Tomorrow is a very important day on GBPEUR
If you have a currency transaction to consider soon then making the most of the current market may be wise. Tomorrow is shaping up to be a very important day on GBPEUR as we learn of the latest sterling news. We have a Bank of England report (the latest meeting's minutes) plus the latest Unemployment information. All in all this is looking like it might be a market mover, in the background too we have the UK budget.
Making predictions is always difficult but I...
Will the Euro continue to strengthen against the pound after tomorrow’s key data releases?...
The pound has continued to weaken against the Euro in anticipation of the key data releases being released tomorrow. All within the space of a few hours we will learn how the markets will react to the Bank of England minutes, unemployment data and the budget. If you are concerned about the outcome of the releases then feel free to contact myself Ben Amrany at [email protected] and I can discuss the options available to you.
UK Unemployment figures
Currently sitting at 7.2% the markets have been...
Sterling Euro remains steady (Tom Holian)
Sterling Euro exchange rates have remained steady again this morning as the markets appear to be waiting for tomorrow's raft of data.
Wednesday sees the release of the following
Eurozone Retail Sales 9am
Bank of England minutes
Claimant Count Rate
FED Interest rate decision
With such a huge amount of data out tomorrow I think we're in line for quite a volatile day for Sterling Euro exchange rates which have done very little during the last few trading sessions. Personally I think the most important release will be the Bank...
GBPEUR forecast this week – UK BUDGET IMPACTS
There is a host of economic data for the UK this week which could potentially create some movement up from the year low visited at the end of last week. It starts slow with little due on Monday, Tuesday we have the head of the Bank of England speaking and expected to show more information about future policy of the Bank. Wednesday will probably be the busiest day for the pound with; Bank of England Minutes, Unemployment Figures and the UK BUDGET all released. ...
Will The Euro Keep Strengthening?
The Euro has had a fantastic week against the pound (and the Dollar for that matter) following the ECB decision last week not to change monetary policy in Europe. EU employment figures this morning helped reinforce that whereas the UK's Trade Balance weakened the pound. However when you compare growth forecasts and interest rate expectations for the two currencies, I don't think the current Euro value is sustainable. Yes it has had an injection of short term confidence, but the reason the UK is...
A Bad Week for Sterling (Matthew Vassallo)
It’s been a bad week for GBP, as the EUR has continued to strengthen, moving away from the recent lows. This negative move for the Pound has come about despite very little economic data being released for the UK. This indicates that external factors have helped to drive the Pound’s value down and it could well be that Sterling’s recent run has come to an end.
Anyone with a GBP/EUR requirement should keep a close eye on next Wednesday’s Bank of England (BoE) minutes and...
UK Trade balance figures this morning one to watch (Mike Vaughan)
With the pound having lost value in excess of 2% against the single currency those clients looking to secure funds in excess of 1.21 and beyond have had somewhat of a shock in the last week. For me I feel this dip is temporary and some of the softer data sets from the UK may be as a direct result of the recent adverse weather conditions in the UK and it will be interesting to see what impact this will have on official GDP...
Sterling recovers some of its losses. (Ben Amrany)
Today the pound has recovered some of its losses against the Euro. This morning we witnessed the pound fall to a low of 1.1935 before recovering. The loss for sterling against the Euro has been concerning if you are buying the Euro. Since last Thursday the rate has fallen from 1.22 to today's low.
Looking forward I do feel that the rate of exchange could well recover for sterling and next weeks key MPC minutes which outline how many members of the MPC voted for...
GBPEUR Exchange Rates (Tom Holian)
Sterling vs Euro exchange rates have improved marginally this morning after a fall of 2% during the last few days trading. The difference of over €5,000 on a £200,000 currency transfer in the last week alone highlighting the importance of using a currency broker to help transfer your money. They will offer you better exchange rates as well as help with the timing of your transfer and can save you thousands compared to using a high street bank.
This morning's monthly ECB report showed that...
GBPEUR RATES UPDATE
The pounds value has continued to fall this week giving buyers of the pound a welcome opportunity to get a much better price than over the last 3 months. Levels today, especially against the euro, are towards the best seen for a few months. The reason for these falls can be put down to a multiple of reasons. Generally data in the single currency has been improving a the euro has been taking the position as a safe haven sharing the title with the...