Pound exchange rates up following positive Brexit news

Sterling Drops Following Brexit Comments (Matthew Vassallo)

Sterling lost some ground against the EUR this afternoon, following comments my made by a head EU negotiator regarding the UK’s upcoming Brexit. He stated that any decision regarding a future deal with the UK would have to be ratified through European Parliament and as such the UK was unlikely to get the deal it wanted following the triggering of Article 50. This immediately caused investors to pull funds away from Sterling, which has performed well of late against the single currency. GBP/EUR hit a high...

Spanish Double-Dip Recession a Boost for the Pound

Spain officially slipped back into recession yesterday as their most recent set of GDP figures announced that their economy had contracted by 0.3% in the first quarter of 2012. In addition to this Spanish retail sales fell by 13% and unemployment hit a staggering 24.4%. Spain's second period of recession is the latest significant headache for the Eurozone following the PIIGS needing financial assistance throughout most of 2011 and Greece's repeated bailout packages in the latter part of 2011 into 2012. Unfortunately it doesn’t seem to be...
GBPEUR rate remains steady as markets await the Autumn Budget

Will Sterling fall even further against the Euro? (Tom Holian)

Sterling has really struggled against the Euro since the Brexit vote as confidence in the Pound has significantly dropped. The vote was a shock to financial markets and this caused weakness against the single currency. The rate to sell Euros is the best for almost three years and the rates haven't hit these levels since August 2013. This is great news if you've sold a property in the Eurozone as you're currently getting over 12% more for your money when selling Euros compared to prior to the...
Pound to Euro Forecast - Euro rate hits 21-week high, as Brexit deal possible

Eyes on Euro zone retail sales figures this morning and interest rate decisions tomorrow....

Sterling exchange rates received a boost against the single currency yesterday morning following better than expected PMI construction figures, in contrast to the poor PMI manufacturing data from Monday morning. This is continuing the yo yo effect of GBP/EUR at the moment with levels consistently range bound between 1.20 and 1.22. Today’s European Retail sales figures at 10:00 will be interesting reading and are forecast to show a slight drop month on month. But looking further ahead tomorrows Bank of England and ECB interest...

GBPEUR bounces back but for how long?

The pound has bounced back against the Euro today largely because of the swing on EURUSD as investor concerns over the US dollar fade. EURUSD has risen to almost 1.21 yesterday but it is now back to 1.19 representing a series of profit taking and market fluctuation which has presented some improved levels for Euro buyers. Tomorrow is a very busy day for the Euro with all important Unemployment and Inflation data due out. The pound could find further form against the Euro in...

GBP EUR Continues Gradual Slide Lower (James Lovick)

The pound continues its recent slide against the Euro as Brexit concerns continue to give cause for concern for the British economy. After a run of generally upbeat data Mario Draghi is making a speech today which create some volatility for the Euro whilst Deputy Governor for Financial stability Jon Cunliffe will also be speaking in in the UK. Mario Draghi’s speech is likely to be a big mover and any indications that the European Central Bank will look to extend its Quantitative Easing programme...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling Awaits a Volatile End to the Week

The next few days will bring a huge amount of data from both the EU and the UK. However most significantly tomorrow there is an interest rate decision from the Bank of England. Whilst the decision is not expected to accumulate in a change in interest rates, there will be market volatility. The minutes from the meeting will reveal the current sentiment of the nine members of the Monetary Policy Committee and their thoughts moving forwards. On Friday there will be GDP figures released for Germany,...
Brexit vote

Tsipras Opens the Door for a Deal (Daniel Johnson)

Alexis Tsipras has agreed to the majority of the terms in an agreement put forward by its creditors last weekend. He is obviously being a stickler on certain issues. I would suspect it to be a reduction in pensions considering as many families support two generations on a  single pension. To budge would be a serious move away from Tsipras’ stance pre-election and would not go down well with the Greeks. If a deal does come to fruition expect Euro to strengthen considerably. If I...
Pound to Euro forecast How could the latest Brexit extension affect Sterling exchange rates?

GBPEUR at 6 week high – probably best price for April

GBPEUR rates have spiked up over a cent compared to the lows at the beginning of the week. This can be attributed to two main reasons; firstly Sterling Strength was seen this morning when Unemployment was shown to have fallen under 7% to the lowest levels for years, secondly with data from the Europeans confirming that inflation has continued to fall. I personally think these current levels near to a 6 week high will be the highest for the rest of the month, so if...
Pound to Euro forecast How could the latest Brexit extension affect Sterling exchange rates?

Bets levels for GBPEUR this month? STEVE EAKINS

The pound has found its footing of late and has started to recover against the euro. Remembering that only 2 weeks ago rates were in excess of 4 cents lower.  This current level is being seen by many in the market as a short term opportunity rather than a change in trend, many have been buying avoiding the risk of the negative trend we have seen throughout the whole of the year return. If you want to take advantage of this gain which gives you in excess...