Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

A host of positive data for GBP. Where next for Sterling? (Alistair Ryan)

The UK and Sterling seem to be going from strength to strength recently with more and more positive data coming out of the UK but will this Sterling strength continue? In my opinion I think there is a major possibility. Sterling has come a long way since hitting a low point after the UK lost its coveted AAA credit rating when GBP/EUR hit a year low of 1.1370 and GBP/USD went as low 1.48. As it is now GBP/EUR is sitting much prettier with...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Britain Avoided Double Dip Recession

After a revision by the Office for National Statistics (ONS) doubt has been cast on last years reported double-dip recession. Although the construction industry shrunk in Q1 2012, it was not by the reported figure.  This means that in June when this is officially reported, the economy will have shrunk by 5% not the reported 5.4%. When the report comes out, subject to all other factors remaining the same, growth will be 0.00%, as opposed to the -0.1% reported. It is common for GDP figures to...

GBP/EUR exchange rate forecast, getting the best deal on your foreign exchange

As expected the Bank of England (BofE) decided to keep interest rates at a record low of 0.5% and decided against extending its Quantitative Easing (QE) programme. This outcome was very much forecast and the market did very littleas a result as many analysts expect little to come from the BofE until new governor Mark Carney takes over from Mervyn King in July. Following this the National Institute for Economic and Social Research (NIESR) released its forecast for GDP for the last three months...

Bank of England Decision Keeps the Markets Guessing (Matthew Vassallo)

Today's key news was the decision by The Bank of England (BoE) to keep interest rates on hold at 0.5%. This decision was widely anticipated and it therefore comes as little surprise to see GBP/EUR rates remain fairly flat all day. There was a small spike for Sterling following the announcement but nothing more than general market fluctuation, with rates floating between 1.18 - 1.1850 during Thursdays trading. The decision was also made that would be no further Quantitative Easing (QE) at this time, which...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

GBP Interest Rate Stays at 0.5% – GBP Estimate Positive

BANK OF ENGLAND INTEREST RATE DECISION GDP ESTIMATE FROM NATIONAL INSTITUTE OF ECONOMIC AND SOCIAL RESEARCH (NIESR) Analysts had widely predicted maintaining 0.5%, further confirming that Sterling is on the up! The minutes Bank of England minutes are released in 2 weeks time, and will be a good indicator as to how many of the 9 members support QE. For the last few quarters the vote split for further QE was 6 - 3 against printing more money. I don't believe that there will be any change, as...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

GBPEUR rates before Bank of England interest news, buying euros, selling euros (Steve Eakins)

The pound is up at a near 3 month high against the dollar and fell from a 4 month high against the Euro before the key BOE meeting later today. The bank is expected to keep their asset buying program on hold for another month while they wait for the new Governor to start on the 1st of July, and keep interest rates at the record low of 0.5% where it has been for over 5 years now. In Spain they have a key...
Pound to Euro Exchange Rate: Euro Looks to Edge Over GBP as Coronavirus Ups the Pressure on Sterling

Euro – Sterling Forecast – Green Shoots of Recovery? Andrew Bromley

After yesterdays anticipated ECB interest rate cut, the following speech from Mario Draghi, we have seen continued volatility today on the Currency Markets. As always, I try to take a forward view of the market and my opinion is that as The US and UK economies show the green shoots of recovery, there are still too many uncertainties across the Euro Zone. Please find my contact details below if you would like to see how many Euros your Sterling will get you! The UKs service sector output grew...

ECB Cuts Interest Rates – Draghi Speech Weakens The Euro

Yesterdays anticipated rate cut from 0.75% to 0.5% interestingly stregthened the Euro agains Sterling. This could be down to a number of factors, however the thought that the Eurozone could now move forward with it's economic recovery is what potentially assisted the single currency strength. Euro sellers saw a brief window of opportunity as the Euro made ground on Sterling. The relief was short lived however, as during Draghi's speech  the Euro slipped back to offer Euro buyers a good opportunity to take advantage again at...
ECB interest rates and Brexit update

European Central Bank Cuts Interest Rates to All-Time Low (Matthew Vassallo)

Today's headlines have been dominated by news that the European Central Bank have cut their interest rates by 0.25%, to 0.5%. Today's cut now leaves the interest rate at an all-time low and GBP has certainly benefited, continuing its recent rise during Thursday afternoon trading. GBP/EUR levels are now putting pressure back on the 1.19 resistance level and this news, coupled with last week's announcement that the UK economy has indeed avoided a further recession, has dampened EUR sellers hopes of a move back towards 1.15. Whilst...

Euro Sellers Cashing In To Avoid Interest Rate Decision

Are you selling Euros? Have you looked at how much Sterling your Euros would buy you, if the exchange rate went back in to the mid 1.20s? This is a conversation worth having today, as there is a strong change that Sterling could spike against the Euro tomorrow, if the  ECB cut Euro-Zone debt interest rates. Government debt interest is a highly influential factor on rates of exchange, as it is an indicator of economic strength / weakness. Should the ECB cut the interest rates tomorrow, it would be an indicator to investors...