GBP EUR Looks to Employment Figures for Support

Will GBPEUR keep rising? Does the ECB know what they are doing?

The pound to Euro rate has risen very nicely in the last week presenting good news and a fresh opportunity for anyone with a currency requirement to buy Euros. Will this carry on is the key matter and I think there is a good chance it will. At 09.30 am this morning we the latest UK Unemployment Data which could be GBP positive, although tomorrow is the more important data with the release of the latest European Central Bank (ECB) Interest Rare decision. This...
GBPEUR Backs off from 1.1750 Ahead of BoE Rates

Flat day for Sterling with little data released, but what factors could impact the...

There hasn't been much movement on the currency exchange markets today, as there hasn't been any major data releases or political unfolding's to provide the Pound with much direction. Its likely that moving forward GBP exchange rates will continue to be driven by politics for the most part, especially surrounding Brexit related updates but I think that economic data is beginning to have more of an influence on the Pounds value. Sterling would most likely be trading at a higher level than its current prices had...
GBPEUR Forecast – Internal Market Bill Drives GBP Lower

Sterling Declines Against the Euro as Concerns Grow over Hung Parliament

The pound to euro exchange rate stands at 1.1632, at the time of writing. This is 0.75 cents or 0.65% below sterling’s six-month high versus the Eurozone’s common currency, reached last Monday 18th November, at 1.1725. In part, the sterling vs euro interbank exchange rate has weakened this week, because the financial markets are increasingly uncertain that next month’s UK general election will deliver a stable, majority government. Also, sterling has weakened, because the UK’s manufacturing and services PMIs (Purchasing Managers Indices) for November...
Pound to euro Awaits ECB Rate Decision for the Next Path

GBP/EUR sees further losses today, this time from events in the US (Joshua Privett)

Pound to Euro exchange rates have come under further pressure in the afternoon trading session today, with rates coming back down to the early 1.17's on GBP/EUR, after a brief recovery in the morning was quashed. Monday was where the most extreme losses on GBP/EUR could be found, with the result of the first round of the French election driving exchange rates down into the high 1.17's after rates had touched on 6 month highs in the 1.19's earlier last week. The reason for the euphoria...

GBP/EUR Dips During Friday’s Trading (Matthew Vassallo)

GBP/EUR rates have fallen back below 1.28 during Friday’s trading, ending a volatile week for the currency pair. As widely anticipated the BoE & ECB kept interest rates on hold at 0.5% and 0.05% respectively on Thursday, with the BoE also indicating that they would not be adding to the current Quantitative Easing programme. Any rise in UK interest rates is now likely to be pushed back to the third or fourth quarters of next year; news which if confirmed is likely to dampen investor...
GBPEUR Higher After Positive Jobs Number

GBPEUR Higher After Positive Jobs Number

The GBPEUR exchange rate was 0.10% higher on Tuesday after a better-than-expected employment release. The UK saw 84,000 jobs added, compared to the 50,000 expected. Clouds still loom over the jobs data and traders are not getting overly excited by the data. The GBP to EUR trades at 1.1640 and European Q1 GDP numbers at 10am will be key for the day. Jobs number better but clouds still hover The UK saw a rare positive jobs number this morning as the economy comes back online and services...
GBP EUR Exchange Rate: Week in Review August 28th

GBPEUR Exchange Rate: Week in Review April 17th

The GBP to EUR exchange rate was weaker for a second week after sterling failed to bounce on positive GDP readings.
Pound to Dollar Rate Pares Losses

GBPEUR: Will the Pound Bounce Back This Week?

Sterling exchange rates took a huge knock over the course of trading last week, losing significant ground against most major currencies with a large decline over the course of the trading week. The GBPEUR lost over 4 cents and GBPUSD over 5 cents during the trading week, touching 1.07 and 1.27 as an interbank rate of exchange against the two currencies respectively. Much of the losses were put down to Brexit concerns, and Sterling made huge losses as the week continued due to an increased...
GBP EUR Looks to Employment Figures for Support

GBP/EUR Ends the Day on a Low (Ben Fletcher)

Having started the day just breaking into the 1.09’s the GBP/EUR has spent most of the afternoon slowly declining down to the low 1.08’s. There had been optimism at the end of last week that we may have moved back to the 1.10 level this week however that now looks a stretch too far. Tomorrow the day starts with a whole raft of Purchasing Manager Indexes for the EU and individual nations. This data provides an indication into the business confidence and like previous months...

GBPEUR rates update – Selling euros – buying euros – STEVE EAKINS

Euro continues to fight but it’s just a short-term win I think, Sterling strength will probably return next week.  Today I expect to be one of the last days for EURO sellers to take advantage of this short term opportunity to get a price almost 3 cents better than the start of last week.  There is so much data due from the UK next and with so much positive news it is expected to create some real strength for the Pound.  GBPEUR traders as...