Average earnings alongside France provide a boost for the pound

Forecast Euro GBP – Trading Ranges are narrowing (Jonathan)

On this blog we present market knowledge and information which will help assist anyone making a currency exchange with their decision making process. Lately the ranges the euro has been trading in have narrowed to the point where we feel any particularly sharp weakness would occur nly from something majorly unexpected. The current trend on GBPEUR and the range bound nature makes it unlikely we will see any particularly strong movement either way. I personally think the market would lean closer to the 1.20 level and...
GBPEUR rate remains steady as markets await the Autumn Budget

Spanish bond auction this morning will give insight as to the markets perception of...

By Spain requesting a bailout it begins the ECB’s bond buying programme and an influx of much needed funds into the Spanish system. This can lead to an increased in market and investor confidence and a move towards riskier currencies such as the Euro as in theory it will drive down Spain’s borrowing cost and in theory lead to a more stable Euro zone. Today is a busy day with the Bank of England and ECB interest rate decisions at 12 and 12:45 respectively,...

Pound Euro drops as Spain consider bailout once again – Interest rate decisions tomorrow...

Far from surprisingly, Spain is reported to be ready to  accept a Euro zone bailout in the coming few weeks, although Germany is trying to slow things down. Spain  had appeared to be stalling over these last few weeks but this has all happened so quickly that a bailout could happen as soon as next weekend. There  is now a great deal of uncertainty as to how and when aid for Spain will come  and whether it will be a bailout or not. With this very big unknown...
New Trade Tariffs $200 Billion Announced - Dollar Supported

EUR Strength Amid Rumours of Further QE for the UK

The EUR continued to strengthen against GBP during Tuesday's trading, with rumours rife that the markets were starting to factor in a further round of Quantitative Easing in the UK. This annoucncement could come as early as Thursday, when the Bank of England will make a decision on whether to cut interest rates, in addition to any announcement of further QE. These decisions are seen as key to the next major move on the GBP/EUR currency pair and many people will be waiting for...

What will drive GBPEUR Exchange rates this week?

The start of the month is always a busy time on exchange rates and you often see much of the movement for the month take place in the first week. This is because there are a wide range of economic events and data releases which can give rise to changes in sentiment which is ultimately reflected in exchange rates. The first three days see PMI surveys. PMI stands for Purchasing Managers Index and it is a survey of purchasing managaers and their attitudes to their...

UK Economy Boosted by Revised GDP Figures

The UK economy received a welcome boost, as the ONS (office of national statistics) announced that the UK economy had contracted by less than first thought in the second quarter of this year. The official figures show a contraction of 0.4%, rather than the initial estimation of 0.7% and this will certainly please UK leaders, as the fight to pull ourselves out of recession continues. Sterling has seen further gains against the euro during Thursday's trading, as fears over Spain and Greece continue to...
New Trade Tariffs $200 Billion Announced - Dollar Supported

Pound Euro exchange rates, GDP figures help Sterling and Spain is still the talking...

This morning we have another revision of second quarter GDP figures for the U.K and expectations are for there to be no changes anything other than this could lead to either a short spike for the Pound or Sterling weakness. Gross Domestic Product essentially is how much an economy grew or shrank during a specific period and two consecutive quarters of negative growth places an economy in a recession (Just what we find ourselves in at present) and the key to officially being out of...
GBPCHF rates hit near 3-month highs

GBPEUR Forecast 26-09-12 – End of Week

Good Morning Readers, Today brings another day of uncertainty over the direction of GBPEUR rates with the focus very much on Spain. The will they, won't they, surely they must scenario persists with everyone on tenterhooks waiting for news of the bailout. There was some good news for the Euro with a meeting between Mario Darghi and Angela Merkel in which we saw the existing bond buying plan confirmed and German concerns over abilities of weaker members to pay back loans also given voice. Nevertheless the...

sterling at a two week high against the Euro

Sterling exchange rates strengthened to over a two week high against the Euro today spiking at 1.2599. This is an excellent gain from 1.2330 that the pound weakened down to two weeks ago. It is amazing at how quickly confidence can flow in and out of the Euro zone. At the beginning of the month the Euro significantly strengthened on the back of the European Central banks (ECB)announcement at their last interest rate decision that they will buy unlimited bonds to help keep borrowing costs...

Will Sterling Euro Exchange Rates Stabilise?

Recent exchange rate movement for sterling euro has been exceptionally volatile and with Greece's next bailout tranche due in October, and UK GDP figures in a couple of days it remains difficult to accurately asses where the currency pair will end up. The huge surge in July was based on the fear the Euro would tear itself apart, however calming words from Mario Draghi and the bond buying program have helped the Euro fight back from a four year low.  In fact early last week it...