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...
Brexit vote

GBP Weakness – the time to sell euros?

Over the last few weeks regular readers will remember that we have been highlighting that even through GBPEUR reached a 4 year high, the UK Economy is not doing well.  We have seen nuggets of economic data  over the last few weeks that have lead us to this assumption and this was proven again by data that will be widely published by media today.  This the news that the UK GDP figures showed that the DOUBLE DIP  RECESSION is deeper than initially expected. It...

GBPEUR Falls on UK GDP data

The Pound has suffered on the GBPEUR rate in this morning's trade as UK GDP (Gross Domestic Product) came in much worse than expected. The data showed in the preliminary estimate of Q2 GDP a -0.7% contraction versus the 0.2% contraction from Q1. This was much worse than predicted and shows a worsening trend. This has caused the pound to lose about a cent against the Euro and is presenting a good opportunity for anyone selling Euros to buy sterling. The current longer term outlook is...

GermanTriple A Threat Weakens The Euro

The under fire Euro took more losses today after it was announced Moody's were switching the outlook on Germany's AAA credit rating to negative.  Whilst it doesn't affect Germany's actual credit rating at this stage, it is a warning shot across the bows of politicians and financiers if they expect Germany just to continue bankrolling the current Euro debt crisis. Sterling Euro rates of 1.28 were once again on the market and all eyes are on whether the ECB, IMF and EU can provide a...
Sterling Hovers Around the 1.20 Mark

What will move GBPEUR today? Key data and news to beware of!

The GBPEUR rate yesterday fell back below 1.28 yesterday which could perhaps be a sign that the peak has been reached on this rate. Touching nearly 1.29 on Friday as investors left the Euro, this could just be some profit taking although the USD was strengthening on the back of Eurozone and global slowdown worries. French PMI came out slightly better than expected which has given the euro some support this morning. Shortly we have German PMI and then Eurozone PMI. PMI is a good indicator of...
Pound to Euro rate Could next month's Brexit deadlines result in some volatility for GBPEUR rates?

Will the Euro gain strength?

Regular readers will be aware that the euro is falling significantly and the outlook show no signs of improving. As a result people with euros to sell are getting increasingly anxious. Many people that have euros are rushing to sell, cutting loses for the benefit of knowing that they can’t lose any more. Q. So what do you do it you don’t have the euros yet? A. Well the answer is a FORWARD CONTRACT. This option allows you to lock in the exchange rate even if you...