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: When Will Sterling Fall?

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...

GBPEUR rates continue to climb but for how long, when to buy euros? (Steve...

GBPEUR rates have continued to climb this week, slowly but continually meaning buying Euros is the cheapest for 2 months.  It seems to be driven not by an improving UK economy so don’t get any hopes up, but the drive for a safe haven from the Eurozone.  Today Cyprus banks open and depending on whether there is a run on the banks there, it could very well spread to other banks across mainland euro putting more strain on an already struggling financial system.  We...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Pound Sterling exchange rates – Another volatile week so far! (Daniel Wright)

Good afternoon, Sterling has once again had a strange week on the currency markets, gaining a little further ground against the Euro, however losing a little value against the majority of major currencies. Much of the losses seen for Sterling can be put down to the possibility of the U.K having another credit rating downgrade, this time by Fitch (another of the three large credit rating agencies) which was announced late last Friday. We also had worse than expected mortgage approvals data early on Monday which...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBPEUR falls once again – when should I buy euros this week?

GBPEUR has dripped below 1.18 due to poor UK retail sales and a general lack of steam from yesterday's rally. Ultimately the reasons for the improvement were solely due to comments from the European Central bank that Cyprus was a test case. These comments have since been taken back and hence the rate has fallen a little. I think on balance GBPEUR is destined to drop a little lower this week as we have UK GDP data tomorrow and so far everything seems to have settled in...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Still a lot of uncertainty in Europe! GBP/EUR forecast. (Alistair Ryan)

Since the start of the year it seemed as though GBP/EUR rates wouldn't stop falling but it now looks as though there could be some light at the end of the tunnel for Euro buyers. This time two weeks ago GBP/EUR rates hit a low of 1.1379 and they are now currently sitting at 1.1810. It seems as though this hike in the exchange rates is in no part down to a stronger pound but more to do with growing uncertainty in the eurozone causing a weakened Euro. Will...