GBP/EUR rates see net gain following US interest rate hike (Joshua Privett)

GBP/EUR exchange rates were all over the shot yesterday both before and after the 19:00 deadline for the US FED to release their interest rate decision. This ended up as the first time that a major Western economy has raised rates since the financial crisis, which explains why the ripples throughout the currency markets saw movements similar to that of a YO-YO.  Before the decision rates moved as high at 1.385 before tumbling down to the low 1.36's and then sharply recovered back up to...
GBP/EUR Rates: Third meaningful vote is delayed for now, but will May gain enough support to try again?

GBP/EUR Rates: Third meaningful vote is delayed for now, but will May gain enough...

Over the weekend it appeared like UK PM, Theresa May would attempt to have her Brexit deal voted on one final time in order to have the UK leave the EU under her terms, although this is now looking less likely. Reports had suggested a vote would take place either yesterday or today but May appears to have failed to gain the support needed to have a chance of winning, especially after a conversation between herself and the DUP leader Arlene Foster yesterday failed to...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

GBP/EUR range bound mainly trading around 1.2050 (Ben Amrany)

GBP /EUR has been fairly range bound today with a low to high of around 1 cent. We witnessed the pound rise against all of the majors after the UK posted teh best construction figures since 2007 a sign that the economy really is moving in the right direction. Tomorrow eyes will focus back on the Euro zone as they will release all of their services data and this could go some way to cement the pound back above 1.21 should a negative number occur....

A busy morning ahead for UK and EU data releases (Joshua Privett)

UK GDP figures for the first quarter of 2015 are due out early this morning, which is the second revision after further data releases for economic activity between January and April. The expectation is for a 2.4% growth to be shown. This was largely expected, so any divergence from this mark will cause positive or negative volatility for the Pound. More important is the release of consumer confidence figures this morning for the Eurozone as a whole. Due to the Eurozone flirting with deflation, and...

Could Sterling improve against the Euro before the end of 2016? (Tom Holian)

The Pound has made considerable gains during the last two days of the week as the European Central Bank announced that they will be extending their current Quantitative Easing plan past March 2017. The current plan is for EUR80bn per month and now the amount will be reduced to EUR60bn but the plan has been extended for another few months as the ECB struggles to combat falling inflation on the continent. This has led the Pound to make gains vs the single currency providing those looking...

Expect Volatility as the EU Referendum nears (Daniel Johnson)

The EU referendum is the key factor in any GBP/EUR trade. Buoyancy levels are heavily dependent on where the polls sit at the time. We have UK manufacturing and industrial production figures tomorrow at 09.30, but I expect little movement on GBP/EUR, if anything a slight decline due to the uncertainty created by a potential Brexit. In the build up to the referendum I expect GBP/EUR to move in both directions. If you are buying Euros I would be looking to move if the...
GBPEUR rate remains steady as markets await the Autumn Budget

How to get the Best Exchange Rate for Currency Transfers? Read on to Learn...

If you need to move more than £5,000 or an equivalent amount of Euros into a foreign bank account, what is the best way to go about it? The first port of call for most people in this position is their bank as it is fairly convenient and straightforward. You visit the bank in person or their internet / telephone service and you provide all of the details on where you need to transfer the money. Unfortunately bank exchanges rates are extremely unempetitive compared...
Pound to Euro Forecast - Brexit Extended

Pound to Euro Forecast – Brexit Extended

How could an extension to Brexit affect the Pound to Euro forecast? The Pound to Euro exchange rate has made some small gains following the latest Brexit developments from Brussels last night. The GBP to EUR rate is moving higher towards 1.16 for the pair after the EU agreed to delay the Brexit deadline until the 22nd May on the condition that Theresa May is able to find support for her Brexit deal in the House of Commons. If not then the Britain will...
GBPCHF rates hit near 3-month highs

Why Has Sterling / €uro Fluctuated So Much Today? What’s Next? Andrew Bromley

  Firstly Sterling opened up at a month low of 1.1580. One of the best times of late to buy Euros. The Sterling drop was a response to the International Monetary Fund (IMF) lowering the UK's growth forecast from 1% to 0.7%.  The IMF also noted that with regard to the UK economy, George Osbourne should 'reign back his austerity plans'. The IMF (which rarely gives advice) said, "Greater near-term flexibility in the path of fiscal adjustment should be considered in the light of lacklustre private demand." This translates to you and I as,...

European Banking Stress Tests to cause volatility for Sterling Euro exchange rates (Tom Holian)

Sterling Euro exchange rates have been trading in a rather large range during today's trading session in anticipation of tonight's European Banking stress tests due to be published at 9pm this evening. The tests will involve 51 European banks with a minimum of €30bn worth of assets and the chances are that we'll see some of the banks potentially fail the test conditions. Most at risk of failure are some of the Italian banks and with their current debt levels as much as €550bn with almost...