GBP EUR Exchange Rate: Weekly Review July 16  

Pound Euro forecast – Volatile markets at present just what will happen in the...

The currency markets over the past few weeks have been unbelievably volatile and we have seen the stronger performers (JPY,CHF) over the past few days moving up to 4% in a day as central banks attempt to devalue their currency as the pure strength is really causing them high troubles. Japan for instance is having a horrible time with exports now as the price against the USD has gone so far that the states are no longer buying in anywhere near as much as previously...
GBP EUR Exchange Rate: Weekly Review July 16  

BofE and ECB interest rate decisions tomorrow – non event?

Personally I think both interest rate decisions tomorrow are likely to be a relative non event - the ECB (European Central Bank) are very unlikely to raise rates (although admittedly there is a small outside chance) and the BofE (Bank of England) even less so. However this doesn't mean to say that the markets will be flat tomorrow - in fact far from it! The rates are particularly volatile at the moment considering the debt issues in Europe and the recently resolved issues in the...
Pound to Euro Exchange Rate with UK Election Heating Up

A week after Greek bailout and already question marks are raised about contagion

Only a week after the Eurozone met to contain the spread of debt throughout the EU and already markets have cause for concern that the Eurozone are going to be able to cope with their Sovereign Debt issues. German Minister Wolfgang Schaube has voiced his opinion (joining Chancellor Merkel) that the Greek bailout was a 'one-off' and that this will not be repeated unless it threatens the financial stability of the zone as a whole. Germany, the largest economy in the EU have generally been...
GBP EUR Exchange Rate: Weekly Review December 4th  

BofE minutes today – Euro gains

The Euro has gained this morning as the market prices in the chance that QE will be mentioned in the Bank of England minutes. Sterling has lost this morning against most majors and is currently 0.4% against the Euro. If QE is mentioned in the minutes this morning as a likely outcome of upcoming meetings then this is likely to continue to fall rather dramatically. However if mentions of QE are hushed then we could see GBP/EUR rates retrace slightly throughout the day. Looking forward to...

UK inflation means Sterling retraces gains – Unemployment figures key today

UK inflation, or CPI (Consumer Price Index) was released yesterday and contracted 0.1% MoM. This meant that YoY inflation fell from 4.5% to 4.2%, although this is well above the Bank of England's 2% target inflation was expected to hold steady and this has meant that an interest rate hike in the UK now seems even further off. On top of this there have been numerous different predictions on Q2 GDP figures for the UK, none of which have come in higher than 0.2%...
Pound to Euro Exchange Rate with UK Election Heating Up

GBP/EUR close to a month high this morning

GBP/EUR had a good start for the third day in a row since the interest rate hike last Thursday and pushed very close to a month long high. The Euro is now really coming under strain from the PIIGS of Europe, as Italian Sovereign Debt - one of the 'PIIGS' that has managed to avoid much media spotlight has really come under fire. There is now talk that the European Stability Fund may have to be doubled in order to be able to potentially bailout Italy,...

GBP Rates Remain Steady

GBP exchange rates have remained steady this morning following strong gains posted yesterday in what proved to be an extremely volatile day. The pound had a poor start following lower than expected PMI data in the morning leading the GBP/EUR hitting 13 month lows, many had expected this trend to continue following the Bank of England and ECB's interest rate decision. As expected both central banks held base rates at 0.5% and 1.25% respectively, this lead to little movement but the post decision conference...
Pound to Euro Exchange Rate with UK Election Heating Up

GBP Rates Struggle prior to GDP

GBP exchange rates have struggled today falling 1 cent against the Euro as the market eagerly awaits UK GDP data released at 09:30 tomorrow morning. Figures are expected to come in at 0.5% an improvement from the previous quarter of -0.5%. Should figures come in any worse than 0.5% I would expect pressure for Sterling and the reverse should we see growth figures better than expected.
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBP Rates Improve on Retail Sales

Sterling has had a good start to the mornings session following positive Retail Sales figures released at 09:30. The Office for National Statistics said retails sales volumes including automotive fuel rose 0.2% last month beating forecasts for a 0.5% fall, after February's 0.9% decline. With figures being much better than expected we have seen the pound gain 0.3% this morning. For those with an interest in Euro/dollar rates are currently at anear 18 month high, possibly a good time to trade should you need to...
Pound to Dollar Rate Drops to One-month Low

Euro Rates Slip On Finnish Election

GBP Euro exchange rates have moved a little against the Euro at present this morning following the Finnish election results yesterday.  The result saw the "True Finns" party achieve a significant minority and they are staunchly opposed to Finnish taxpayers money being used to bail out struggling member states like Greece, Ireland, and Portugal.  Whilst not earth shattering news it has dented confidence in the Euro slightly on what is an otherwise quiet day for UK and European data as the True Finns they are...