GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Pound Sterling Rates Rally against the Euro (Tom Holian)

Sterling vs the single currency reached 1.42 on Interbank levels at the close of business Friday as problems still persist for Greece. Even with Eurozone inflation coming out better than expected this briefly helped to strengthen the single currency vs Sterling but the positive movement was short-lived. Next week the Eurozone release Retail Sales on Wednesday with expectations for 2.4%. Anything higher could see a small opportunity to sell Euros into Sterling. However, across the Pond the US appears to be getting closer to raising interest rates. This is...
Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

GBP EUR Rallies On Expectation of Increased EU Divorce Offer

The pound has found some support at the end of this week after a poor performance across nearly all of the major currencies. GBP EUR has pushed back over 1.12 this morning after rumours have circulated that UK Prime Minister Theresa May will possibly look to increase her offer of a financial settlement to the EU from €20 billion to €40 billion. Theresa May is in Sweden so any commentary here is likely to have an impact on the price of sterling. If an offer...
Pound to Dollar: Pound Slides as Brexit Talks Flounder Over Fishing

Brexit Negotiations Remain Key to Pound to Euro Rate

Pound to euro held on to a weekly gain of 1% despite coming under heavy selling pressure Friday afternoon. The pound to euro exchange rate closed the week at 1.0915 having reached 1.1008 the day before and dipped to 1.0775 exactly 1 week prior. The pound is being heavily influenced by on-going Brexit talks and the currency pair is highly sensitive to media headlines and information leaked from sources close to the negotiations. Brexit talks have been gridlocked for sometime as the UK and EU...

What’s in store for the Euro? (Mike Vaughan)

Sterling has had a relatively stable time against the Euro over the past few weeks having shifted just 1.3% over the past month, this is not a particularly big spread during this length of time but fortunately for Euro buyers the month high was reached on Wednesday. For me the major release for Europe and the direction of the Euro could depend on the next ECB interest rate meeting scheduled next Thursday. On Wednesday inflation figures in the Euro Zone fell further below the target...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

IMF to raise growth forecasts for U.K today? (Daniel Wright)

I heard on the radio this morning that the IMF (International Monetary Fund) are due to raise their growth forecast from 1.9% to potentially 2.4% which could lead to  a good solid day for Sterling exchange rates against the Euro. With economic data in the U.K coming out extremely positive over the last 6 weeks or so, Sterling is having a good start to the year against all major currencies and it does not look set to stop at present. If you are looking to sell...
GBPEUR Showing Weakness Despite Strong Data

Sterling Makes Gains Following Poor Eurozone Data (Matthew Vassallo)

The Pound made some inroads against the EUR today, following some worse than expected Eurozone data this morning. Poor Manufacturing & Services figures caused the EUR to lose over half a cent against the Pound, which has given those clients holding Sterling some much needed respite. Sterling’s recent poor showing can be attributed to a number of factors, not least the uncertainty created by our on-going exit from the EU and whilst many regular readers may sick of hearing about Brexit, unfortunately it is likely to...
Pound Sterling Breaks Out Above Key 1.14 Level Against the Euro

Sterling vs Euro Interbank Rate Hits 39-Month High as Tories Win

The sterling vs euro interbank exchange rate has reached 1.2081 today. This is its highest in 39 months, or since September 3rd 2016. By contrast, back on August 10th this year, the pound was as low as 1.0646 versus the Eurozone’s common currency. So it’s since strengthened by 13.47%, or by over 14 cents. The pound has risen in value against the euro, in part because Prime Minister Boris Johnson’s Conservative Party has won a clear majority, at the UK’s general election. At the time...
GBPEUR Showing Weakness Despite Strong Data

How will the Budget Statement impact Sterling Euro exchange rates? (Tom Holian)

Sterling Euro exchange rates are waiting in anticipation for Wednesday's Budget Statement due to be released by Chancellor George Osborne. In what is his 8th Budget in a row the currency markets have remained relatively quiet this morning. Eurozone industrial production data saw its best growth rate in 6 years which typically would have strengthened the Euro vs the Pound. However, the markets have overlooked this release which seems to me as though investors are waiting to see what will happen on Wednesday. UK unemployment figures are due to...
GBPEUR Gains After Weaker German Retail Sales

Buying Euro rates fairly stagnant today despite horrific attacks in Germany (Joshua Privett)

Seemingly two opposing forces have hit the marketplace today, with GBP/EUR as a result moving heavily but showing little net change by the close of play today in UK markets at 6pm. GBP/EUR oscillated by only 0.7 of a cent between the high and the low today with, at the time of writing this post, only a net change of 0.16% from the beginning of the opening to the close of play. The utterly abhorrent news emerging out of Germany overnight warranted some shedding of the Euro...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

Will pound euro rates remain above 1.20?

Next week is the Bank of England's (BoE) Quarterly Inflation Report (QIR). This is big news because there is lots of speculation about a change in the BoE's Forward Guidance policy. I suspect ultimately this will lead to GBP weakness and would therefore encourage anyone buying euros soon to move quickly. If you are selling euros for sterling holding on to Friday may be wisest. One of our many contract options could be perfect for you including the forward contract. If you are looking for...