GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR rates spike!

Sterling Euro rates have really spiked up today owing to the uncertainty of tomorrow's QE decision by the ECB (European Central Bank). What can we expect in the future from this pairing? On balance I feel there is most chance that the rates for buying Euros will improve if they announce QE, but markets will be closely watching his words for signs of action. For more information on the best course of action and what to expect next on the rates please contact me Jonathan...
GBP/EUR exchange rates creep up over the course of the trading week

Will David Cameron finalise a deal with EU leaders? (Dayle Littlejohn)

Presently David Cameron is in talks with Eurozone leaders to decide whether the UK will hold a referendum as early as June this year. I expect talks will go long into the night and eventually Mr Cameron will either have to negotiate some of the reforms or he will be sent back to the UK with no deal. Either way the volatility surrounding the referendum is having a detrimental impact on GBPEUR exchange rates and I believe this trend will continue. There have been reports released that...

Sterling update and forecast – Sterling expected to start a negative trend for the...

This morning’s market is a difficult to read as we have two large economic events, one of which is probably the second largest of the next 3 months.  At 9:30 BST we have UK unemployment levels which are expected to show a fall in the levels of unemployment across the UK.  This would normally create Sterling strength in the build up to the event and when confirmed but today I am not so sure. Most traders I think will be waiting until the report...
GBPEUR rate remains steady as markets await the Autumn Budget

Pound vs Euro at the highest rate since February (Tom Holian)

Pound to Euro exchange rates have hit their best rate to buy Euros since late February. Since the triggering of Article 50 on Wednesday the Pound has edged up against the single currency despite some previous predictions that the Pound would struggle once the formal announcement was made. It appears as though the value of Sterling Euro exchange rates for the last few weeks has been priced in which means there was an expectation for the trigger of Article 50 so when it was actually announced...
Pound vs Euro rates UK and Eurozone economies facing crisis of confidence

GBP recovery – Buying euros – Selling euros – STEVE EAKINS

Sterling prices have started to fight back this week against the single currency.  UK Unemployment has shown a huge fall in the levels of people out of work in the UK and with unemployment levels being linked to interest rate changes in the UK it pushed the value of the Pound up in trading today.  Tomorrow we see UK Retail figures and on Friday GDP figures.  Both of these are also expected to show an improvement meaning euro buyers may see a benefit in...
Pound to Euro forecast Movement for GBPEUR this week as the UKs new PM is set be announced tomorrow

Pound to Euro forecast: Movement for GBP/EUR this week as the UK’s new PM...

Conservative leadership contest to conclude tomorrow The pound to euro exchange rate will likely be influenced on tomorrows vote within the Conservative Party regarding the next leader of the party, as the winner will become the Prime Minister of the UK. With little to no economic updates set for release today it's likely that today's pound vs euro trading session will be quite in anticipation of tomorrows announcement, and there will also be other releases this week that could impact currency rates so although today...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR latest on BREXIT

Sterling exchange rates continue to fall and this seems very likely to continue, even the best unemployment figures for the UK which were released yesterday did not even help its value climb. All economic events seem to be overshadowed by the speculation on the BREXIT vote next week.  Yesterday The Sun, the UK’s most popular paper came out as supporting the Leave campaign and this seems to have been the driving factor for more sterling weakness. It seems the population of the UK has...
Sterling continues to slide against the Euro Will the Pound fall below 1.10?

Could GBP/EUR breach 1.13 this week?

The pound to euro exchange rate has struggled to exceed 1.13 in recent weeks, with 1.1301 being the high point of the markets over the past 6-weeks demonstrating the resistance for the pair. This week could prove busy for the pound, mostly owing to the large amount of economic data due out that could influence the pound's value. Tomorrow there will be Construction PMI figures released, and I expect the markets to follow this release closely as they are forward looking as opposed to backward...

GBP/EUR sees heavy slides from manufacturing woes (Joshua Privett)

Unfortunately it seems that buying rates for Euros will be subject to continued pressure over the next few weeks, with GBP/EUR sliding back in the 1.26's and knocking on the door of 1.25 as UK markets open once more following the Bank holiday. Sterling had been enjoying rates of exchange much higher than where we were just a few weeks ago when buying Euro rates were on the verge of knocking below 1.20. The main impetus for Sterling's original rally can be found in Obama's recent...
GBPCHF rates hit near 3-month highs

Could a Greek Default lead to a Financial Crisis? (Daniel Johnson)

If Greece were to exit the Eurozone, I think we would see problems for the Euro short term. Possibly a movement up to 1.44-1.45 GBP/EUR. However the real danger lies in should another debt ridden Eurozone country decide to leave later down the road. The instability this could create would seriously damage confidence in the single currency. I think a deal must be reached, it is in the benefit of both parties, however it really does hang in the balance at present. To Euro buyers,...