GBPCHF rates hit near 3-month highs

When to buy currency this week – buying euros – selling euros – STEVE...

Growth forecasts in the UK are continuing to improve however there seems little hope that their will be any tax relief.  UK debt levels soared throughout the financial crises, initially debt levels where at £60bn a year but has since increased to over to £220bn a year. Overall debt levels have crept up significantly and now represent over 76% of the entire economy, standing at a total figure of £1.21 trillion. Sterling’s value has however continued to improve over the last quarter against most currencies....
Sterling Hovers Around the 1.20 Mark

GBP/EUR Very close to 1.40! (Daniel Johnson)

GBP/EUR currently sitting in the high 1.39's, looking very favorable for Euro buyers. Personally I feel Sterling is currently overvalued, GBP/EUR is only  where it is due to the Greek debt crisis. The saga may well continue, but if there is an agreement expect the Euro to strengthen considerably. It may be wise to move while things are looking rosy. Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than...
Will the Pound Lose Further Value Against the Euro?

Pound to Euro rate remains north of 1.16 as Parliament votes on the new...

Will the UK still leave the EU on 31st October? UK Prime Minister Boris Johnson has stated on numerous occasions that he's determined to ensure the UK leaves the EU at the end of this month. Today could be crucial in deciding whether he will be able to carry this out or not, as Parliament will today begin to vote on key aspects of his new deal negotiated with the EU this month. He was thwarted in his attempts to put the deal forward for a...

GBPEUR Rates once again brush 1.36 at the start of trading today! (Joshua Privett)

A surprising start to trading this morning after a few volatile days recently where even 1.34 was reached again, saw 1.362 reached before a rally back to the mid 1.35's. These recent movements largely correlate to news coming out of the Greek negotiations, with also some strong UK employment data bolstering the Pound in the background. Like most political events, these negotiations will reach an agreement at the 11th hour, just before the deadline, which currently seems to be the 28th of February. The movement...
Pound to Euro rate Could next month's Brexit deadlines result in some volatility for GBPEUR rates?

GBPEUR faces up to reality!

The pound to Euro rate has dropped back into the lower 1.13's as investors brace themselves for the realities of Brexit to hit home. Expectations have been very high recently following a number of high profile comments from the various actors in the Brexit pantomime. Angela Merkel stated she was looking forward to a successful relationship with the UK and Philip Hammond was clearly laying the case for a softer Brexit. Fast forward a week and the reality of the difficulties and weakness of the UK's...
GBP to EUR Forecast: Will the 2020 Pound Sterling Highs to Buy Euros Remain?

Mario Draghi and ECB To Dictate GBP/EUR Rate (Ben Fletcher)

Tomorrow could be one of the most volatile days in a short while with regards to the GBP/EUR rate. The European Central bank will reveal their latest interest rate decision, which is unexpected to change. However President Mario Draghi will speak afterwards and provide insights to the current and future economic conditions. There has been multiple different and some conflicting views from the ECB with regards to future policy and depending on what Draghi says tomorrow is likely to dictate the market. If Draghi suggests...
GBPCHF rates hit near 3-month highs

GBP/EUR Drops Despite Positive UK Construction Data (Matthew Vassallo)

GBP/EUR rates have dropped during Wednesday’s trading, despite more positive data for the UK. PMI Manufacturing data came out better than expected, which followed on from yesterday’s positive Construction data. Usually this would have boosted GBP, particularly at a time when the Eurozone’s economic difficulties are in full focus. However, the single currency has spiked against the Pound over the past two trading days, with GBP/EUR rates moving back through 1.26 and by close of European trading today, had started to put pressure on...
Sterling Hovers Around the 1.20 Mark

Sterling continues to fall against the Euro. (Ben Amrany)

No negative data seems to be getting in the way of the Euro at the moment. The Euro has been strengthening against both the Pound and US Dollar. The rise in the rate has been 2.5% from 2 weeks ago against the pound and is now up at the best trading levels since November 14th 2011 against the USD. I would have thought that Mario Draghi’s comments on Wednesday regarding the Bank stress tests may have dented the Euros recovery. He said officials won't...
Pound to Euro rate Could next month's Brexit deadlines result in some volatility for GBPEUR rates?

UK GDP Rises by 0.7% (Matthew Vassallo)

GBP/EUR rates have remained fairly flat during Friday morning’s trading, with small gains for the Pound following the release of the latest UK Gross Domestic Product (GDP) figures. The reading of 0.7% growth came out as expected but showed a drop from the 0.9% growth recorded during the previous quarter. The UK recovery has stuttered somewhat over the past month, as highlighted by poor UK Retail Sales figures released yesterday. This added to already growing concerns over the negative knock on effect, being created by...
Pound to Euro Exchange Rate with UK Election Heating Up

Tuesday 22/5/12: UK Inflation Rates Fall and IMF Warns UK to Cut Interest Rates

UK inflation figures were released this morning and showed a sharp fall from 3.5% to 3%, the lowest levels since February 2010. Retails figures also fell and this may well lead investors to question whether the BoE will now reconsider another round of Quantitative Easing over the coming months. If this is even mentioned as a possibility it could well halt GBP’s chances of further gains against the EUR and in the current climate, rumours are moving the markets just as much as fact. At...