Pound to Euro: When Will Sterling Fall?

Sterling stays steady ahead of QE update next week (Steve Eakins)

This week the GBPEUR has been relatively quiet will less than a cent movement from high to low. (This still equates to a £1,100 saving on a €150,000 purchase when timed correctly.)  The biggest news was the GDP figures released yesterday which showed that the UK economy in last 3 months grew at twice the rate of the first 3 months of the year.  It also was the first time that we have seen two consecutive quarters of growth in the UK since 2011. ...

The pound is looking likely to slump… Again!

Even 0.6% growth for Q2 failed to spark interest in the pound yesterday as sterling rates fell across the board. The GDP data came out as expected but was not good enough to warrant a sterling spike. The range of issues concerning sterling will not be outweighed by a quarter of growth, which despite being an improvement, is still well below pre-crisis levels. Reasons to (not) be cheerful regarding the pound include the negative effects of leaving the EU, significantly high national debt (which is increasing)...
Pound to Euro: When Will Sterling Fall?

UK GDP – BEST TIME TO BUY EUROS TODAY?

UK GDP released today has got the trading floor talking! The figure released came in as expected at 0.6% growth. Initially we saw a drop for GBP against the Euro to the day low of 1.1595. GBP has moved steadily back to 1.1625 as I would imagine the dust will settle back around the 1.1630 region. Looking forwards, there is not a huge amount of UK - Euro data, however the US release their 'durable goods orders' at 13:30 UK time. US data if strong could...
GBPEUR Forecast: Euro Remains Challenged as so Called ‘Coronabonds’ Still a Cause for Concern

GBPEUR rates fall after Eurozone returns to growth (Tom Holian)

According to the Markit Eurozone Purchasing Managers Index which measures business output the private sector industry is Europe is growing. The measure published this morning showed a growth to 50.4 in July from 48.7 which means an expansion to an 18 month high. The Eurozone which has been in recession since the end of 2011 means that this data could help to strengthen the single currency which is exactly what has been seen during today's trading session. However, the currency movement has been rather limited...
GBP to EUR Exchange Rate: Pound Holds Strong Despite Horrendous Economic Data

European News Stops the Pounds Gains, For Now – Selling Euros – Buying Pounds...

European data this morning has not only matched the consensus, but beaten them!  Manufacturing and Services figures were up across the single currency, including big gains in France and Germany.  This has helped to push the euro up in value against a basket of currencies, as I had hoped.  As a result, clients of mine that had made me aware of their needs took advantage this morning, selling euros nearly 0.5 cent better than at the close yesterday.  A whopping saving for one client...

Sterling Euro exchange rates dip a little following positive European economic data (Daniel Wright)

The Pound made minimal losses this morning against the Euro but mainly down to Euro strength as opposed to Sterling weakness. European data that was released this morning has led to a slight surge in strength for the Euro. Service and manufacturing data for the Eurozone came out surprisingly strong so the Euro has made gains this morning however I would expect them to be wiped out should GDP (Gross Domestic Product data) for the U.K come out strong as is generally expected. The release is due...
ECB interest rates and Brexit update

UK GDP could give the pound a boost. (Ben Amrany)

The Euro remains quite well supported despite some fears of the Eurozone crisis coming back into play via Portugal. The main driver on the Euro remains EUR/USD movements which are mainly being driven by how Federal Reserve Chairman Ben Bernanke is reacting to the extension or withdrawal of QE. With manufacturing data out of the Eurozone today we could see some gains for the Euro should the levels be positive. With Germany a powerhouse of manufacturing within the Eurozone it will give us a good...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Thursday’s UK GDP data likely to dominate GBP/EUR this week

Thursday's UK GDP data at 09:30 is likely to dominate the weeks movements for GBP/EUR as the forecasted figures are expected to show an increase from 0.3% to 0.6%. If the figures are as expected I would look for the pound to push on towards the 1.17 level agains the Euro, of course if the figures are not as strong then the 1.15 level could be tested. Certainly I would expect volatility and it could be one to avoid. To discuss the market conditions in...
Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

GBPEUR should hit 1.17 on Thursday – GBPEUR buyers and sellers take note! and...

The currency markets are unpredictable. No one can tell you exactly what will happen. But just like with predictions on other variables - the weather, sports and names of Royal babies, a certain amount of intuition can be applied. This rings true for this Thursday when we have the latest data for UK GDP (Gross Domestic Product). This is the data for Q2 and the data is expected to be the highest in a very long time. This is sure to lead to some GBP...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP – EUR Exchange Rate Tests 1.1650…

Todays trading has seen GBP EUR test 1.1650 with a day high of 1.1641. The markets opened at quite a fair distance from the closing point yesterday at 1.1588. Next week the key data release for Sterling Euro is UK GDP. We saw immediate Sterling strength last quarter when the UK returned a growth of 0.3. The possibility of a negative figure for Q1 had the UK on tenterhooks, and the growth saw a spike from 1.1650 to 1.18 within a couple of minutes. We saw a six month high on the...