GBPEUR rate remains steady as markets await the Autumn Budget

Pound Sterling Euro gains following banking stress tests (Tom Holian)

Sterling Euro exchange rates have seen big gains overnight following the release of the latest stress tests performed by the European Banking Authority. GBPEUR exchange rates have broken past 1.20 overnight and this is the first time since the Brexit that exchange rates have broken through this level. The 51 banks reviewed included 4 British banks and they all managed to come out well outperforming the requirements for capital buffers which means in the event of a global slowdown similar to that of the credit crunch...

Pound Euro Exchange Rates – Factors to influence GBPEUR

The Pound has had a very interesting day today against the Euro following the European Central Bank's latest monetary policy meeting. European interest rates were kept on hold as expected but ECB President Mario Draghi suggested that we could be seeing an end to the Quantitative Easing policy in the future. The ECB said that QE may finish by the end of the year which was seen as hawkish and this sent GBPEUR exchange rates to a 3 month low which is great news for anyone...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Pound Sterling exchange rates – Another volatile week so far! (Daniel Wright)

Good afternoon, Sterling has once again had a strange week on the currency markets, gaining a little further ground against the Euro, however losing a little value against the majority of major currencies. Much of the losses seen for Sterling can be put down to the possibility of the U.K having another credit rating downgrade, this time by Fitch (another of the three large credit rating agencies) which was announced late last Friday. We also had worse than expected mortgage approvals data early on Monday which...
GBPCHF rates hit near 3-month highs

Where Next for GBP/EUR Exchange Rates? (Matthew Vassallo)

GBP/EUR rates have dropped over the past 24 hours, following poor UK Gross Domestic Product (GDP) figures released yesterday. Figures came in worse than expected and in my opinion this is likely to halt Sterling’s momentum in the short-term. The official figure of 2.3% growth was under the anticipated 2.4% and this immediately caused the Pound’s levels to drop against the EUR. The fallout from these figures is likely to be a negative for the Pound and will also ensure there is no UK interest...
Sterling Spikes Following Comments by Michel Barnier

GBP/AUD Forecast – Have Brexit Negotiations Turned a Corner?

Sterling’s positive trend against the AUD continued today, with the Pound now trading around 1.79. The catalyst for this upturn was comments made yesterday, by the EU’s chief negotiator Michel Barnier. Barnier indicated that he was close to offering the UK a post Brexit deal, which would be unique and unlike any other partnership the EU currently has with another country. These comments immediately caused a spike in support for GBP, with investors' risk appetite being driven in the hope of a positive outcome to the on-going...
GBP/EUR exchange rates creep up over the course of the trading week

GBPEUR holds steady – what will GBPEUR do this week?

With no significant changes in sentiment the GBPEUR rate looks likely to remain range bound this week. There are of course always opportunities on exchange rates but my personal opinion is that anyone considering a transfer soon may not be too badly advised to hold on until the end of the week. Thursday is probably the key date for anyone with an interest in the GBPEUR rate as we will learn whether or not the UK or Eurozone will make a change to their central...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling exchange rates creep up today against the Euro following a poor start (Ben...

What started as a fairly sombre week for Sterling looks to have been short lived after the pound in full bulldog spirit has briefly fought of predictions of further drops into the 1.20’s and has rallied slightly to be break into the 1.31’s. This has not come as a surprise to me however because we see new data become available all the time. This afternoon the Consumer Confidence for the EU came out at -6.3 which on its own might not mean a lot, however...

UK and Eurozone Interest Rate Decisions today have the potential to rock the markets....

Today is set to be a busy day with regards to GBP/EUR rates. At 12pm today we have The Bank of England (BoE) Interest Rate decision, here the BoE will announce whether there is to be any change in UK interest rates and we will also find out whether there is to be any further Quantitative Easing (QE) in the UK. Following this announcement we will see the same data release come out for the Eurozone and a speech from European Central Bank (ECB)...
Pound to Euro outlook Political events affecting the GBPEUR exchange rates

Positive UK Retail Sales provide Sterling support vs the Euro (Tom Holian)

UK Retail Sales have just been published this morning and they came out much better than expected. The expectation was for 0.4% and the figures showed an improvement to 1.4% for month on month. This surprise economic data has seen huge increases for the Pound this morning against the Euro and all other major currencies. UK Retail Sales in recent months have been relatively low so this morning's data has provided huge support for Sterling. Eurozone Consumer Confidence data is due to be released at 3pm this afternoon...

Will GBPEUR hit 1.20?

The market is bracing itself for some big political headwinds in the coming weeks as investors learn of the latest news on the UK and the Eurozone. The big questions is what will weigh more heavily on the rate - will it be the UK and the Brexit or will it be the political concerns in the Eurozone? Most commentators are eagerly awaiting fresh news on which direction the rates will take, personally I would predict rates of 1.12-1.20 in the coming weeks as...