GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

UK Inflation Boosts Pound Back Up To 1.26 Against The Euro (Colm Gilhooly)

The pound has been given a huge boost this morning after UK inflation figures came out stronger than forecast showing just under the Bank of England target rate of 2%.  The official figures showed a rise in June to 1.9% from 1.5% in May. The Bank is tasked with keeping inflation steady at 2% and this has increased speculation the BofE may hike interest rates sooner than has previously been thought, given the economy is recovering, house prices are rocketing, and the unemployment rate is...

GBPEUR Rates are very impressive!

GBPEUR exchange rates have risen again today on the back of interest rate expectations in the United States and a belief the UK too will be raising their base rate too. The Euro is essentially bottom off the class at present with investors having all but given up on holding the currency following a very tricky year for the single currency. The most important thing left this week is the news from the Eurozone for Unemployment and Inflation data at 10.00 am. This potentially has...
GBP EUR Looks to Employment Figures for Support

When to BUY or SELL Euros? Currency Forecast ( Andrew Bromley )

The Pound Euro exchange rates have fluctuated in line with Greek announcements today, as yet again they are back at the forefront of currency news. Today is the quietest day of the week from a data point of view, hence the almost second rate Greek update providing the market movement. Tomorrow is UK and Eurozone Inflation data, followed by EU trade balance figures. Wednesday is the release of the Bank of England's most recent minutes, potentially indicating a change in voting towards a hike. I personally feel...
ECB interest rates and Brexit update

Sterling Finds Strength From Inflation Data (Ben Fletcher)

The UK’s Consumer Price Index for July came in 0.1% above the expectation providing Sterling with a platform to springboard back into the 1.15’s. Having been the victim of bad news of late, some good news has not gone a miss. The increase in fuel and a weak currency adding to the cost of imports have forced inflation upwards, which in the current circumstances caused the GBP/EUR rate to follow suit. Due to the major movements with the currency it seems plausible that inflation will continue...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

All Eyes turn toward Eurozone GDP Figures (Daniel Johnson)

Things seem to have calmed down after "Black Monday", there seems to be some form of stability in the markets. I am bold enough to say the days of 1.40 are over and I still feel Sterling is overvalued. If you are looking to purchase Euros short to Medium term I would be tempted to get something done. There seems to be a resistance level around 1.37 at present. Eurozone GDP figures are due in tomorrow and there is expected to be a rise, however...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Woeful UK data sends Sterling into Freefall. (Daniel Johnson)

Public Sector Net Borrowing came in this morning at 9.30am at £13.557bn considerably higher than expected and almost twice the previous reading which was 6.748bn.  This is not the only worrying statistic to be released of late, the Office of Budget Responsability (OBR) has recently stated that British families are running a £40bn deficit. Increased global economic confidence has led British families to spend substantially more than they are earning. George Osbourne is relying on the British families digging themselves deeper in to debt in...
Pound to euro Awaits ECB Rate Decision for the Next Path

Sterling Exchange Rates Fall for Second Day Running (James Lovick)

The pound has fallen for the second day running following what was better than expected UK Gross Domestic Product (GDP) numbers. The official data showed GDP now sits at 0.5% for the third quarter which is made up of the three months post Brexit referendum. Under normal circumstances the pound would have made gains but it appears that the Brexit concerns are not going away. It should be an interesting weekend for British politics considering ex-Prime Minister Tony Blair today has effectively called for another...

Euro Strengthens against Sterling following Eurozone Unemployment (Tom Holian)

Eurozone unemployment came out this morning at 12% in line with expectation which helped the Euro to strengthen against Sterling move from 1.22 to below 1.21 during this morning's trading session. Inflation levels also did not fall as anticipated which led to Euro strength against both the US Dollar and Sterling. With inflation not falling this has removed the chance of an interest rate cut next Thursday by the European Central Bank which previously led to Sterling hitting 12 month highs against the Euro. With a...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Will GBPEUR go even higher?

GBPEUR exchange rates might rise even further this week with the European Central Bank carefully poised to announce further QE or Quantitative Easing. The expectation is that the rates will rise higher (ie the Euro will weaken) because the prospect of more QE is high! QE is bad because it artifically increases the money supply of said currency which devalues the value of what is available. Expectations are now for worries about the Eurozone economy that had previously been put to bed to be...

Sterling Euro exchange rates dip a little following positive European economic data (Daniel Wright)

The Pound made minimal losses this morning against the Euro but mainly down to Euro strength as opposed to Sterling weakness. European data that was released this morning has led to a slight surge in strength for the Euro. Service and manufacturing data for the Eurozone came out surprisingly strong so the Euro has made gains this morning however I would expect them to be wiped out should GDP (Gross Domestic Product data) for the U.K come out strong as is generally expected. The release is due...