GBP EUR Slumps After Stronger Euro Growth

Euro Strength In Early Morning Trading – IMF looking to expand? Sterling Euro Forecast

There are strong rumours this morning that the IMF (International Monetary Fund) will be expanding its lending resources in order to strengthen the global economy and offer it some protection from the on-going problems in Europe. There is talk that the increase will be as much as $600 billion and will take the ‘war chest’ closer to the 1 trillion mark that IMF head Christine Lagarde initially stated was required to ease global tension. The aim is to have countries like China and Russia on board by the next G20...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Downgrade of Euro countries leads to Euro weakness

Standard and Poor's recent downgrade of 9 EU countries including France, which has lost its AAA credit rating, is proof that continuing deep rooted issues are affecting the entire Eurozone region. Along with Germany, France is considered one of the linchpin’s in Europe and this downgrade comes as a reminder to us all that in the current economic climate no country is immune from the problems. These downgrades do seem to of been factored into the currency markets and whilst you would think this seemingly steady decline of the Eurozone would...

GBP/EUR Update / Interest Rate Decisions

Interest rate update 13/1/12 Bank Of England (BOE) - Base rate held at 0.5% European Central Bank (ECB) - Base rate held at 1% Yesterday saw some heavy losses for GBP against the Euro, as the single currency gained over a cent by close of trading. Only a few days ago were we trading up at a 16 month high and the dizzy heights of 1.25 and beyond were being banded around by many experts. Personally I believe we could still see levels push back up above 1.20...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Is this time to look at selling Euros? Will the Euro survive? Shall I...

Yet another week goes by and once again Euro news has been in the headlines… Yes for sure there is just so much trouble within Europe and without a doubt 2012 will see some changes that have never been seen before but I cannot see that even if there is a decision to dissolve the Euro it will be done at a great pace.   When a country has moved to join the Euro in the past, it takes months and years for the powers that be to track exchange rates...
Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Don’t get caught out gambling on exchange rates!

As a specialist currency broker for one of the UK's leading currency brokerages I am very experienced in dealing with both private and corporate client's currency requirements. What I am often asked is 'what is going to happen?' and in working with the client I am always keen to point out they should be realistic about their expectations and not get too carried away gambling that things will move in their favour. By letting me know what you need to do I can then keep...
The Pound Continues Its Fightback

Swiss set minimal rate for Euro – What does this mean for the Swiss...

Yesterday saw the largest movement for the Swiss Franc in its history as the Swiss National Bank decided to set a minimal level for the Franc against the Euro. Within ten minutes the CHF weakened by roughly 8% against everything as CHF was sold off rapidly by the SNB to get from 1.10 to 1.20 against the Euro, also against the Pound we saw similar movements as GBP-CHF went to 1.38 from 1.25! Lets see what has actually happened here and what effect this may...
GBP EUR Slumps with Lower GDP Print

Non Farm Payroll data this afternoon – Big release in the States that will...

Good morning all and heres to a busy Friday afternoon ahead! At 13:30pm we see the release of non farm payroll data for the U.S and this can be a large market mover, not only for the Dollar but also for many other currencies too. Non Farm Payroll data covers the amount of U.S citizens in Non Agricultural employment, it is Non Agriculural due to the farming sector employment being seasonal which would effect the figures quite dramatically. The data can be a large mover because of...
GBP EUR Starts the Week with 1.1800 Test

Pound Euro rate stuck in 1.12 – 1.16 range…. but for how long? Sterling...

My clients continue to ask me just what will happen to the Pound against the Euro and in truth, like major analysts worldwide and the majority of people if I am completely honest you just cannot be completely sure. What you shoud be doing in this current market is looking at it from an investors point of view, why would you look to invest in either? The Euro Zone has plenty of problems, and I am still of the opinion that at some point (could be...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

Bad releases yesterday for GBP but gains still made against EUR

You would have expected Sterling to suffer against most majors including the Euro yesterday if you looked at it at face value. The BofE minutes were released showing even hawks Spencer Dale and Martin Weale retracted calls for a rate hike as rates were kept on hold, 9-0 against. Furthermore we saw a rise in unemployment to 7.9%. Although Sterling lost in early morning before bouncing back in the afternoon, performing particularly well against the Dollar (due to a downgrade of US growth forecasts) and...
GBP EUR Exchange Rate: Weekly Review July 16  

The Eurozone bond, German GDP and UK Inflation – GBP/EUR rate

The Euro has gained over half a percent against Sterling today following statements from German businesses backing the development of a joined Euro zone bond. This has heaped pressure on Chancellor Merkel who has up until now defended her position against this bond. Germany posted encouraging GDP figures in Q1 of 1.5% and these are expected to slow to a 0.5% growth in Q2 released tomorrow morning at 07.00. Do not be surprised if they outperform this expectation again and we see Germany lead the...