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...
The Pound Continues Its Fightback

Sterling Edges Up Slightly against the Euro

GBP exchange rates have edged slightly up against the Euro today gaining 0.2%.  The pound started brightly this morning before falling back this afternoon with most of the early morning gains caused by Moody's the credit rating agency downgrading Ireland's status to just one from Junk. However the pounds gains were limited as expectation for the European Central Bank to raise interest rates ahead of the UK still keeps pressure on the pound. This is a trend I believe will continue and until we see...
GBP/EUR exchange rates creep up over the course of the trading week

Pound Euro Forecast

Exchange rates for the Pound improved noticeably from yesterday afternoon after the Nationwide consumer confidence survey showed a significant improvement from last months record low.  The Pound has clawed back nearly half a cent against the Euro and a similar amount against the Dollar. However short term future movement is likely to be determined by the Bank of England Minutes next Wednesday and the UK GDP figures on the 27th as most market focus seems to be on interest rate forecasts.  Current exchange rates have...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

GBP Rates Steady

Sterling exchange rates have remained flat against the Euro following yesterday's better than expected inflation figures. The pound has found a little support as unemployment figures remained the same for the month of March, however I feel GBP rates will suffer in the short term as it looks increasingly unlikely that the Bank of England will raise interest rates in May.
Pound to Dollar Rate Drops to One-month Low

EUR USD Exchange Rates Break 1.45

Euro exchange rates against the USD have broken 1.45 establishing a new high and providing a very good opportunity to sell Euros particularly against the greenback and the Pound.
The Pound Continues Its Fightback

GBP EUR Rates Tumble On Inflation

GBP EUR exchange rates tumbled this morning as UK inflation figures were lower than expected and lessening the probability of an early rate hike by the Bank of England.  The Pound has lost against most majors as a result but presented great opportunities for selling currencies against a sterling purchase.
Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Sterling Exchange Rates To Change On Inflation Tomorrow

Sterling exchange rates are likely to alter significantly tomorrow morning at 9.30 dependant on how high inflation is running in the UK- if inflation is rampant then some of the Doves may be forced to grow talons and be pressed closer to a rate hike over the summer- a move that could be positive for the Pound.  The pound did fight back a little from the early morning lows but made only slight headway against the Euro, but did a lot better against the...

GBP Rates Fall Against the Euro

Sterling exchange rates followed yesterday's gains with a disappointing day today losing ground against the Euro by nearly 1 cent even after UK PPI data came out better than expected, a result which would normally give the pound a boost. Sterling's losses appear to be caused by investors backing Europe to raise interest rates at a faster pace than the UK, I also believe the Portuguese bailout leaving the UK potentially out of pocket to the tune of €3bn will have detrimental affects on...
GBP EUR Exchange Rate: Weekly Review July 16  

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Many regular readers come to us for assistance with their currency transactions and we can certainly point you in the right direction, even on amounts of £5000 plus every percent you can save is still £50 in your back pocket!!! I work for a specialist currency brokerage and can save you money, all you need to do is fill in the enquiry form on the left hand side of this page and I will get in touch immediately within office hours. Generally banks offer pretty poor...