GBPEUR rate remains steady as markets await the Autumn Budget

Sterling Strength as Retail Sale Figures Offer Hope to a Flagging Economy

UK retail sale figures were released this morning and despite showing a drop of 0.2% on the previous month, figures rose 2.7% compared to this time last year. This month on month drop was expected due to the decrease of online sales during the Olympics but the improvement from last year offers hope to what can only be described as an otherwise flat economy. The UK has struggled to keep the feel good factor going since the Olympics and a run of poor economic...
GBPCHF rates hit near 3-month highs

EUR Strength Following BoE Minutes

The EUR continued to strengthen against GBP during Wednesday's trading, following another busy day of economic data in the UK. This morning the Bank of England released their monthly minutes and despite no indication that their would be a further interest rate cut, talk of Quantitative Easing was high on the agenda. Whilst the decision was made not to introduce another round of QE imminently, many of the members agreed that it was 'highly likely' we would see further monetary stimulus over the coming months....
GBPEUR rate remains steady as markets await the Autumn Budget

Will GBPEUR get to 1.30? – Why today is an Important day for GBPEUR

To address the lack of growth and jobs in the economy the Bank of England has used Quantitative Easing to provide a shot in the arm. Also known as printing money QE generally has a negative effect on the currency concerned. With mixed but generally negative tones being set for the pound by economic data releases more QE seems inevitable and this morning we may see some indicators as to when this may be. DATAWATCH – Bank of England Minutes 09.30 am TODAY Today we find...
Pound exchange rates up following positive Brexit news

Sterling trying to claw back losses against the Euro

The Pound has started to creep up again against the Euro as speculation continues to rise once more as to what we will see next from the European Crisis. Somehow part time magician and head of the European Central Bank had managed to magic away negativity surrounding the Euro and had helped it gain back more than five cents against the Pound in the last two weeks following comments that he felt the Euro was irreversible and that the European Central Bank would continue to...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling strength or will it continue to fall, buyers beware!

As we reach the end of the month there are a few key data releases due that will drive GBPEUR rates this week. This includes CPI data this morning which is expected to fall. Bank of England minutes tomorrow expected to be seen as negative and retail figures later in the week also expected to fall. So readers will probably come to the same conclusion as myself quite easily. If you are a buyer it may be wise to buy sooner rather than later if...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling Euro Exchange Rate Forecast – ‘The Euro is Irreversible’

It now looks  unlikely we will see any kind of comeback on GBPEUR in the short term. As the Fed's QE move backed up with ECB firepower has lifted confidence to previously unexpected levels. The wave of confidence sweeping financial markets has dramatically weakened the USD, which has seen a big move on EURUSD and caused the big moves we have seen on GBPEUR. It is therefore unlikely we will see a return to the previous levels seen on GBPEUR with such a wave of...
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...