GBP/EUR rates take a hit following numerous Bank of England announcements! (Jonathan Worrall)

GBP/EUR rates fell rather dramatically on what was being called 'Super Thursday' yesterday, plummeting from 1.313 down over a cent to 1.30. There was a whole host of UK economic data announcements that helped to cause that drop. The Bank of England (BOE) released their Quarterly Inflation Report, which showed the bank had cut its economic growth forecast for the UK from 2.5% to 2.2%. This was always going to be quite likely in my opinion, as a whole multitude of other UK economic data...

GBP/EUR rates likely to fall today (Joshua Privett)

With a quiet day for economic news before inflation data for the Eurozone is released on Friday, the consensus among analysts is for further Euro strength against the Pound. While today will not have any economic insights into either side of the Channel to weaken or strengthen either of the respective currencies this website is devoted to, Euro strength is still expected thanks to developments over in the US. Regular readers with note that because the USD/EUR is the most traded currency pair in the...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR rates continue to fall and the forecast is for a further drop –...

GBPEUR rates continued their fall this week as we saw a continual run of 6 days of losses for the currency pair.  We also saw GBPEUR down for July which made the fourth month in a row.  As a result it is safe to say that the trend is against anyone buying a property or service in the single currency or anything for that matter with the Pound. Unfortunately there is very little to pin hopes on for any form of recovery in the...

GBP/ EUR drops by a further cent in today’s trading! (Dayle Littlejohn)

This morning GBP average earnings and Unemployment rates came in lower than expected which pushed GBP/EUR into the low 1.38s. In recent days GBP has been losing ground against the Euro and we have seen a 3 cent swing in 3 days. I believe we have seen the best rates for GBP/ EUR and anyone thinking about purchasing Euros may be wise to move sooner rather than later. For further information on the currency markets feel free to email me on drl@currencies.co.uk or alternatively call...
New Trade Tariffs $200 Billion Announced - Dollar Supported

What to expect tomorrow for GBPEUR exchange rates (Dayle Littlejohn)

With the ECB set to release their latest interest rate decision tomorrow at 12:45 tomorrow I expect a volatile trading session for GBPEUR exchange rates. The interest rate decision itself, I expect will be a non event as rates are sitting at record lows (0%). However it's President Mario Draghi's speech shortly after which should cause peaks and troughs in the market. The major talking point will know doubt be the quantitative easing program that is set to run until March 2017. It's been reported...
Brexit vote

GBPEUR increases due to US Presidential Election (Dayle Littlejohn)

Yesterday the US public shocked the world by voting for Republican Candidate Donald Trump to become the next President of the United States of America.  Currency markets fluctuated throughout the day, however sterling finished the day up against all major currencies. Many of my clients have asked why the pound has gained value and I actually believe Donald Trumps comments in the past about a trade relationship between the US and UK has increased investor confidence in the UK. However for euro buyers I think will...
GBPEUR rate remains steady as markets await the Autumn Budget

Will Sterling fall even further against the Euro as we enter the New Year?...

Sterling Euro rates have taken a massive tumble during December as the British economy has started to show sings of a slowdown. We have seen both Industrial Production figures as well as manufacturing data come out at their lowest levels for almost 4 years and my belief is that as Sterling was so high vs the single currency for the last few months this is the reason why British exports have struggled and therefore this is being proved with the recent data announcements. Inflation for the...
GBPEUR rate remains steady as markets await the Autumn Budget

Brexit Repeal Bill due today and the impact on Sterling Euro rates (Tom Holian)

The UK will announce today their plans for the Repeal Bill which essentially means that the UK will apply the same laws in the UK before the Brexit vote whilst giving power to parliament in order for them to be able to change them at a later date. There is already a lot of disagreement between the various political parties but the plan is not due to be debated until later this year but will need to be put in place by the time the...

Pound euro rates remain good but for how long?

Pound Euro rates remain excellent for Euro buyers but for how long? The next step is the 1.20 but this will take a very long time to hit. We need to see a really big push on the market to get it that high and at the moment it is difficult to see exactly where this ill come from. For now if you are buying euros I really think current levels are well worth taking advantage of... If you have a requirement to buy or...
GBP/EUR exchange rates creep up over the course of the trading week

A stable government is needed for a Pound rally (Daniel Johnson)

Theresa May's position has now been brought into question following her call for a snap election and the aftermath. Her decision to call an election when the opposition seemed so weak back fired when the conservatives failed to win a majority victory. Attacking tory core voters was deemed a poor move by senior conservative members. The PM's stance on Brexit is causing much unrest, with the DUP now in place alongside the conservatives it has been rumored we could be moving towards a softer...