GBPEUR rate remains steady as markets await the Autumn Budget

Crucial couple of days for anyone looking to make a currency exchange

With the global economy at practically standstill, I believe European events in the next few days will be key to shaping the short and medium term movements of exchange rates not just on the Euro, but also the Pound, the Dollar and all majors. Two key decisions today could more specifically also help move GBPEUR, GBPUSD and EURUSD. An exceptionally volatile few months have cooled slightly this week, but I feel things could be pushed one way or another depending on the outcome of the European summits. If you...
GBPEUR rate remains steady as markets await the Autumn Budget

Will the Euro weaken? Important Events on the Euro Rate this week

With the official estimate out at 10.00 am this morning for Eurozone GDP (Gross Domestic Product) expectations are that the economy supporting the Euro grew at 0.2% in Q3 of this year. With the rate of growth shrinking this year there are fears that the countries in the Euro could be heading into recession. This release is likely to have an effect on the Euro so if you have any short term requirements do be aware of this release. To be kept up to...

Is this time to look at selling Euros? Will the Euro survive? Shall I...

Yet another week goes by and once again Euro news has been in the headlines… Yes for sure there is just so much trouble within Europe and without a doubt 2012 will see some changes that have never been seen before but I cannot see that even if there is a decision to dissolve the Euro it will be done at a great pace.   When a country has moved to join the Euro in the past, it takes months and years for the powers that be to track exchange rates...
GBPEUR rate remains steady as markets await the Autumn Budget

Excellent GBPEUR rates – POUND EURO Forecast

The budget statement yesterday was pretty gloomy. With growth forecasts being revised down it looks like the UK is set for continued problems, this is highlighted quite substantially by the strikes today. Over 2m Public Sector workers will go on strike at protests against pension reforms as well as a wider protest at the lack of growth and low prospects for the future. Amidst the doom and the gloom the pound made some impressive gains yesterday. Against the Euro we climbed close to the 9...

Further Pressure on Germany to save the Euro

Well it is the news story that just won’t go away.. the European Debt Crisis.. which is slowly becoming the global Debt Crisis.. The Organisation for Economic Cooperation and Development (OECD) yesterday warned of a Eurozone about to enter recession and also warned of the wider risks to the UK and the rest of the world from inaction in the Eurozone. The most important thing I felt from the OECD report was the recognition that responses to the crisis were ‘behind the curve’, i.e...
Pound to us dollar forecast

Debt Crisis to engulf Germany?

A bond auction this morning for Germany led to the Euro losing about half a cent against the pound. The bond auction was not fully subscribed which raised investors eyebrows. Germany has been seen as the rock in the sea of debt engulfing Eurozone countries. This makes clear to me that the crisis is only getting worse and spreading, the question for anyone buying or selling Euros is how does this affect me? And more importantly when will it affect me? Other data out in...

GBPEUR – Important Data Today and this week – Euro crisis abates as attention...

The GBPEUR rate has dipped by over two cents since the high of nearly 1.18 last week. This is because the immediate danger of the Euro crisis has abated as new Prime Ministers installed in Italy and Greece present the possibility of change, and because the ECB (European Central Bank) have been busy buying up the bonds of Italy which has calmed the markets. I do not think this is the start of a strong Euro rally but if you are selling Euros and...

Don’t get caught out gambling on exchange rates!

As a specialist currency broker for one of the UK's leading currency brokerages I am very experienced in dealing with both private and corporate client's currency requirements. What I am often asked is 'what is going to happen?' and in working with the client I am always keen to point out they should be realistic about their expectations and not get too carried away gambling that things will move in their favour. By letting me know what you need to do I can then keep...

EURO WEAKNESS – ECB Cuts Interest Rates

In a not wholly suprising move the European Central Bank has cut the Eurozone Interest Rate to 1.25% from 1.5%. This 0.25% cut has given anyone still holding out for further gains from this week's already extremely favourable movements that reason to trade. Monday morning the GBPEUR rate was at 1.1372, the high of 1.1691 touched Tuesday reflects the dramatic shift in expectations. Even with the rate cut we are still below that high touched Tuesday and I feel we won't see any better time to trade this...
GBP/EUR exchange rates creep up over the course of the trading week

GBPEUR Climbs on Eurozone Fears

The rate is as volatile as ever today with the market moving over 1 cent between the high and the low. That means that if you were making a currency transfer of £200,000 today by trading at the high versus the low, you would have got an extra €1380.00. Due to the nature of the current market, I pointed out to client who was keen to book their deal this morning to hold out as I felt there was some room for Euro weakness ahead of the...