GBPEUR rate remains steady as markets await the Autumn Budget

UK Construction Data causes Sterling to take a Knock (Daniel Johnson)

UK construction figures were released today and they have not been this low for two years. We have seen GBP/EUR hit new buoyancy levels between 1.3466 - 1.3518. If you have a Euro requirement it may be time to reevaluate your expectations.  If I was purchasing Euros I would be looking to move anywhere between 1.3550 and 1.36. I do have several large GBP-EUR trades going through in the coming days that potentially I could tag new clients on to and achieve a very competitive...
Disappointing UK Data Continues to Weigh on GBP to USD Rate

USA election and how this affects exchange USA election

Hurricane Sandy which recently closed the NYSE and NASDAQ has now passed, (it was closed for 2 days for the first time since the 19th century.) The clean-up is expected to take days and threatens a staggering $50 billion in economic damages. However, it is not just the economic impact of the storm that could change the strength of the dollar over the next week, but also the presidential election that comes to an end within the week. In what has been a very close...
Pound ends the week on a high vs the euro

Pound euro at three month lows after Theresa May announces resignation

Pound under pressure after Theresa May resigns The pound to euro rate has once again endured a difficult week. GBP/EUR exchange rates are now trading at their lowest level in 3 months. The pound has struggled owing to the political uncertainty at the moment after Theresa May announced her resignation on Friday. She has given herself two weeks to leave, after which the process of electing the next Tory leader will begin. Two of the front runners for job are Boris Johnson and Andrea Leadsom, both of...
How will the vote shape Pound to Euro exchange rates?

GBP/EUR Brexit Special : How will the vote shape Pound to Euro exchange rates?

Are you ready for Super Saturday? Pound to Euro exchange rates could be in for a time of increased volatility as we enter next week. This weekend special will follow events as they unfold with live updates tomorrow and Monday as to how GBP/EUR is reacting to the news. This weekend, the British parliament will sit on a Saturday for the first time since 1982 and debate the new Withdrawal Bill that Boris Johnson has negotiated with the EU. In a sign of the impending volatility Lloyds...

A volitile day for GBP/ EUR (Dayle Littlejohn)

This morning GBP/ EUR fell to 1.3959 off the back if positive German GDP figures (0.1 higher than expected). Throughout the day Sterling made gains against the euro and reached highs of 1.4096. For clients who were trading £100,000.00 today and traded at the high compared to the low they would have received an extra €1370 euros. Therefore its crucial not only to enter the market on a specific day but also at a specific time. For further information on upcoming economic data feel free...

The GBP/EUR ‘post’ gets knocked a little further into the ground! (Jonathan Worrall)

Today we have seen the GBP/EUR rate 'post' knocked further into the ground metaphorically speaking, with the rate dropping into the 1.26s. This the lowest level we have seen for 16 months, and comes at the time of great uncertainty regarding the UK's future. Having secured a new reform deal for the UK and its position within the European Union (EU), the UK population will now face a referendum on the 23rd June to decide whether or not they wish to remain part of the...
Pound to Euro Exchange Rate with UK Election Heating Up

Pound to Euro exchange rates show signs of life (Joshua Privett)

Pound to Euro exchange rates have enjoyed a positive end to the week after two weeks where Friday has forced a woeful atmosphere on many Euro buyers as they enter the weekend. For once this currency movement had little to do with the twists and turns of the political sagas of both the UK and the Eurozone. Instead one of the side-effects of the Pound's low value, rising prices due to the high number of items the UK exports, after many months, may finally yield...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Could Tough Brexit Negotiations Halt Sterling’s Rise? (Matthew Vassallo)

The Pound has enjoyed a positive run against the EUR of late but has found resistance around the current levels over recent days. With the pair now trading around 1.18, having hit a high of over 1.19 over the past couple of weeks, it indicates that the EUR is finding a lot of support under 1.20. As regular readers will know this is a key resistance level on the pair and I certainly feel we need to see another shift in market sentiment, in order for...
GBPCHF rates hit near 3-month highs

Pound to Euro exchange rates fairly stable today after difficult week (Joshua Privett)

Pound to Euro exchange rates are losing a bit of the momentum recorded over the past few weeks, with a week of losses in total of 1.8 cents in the marketplace. Across five trading days this is hardly excessive as a currency loss on the marketplace. However, after what has been an almost daily gain recorded for GBP/EUR since the absolute lows of January 15th of 1.12, it is understandable for buyers to be concerned. The reason for the drop was due to some concerning points...
How will the vote shape Pound to Euro exchange rates?

Pound to Euro rate drops below 1.14, will the pressure on May push the...

The Pound is coming under pressure as the Brexit bill, and what will happen if there is no Brexit deal is currently weighing the Pound's value down. Sterling exchange rates have fallen across the board of major currency pairs today, with the GBP/EUR rate down by around 0.2% at the time of writing. The debate at the House of Commons will commence once again tomorrow and I think that any updates could impact the Pounds value depending on what's said. The political risks for UK Prime...