Sterling hits 1.23 following UK Inflation Data (Tom Holian)

Sterling Euro exchange rates have hit 1.23 as UK inflation came out higher than expected this morning. Inflation rose to 1.8% in April from 1.6% in March and this puts a bit of pressure on the Bank of England to possibly raise interest rates sooner than first predicted. Last month's figure was lower than wage inflation which also led to Sterling strength as with wages on the rise in the UK this could ultimately lead to more consumer confidence. More confidence would result in more spending...
GBPEUR Exchange Rate: Week in Review April 2nd

Inflation report will be key for GBP/EUR for the rest of the week. (Ben...

Sterling has been slowly declining from the recent highs of 1.2240 that w e saw a couple of weeks ago. It hit a low of 1.1970 and is now trading back at 1.2050. The fall in sterling so quickly was concerning for those looking at buying the Euro but more positive for Euro sellers. Tomorrows Inflation report by the Bank of England will be eagerly watched and will be interesting to see the effects it has on the pound. This report, released at 10:30, will...

UK Retail Sales Figures Give Sterling a Boost! (Matthew Vassallo)

Sterling received a boost during Thursday morning trading, following the release of the latest UK Retail Sales figures. The official figure came in far above expectation at 1.9% and the market reacted immediately with GBP/EUR moving towards 1.38 at today’s high. This move was certainly unexpected but is a timely reminder of how fragile the Eurozone and indeed the single currency remains. Another reason for today’s slide on the EUR is European Central Bank (ECB) president Mario Draghi’s public address, where he mentioned that the...
GBPEUR Exchange Rate: Week in Review April 2nd

A mammoth day for Sterling Against the Euro (Joshua Privett)

The day started off with most focussing on Saudi Arabia, wondering how the death of the State's leader will affect the oil markets. The massive movements the day before from the Press Conference at the European Central Bank was a backburner story. It seemed the markets had settles since then. What followed was the Euro falling as much as 3 cents against Sterling, reaching fresh 7 year highs against the Euro once more. Will the rates get higher? These rates are purely based on Euro weakness....
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

A good day for Euro buyers (Dayle Littlejohn)

Today GBPEUR exchange rates have increased by over a cent and a half making a  €200,000  purchase £1,900 cheaper.  The pound had a terrible end to the week and therefore I am not surprised to see investors buy the cheap pound. Further to this it appears a takeover has materialised of Tata Steel which is a much needed boost to the UK economy. Tomorrow morning is the latest UK inflation numbers for the UK and a slight rise is expected. If this materialises I wouldn't be...
Pound to Euro Exchange Rate: The Week Ahead March 28th

Pound to Euro Exchange Rate Forecast: Will the Pound to Euro Rate Fall Any...

Pound to euro exchange rates staged a solid recovery last week, having bounced back off the 1.0533 lows seen in the previous week. A rebound in confidence relating to the outlook ahead from the Coronavirus helped the pound to make some inroads against the single currency. Last week, the rout appeared to be taking off again near the beginning of the week but by Wednesday the GBPEUR interbank rate was back over 1.10. Much of the reversal of sentiment has been linked to the response...
Pound to Euro Gains as Traders Still See Positive Brexit Outcome

Sterling Euro Exchange Rates Continue to Fall (Tom Holian)

Sterling Euro exchange rates have once again continued to fall as the expectations are that we're in for another difficult week ahead for the Pound. Bank of England governor Mark Carney is due to speak publicly tomorrow morning and when he spoke last week this saw Sterling Euro exchange rates hit their lowest level in 12 months. He suggested last week that UK interest rates are unlikely to go up until 2017 which has caused a big fall in confidence for Sterling. When you look at the...
GBPEUR Back at 1.16 Despite Better Jobs Number

GBP EUR Volatility Expected as Brexit End Date Looms

The Pound is now set for a volatile period ahead as we move into the Autumn and the political engine restarts today after the summer recess. Rates for GBP EUR should remain incredibly sensitive to any news relating to the ongoing Brexit negotiations. It is fair to say that Brexit will dominate the majority of Parliaments discussions and so any change of direction in where this is all heading should see the Pound react. Whilst there are no specific Brexit debates scheduled for this week...

GBP Rises Despite Mixed Economic Data for the UK (Matthew Vassallo)

GBP/EUR rates have spiked during Friday’s trading moving rates back through 1.25 on the exchange. It’s been a volatile week for GBP/EUR with mixed data for both the UK and Eurozone. Considering the up and down nature of this particular trading week it shouldn’t have been a surprise when the markets were once again thrown by worse than expected UK Retail Sales figures, which were released yesterday. The effects of this could yet hurt the Pound so if you do have an upcoming EUR...
Pound to Euro Under Pressure as BoE Consider Stimulus

GBP Investors Breathe Sign of Relief as BoE Leaves Cash Rate Unchanged

The pound continued to be muted as the UK awaited its Bank of England interest rate decision which was released at 12:00 GMT, the decision made by the central bank was to keep the interest rate the same at 0.75%. This decision will likely have a huge impact on the direction GBP takes. With the cash rate being unchanged, optimism in the GBP is likely to return, with the bank voting in favour of GBP’s recent economic strength and deeming it worthy enough of...