Brexit vote

When should I sell my euros? (Jonathan Watson)

Selling euros now is a very wise idea. GBPEUR has dropped well over 9 cents since the start of 2013 but we have already seen the rates come back significantly. The prospects in Europe of a further deterioration of the Euro crisis indicates to me that it would be very wise to sell the euros sooner rather than later as current levels are very attractive. If you are looking at rates and would like a little bit more it is worth remembering just how bad...
Pound Sterling Forecast – Is GBP Likely to Stage a recovery?

Exchange rates start to fall, buying euros, best exchange rates (Steve Eakins)

Over the last week GBPEUR rates have started to fall once more.  To understand why we really need to understand why the rates first reached the 2 month high 10 days ago. This was down to Euro weakness rather than Pound strength, like most gains this year for the GBPEUR pairing I would add!  The reason for the Euro weakness came from Portugal as proposed budget reform was stopped within Government.  Like all countries that have taken a bailout from the EU/IMF to keep receiving the stage payments of...

GBP/EUR Drops! Is Sterling Sliding? Andrew Bromley

We have seen today the GBP/EUR pair drop to below 1.17 for the first time since mid March. Are we seeing renewed Euro strength as the markets have stopped reacting to Cypriot bailouts? Could now be the time to buy Euros to avoid trading back at the 1.14 level! After a poor data released this morning for the Goods Trade Balance, Sterling has reigned back against the Euro, as the UK balance was reported as more of a trade deficit than expected. The actual figure was...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Markets Wait on UK Data Release

With the world spotlight on the sad passing of ‘The Iron Lady’, Baroness Thatcher, focus should not be drawn from events in the Eurozone shaping our currency transactions for the coming days and weeks. The French economy has released its trade balance this morning for February, with a figure of  -€6.011 Billion reported, against a projected figure of -€5 Billion. This means the French economy is working with a trade deficit. This is an indicator that may affect the strength of the Euro in todays trading session. Do you need...
Pound to Euro Exchange Rate: Euro Looks to Edge Over GBP as Coronavirus Ups the Pressure on Sterling

Positive UK data points to GBP gaining back ground against the Euro

Volume of retail trade has been reported as -0.3% in the Eurozone month on month (a drop from 0.9% previously), and also negatively year on year at -1.4%. This is seen as a ‘bearish’ result, as it is an indicator of poor consumer spending and overall retail return. This is on top of a further fall in Eurozone GDP, which for the second quarter running was reported as -0.6%. Feel free to email me AJB@currencies.co.uk if you think that now’s the time to get your...
Pound to Euro Exchange Rate Ahead of UK Manufacturing and Services Data

Where next for the GBPEUR rates? When should I sell or buy euros this...

Unlike the weather which remains as cold as a few weeks ago, the pound has shaken off some of the worst of this year. Concerns over Cyprus and the stability of euro zone banks, plus a slightly better performing pound indicate to me a fairly range bound few weeks of anywhere between 1.16 and 1.19. Significant gains for sterling look limited, as do significant gains for the euro. On balance I expect rates to be higher towards the end of the month as sterling...

Buying euros, selling Euros, when is the best time to buy? (Steve Eakins)

Today we have the UK Interest Rate Decision, UK Quantitative Easing (QE), European Interest Rate Decision and European Quantitative Easing.  This will make today maybe one of the busiest for the week and or month. The UK interest rate has now been held for nearly 5 years so there is little chance of any change.  QE in the UK however is a lot more probable and would weaken the pound if confirmed.  The head of the Bank of England has voted for it for several...

UK and Eurozone Interest Rate Decisions today have the potential to rock the markets....

Today is set to be a busy day with regards to GBP/EUR rates. At 12pm today we have The Bank of England (BoE) Interest Rate decision, here the BoE will announce whether there is to be any change in UK interest rates and we will also find out whether there is to be any further Quantitative Easing (QE) in the UK. Following this announcement we will see the same data release come out for the Eurozone and a speech from European Central Bank (ECB)...
Pound to Euro Exchange Rate Tops 1.12 This Morning

Is this the calm before the storm? GBP/EUR rates could have a busy time...

It has been a fairly quiet day with regards to GBP/EUR rates, with a high of 1.1807 and a low of 1.1771 but I think this could all change tomorrow. There are a couple of very key data releases coming out tomorrow which have the potential to rock the markets. First up at 12pm we have the Bank of England (BoE) Interest Rate Decision where we will find out whether The Bank of England have decided to alter interest rates and we will also see if...
GBPEUR Forecast: Euro Remains Challenged as so Called ‘Coronabonds’ Still a Cause for Concern

GBPEUR rates start to wobble before Quantitative Easing– Will GBPEUR climb? (STEVE EAKINS)

GBPEUR rates have stayed steady for the majority of this week even with a host of data being released globally as the working week is cut short following the Easter break.  Currently GBPEUR rates are close to a 2 month high for buying making it quite attractive but many are calculating their trade over the next 24 hours.  The key Interest rate decision and Quantitative Easing programs both in the UK and Europe are released tomorrow afternoon.  These will probably be the key releases...