Eurozone GDP data to set the tone for GBPEUR rates this week (Tom Holian)

Sterling Euro exchange rates dropped to their lowest level all week on Friday following the news that the House of Lords have challenged the latest Brexit bill. The Lords want to retain the rights of the European people who are currently living and working in the UK which there are over 3.2 million and they also want an agreement to be reciprocal for those Britons living and working on the continent. This latest challenge to Theresa May's plans may delay the triggering of Article 50 and...
GBPEUR rate remains steady as markets await the Autumn Budget

Manufacturing data this morning could give the pound a boost

Sterling exchange rates have a had a tough time in the past week following the first interest rate decision under the new governor Mark Carney in which indications were given for the base rate to remain low for many months to come. This put pressure on the pound and we have seen rates shift nearly two cents since last Thursday. This negative news as far as the pound is concerned goes against the grain of late as much of the data sets from the UK have...

The GBP/EUR ‘post’ gets knocked a little further into the ground! (Jonathan Worrall)

Today we have seen the GBP/EUR rate 'post' knocked further into the ground metaphorically speaking, with the rate dropping into the 1.26s. This the lowest level we have seen for 16 months, and comes at the time of great uncertainty regarding the UK's future. Having secured a new reform deal for the UK and its position within the European Union (EU), the UK population will now face a referendum on the 23rd June to decide whether or not they wish to remain part of the...

UK Trade balance figures this morning one to watch (Mike Vaughan)

With the pound having lost value in excess of 2% against the single currency those clients looking to secure funds in excess of 1.21 and beyond have had somewhat of a shock in the last week. For me I feel this dip is temporary and some of the softer data sets from the UK may be as a direct result of the recent adverse weather conditions in the UK and it will be interesting to see what impact this will have on official GDP...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR near 1.20 – Trading at 9 month high – Best Time to Buy...

Sterling prices have had a great week – prices have reached a fresh 9 month high of 1.1960 and the next question is whether 1.20 will be breached?  Towards the end of the week sterling did see a slight slip following the UK Retail figures which showed a surprising fall so really we need to see gains of over 1.5 cents before 1.20 is broken.  This will also have to be a large piece of data as at those levels automatic buy orders will...
GBPEUR rate remains steady as markets await the Autumn Budget

When will Article 50 be triggered and the impact for Sterling vs Euro exchange...

It was announced yesterday in a high court ruling that the UK government must seek parliamentary approval before being allowed to trigger Article 50. Only a month ago Prime Minister Theresa May planned to start the negotiations to leave the European Union in March but this may now be delayed. This gave the Pound a brief period of support against the Euro but there is still a huge amount of uncertainty surrounding the issue. Theresa May is due to tell European Commission president Jean-Claude Juncker that...
Sterling's losses continue due to lack of faith in the PM's Brexit plan

Sterling’s losses continue due to lack of faith in the PM’s Brexit plan

Following a torrid week for Sterling against its EUR counterpart, the key question facing investors now, is whether this negative trend is likely to continue over the coming days. GBP/EUR rates have fallen below 1.12 this morning, hitting 1.1178 at the low. Despite the Pound finding a level of support around this threshold, any sustained recovery back above 1.12 looks unlikely in the short-term. Investors have been selling-off their Sterling positions ever since former Foreign Secretary Boris Johnson and Chief Brexit negotiator David Davis resigned from...

European inflation figures are key for GBP/EUR rates today (Daniel Wright)

This morning we have a flurry of key inflation figures out from Europe which will no doubt set the scene for how this currency pairing may trade throughout the course of the day. Inflation figures for the U.K had a big impact on the value of Sterling on Tuesday, dropping the Pound in value against all major currencies which just goes to show how important this information can be. The Euro is currently slightly down against Sterling so far this week and should we see a...
Average earnings alongside France provide a boost for the pound

GBP/EUR largely stable following last night’s debate (Joshua Privett)

Buying Euro levels, GBP/EUR, have been seen standard market movements this morning, both positive and negative, but as I write this article the rates of exchange are almost exactly where rates began the day. Markets had been trading negatively to begin the day, largely down to the still uncertain vote split on the poll of polls surrounding the Referendum itself. But this was stalled thanks to some positive manufacturing figures for the UK economy, the first of which following months of negative contractions. This is likely...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR rates calm before potential QE, GBPEUR rates, currency prices, Selling Euros, Buying Euros...

GBPEUR rates have stayed steady today, the calm before the storm some say.  This week the busiest days are yet to come with both European GDP figures tomorrow and the Key Interest Rate Decision both in Europe and the UK on Thursday.  GDP figures are expected to show an improving picture for the single currency and make the euro more expensive to buy.  Thursday’s Interest Decision in the UK and Europe will certainly make for an very interesting 120 minutes.  Europe is expected to...