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 – Could the Pound Fall Lower Still?

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...
Pound to US Dollar Forecast: Mixed Messages on GBPUSD Exchange Rates

Could the UK and Eurozone both be as bad as each other? GBP/EUR volatility...

We have seen GBP/EUR rates drifting up today, in fact we have seen over a one cent movement over the last 24 hours with a high of 1.1778 and a low of 1.1663. There is no doubt that the market is very volatile at the moment with so much uncertainty in both the UK and the eurozone and I can't see this changing any time soon. The UK is waiting to see whether we can avoid a very undesirable Triple Dip recession, which we will...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBPEUR rates improve!

Well after all the doom and gloom it is good to post with good news!  Many clients have stuck their transfers in today taking advantage of the one month high buying euros with sterling. For me this looks like a spike to take advanatge of. Yes the Cypriot situation could cause further improvements but there is a fair chance it will blow over too. Cyprus is a very small economy and the situaiton is fairly unique. Surely the powers that be in the eurozone are...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

GBPEUR rates very volatile – Cyprus – Bank of England minutes – UK Budget...

Exchange rates globally are currently being driven by a small island in the med, the 3rd smallest economy in the Euro zone, Cyprus.  At the weekend it was confirmed that to take a EU bailout to prop up their failing banks due to exposure to the Greek market, they would need to raise funds from bank deposits.  This has been a touchy topic as it is unprecedented and some would say simply theft, a real change between the people and the government that they elect. ...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

What’s going on in Cyprus? GBP/EUR rates could be on the move (Alistair Ryan)

We could be in for a very busy day on the currency markets. This morning we have the Bank of England minutes released at 9:30am which will detail all of the policy discussion and show how many members voted for and against further Quantitative Easing (QE). Following this in the afternoon is The Budget 2013. Historically The Budget doesn't tend to have much of an effect on the currency markets but with all of the volatility in the markets at the moment this could...

Pound Rallies as Fears Over Cyprus Grow (Matthew Vassallo)

What a difference a weekend can make! The Pound has rallied against the euro during Tuesdays trading, with events in Cyprus once again taking centre stage. We came back on Monday morning to find the markets in disarray, following an announcement by the Cypriot government that they planned to apply a 'bank levy' charge on all foreign and domestic imports. This means that anyone who holds a bank account in Cyprus is liable to pay a hefty fee, which will be relative to the amount of savings they...
Pound to Euro: When Will Sterling Fall?

One Month High for Buying Euros – Should I buy or hold on?

The current spike on GBPEUR is in my opinion bound to falter soon. The Cyprus situation albeit not resolved should be closely watched as it is likley the rate will react to the headlines here. I have heard reports the Cypriot Finance Minister has resigned amid  the tough choices faced by the parliament. Like an elastic band being stretched to the p[oint of snapping the euro crisis continues to test everyone's resolve. One particularly shocking piece of news I heard was that last week about €6...
ECB interest rates and Brexit update

A relatively quiet day on the markets. Where next for GBP/EUR rates? (Alistair Ryan)

Today has been a fairly quiet day on the markets, with no major data releases today for either Sterling or Euro. Towards the end of trading today we have seen Sterling strengthen slightly, with no clear cut reason for this Sterling strength it seems as though some investors may be expecting some positive data from the UK over the next few days and wanted to get in there quick or it could be a case of profit taking. Tomorrow seems as though it could be a...