Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

Why is Sterling Euro Falling? (Tom Holian)

Sterling vs Euro has continued its fall this morning following the UK's Quarterly Inflation Report. Bank of England governor Mark Carney has suggested that inflation may fall below 1% during the next 6 months which means an interest rate rise for the UK has been pushed further back. UK inflation is currently at a 5 year low at 1.2% and governor Carney thinks it may not hit 2% for three years. With an interest rate hike now being pushed back towards the end of 2015 this...
Pound to Euro Reaches 2-Month High

UK Inflation data causes the Pound to fall against the Euro (Tom Holian)

The Pound has fallen against the Euro since the start of the week which has surprised some analysts after UK inflation data came out higher than expected at 3% in January. The expectation was for 2.9% for last month so the rise in theory should have strengthened the Pound as it provides further support for an interest rate hike for the UK, which at the moment is 75% priced in for May. However, one of the key concerns for the UK is that with signs that...
Pound to Euro Exchange Rate Ahead of UK Manufacturing and Services Data

Sterling Euro Exchange Rates rise following positive UK unemployment data (Tom Holian)

Sterling Euro exchange rates have risen once again following some very positive UK unemployment data which showed a fall to 1.86 million. The UK unemployment figures stands at just 5.7% and the employment rate is the highest level since records began over 40 years ago. Sterling Euro rates have improved by 0.8% during today's trading session and the Bank of England minutes confirmed a 9-0 vote in favour of keeping UK interest rates on hold. One positive to come out of the minutes was that two of...
Pound to Euro Drops as Virus Drama Returns to London

Save money when buying Euros (Tom Holian)

When buying Euros it is important to use a specialist currency broker who can not only offer you better exchange rates than the bank but also help with the timings to maximise the saving. I specialise in Foreign Currency transfers overseas, we offer clients wholesale exchange rates and significantly undercut the high street banks, a vast majority of our clients are individuals who are purchasing overseas properties or emigrating or even paying bills. As a specialist in Foreign Exchange our clients make substantial savings by using us...
Pound to Euro Reaches 2-Month High

Pound to Euro exchange rates set for marginal fall and strong rise next week...

When entering the latter part of the month, economics takes a back seat, and as such the rollercoaster of politics will be at the forefront in governing Pound to Euro rates this week. We begin with the French local elections, the final part of the French election cycle. This will decide whether the new President, Emmanuel Macron, has the majority he needs to govern effectively. He is proposing a sweeping change to French labour laws and a host of new pro-business policies. This is why his...
Pound to Euro Gains as Traders Still See Positive Brexit Outcome

German GDP Figures save Europe from Recession but the Single Currency Continues to Struggle

The eurozone narrowly avoided falling back into recession today, after recording zero growth for the first three months of 2012. These figures came in stronger than expected, primarily because the German economy grew by 0.5%. The final quarter of 2011 showed that the eurozone has contracted by 0.3% and many analysts were expecting further negative figures, following the downward spiral the EU seems to be engulfed in since the turn of the year. The currency markets initially reacted positively to the news and the euro...

Buying Euro rates subject to Trump meeting with May today (Joshua Privett)

Buying Euro rates have seen a hefty improvement this week following a few long awaited pieces of news that came up trumps, excuse the pun, for Euro buyers after initially a very difficult beginning to the month. This website has covered the movement extensively, with the Supreme Court decision holding Parliament to account, alongside continuity in UK growth being recorded for yesterday morning for the final quarter of 2016, discounting some forecasts that the UK economy would slow in the aftermath of the Brexit vote. Today...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

Chinese Factory Data causes Sterling to fall against the Euro (Tom Holian)

Chinese data published this week showed that factory orders were at their lowest level in over 6 years and with the intervention with the Yuan during the last fortnight this has caused concern for when the US and UK may raise interest rates. Previously pressure has been mounting on the US and the UK to raise interest rates but with the second largest economy showing big signs of a slowdown this is concerning for global stock and currency markets. Indeed, the FTSE has had its worst...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

What now for the Euro? GBPEUR crashes!

GBPEUR has fallen some 3 cents today on the back of expectations the Greeks will finally make a deal with the rest of the Eurozone. Can it finally be true that they will do this? I have commentated numerous times that I thought a deal would be reached, deadline after deadline has passed and we are now in the position where we are almost at the end of the line! Just what will be the outcome we cannot tell but if a deal is struck...

GBP/EUR Hits 1.40! (Daniel Johnson)

The Bank of England Monetary Policy Committee met earlier. The votes for an interest rate hike remained at 9-0 against, however two members of the committee said the decision was finely balanced. There was also mention that Sterling strength could be lowering CPI (Consumer Price Index) faster than expected. This all contributed to GBP/EUR breaking 1.40. Proving very attractive to Euro buyers. If you procrastinate, hanging on for that extra buck it could cost you with the strong possibility of a hung parliament, Sterling could...