 1.10 over the next few days? (Tom Holian)

The Pound has remained under pressure against the Euro recently as the negative effects of Brexit appear to be gathering pace. We are now ten years on from the credit crunch and over 10 years since the Bank of England last raised interest rates in the UK. Trade Balance figures in the UK yesterday showed a big deficit for June and this is highlighting that the lack of investment and spending by businesses in light of the uncertainty caused by Brexit. Manufacturing and industrial production data showed...
GBP EUR Starts the Week with 1.1800 Test

A volitile day for GBP/ EUR (Dayle Littlejohn)

This morning GBP/ EUR fell to 1.3959 off the back if positive German GDP figures (0.1 higher than expected). Throughout the day Sterling made gains against the euro and reached highs of 1.4096. For clients who were trading £100,000.00 today and traded at the high compared to the low they would have received an extra €1370 euros. Therefore its crucial not only to enter the market on a specific day but also at a specific time. For further information on upcoming economic data feel free...
GBP EUR Looks to Employment Figures for Support

Will the Euro continue to strengthen against the pound after tomorrow’s key data releases?...

The pound has continued to weaken against the Euro in anticipation of the key data releases being released tomorrow. All within the space of a few hours we will learn how the markets will react to the Bank of England minutes, unemployment data and the budget. If you are concerned about the outcome of the releases then feel free to contact myself Ben Amrany at [email protected] and I can discuss the options available to you. UK Unemployment figures Currently sitting at 7.2% the markets have been...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

Could the UK and Eurozone both be as bad as each other? GBP/EUR volatility...

We have seen GBP/EUR rates drifting up today, in fact we have seen over a one cent movement over the last 24 hours with a high of 1.1778 and a low of 1.1663. There is no doubt that the market is very volatile at the moment with so much uncertainty in both the UK and the eurozone and I can't see this changing any time soon. The UK is waiting to see whether we can avoid a very undesirable Triple Dip recession, which we will...
EUR GBP Moves Higher Ahead of UK GDP Update

GBPEUR looks set to drop before making a recovery in the next week or...

This week looks like it could be a bad week for sterling and I think Wednesday will be the key date. Wednesday morning we will learn if the Bank of England considered anymore QE (Quantitative Easing) at their last meeting back at the start of the month. We are expecting no real changes but it is unlikely we will see anything that would give sterling a lift. Most of the data towards the end of last month for the MPC (Monetary Policy Committee) to...

Pound falls against the Euro owing to poor economic data (Tom Holian)

The Pound has ended the week falling against the Euro after the UK posted worse than expected economic data. UK Industrial & Manufacturing data both fell in March and this led to the Pound falling from close to a 1 month high earlier in the week vs the Euro to 1.1.6 during today's trading session. After the triggering of Article 50 last week the focus has now turned back to the economic data both here and the Eurozone and owing to the lacklustre data the Pound...
GBP EUR Looks to Employment Figures for Support

Sterling Rallies Despite Poor Services PMI Figures (Matthew Vassallo)

The Pound has made gains during Tuesday’s trading, gaining over half a cent against the EUR. GBP/EUR rates hit a high of 1.0939 at the high, with the positive move attributed to today’s poor Services PMI data. Services data accounts for a large proportion of an economies output and as such, the negative reading sapped investor confidence in the EUR. This helped drive Sterling value up, despite UK Services data slipping to an 11-year low. Sterling has found life tough going over recent weeks, as the Brexit stranglehold...
EUR GBP Moves Higher Ahead of UK GDP Update

Buying Euro 1.24 As Sterling Keeps Riding The Unemployment Figures (Colm Gilhooly)

Sterling is still riding high following the 5 year low on unemployment published yesterday showing the jobless rate had dropped to 6.6%.  The Euro has been under fire due to the ECB interest rate cut and I see little reason for the currency to strengthen back any time soon as the interest rate difference is only likely to get wider over time as the UK recovers.  Mario Draghi has even suggested they will take further action if required. Mark Carney the Governor of the Bank...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Pound Sterling exchange rates – Another volatile week so far! (Daniel Wright)

Good afternoon, Sterling has once again had a strange week on the currency markets, gaining a little further ground against the Euro, however losing a little value against the majority of major currencies. Much of the losses seen for Sterling can be put down to the possibility of the U.K having another credit rating downgrade, this time by Fitch (another of the three large credit rating agencies) which was announced late last Friday. We also had worse than expected mortgage approvals data early on Monday which...