Will Pound to Euro Rates Gain in September?

GBPEUR Rate Drops

Recent movements on the GBPEUR rate have seriously hampered clients looking to buy euros and helped those selling euros. We have witnessed a drop of over 1% today and the rate had already taken a hit yesterday! The recent high of 1.1555 has dropped to a low today of 1.1250! This drop of 2.7% would mean that on a €200,000.00 transfer you would at today's low be looking at £4692.53 extra cost compared to the high! If you were selling this would of course be reversed. Why is...
Will Pound to Euro Rates Gain in September?

Domino effect of UK riots on economy and the Pound

Riots spread throughout the UK yesterday from North London to areas in South London, Bristol, Birmingham and Liverpool following the shooting of a notorious gangster in Tottenham. Even from my house in the home counties I left a lingering thought to the front door before falling asleep last night, was it locked? Definitely?? With these riots spreading to areas entirely anonymous to the North London shooting it suggests that there is an undercurrent of unrest in the UK with many pointing to a pent up...
Will Pound to Euro Rates Gain in September?

Pound Euro forecast – Volatile markets at present just what will happen in the...

The currency markets over the past few weeks have been unbelievably volatile and we have seen the stronger performers (JPY,CHF) over the past few days moving up to 4% in a day as central banks attempt to devalue their currency as the pure strength is really causing them high troubles. Japan for instance is having a horrible time with exports now as the price against the USD has gone so far that the states are no longer buying in anywhere near as much as previously...
Will Pound to Euro Rates Gain in September?

BofE and ECB interest rate decisions tomorrow – non event?

Personally I think both interest rate decisions tomorrow are likely to be a relative non event - the ECB (European Central Bank) are very unlikely to raise rates (although admittedly there is a small outside chance) and the BofE (Bank of England) even less so. However this doesn't mean to say that the markets will be flat tomorrow - in fact far from it! The rates are particularly volatile at the moment considering the debt issues in Europe and the recently resolved issues in the...
Will Pound to Euro Rates Gain in September?

GBPEUR breeches 1.15

GBPEUR has weakened again today as investors continue to baulk at the state of Eurozone debt levels. As discussed last week, it was not even a week and the wheels were falling off the recent 'resolution' in the crisis. I cannot see how this will not continue to remain as a pressure on the exchange rate, particularly with the US debt ceiling issue now resolved. This has caused the dollar to gain about 2 cents, much of which will be investors returning to the dollar...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Euro Wobbles!

It hadn't even been a week from the last 'resolution' in the euro debt crisis and again alarm bells are ringing. The German Finance Minister yesterday stated that Germany would not keep bailing out indebted eurozone members. This was in addition to news that Cyprus had had it's debt rating cut. Today we have had further bad news with Spain's credit rating beuing threatend with a downgrade. I don't know exactly where all this is heading but it certainly isn't boding well for the euro! Whilst...
Pound to Euro Exchange Rate with UK Election Heating Up

A week after Greek bailout and already question marks are raised about contagion

Only a week after the Eurozone met to contain the spread of debt throughout the EU and already markets have cause for concern that the Eurozone are going to be able to cope with their Sovereign Debt issues. German Minister Wolfgang Schaube has voiced his opinion (joining Chancellor Merkel) that the Greek bailout was a 'one-off' and that this will not be repeated unless it threatens the financial stability of the zone as a whole. Germany, the largest economy in the EU have generally been...
GBP/EUR exchange rates creep up over the course of the trading week

The BEST GBPEUR rates!

Despite the dramatic events of July taking what I believe could be a turn against the rate many of the gains we saw for the pound remain. Yesterday's GDP figures highlighted that the UK's economic recovery is edging along. 0.2% growth is nothing to ring home about, but it is a sign we are moving along in the right direction. Looking at the huge amounts of global insecurity at present it is encouraging that the UK didn't have a quarter of negative growth as some...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBPEUR set to fall..??

The month of July has seen some teriffic buying opportunities for Euros. Yes the rate is not as high as it was in 2007, yes the rate has been higher this year, but you have to  look at current levels in the correct context to understand why they are attractive. The reason rates are so low historically is that the economy in the UK (and consequently the pound, since the economic state of the UK to a large extent reflects the value of the pound) is fairing...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

BofE minutes today – Euro gains

The Euro has gained this morning as the market prices in the chance that QE will be mentioned in the Bank of England minutes. Sterling has lost this morning against most majors and is currently 0.4% against the Euro. If QE is mentioned in the minutes this morning as a likely outcome of upcoming meetings then this is likely to continue to fall rather dramatically. However if mentions of QE are hushed then we could see GBP/EUR rates retrace slightly throughout the day. Looking forward to...