When should I buy/sell my euros? (Dayle Littlejohn)

For clients who are looking to buy/sell a currency its important to note that the currency markets move every second. Over the last 7 days GBP/EUR exchange rate has fluctuated over 2 cents making a €200,000 purchase over £2,000 more expensive. On the reverse if you had €200,000 to sell you would have made an extra £2,000 today compared to a week ago.  There  are two main reasons for the euro making gains against sterling 1) Finally it appears that Greece's parliament has backed a...
ECB interest rates and Brexit update

GBPEUR rates falling – Steve Eakins

Sterling exchange rates have fallen over the last 24 hours as the potential outcome of the EU referendum heats up again. This being that there was a Poll suggesting that the ‘Leave’ campaign was in the lead.  This resulted in a swift and steep fall in the value of the pound against a majority of currencies.  Rates fell by nearly 2 cents against the euro within a period of 6 hours. This really does again highlight how quickly the market can move, and how quickly...

Exchange Rate Forecast – Time to BUY EUROS? Andrew Bromley

GBP EUR rates have fluctuated hugely today on two key news items. Firstly the UK Inflation data released this morning showed a mixed bag of results, with May's improvement being the key point focussed on. It is understood that a strong return form the transport industry has helped the recovery. The Bank of England had expected figures to move away from 'Deflation' before the end of the year, however this improvement is perhaps even better than hoped for. Secondly (and more currently) the Greek bailout talks seem to have stuttered. EU...

GBP/EUR Update / Interest Rate Decisions

Interest rate update 13/1/12 Bank Of England (BOE) - Base rate held at 0.5% European Central Bank (ECB) - Base rate held at 1% Yesterday saw some heavy losses for GBP against the Euro, as the single currency gained over a cent by close of trading. Only a few days ago were we trading up at a 16 month high and the dizzy heights of 1.25 and beyond were being banded around by many experts. Personally I believe we could still see levels push back up above 1.20...

Bank Of England Minutes Next Week Could Be An Important Marker For Sterling (Colm...

Sterling has taken a battering in the last couple of weeks due to weaker than expected inflation data and indications that wages are rising slower than prices meaning the average Brit has less disposable income.  Add to the fact that manufacturing figures showed almost no growth last month, Moodys have downgraded the UK's AAA status, and there is a lot of political uncertainty about what may happen in the UK election next year, it is easy to see why sterling has lost some of...
GBP EUR Looks to Employment Figures for Support

Sterling Strength as Retail Sale Figures Offer Hope to a Flagging Economy

UK retail sale figures were released this morning and despite showing a drop of 0.2% on the previous month, figures rose 2.7% compared to this time last year. This month on month drop was expected due to the decrease of online sales during the Olympics but the improvement from last year offers hope to what can only be described as an otherwise flat economy. The UK has struggled to keep the feel good factor going since the Olympics and a run of poor economic...
Pound to euro Awaits ECB Rate Decision for the Next Path

Sterling Rising against the Euro (Tom Holian)

We have seen GBPEUR exchange rates move quite considerably this week following some very positive UK Retail Sales yesterday which showed a rise to 4.3% from 3.8%. This sent Sterling back above 1.25 again and this morning we have seen Sterling gain even further. Indeed, ECB President Mario Draghi's comments have sent Sterling above 1.26 at the time of writing. With little data due out this afternoon we could see rates remain around this level. If you have a currency transfer to make and want to save...
Pound Sterling Recovers Against Euro but Brexit Talks Expected to Limit GBP

Brexit talks put pressure on the pound

Today Theresa May held crunch Brexit talks with Conservative MPs as Brexit Secretary David Davis led a revolt due to the terms of the 'backstop' plan. The Brexit secretary yesterday evening made threats that he would resign if the PM did not add a deadline to the 'backstop' proposal. With the relationship between the two appearing to be deteriorating by the day, sterling exchange rates struggled against the US Dollar throughout the mornings trading session until reports were released suggesting a final leave date...

Brexit Bill to be Amended (Daniel Johnson)

Brexit Bill Update Yesterday  the House of Lords vote in favour of protecting the rights of EU citizens currently residing in the UK. Sterling fell as a result as this could delay the triggering of article 50. Theresa May has however made reassurances this will not be the case and I believe her on this occasion. I think protecting EU citizens rights on UK soil is almost a formality and I am surprised the markets reacted in the manner they did. The bill will now have...
GBP to EUR: UK & EU PMI Manufacturing Data Focus

Sterling vs Euro Exchange Rate at New 31-Month High on Rising Odds of Tory...

The pound to euro interbank exchange rate stands at 1.1913 today. This is its highest in over 31 months, or since April 23rd 2017. The sterling vs euro interbank exchange rate stands at this new 31-month high, because markets are increasingly factoring in the possibility that the Conservatives will win a majority of MPs, at this Thursday 12th December’s UK election. According to investors, the odds of a Tory victory now stand at 80%, up from 65% this time last week. The world’s investors feel...