GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

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...
GBPEUR Exchange Rate Forecast: Pound-Euro Rates Remain at Higher Ranges but for How Long?

Sterling finishes on a high against the Euro

GBPEUR exchange rates have experienced a fairly volatile week due to Brexit announcements, however the Pound has finished the week on a high against the Euro. The EU's chief negotiator Michel Barnier tone seemed fairly positive at lunchtime when he addressed the press about Brexit. He explained that there were positive elements of the Chequers plan but the concept of the UK having there own rules in regards to change was still the sticking point. He also went on to say that he would be...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

GBP/ EUR drops by over a cent in today’s trading. (Dayle Littlejohn)

Today GBP / EUR has dropped from 1.4049 down to 1.3920 in today's trading, due to poor retail sales figures. Retail sales came in o.4% worse than last month and 1.2% compared to last year. It is crucial when trading currency to be informed of any upcoming economic data and this is where I can help. If you are looking to buy or sell euros in the next week and want to achieve better rates than the bank feel free to give me a call...
Will Pound to Euro Rates Gain in September?

Sterling Euro exchange rates hit fresh highs due to manufacturing and construction data (Daniel...

The Pound once again made gains against the Euro in trading today following great manufacturing and construction data released both yesterday and this morning. Manufacturing levels were at their best since November and once again this is another great piece of news for the all singing all dancing U.K economy at present. European manufacturing data was not quite up to the same mark so the currency pairing kind of got hit from both sides, however we did see a little improvement in unemployment levels which propped up the...

Pound still suffers amid poor data and political uncertainty – Will it bounce back?...

The pound has dropped off in value against most major currencies over the past week or so, with Sterling dropping to the lowest point we have seen against the Dollar in the calendar year. The first reason for the drop is the recent slump in economic data. Analysts had expected a drop off in productivity for the first quarter of 2018 due to the poor weather that we had in the first few months of the year, but I am not sure they quite expected...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Sterling Euro Expectation in the run up to Christmas (Tom Holian)

Sterling Euro exchange rates have been relatively quiet during the course of last week even with the US Federal Reserve announcing an interest rate hike. The expectation was met and this was seemingly priced in to the currency markets and therefore we saw little movement for the exchange rate movement. There are two announcements to watch out for this week in the form of Public Sector Net Borrowing on Tuesday and UK GDP revised figures for the third quarter are published on Wednesday. My expectations are that...
Pound to Euro Exchange Rate: Euro Looks to Edge Over GBP as Coronavirus Ups the Pressure on Sterling

UK Construction Output Shrinks (Matthew Vassallo)

GBP/EUR rates have dropped during Friday morning’s trading, following the release of the latest UK construction data. Output in the construction industry fell sharply in February , with the bad weather taking its toll on the sector. Whilst we have seen signs of an improvement the construction industry remains 13.2% below its pre-recession peak and today’s figures will be a reminder that the UK recovery process is not yet complete. With a host of data out for the UK next Tuesday and unemployment figures on...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

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....
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Brexit stalemate causes the Pound to fall against the Euro

Sterling has continued to struggle during the course of this week falling by two cents from the high to the low or the difference of £4,700 on a currency transfer of EUR200,000 which highlights the importance of keeping yourself up to date with exchange rates. We have had a number of positive economic data releases including rising inflation as well as some impressive retail sales figures due out last Thursday. However, since then the Pound has fallen as the situation between the UK and the EU...
Will Pound to Euro Rates Gain in September?

GBP/EUR Rates Touching 1.25 = Great Buying Opportunities But Concerns Continue Over Benefit to...

GBP/EUR rates touched past 1.25 today before quickly retreating back to the mid 1.24’s at time of writing. The spike may well of come about following yesterday’s BOE (Bank of England) meeting, as I feel the markets were anticipating talk of another round of Quantitative Easing, which in the end never came about. This assumption may well of been based on the fact the UK is officially back in recession, although as written in my previous report, this figure could well be revised up...