GBP EUR Starts the Week on a Positive Note

Euro Strength In Early Morning Trading – IMF looking to expand? Sterling Euro Forecast

There are strong rumours this morning that the IMF (International Monetary Fund) will be expanding its lending resources in order to strengthen the global economy and offer it some protection from the on-going problems in Europe. There is talk that the increase will be as much as $600 billion and will take the ‘war chest’ closer to the 1 trillion mark that IMF head Christine Lagarde initially stated was required to ease global tension. The aim is to have countries like China and Russia on board by the next G20...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Downgrade of Euro countries leads to Euro weakness

Standard and Poor's recent downgrade of 9 EU countries including France, which has lost its AAA credit rating, is proof that continuing deep rooted issues are affecting the entire Eurozone region. Along with Germany, France is considered one of the linchpin’s in Europe and this downgrade comes as a reminder to us all that in the current economic climate no country is immune from the problems. These downgrades do seem to of been factored into the currency markets and whilst you would think this seemingly steady decline of the Eurozone would...

GBP/EUR Update / Interest Rate Decisions

Interest rate update 13/1/12 Bank Of England (BOE) - Base rate held at 0.5% European Central Bank (ECB) - Base rate held at 1% Yesterday saw some heavy losses for GBP against the Euro, as the single currency gained over a cent by close of trading. Only a few days ago were we trading up at a 16 month high and the dizzy heights of 1.25 and beyond were being banded around by many experts. Personally I believe we could still see levels push back up above 1.20...
Pound exchange rates up following positive Brexit news

Busy Day on the markets – Have you protected your rate?

Today we have the Bank of England (BoE) and European Central Bank (ECB) interest rate decisions. The BoE decision is at 12.00, and the ECB is 12.45. Possible outcomes: The BoE may announce further Quantitative Easing (QE) for the UK, although this is not wholly expected. Nevertheless the pound has lost recent gains against the Euro, with trading levels creeping back into the 1.19’s.. More QE will likely cause a move towards the 1.17-1.18 range. The ECB may cut rates by 0.25% to 0.75%, but this is again not wholly expected. I would expect...

The gamble is doing nothing…

Morning Readers, Further to my post yesterday, here is some data on GBPEUR which shows just how quickly rates can change. As discussed I feel there is room for a bit more euro weakness, but that we would not go higher than 1.25 (if we even break 1.22). As you can see from the information below, history dictates that rates could fall back significantly and quickly… November 2008 rate 1.21 1 month later GBP fell 15.7% to 1.02 June 2010 rate 1.2251 1month later GBP fell 4.3% to 1.1721 August 2010...
GBP EUR Rallies After ECB Reduces Pandemic Support

Should I buy euros now? How can I protect the gains I have seen?

With trading levels close to the best they have been in 16 months, there are numerous reasons to buy euros. Many clients who have been bravely holding out for a 1.20 trading level have been quick to capitalise, but there are others who believe things will improve further. In my role as a currency specialist for one of the UK's largest currency brokers I am continuously asked what will happen on exchange rates and this is the favourite topic right now. Anyone with a close...

1.20 on the markets! Buying Euros – Looking to trade at 1.20+ ?? Speak...

1.20 on the markets! It feels good to be saying that on the trading floor today.. Well against many expetcations the euro has weakened again. GBPEUR has broken the 1.20 barrier and this is presenting a great opportunity for savvy clients. With trading levels above 1.20 on a large majority of recent trades we have some very happy clients today! Are you looking to trade at 1.20 buying Euros? Have you a project in Europe long put off due to the terrible rates on offer in recent...
GBP/EUR exchange rates creep up over the course of the trading week

GBPEUR Forecast – What will happen on GBPEUR in 2012?

The end of 2011 saw the return of some of the most favourable GBPEUR rates seen in years. Trading levels approaching and above 1.20 represent a goal for many clients and these levels were hit in December, the highest the rate had been in nearly a year. So will this continue in 2012? Well on a balance of probabilities I feel not. This is because the reason for the recent improvements are more to do with euro weakness as opposed to sterling strength. When looking...
GBPEUR Above 1.17 with Higher UK Inflation Outlook

GBPEUR Forecast – Should I sell Euros now?

This is a question i am being asked almost daily by clients. GBPEUR has moved massively against all those people looking to sell Euros in the current climate and most are not hanging around. Should I sell Euros now? I personally see it going only one way at present and that is against you. It is not just the Euro crisis causing this. The ECB (European Central Bank) cut their interest rate by 0.25% last week. This is the second rate cut in two months and...
GBPEUR Rejected by 1.17 Price Level Again

Crucial couple of days for anyone looking to make a currency exchange

With the global economy at practically standstill, I believe European events in the next few days will be key to shaping the short and medium term movements of exchange rates not just on the Euro, but also the Pound, the Dollar and all majors. Two key decisions today could more specifically also help move GBPEUR, GBPUSD and EURUSD. An exceptionally volatile few months have cooled slightly this week, but I feel things could be pushed one way or another depending on the outcome of the European summits. If you...