GBPEUR rate remains steady as markets await the Autumn Budget

Get the best from your foreign exchange

Whether you are buying or selling Euros it is important to get the right assistance when making your decision. Through the use of  a specialist foreign exchange broker you can save thousands on your money transfer when compared to the high street banks, take a look at our main website www.currencies.co.uk to find out more. What data to watch out for the week? Starting tomorrow we have both the EU and UK CPI (Consumer Price Index) data released at 09:00 and 09:30 respectively - both reflect...
Pound to Euro Rate Weakens as YouGov MRP Predicts Smaller Tory Win

Greek bailout delayed (Steve Eakins)

Following the late vote earlier this week by the Greek parliament for additional cuts, the expectation was that the European Central Bank would simply release the next tranche of funding, however this has not been the case.  The central bank came out saying that it would wait until the next report on how well the Greek economy is doing and the savings that have been made before allowing the payment to be released.  The report they mentioned is due at the end of the month...
Pound to Euro exchange rate Where next for GBPEUR exchange rates?

Small Gains for the Euro Following Poor UK Construction Data

The euro has made some small gains against the Pound during Friday's trading, following the release of poor UK contruction figures. Construction activity fell 13.1% in September compared to a year earlier and is another reminder that the UK economy still has some way to go before it is truly on the road to recovery. Yes, we were given a welcome boost following the positive Gross Domestic Product (GDP) figures but since then we have seen poor service, manufacturing and now construction figures and...

Trade Balance figures will be a focus for the UK today (Jonny Watson)

Trade Balance is the difference between imports and exports for a country. It is a good indicator of the performance of an economy. If there is a surplus it means more money is coming into the country than leaving and hence gives the economy more strength. The UK has been running a trade deficit for many years so we know it will be negative. Quite importantly the UK's trade deficit has been increasing over the last few months and is expected to here. It will...
GBP/EUR exchange rates creep up over the course of the trading week

No change in interest rates in the UK or Eurozone (Stephen Hughes)

Today, the Bank of England announced that it has kept the interest rate at 0.5%. It also revealed that it will not yet be increasing QE from the current level of £375bn. As Sterling typically responds to constancy, we expect to see a rise against many of the major currencies following the Bank of England’s decision to hold the current interest rate at 0.5%. Yet more significantly for Sterling, the Bank of England revealed that it still has no plans to increase QE, which should provide...
GBPEUR rate remains steady as markets await the Autumn Budget

Greek austerity helps the euro (Steve Eakins)

After another few weeks of concerns that Greece will fail to hit budget reform targets, another vote took place last night.  The strikes and riots that also took place as a result were some of the most violent that we have seen.  Many have commented that it is surprising to think that there are any more austerity cuts that can be made in Greece, but by a slim margin a new round of cuts were voted in by parliament.  This most recent round authorises...

GBP/EUR rates hit one month high (Alistair)

Sterling rose to a one month high against the Euro yesterday, with rates rising to 1.2534. Weaker than expected German industrial output and decreased growth forecasts from the EU commission had a negative effect on the Euro with European Central Bank president Mario Draghis  statement saying that the bank expected the Euro zone economy to remain weak in the short term also being a large factor in the euro falling to its lowest level since October 1st. This statement decreased investors confidence in the Euro and forced...
Pound to Euro exchange rates: Could we be headed for a no deal Brexit?

Currency markets jittery as US Election draws to a conclusion. Effect on GBP/EUR exchange...

Currency markets, as with much of the rest of the world will be eagerly awaiting the result of the US presidential election that will be drawing to a conclusion today. Polls suggest the contest is incredibly close between President Obama and Mitt Romney, but what will the likely affect be to the currency markets? The outcome can be pretty substantial and will always come down to how the market reacts and the confidence or lack of it depending on which party comes into power....
Pound to Euro Rate Weakens as YouGov MRP Predicts Smaller Tory Win

Poor UK Service Sector Data Halts Sterling’s Momentum (Matthew Vassallo)

Following the positive response created by the release of the recent UK Gross Domestic Product figures, you could be forgiven for thinking the UK economy had finally turned a corner. Yes we have moved out of recession for the first time in 2012 but today we were given a stark reminder of how fragile our economy still is and confirmation, if it was needed, that we do indeed have a long road to recovery. Today's UK Service Sector data was the 'weakest in almost two years' and has halted GBP's recent momentum. Rates were...
Pound to Euro exchange rate Where next for GBPEUR exchange rates?

GBPEUR rates fall from 1 month high

A tough morning for the Pound as the month high we recorded against the Euro on Friday was swept away as UK PMI (Purchasing Mangers’ Index) came in below analysts’ forecasts. The figure of 50.6 still showed expansion in the services sector but was well short of the forecasted figure of 52.0. This disappointing figure increases the chances that the UK economy could shrink again in the final quarter of 2012 after the growth we saw in quarter 3. Should we continue to see negative...