Portugal has its debt rating downgraded to junk – Another chapter in the dismal...

This makes me think that we are not far from the next round of bailouts after Greece is dealt with for a second time. I read a very interesting article on the BBC site that actually discussed how German politicians are pushing through a court case claiming that the bailouts are illegal. It is not just the German public who are disgruntled at being Europe's cash machine, it is also many senior level politicians who resent the way this is heading. And who can blame...

GBP Rates Remain Steady

GBP exchange rates have remained steady this morning following strong gains posted yesterday in what proved to be an extremely volatile day. The pound had a poor start following lower than expected PMI data in the morning leading the GBP/EUR hitting 13 month lows, many had expected this trend to continue following the Bank of England and ECB's interest rate decision. As expected both central banks held base rates at 0.5% and 1.25% respectively, this lead to little movement but the post decision conference...
Pound to Euro Exchange Rate with UK Election Heating Up

GBP Rates Struggle prior to GDP

GBP exchange rates have struggled today falling 1 cent against the Euro as the market eagerly awaits UK GDP data released at 09:30 tomorrow morning. Figures are expected to come in at 0.5% an improvement from the previous quarter of -0.5%. Should figures come in any worse than 0.5% I would expect pressure for Sterling and the reverse should we see growth figures better than expected.
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBP Rates Improve on Retail Sales

Sterling has had a good start to the mornings session following positive Retail Sales figures released at 09:30. The Office for National Statistics said retails sales volumes including automotive fuel rose 0.2% last month beating forecasts for a 0.5% fall, after February's 0.9% decline. With figures being much better than expected we have seen the pound gain 0.3% this morning. For those with an interest in Euro/dollar rates are currently at anear 18 month high, possibly a good time to trade should you need to...
Pound to Dollar Rate Drops to One-month Low

Euro Rates Slip On Finnish Election

GBP Euro exchange rates have moved a little against the Euro at present this morning following the Finnish election results yesterday.  The result saw the "True Finns" party achieve a significant minority and they are staunchly opposed to Finnish taxpayers money being used to bail out struggling member states like Greece, Ireland, and Portugal.  Whilst not earth shattering news it has dented confidence in the Euro slightly on what is an otherwise quiet day for UK and European data as the True Finns they are...
The Pound Continues Its Fightback

Sterling Edges Up Slightly against the Euro

GBP exchange rates have edged slightly up against the Euro today gaining 0.2%.  The pound started brightly this morning before falling back this afternoon with most of the early morning gains caused by Moody's the credit rating agency downgrading Ireland's status to just one from Junk. However the pounds gains were limited as expectation for the European Central Bank to raise interest rates ahead of the UK still keeps pressure on the pound. This is a trend I believe will continue and until we see...
GBP/EUR exchange rates creep up over the course of the trading week

Pound Euro Forecast

Exchange rates for the Pound improved noticeably from yesterday afternoon after the Nationwide consumer confidence survey showed a significant improvement from last months record low.  The Pound has clawed back nearly half a cent against the Euro and a similar amount against the Dollar. However short term future movement is likely to be determined by the Bank of England Minutes next Wednesday and the UK GDP figures on the 27th as most market focus seems to be on interest rate forecasts.  Current exchange rates have...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

GBP Rates Steady

Sterling exchange rates have remained flat against the Euro following yesterday's better than expected inflation figures. The pound has found a little support as unemployment figures remained the same for the month of March, however I feel GBP rates will suffer in the short term as it looks increasingly unlikely that the Bank of England will raise interest rates in May.
Pound to Dollar Rate Drops to One-month Low

EUR USD Exchange Rates Break 1.45

Euro exchange rates against the USD have broken 1.45 establishing a new high and providing a very good opportunity to sell Euros particularly against the greenback and the Pound.
The Pound Continues Its Fightback

GBP EUR Rates Tumble On Inflation

GBP EUR exchange rates tumbled this morning as UK inflation figures were lower than expected and lessening the probability of an early rate hike by the Bank of England.  The Pound has lost against most majors as a result but presented great opportunities for selling currencies against a sterling purchase.