Pound to Euro outlook Political events affecting the GBPEUR exchange rates

GBPEUR Forecast Week Ending 17-08-12

Exchange rates move every couple of seconds for a wide variety of reasons. Knowing what can move the rate and when allows you to make plans ahead of the event so that you can either secure a much better rate or move quickly should it start to turn against you. Below is information on what to expect for the rest of week. If you are considering any currency transfers then please feel free to speak with us as we can help explain all of your...

Sterling under pressure ahead of the Bank of England Minutes – GBP/EUR forecast

Sterling exchange rates have started to dip fractionalyy this morning in the run up to the Bank of England minutes released at 09:30. This important data set should be keenly viewd for anyone with an interest in the GBP/EUR pair. In the minutes the 9 members of the MPC (monetary policy committee) from the Bank of England will show how each individual voted with regards to future interest rate policy and whether quantitative easing (the act of priniting money in its simplest terms) was...

Sterling week ahead

If you are planning on making any currency exchange this coming week then the below will probably be of interest. First off a little knowledge sharing for first time traders and a reminder for regular traders. There are three different rates we all have access to: Inter-bank price/ mid-market price – This is the price that banks trade millions and billions at. You and I as mere mortals cannot achieve this price. It is very well published and you can find it all over the internet,...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

Will the Euro weaken again?

EURO rates have strengthened recently making the euro more expensive to buy, what might surprise you is that a a majority of the movement has come from America.  In late trading on Friday the US showed a large increase in the amount of people finding work in the the world’s largest economy.  The US is seen as a barometer of global strength and as a result changes the markets thoughts on risk.  A majority of speculation on the market comes from risk, i.e. the...

The tone on GBPEUR has changed. When is a good time to buy Euros?

The last few weeks has seen the rate be driven primarily by headlines surrounding Spain. But in the last couple of weeks the rate which had reached 1.2890 does now appear to have hit a peak and the tone has changed, as we here at www.gbpeuroforecast.co.uk predicted. Previously GBPEUR seemed alsmot immune to any negative sterling data. When it was announced earlier in the year the UK had entered the dreaded double dip, we saw hardly any movement on GBPEUR. Indeed the ongoing prospect of more...

GBPEUR rates when to buy or sell

Over this week the GBPEUR exchange rates have been very volatile, moving by nearly 3 cents in 5 days.  Regular readers will be aware that is has been down to speculation that the European Central Bank would change banking policy for the better, and help the Eurozone out of problems.  However this seems to have been just a political ploy as nothing significant was announced and as a result the gains the euro had seen evaporated over a few minutes. So what can we do...
Pound to Euro exchange rates: Could we be headed for a no deal Brexit?

European unemployment creates more unknowing and anticipation for tomorrow

Recently I saw that the European Unemployment figures were released and showed another worrying situation in Europe as more people become unemployed.  An additional 112,000 people lost their jobs in the run up to summer pushing the total up to 11.2% or over 12 million across the single currency block. The highest since data started to be collected in 1995. Spain still remains the worst at 24.9% shortly followed by Italy. Germany, the economies strongest nation also saw an increase to 6.8% another record...

Will we see GBP exchange rates fall against the Euro this week? GBP/EUR forecast.

Sterling exchange rates have fallen nearly 1 cent today against the single currency as the market eagerly anticipates the Bank of England and European Central Bank interest rate decisions on Thursday. Following Mario Draghi's act of defiance, in which he stated the ECB will do 'whatever it takes' to protect the Euro. Following this announcement the market is expecting some bold moves from the ECB on Thursday, something that may cause the Euro to gain support and strength against the pound. Does this mean it is the...

Why this week could see the end of the recent excellent GBPEUR levels…

Since the 2nd July 2011 the GBPEUR rate has been climbing. At this point over a year ago the rate fell to 1.1052. Despite the ongoing debt crisis the European Central Bank had raised interest rates to 1.5% and the Euro strengthened as Jean Claude Trichet and the ECB fulfilled their commitment to keep inflation low. 'Price Stability' was the key goal and a higher interest rate kept the Euro strong, particualrly against a pound bruised and battered from Quantitative Easing and the poor state of the UK...

UK GDP figures causes GBP exchange rates to fall? Have we reached our peak...

Yesterday the UK released it latest round of GDP figures, unfortunately for many the result was not overly positive. Figures came in at -0.7% fare worse than expected and highlighting the UK is in a deeper recession than initially thought. There are some arguing that the figures will have been impacted on by the the Jubilee weekend and the very poor weather the UK has been experiencing (excluding this week of course!). I personally think this may have had a slight impact and we...