GBPEUR plummets due to Mark Carney

Late last night Governor of the Bank of England Mark Carney told the BBC that an interest rate hike would occur this year but failed to announce that it would happen at the May meeting. He did state Brexit negotiations and the performance of the UK economy will dictate when the hike occurs. This was seen as extremely dovish by investors and the pound was sold off. The Governor also spoke about inflation and said as always inflation needs to be monitored closely. With inflation...
New Trade Tariffs $200 Billion Announced - Dollar Supported

Will GBPEUR rise or fall in June?

The pound has been rising against the Euro for various reasons but just lately we have seen it slide as we see a quick turnaround in events. The key issue has been the volatility of the Eurozone, this has all centred around the Italian uncertainty as markets try to digest what exactly will happen next. One moment we have been bracing ourselves for the worst, the next the markets settle as investors feel everything will be okay. The month of June opens up a whole host...

GBP Forecast – Another Tough Day for the Pound

It’s been another testing day for the Pound, which has seen its value decrease against the majority of major currencies. GBP/EUR rates have remained fairly flat throughout the day, with the pair range bound between 1.13750 – 1.1423. This is likely due to the recent pressure, which has been building on the Euro. The Eurozone economy has flattened of late, with political instability and concerns over trade wars cooling investor confidence in the single currency. This in turn has helped support Sterling around the current levels...
Poor UK economic data and Brexit uncertainty causes the Pound to fall against the Euro

Poor UK economic data and Brexit uncertainty causes the Pound to fall against the...

The latest news from Brexit has continued to dominate what is happening to the Pound vs the Euro at the moment. Sterling Euro exchange rates are now close to their lowest levels to buy Euros since November 2017 and I think we could see further losses ahead for the Pound against a number of different currencies. UK economic data published earlier this week in the form of inflation and retail sales both fell below expectation and this has led to a fall in confidence in the...
GBPEUR rate remains steady as markets await the Autumn Budget

What next for pound to Euro exchange rates?

The big news on the pound to Euro rates now is when will Theresa May trigger Article 50. With the Bill to trigger Article 50 passed into law the next milepost on the journey is the long awaited use of it. I personally expect that the rate will rise above 1.15 possibly towards 1.17 once the Article 50 is enacted but we could quite easily rates slip back towards 1.10. This is the kind of information that will prove useful to clients monitoring the...
GBPEUR rate remains steady as markets await the Autumn Budget

1.41 on the markets! (Joshua Privett)

Fantastic retail sales figures released today shocked the markets, providing a stark rebound for the UK economy after a poor performance in March. Markets were sceptical when Mark Carney, Governor of the Bank of England, as well as other commentators had put the -0.5% contraction in March down as a 'seasonal phenomenon'. But those saving after Christmas, ahead of summer, and in poor weather conditions, finally came out to spend in April, and clocked a growth of 1.4% in Retail Sales, causing the Pound...
Pound vs Euro closes in on a 5 month high

GBP/EUR exchange rates next move all down to Bank of England decision

GBP/EUR exchange rates have remained fairly stable over the course of the trading week, keeping within similar levels that we have seen in recent weeks. Yesterday, European economic data failed to impress but that was still not enough to break the pairing out of this range and had very little impact on market levels. Brexit appears to be holding back the Pound from making any major positive movements against any currency at the moment, the uncertainty that it brings is casting a grey cloud over the...
UK inflation to take centre stage tomorrow

UK inflation to take centre stage tomorrow

In recent weeks the pound has been making gains against the euro. Average earnings numbers and growth forecasts have increased, which reinforces the Bank of England's decision to raise interest rates. Furthermore the ongoing Brexit talks have been a lot more positive in recent weeks. Head EU negotiator Michel Barnier told the media that he believes a deal could be reached in 6-8 weeks (November), and only this week reports are suggesting that the UK and EU may have found a resolution in regards...
Average earnings alongside France provide a boost for the pound

Will the Euro continue to strengthen and will Carillion drag the Pound down? (Joseph...

The headlines surrounding the Euro at the moment are that the currency is currently trading at an all time high against the US Dollar. The gains are generally being put down to the strong economic outlook for the Euro and also expectations that the European Central Bank will begin to cut back on the current stimulus package as the economy justifies it. Many economists expect to see the Euro hold its ground at the current levels, and when compared with the Pound I think we...

Brexit negotiations to dominate Sterling vs Euro exchange rates (Tom Holian)

Brexit talks are again set to dominate Sterling Euro exchange rates as Prime Minister Theresa May has been told that she has a fortnight before she has to add more money to the pot if she wants talks to progress between the UK and the EU. EU Council President Donald Tusk is preparing to take things forward but he has said that he wants the UK to move forward on the issue of the divorce bill as well as the Irish border. At the moment the...