GBP/EUR exchange rates creep up over the course of the trading week

Help Trading Sterling

The Pound Remains Fragile The pound has fallen significantly against the majority of major currencies following a host of poor economic data. This has put a halt to a rate hike from the Bank of England (BOE). It looks as though a rate hike this year is now unlikely. GBP/USD – Sterling has fallen heavily against the greenback, this is not just due to the poor monetary policy forecast from the BOE it is also due to positive news from the US. US Treasury bonds now...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

Will the pound rise or fall this week?

The pound could be in for a good week with a series of important economic releases scheduled which might create some good short-term opportunities for clients looking to buy or sell the pound. Personally, I expect the pound to struggle as recent confidence that the UK will raise interest rates starts to ebb away. The pound has been falling ever since the Bank of England confirmed no rate hike, perhaps for this year and not until 2019. The market was very hopeful of a stronger...
Pound to US Dollar forecast Brexit continues to subdue business confidence in the UK

Positive data and Brexit progress causes Sterling strength

Employment data and average Earnings gives the Pound a boost Yesterday provided some much needed positive data for the UK. Things were looking very bleak following recent inflation, retail and GDP data. GDP landed at 0.1% the worst figures for five years. A rate hike from the Bank of England (BOE) was no longer justified and investors lost faith in the pound with the chance of a rate hike in 2018 looking like a long shot. Employment data was released yesterday and proved to be impressive, ...
Pound to Canadian Dollar forecast Brexit remains in Limbo

Sterling Rates finds support having fallen after Bank of England held rates

The pound suffered a poor performance following the Bank of England interest rate decision yesterday but has made a very small recovery since. Sterling exchange rates fell across the board yesterday on the back of the slightly more dovish commentary coming from the central bank. Although interest rates were held at 0.5% as widely expected the pound fell on the back of what was cited as an uncertain path with Brexit as well as the reduction in growth forecasts for 2018 which have been...
Australian Dollar Knocks Back Sterling as Risk Sentiment Recovers and RBA Keeps Cash Rate Steady

Sterling Rates find Support having Fallen after the Bank of England Holds Rates

The pound suffered a poor performance following the Bank of England interest rate decision yesterday but has made a very small recovery since. Sterling exchange rates fell across the board yesterday on the back of the slightly more dovish commentary coming from the central bank. Although interest rates were held at 0.5% as widely expected the pound fell on the back of what was cited as an uncertain path with Brexit as well as the reduction in growth forecasts for 2018 which have been...
Pound to Australian Dollar forecast Reserve Bank of Australia minutes will interest rates be cut further?

May interest rate hike from the BoE now in question

BoE Interest Outlook weakens Sterling After recent gains for the pound against the majority of major currencies we have seen the fragility of sterling demonstrated. We have seen a fall in inflation, retail sales and GDP. GDP fell to a five year low at 0.1%. A rate hike from the Bank of England (BoE) was largely factored into the exchange, but following a host of poor data we could see a hike delayed and this is the cause for the current fall in the Pounds...

Poor data releases could hold back BoE rate hike

Inflation and Retail Sales a concern for the BoE Following a host of positive data releases we saw significant gains for the pound against the majority of major currencies. GBP/EUR breached 1.15, GBP/AUD nearly broke 1.85 and GBP/USD got close to 1.45. There was a large rise in average wage growth and unemployment hit a 43yr low. A transitional deal was all but agreed for Brexit, granting the UK access to the single market for two years until a full exit from the EU. This all...

Sterling Supported ahead of EU Summit

The pound has rallied against most of the major currencies today with a good move higher against the Euro in particular. Rates for GBP EUR have now broken above 1.13 having seen a high of 1.1345 earlier today. Next week is likely to be hugely important for sterling exchange rates ahead of the EU summit 22nd & 23rd March. The transitional agreement on Brexit is expected to be concluded ahead of the summit for it to be put forward to the EU commission for final...
pound feels the weight of political uncertainty as the election campaign commences

When shall I move?

Sterling Seller Strategy - GBP/EUR, GBP/USD and GBP/AUD GBP/EUR – Sterling is suffering due to the uncertainty surrounding Brexit. One of the key points of negotiation is whether or not the UK financial sector will have access to the single market following Brexit. This is proving to be particularly difficult. Theresa May’s proposal was for the UK to continue to have access to the single market and to abide by the highest standards of international laws. This was declined by Brussels. The French wish to attract...
Pound to US Dollar forecast Bets increase on 50 basis point interest rate cut from the Fed What could happen to GBPUSD?

Sterling Exchange Rates Rally Close to 1.13 for GBP EUR

The pound continues to trade within a tight range as the markets still await new developments in the Brexit negotiations. The pound is currently trading at 1.1270 against the Euro and 1.39 against the US dollar having seen reasonable gains across the board today. Those clients looking to sell Euros for pounds have been presented with another good opportunity to convert. The focus is now largely on Brexit with the terms of the transitional arrangement expected to go through in the next couple of...