GBP EUR Drops After GDP Misses BoE’s 5% Target

Sterling Euro Exchange rates stay flat – What will happen to the Pound Euro...

This week has been extremely flat for Sterling Euro exchange rates even though we have had quite a bit going on. We have had a bailout request from Cyprus, Public Sector Net Borrowing figures for the U.K were poor, mortgage approvals fell to a 13 month low for May and we have a European summit in action today which could throw absolutely anything into the mix. Rates have been range bound between 1.2450 and 1.2540 which has not really awoken much for us to talk...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Cyprus next to request a bailout – Euro weakens as we see more smoke...

Euro exchange rates took a have taken a nosedive in the past 24 hours as it emerged that Cyprus had indeed requested a bailout adding to the woes of the European Central Bank. This indeed will not dent the European economy too badle as Cyprus is a much smaller problems than should we see a similar problem for Spain however it does just add to the problems for the ECB and makes the grey cloud hanging over the head of the Euro that little bit...

I Need To Sell Euros – Should I Do It Now Or Wait?

If you are one of the hundreds of thousands of people asking themselves the question "Should I sell my Euros now?" then this blog is the place for you.  At the minute Europe is in turmoil, banks are having their credit ratings cut, and we have preliminary meetings of European leaders today as a precursor to next weeks "summit to save the Euro".  As such you could be forgiven for thinking maybe it would be best to get rid of your Euros as soon as possible, however...

Euro Strength Subsides as UK Unemployment Falla

Wednseday has witnessed a volatile day in the markets for the GBP/EUR currency pair. We have seen the euro fight back against sterling since the start of the week, as the results of Sunday's Greek elections gave the single currency a timely boost. It wasn't long ago that analysts were asking when, not if GBP would hit 1.30 against the euro and those same analysts are now wondering whether we will even see sterling break back through 1.25, based on current market conditions. This week...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Pound Euro Exchange Rate Forecast Greek Election still key – Bank of England Minutes...

The pound took losses against all the major currencies on Monday morning following news that the pro Euro New Democracy party won the Greek election. The news should be an important boost for the Euro and should help strengthen the currency going forward. However, since there was no outright majority it does mean that there will be continued volatility whilst the leader of the winning party seeks to form a coalition government. Antonis Samara has two more days to form a coalition. This was all...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Buying property in Europe? You may find it is much cheaper than you think...

A year ago your property would have cost you 10% more with the exchange rate and at least 10% more due to the tremendous value we now see in Spain and Portugal. Property prices overseas are now heavily discounted and the GBP-EUR rate is 11% higher now than this time last year…… If you have been holding off then now may be a great time to take the plunge as you are saving both on property prices in Euros and of course the currency conversion. The...

Banks in Spain see effective bailout – A victory for the Euro? GBP...

It does indeed look like for the time being we are not going to head through 1.25 and stay up there as banks in Spain were helped out yesterday with up to 100 Billion Euros due to be lent to Madrid. Spanish Prime Minister Mariano Rajoy  has hailed a decision by eurozone finance ministers to help Spain shore up its struggling banks as a victory for the European common currency. "It was the credibility of the euro that won," he told reporters. See the full article here...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Sterling Euro Latest Forecast – Will the Dollar be the main beneficiary?

The Euro will remain the main talking point for weeks and months to come. Bond markets are showing extreme stress which is usually the first sign of a crisis. The problem is that it this is all unprecedented and I do not believe anyone actually knows what to do. We have elections up and coming in the next few weeks across some of the most noted economies in trouble which could lead to absolutely anything. In fact, last night on the BBC news a 5...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Pound Euro Is still range bound GBP EUR exchange rate forecast

Ireland vote crucial for rates today. Ireland today goes to the vote following a referendum being called on whether  to comply with further cuts to reach targets set by the EU. A warning was given by their prime minister saying that a no vote would treble the cost of  international borrowing to maintain the country’s public services and state  jobs. This could have a large effect on GBPEUR exchange rates over the next 36 hours. For up to date information on this story or any other...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Spanish banking problems – Much more could really put Spain on the ropes GBP...

Despite us seeing a little positive news from the Greek election polls over the weekend Spain is still a major talking point surrounding the Euro. Spanish bonds are creeping ever closer to the 7% level which is notorious for being roughly where countries have ended up requesting a bailout. The Spanish Prime Minister also said yesterday "We are not going to let any region of finanicial entity fail, because otherwise the country would fall." Lets be honest this does not sound particuarly promising and one...