Pound to Euro exchange rates: Could we be headed for a no deal Brexit?

UK Unemployment Figures Fall but Sterling’s Struggle Continues

UK unemployment figures were released yesterday and showed a small drop in the three months leading up to July, compared with the previous three month period. The drop of 7,000 to 2.59 million has done little to halt GBPs worrying slide against the euro and following Germany's ruling to approve the European Stability Mechanism, things seem as if they may only get worse. It must be remembered that it was only a matter of weeks ago that we were experiencing the four year highs...
GBPEUR rate remains steady as markets await the Autumn Budget

What is happening on GBPEUR? Are you really getting the best deal for your...

Rates have slowly moved down from the high of 1.2860 seen a couple of months ago and are trading around 1.25 at present. As we predicted it was unlikely the rate would just keep climbing indefinitely and anyone who was holding out expecting to hit 1.30 should probably adjust their expectations in the short term. With all of the problems for the pound, it is unlikely that we will see sterling make a major resurgence and instead we are relying on Euro weakness. With so much...

Pound down against the Euro ahead of court ruling in Germany

Pound exchange rates have fallen against the Euro in advance of the much anticipated ruling from Germany tomorrow morning. Germany's Constitutional Court will go ahead with a long-awaited ruling on Wednesday on the legality of the euro zone's new permanent bailout fund and budget rules. The ruling is set for 9:00 BST and will go a long way in determining the short term moves for the GBP/EUR pairing, should the ruling not go through we could see some strong losses for the Euro and...
GBPEUR rate remains steady as markets await the Autumn Budget

The week ahead – euro bond market

As regular readers will now the tide in Europe has been changing and a more positive tone has been introduced. Originally from commentary by the Central bank stating that everything will be done to keep the Euro. We all now know that this is thought the creation of a bond buying program. The speculation for this program is one of the main reasons why exchange rates have changed so much. The Euro has improved by 2.5% in nearly 3 weeks as a...
GBPEUR rate remains steady as markets await the Autumn Budget

ECB Bond-Buying Plan Strengthen’s the Euro Amid Another Bad Day for the Pound

The Pound suffered further loses against the euro during Thursday's trading, capping off what can only be considered as a miserable week for Sterling. The single currency has made gains of almost 2 cents since Monday, or to put it in monetary terms, an additional £2,500 in your pocket on a 200,000 EUR/GBP transfer. This is a market reaction to yesterday's announcement by ECB president Mario Draghi, who discussed a new government bond-buying scheme, aimed at protecting the EU and its single currency from suffering the kind of fall outs we have...
GBP/EUR exchange rates creep up over the course of the trading week

Euro Exchange Rate Forecast

The current climate is one of great uncertainty due to the real lack of solutions being offered in the debt crisis. Mario Draghi's attempts to lower borrowing costs is purely symbolic. It is not a measure that itself will create growth in Spain and Italy, or indeed Greece. How can the Euro be fixed? A wide range of measures need to be committed to and undertaken to really restore confidence in the Euro and quite frankly I just cannot see this happening anytime soon. The...

Euro interest rates dropping??

GBPEUR rates continued to fall yesterday as rumours spread that the Europeans could lower their interest rate further in an effort to boost growth. As regular readers will know, Europe’s banking crises seems to be getting worse, not better. This all after over 4 years of plans and discussions nothing significant has been released that has changed its fate. Only last week members from Moodys (international credit rating firm,) said that the Eurozone crises “is at best only half way through.” Bond markets, which...

ECB Bond auctions today – potential Euro movements

Today we see the well followed release of German, italian and Spanish bond auctions which had been extremely closely followed over the past few months as Spanish and Italian levels had crept over the 7% level which in the past had been seen as a level which generally leads to a bailout. The other problem with the levels is the huge difference between German bond yields and the Spanish and Italian levels as there was a great gap emerging which makes life extremely hard for...

Olympic Effect Harms UK Retail Sales but How Will This Influence GBP/EUR Exchange Rates?

Sterling has made gains against its euro counterpart during Tuesday's trading, following the release of today's UK PMI Service sector figures and Thursday's crucial ECB meeting. As touched upon in previous blogs September could well prove to be a pivotal month for the GBP/EUR currency pair, as the markets await the crucial next move by EU leaders. The problem investors currently face is trying to dissect the economic data being released in the UK and Europe, both of which have been relatively poor and...

Sterling Euro data and potential information to look out for this week – Pound...

This week is expected to be a fairly volatile one for Sterling against most major currencies as we are due lots of economic data out from across the globe over the course of the week’s trading. Today will no doubt be the calm before the storm as we have Labour day over in the States leading to slightly thinner trading conditions and not too much in the way of data out either. Here is an overview of what to expect for the week ahead and which...