Will GBPEUR hit parity?

The pound to Euro rate has been a rather unpredictable one but since the October announcement at the Tory Party Conference that Theresa May was seeking a hard Brexit, the pound has opened and entered new territory against the Euro. The expectation is that the pound could not drop further with many commentators expecting that we could see parity. This has already been pretty much reached back in 2008 at the lowest we have ever had on GBPEUR, I genuinely believe we could see...
GBP EUR Looks to Employment Figures for Support

How will a US Interest Rate Hike affect GBP/EUR? (Daniel Johnson)

The US interest Rate decision is due on Wednesday 16th December and it could well cause madness on the markets. It is no secret that a rate hike is expected, but what could cause volatility is by how much. The general consensus is the interest rate will rise by 0.25%. The market moves on rumour as well as fact so this has already been factored in. There is the outside chance of a raise of 0.50% , if this occurs expect large swings on all...

Euro Zone consumer confidence figures lends support to the Euro this afternoon, an opportunity...

Sterling exchange rates had a strong day yesterday passing through 1.22 for the first time in over 12 months. This came as a result of much better than forecast unemployment data with levels falling from 7.4% to 7.1% rather than the 7.3% as previously predicted. Is this run set to continue? This morning the Euro has clawed back just shy of 0.5% however for me I believe the pound is on path to head towards 1.25 and would suggest anyone buying Euros could get...
GBP EUR Looks to Employment Figures for Support

Quiet end to the week expected despite Trump inauguration (Joshua Privett)

Today is the day few believed would happen and many still struggle to come to terms with, Donald Trump, one of the most divisive men in politics, will be sworn in at 5pm GMT as the next President of the United States. He has already had a serious effect on the currency markets. His comments about supporting the UK through the Brexit and not punishing us by putting the UK at the 'back of the queue' for a trade deal as Obama had put it,...
GBP EUR Starts the Week on a Positive Note

Pound Spikes After Positve Economic Data

The Pound has gained some support during Wednesday's trading making a gain of almost 0.5% against the euro and putting some pressure back on 1.28. At time of writing GBP/EUR rates are sitting at 1.2777 and are still providing some of the best buying opportunities of the past four years. This positive movement can be attributed to the release of today's UK unemployment figures and also the Bank of England minutes. Unemployment fell by 0.1% (46,000) which was certainly a positive, whilst the BoE minutes showed that its members voted unanimously...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBP Steady after Mark Carney Comments (James Lovick)

The pound is receiving mixed signals after strong rhetoric from the Bank of England governor Mark Carney yesterday who spoke in detail about the future UK outlook. Economic growth is expected to slide and this has already been seen in the weaker GDP numbers for the first quarter of 2016. However it was his comments surrounding the referendum on Europe which were most interesting. He made clear in no uncertain terms that there was a risk for the UK outlook if Britain were to...
Brexit vote

GBPEUR weekly round up and predictions for this week (Dayle Littlejohn)

Towards the end of last week Sterling lost approximately 2 1/2 cents against the Euro which means a €200,000 purchase would now cost an extra £3,000 compared to the high last week. A Major steel company announced they could be shutting down one of their ports due to making substantial losses. However I fear there is a hidden agenda and actually they are moving their business elsewhere due to the possible 'Brexit'. Further to this UK Market Manufacturing numbers showed a decline late Friday from the...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBPEUR forecast

GBPEUR rates have challenged a 2 year high this week as Retail figures in the UK improve and speculation about an interest rate hike in the UK continues to help push up sterling value.  Current levels are widely expected to be the highest seen for several weeks as the August slow down expected across Europe is nearly upon us.  Retail figures today pushed up levels and with GDP figures tomorrow morning expected to be good I personally see tomorrows levels to be the highest...
The Pound Continues Its Fightback

Euro Forecast Today (Tom Holian)

With the ECB due to meet at 1245pm today all eyes will be focused on the outcome of the interest rate decision and how far will Mario Draghi go? Sterling Euro exchange rates have recently hit their highest levels since January 2013 and have remained close to these highs for the last 2 weeks. It seems that any recent data announcements have not had much of an effect as the currency markets are eagerly waiting to see what will happen with Sterling Euro exchange rates...
GBP EUR Looks to Employment Figures for Support

Where next for the GBPEUR exchange rate?

When looking for indications as to the future direction of GBPEUR exchange rates it can be helpful to consult the information of a currency specialist who can highlight the important trends and themes that will move the market. A 1 cent improvement selling €100,000 at current levels would result in a £800 saving! We offer assistance to clients looking to increase the value of their currency exchange by offering information on the market to help them time and execute their transfer for maximium effect. If...