GBP EUR Drops After GDP Misses BoE’s 5% Target

The pound to euro exchange rate has dropped

GBPEUR has fallen further today as uncertainty globally arises including some poor Retail Sales numbers in the United States plus news that further cases of Ebola are suspected. To what extent can we expect this to further affect rates in the future? The likelihood is strong and the outstanding news to come is more than likely in my opinion to cause extreme volatility on the markets. If you have a transfer to consider in the future getting everything in place in advance is always the...
GBP EUR Higher After European Central Bank Rates

Pound to Euro Rate Approaches 1.10 this Morning

After a positive day for the pound yesterday, which saw the pound to Euro exchange rate attempt to break above 1.11 and the pound to US Dollar rate climb above 1.3250, the pound's fortunes have reversed this morning. The reason behind the market movement is not due to any weak economic data releases or negative comments from key figures regarding the UK economy. The drop appears to be due to a change in sentiment within the financial markets as a whole prompted by comments from...
GBP/EUR exchange rates creep up over the course of the trading week

Which Way Will The Euro Go? (Colm Gilhooly)

So far this morning we have seen German trade figures come out better than expected alongside, alongside French Industrial output, which has given the Euro a slight boost.  This follows on from the ECB rate decision yesterday where Draghi didnt change monetary policy, however he still left the door wide open for further intervention if inflation remained weak. Later this morning we have UK Trade Balance figures and it will be interesting to see if we are still anywhere near the export led recovery that has been...
GBP EUR Exchange Rate: Weekly Review July 16  

Sterling Exchange Rates Before US Presidential Election (James Lovick)

Sterling exchange rates have seen very mixed movements across all of the major currencies today although it has been limited for GBP EUR. In my view the US Presidential election tomorrow is having major impact on all of the exchange rates as there is so much uncertainty as to which candidates Trump or Clinton will take office in the White House. The pound saw a good boost against the Euro at the end of last week following the high court ruling which went against UK...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBP Steady after Mark Carney Comments (James Lovick)

The pound is receiving mixed signals after strong rhetoric from the Bank of England governor Mark Carney yesterday who spoke in detail about the future UK outlook. Economic growth is expected to slide and this has already been seen in the weaker GDP numbers for the first quarter of 2016. However it was his comments surrounding the referendum on Europe which were most interesting. He made clear in no uncertain terms that there was a risk for the UK outlook if Britain were to...
GBP EUR Exchange Rate: Weekly Review July 16  

Will GBPEUR rates rise above 1.20?

The GBPEUR rate has been improving greatly in the last few weeks as the mood improves surrounding sterling. A weakness in the Euro as a result of the French election is gently subsiding but there is a possibility we could see the Euro weaker should Le Pen win the election second round on May 7th. If the rates continue to remain this high between now and May I would be surprised! The only event I can see that would strengthen sterling to hit 1.20 is the...
GBP EUR Exchange Rate: Weekly Review December 4th  

GBPEUR levels this week – EU Inflation key

GBEUR levels are flat at the moment around 1.258. generally levels have been flat this week as there is normally little economic data to drive market movement. This changes however tomorrow with inflation data from the Europeans. This is probabaly going to weaken the euro making it cheaper to buy, great news for buyers however sellers should not be very wary as the trend of negative movement I think will return.  The hope that sellers do have is that uncertainy around the Scottish vote...
GBP EUR Stuck in Range at 1.1700 Level

GBP EUR Lower as Traders Lower Rate Expectations

The GBP EUR exchange rate was lower last week as the Russian and Ukraine escalation has given the Bank of England (BoE) a headache on rate rises. Inflationary pressures could worsen with $100 oil prices, but the bank may not have much headroom to raise rates if it worsens the economic downturn. Economic data in the week ahead is focused on Germany, with inflation and employment releases due. The GBP to EUR opens the week at 1.11896 and has support at the 1.1800 level. Russian and...

Mixed day for GBP/EUR on final day before the beginning of Brexit, where to...

It's been an interesting day for the Pound today after the currency was hitting March highs against some currencies this morning whereas at the time of writing the Pound is trading down against almost all major currency pairs. The Pound has traded against the Euro today in both the 1.14's and the 1.16's at the mid-market level which just goes to show the volatility trading conditions at present. Tomorrow the UK government will officially start the Brexit process and I think this will create further volatility...
Pound to Euro Drops as Virus Drama Returns to London

Sterling Euro Forecast (Tom Holian)

Sterling Euro exchange rates have remained around 1.25 during the week following the comments made by Mark Carney last Thursday. With Sterling rising close to its highest level since October 2012 against the Euro this makes it an excellent time to be transferring Euros abroad. However, whilst these levels are very attractive they make not last for too much longer. Indeed, if Sterling stays too strong for too long this may make  British exports noncompetitive on the continent. If we look as what happened to Sterling in...