Brexit vote

GBP EUR remains flat after what had the potential to be a volatile week...

This week has been extremely flat for Sterling Euro exchange rates even though we have had quite a bit going on. We have had a bailout request from Cyprus, Public Sector Net Borrowing figures for the U.K were poor, mortgage approvals fell to a 13 month low for May and we have a European summit in action today which could throw absolutely anything into the mix. Rates have been range bound between 1.2450 and 1.2540 which has not really awoken much for us to talk...

Sterling Euro Exchange rates stay flat – What will happen to the Pound Euro...

This week has been extremely flat for Sterling Euro exchange rates even though we have had quite a bit going on. We have had a bailout request from Cyprus, Public Sector Net Borrowing figures for the U.K were poor, mortgage approvals fell to a 13 month low for May and we have a European summit in action today which could throw absolutely anything into the mix. Rates have been range bound between 1.2450 and 1.2540 which has not really awoken much for us to talk...
GBPCHF rates hit near 3-month highs

Eurozone continues to fall into crises – how does that affect GBPEUR?

Over the last 48 hours the Eurozone has taken a few steps back towards a solution to the crisis. The largest of which was the confirmation of another member state going with hand out to the European Central bank for a bailout, this was of cause Cyprus which was in the press yesterday.  The rumors where in the market that this was a possibility as early as last Wednesday however the volume they expect to need far surpassed what was expected. Current rumors are...
New Trade Tariffs $200 Billion Announced - Dollar Supported

Cyprus next to request a bailout – Euro weakens as we see more smoke...

Euro exchange rates took a have taken a nosedive in the past 24 hours as it emerged that Cyprus had indeed requested a bailout adding to the woes of the European Central Bank. This indeed will not dent the European economy too badle as Cyprus is a much smaller problems than should we see a similar problem for Spain however it does just add to the problems for the ECB and makes the grey cloud hanging over the head of the Euro that little bit...

I Need To Sell Euros – Should I Do It Now Or Wait?

If you are one of the hundreds of thousands of people asking themselves the question "Should I sell my Euros now?" then this blog is the place for you.  At the minute Europe is in turmoil, banks are having their credit ratings cut, and we have preliminary meetings of European leaders today as a precursor to next weeks "summit to save the Euro".  As such you could be forgiven for thinking maybe it would be best to get rid of your Euros as soon as possible, however...
Pound exchange rates up following positive Brexit news

Bank of England minute open the floodgates on GBPEUR

Date released this morning indicated it is more likely than not that the UK will be restarting their QE program. The nine members of the Monetary Policy Committee (MPC) vote on both this and a change to interest rates with a majority win changing policy. The data this morning showed that at their meeting 2 weeks ago it was a 5/4 split to add more QE of £50 billion. This is over the £325 billion already pumped in over the last few years.  The...

Euro Strength Subsides as UK Unemployment Falla

Wednseday has witnessed a volatile day in the markets for the GBP/EUR currency pair. We have seen the euro fight back against sterling since the start of the week, as the results of Sunday's Greek elections gave the single currency a timely boost. It wasn't long ago that analysts were asking when, not if GBP would hit 1.30 against the euro and those same analysts are now wondering whether we will even see sterling break back through 1.25, based on current market conditions. This week...
New Trade Tariffs $200 Billion Announced - Dollar Supported

Pound Euro Exchange Rate Forecast Greek Election still key – Bank of England Minutes...

The pound took losses against all the major currencies on Monday morning following news that the pro Euro New Democracy party won the Greek election. The news should be an important boost for the Euro and should help strengthen the currency going forward. However, since there was no outright majority it does mean that there will be continued volatility whilst the leader of the winning party seeks to form a coalition government. Antonis Samara has two more days to form a coalition. This was all...

Further QE in the UK Likely but Euro Still Struggling Before Greek Elections

Friday has witnessed another volatile day in the markets for GBP/EUR, following yesterdays announcement by BoE (Bank of England) governor Mervyn King that there was likely to be two further stimulus packages introduced in the UK before the end of the year. This is in response to the 'deteriorating economic state' in the UK and will dampen any hopes that 1.30 was soon going to be available as a trading level. The markets reacted to this annoucnement and we initially witnessed euro strength. In fact at...

Buying property in Europe? You may find it is much cheaper than you think...

A year ago your property would have cost you 10% more with the exchange rate and at least 10% more due to the tremendous value we now see in Spain and Portugal. Property prices overseas are now heavily discounted and the GBP-EUR rate is 11% higher now than this time last year…… If you have been holding off then now may be a great time to take the plunge as you are saving both on property prices in Euros and of course the currency conversion. The...