GBP EUR Looks to Employment Figures for Support

Will the pound to Euro rate rise or fall in February?

The pound to Euro rate is likely to rise in my opinion as political pressures in the Eurozone weigh on the market and expectations of what lies around the corner. I think at this point it is worth pointing out that this time last year no one was expecting Brexit or a Trump Presidency. We can easily be lulled into a false sense of security with so many varying factors which can alter perceptions and outcomes on financial markets. Looking further ahead into the future...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Eurozone Unemployment Rate Falls to 4 Year Low!

The EUR received support during Tuesday’s trading, following positive Eurozone unemployment data. The official unemployment rate fell to 10.4%, the lowest level since September 2011. The official figure, which came in above market expectation helped boost the EUR value against GBP, with the pair dropping to 1.3125 at today’s low. The Pound has found some much needed support over the past week, as at one stage it looked like GBP/EUR rates were heading South of 1.30 for a sustained period. Despite this improvement the general...

Will the Recent GBP/EUR Trend Continue? (Matthew Vassallo)

GBP/EUR rates have remained flat during Monday’s trading following a volatile couple of weeks for the currency pair. Following Sterling’s positive move up to a fresh two year high in the middle of last week, the EUR did find support and has move back by over a cent since that low. Whilst I can see nothing tangible that has pushed the EUR up, it is likely the markets have realigned themselves after overcorrecting, following the Scottish referendum results and the European Central Banks (ECB)...
GBP EUR Looks to Employment Figures for Support

Sterling Rallies Ahead of Tomorrow’s UK Unemployment Rate (Matthew Vassallo)

Sterling received a welcome boost during Tuesday afternoon trading, with GBP/EUR jumping by over 1%, hitting a high of 1.1218. Despite the pair falling below this threshold by the time of writing, those clients holding GBP will be buoyed by the better than expected UK inflation data released this morning. The key question now is whether this trend will continue into tomorrow, or is this yet another false dawn for the Pound? Much will depend on tomorrow’s UK Unemployment rate (expected to remain unchanged at 4.9%),...