GBPEUR hits 1.2647

This is the high on the interbank exchange rate this morning and is a very welcome improvement following some tough weeks for Euro buyers. Euro sellers who missed the boat might do better to take stock of the still excellent levels to sell Euros for pounds compared to the rates on offer last year. Better UK data and uncertainty about what to expect this week from the European Central Bank meeting might lend support to further improvements, I have spoken previously about how I...

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...

GBPEUR rates fall but for how long? When to sell Euros – Steve Eakins

GBPEUR rates continue to fall as news from the Single Currency continue to show signs of improving. Only last week it was reported that Spain is now out of a recession.  Great news for EURO holders however buyers of the single currency should be concerned. It is a trend which I expect to continue for the short term so anyone with a currency transfer to make buying euros within the next 10 days may be wise to move sooner. Longer term however I think this will...
GBPEUR rate remains steady as markets await the Autumn Budget

Pound starts the week on the back foot (Dayle Littlejohn)

As expected the Pound has started poorly against the Euro this week due to the fears of a 'Brexit' vote. GBPEUR has fallen 1.4cents in the last 24 hours making a €200,000 purchase £1750 more expensive. Yesterday Barings Asset Management released a statement suggesting the Pound could lose 20% in value if they were to leave the EU which would push GBPEUR exchange rates to parity. Personally I believe the UK leaving the EU is going to have a negative impact on the Euro also...
Brexit news and Bank of England meeting to set the tone for the Pound to Euro rates

Bank of England keep rates on hold which causes the Pound to fall against...

The Bank of England confirmed yesterday that they would be keeping interest rates on hold and the vote was split 7-2 in favour of keeping interest rates the same. The Interbank level fell from 1.1450 to 1.1380 minutes after the announcement as some now feel that an interest rate hike may be a long time away from coming. UK GDP data which came out a fortnight ago showed growth was at just 0.1% for the first quarter and this was one of the principle reasons for...

Will the Pound Hit Parity?

After a bad week for sterling exchange rates the pound has tumbled further against the Euro after the third round of Brexit negotiations ended badly yesterday. There appears to be a lack of agreement between the British exit bill and any potential future trade relationship whilst the EU are not willing to discuss the latter until “sufficient progress” has been made on the divorce settlement. The lack of certainty is now causing concerns for businesses and individuals and this is reflecting in the weaker...
GBP/EUR exchange rates creep up over the course of the trading week

Euro rate forecasts

GBPEUR rates have moved significantly this week as the euro fait continues to fall. European data has continues to weaken this week and with the UK situation looking better and better rates have been reflecting it.  This is a trend I expect to continue with new highs expected this afternoon.  We have both central banks meeting today and there is an outside chance for a SPIKE.  This is when new information is released and the market prices it in quickly which normally is when...
New Trade Tariffs $200 Billion Announced - Dollar Supported

The Pound remains range-bound whilst predictions of parity for GBP/EUR remain (Joseph Wright)

The GBP/EUR exchange rate has remained range-bound during today's trading session, as the pair have been trading well within a cent throughout the day. Despite another positive day for Sterling exchange rates, GBP/EUR is still below 1.19 and nowhere near the psychological level of 1.20 which I think is key when predicting where the pair will be trading as they enter 2017. Since hitting the post-brexit low of 1.14, we have since seen the Pound gain and move up towards the late teens as a raft...

Exchange Rate Forecast – Best Rates of Exchange ( Andrew Bromley )

Sterling has had a recovery from its mini crash, as it has repatriated itself in the 1.27 region. The poor manufacturing data released on Monday and Tuesday had pushed the levels down from at a peak 1.2910 to 1.2690 yesterday. This was all happening whilst the Eurozone essentially anounced a negative level of inflation - deflation! This will be looked at under a microscope as on 21 st of the month the Eurozone Central Bank meet in Frankfurt to agree their ongoing Financial Policy....
New Trade Tariffs $200 Billion Announced - Dollar Supported

Will the pound crash? Why this is still a good time to sell Euros!

Many are predicting the pound will crash in the coming months. Some are talking of the pound dropping to 1.10 or even parity in the coming months, maybe weeks. Is this really possible? On balance I think it is unlikely it will tumble in the way some commentators have predicted. More often than not when there is such strong sentiment in the public domain, the opposite happens. That is not to say the rates will go back the other way, just that it where market...