Should I buy Euros now? Pound/Euro exchange forecast
Sterling exchange rates have rebounded a fraction today following news that an Ernst & Young item Club’s report has
predicted that the UK economy will rebound this year but as it uses the same model as the Treasury it still predicts that the UK economy will retract. However, it does confirm that it believes that the country will return to growth of 1.2% in 2014. This news was positive for Sterling pushing rates back above 1.24 - pressure has also been heaped on the Euro...
Euro falls on Growth outlook and Spanish aid uncertainty (Steve)
There is yet another round of meetings taking place this week with expectations that Greece and Spain will be the main topics for discussion. The Euro over the last 12 months has had a range of over 15 cents and you can see why as the political mess creates a high level of uncertainty for buyers and sellers of the euro.
The Spanish economy minister said this weekend that he felt “extremely comfortable” with his country’s ability to fund itself through the rest of the...
Greek Unemployment Figures Can’t Halt EUR Momentum
The EUR momentum continued during Thursday's trading, as pressure on GBP continues to grow. Fears over the UK economy have deepened, as recent reports suggest our economy has stagnated during Q3 of this year and our trade deficit has once again widened. This positive movement comes despite news that unemployment has hit a record high in Greece, reaching 25.1% of the population and a truly staggering figure.
The relevant health of the UK economy has been the subject of much debate for quite some time now. On...
Sterling Euro update – Will the Pound start to gain strength?
I have a huge amount of clients in the middle of buying a property overseas at present and the general thought on their minds is should I buy my currency now or shall I hold on until closer to completion?
Always a hard choice and one way to look at it is that you would never go forward with a house purchase in the U.K if you didn’t know how much it was going to cost and essentially that is exactly what you are doing...
Angela Merkel Goes to Greece (Jonathan)
Angela Merkel the German Chancellor's visit today to Greece is capturing all the headlines. She is deeply unpopular in Greece and is seen as the cause in many respects of the crisis. A wide range of protests in Athens at her visit is symbolic of this. It is unlikely we will see any particular changes in economic policy as a result of this visit but there is plenty of opportunity for something to occur which captures the headlines.
GBPEUR took a bit of a nose...
Pound Sterling data out today – What will happen for the Pound against the...
This morning will see the release of industrial and manufacturing production for the U.K which may set the tone for the Pound in early morning trading.
In the afternoon we have head the GBP (Gross Domestic Product) figures from the NIESR and the Governor of the Bank of England Mervyn King talking outside of trading hours at 19:30pm which may lead to a big shift overnight.
Sterling had dropped against the Euro over the past few days and personally I feel we may see rates creep...
GBP/EUR falls below 1.24, will the slide continue?
Pound exchange rates have fallen below 1.24 against the Euro today as the recent sterling losses against the single currency continues. In fact the pound has now lost nearly 3% in little over 1 week. Should you be selling Euros this recent spike may well prove a good opportunity. Much of the losses for sterling follow data released last week which suggested the UK economy grew only marginally in the third quarter with the construction sector still contracting and the dominant services sector growing much more...
What is Really Going on with the Spanish Economy?
The EUR has made further gains against GBP during Friday's trading as Spain's minister of the economy claimed that the country does 'not need a bailout at all'. This could be seen as a foolhardy message, or one of defiance depending on you talk to but if true the news could certainly bring about some stability within the eurozone and help the euro solidify its recent gains against Sterling.
This news follows yesterdays decision by the Bank of England not to cut interest rates or extend...
Pound – Euro exchange rates today following ECB meeting
Sterling – Euro today
A busy day for GBP/EUR today as interest rate decisions were released from both the Bank of England and European Central Bank, along with a press conference from head of the ECB Mario Draghi.
Neither rate decision really threw up any huge surprises however the press conference over the course of the afternoon did lead to quite a jittery market. Draghi once again reconfirmed his statement from last month that he feels the Euro is irreversible, and this coupled with the news that Spanish...
Forecast Euro GBP – Trading Ranges are narrowing (Jonathan)
On this blog we present market knowledge and information which will help assist anyone making a currency exchange with their decision making process.
Lately the ranges the euro has been trading in have narrowed to the point where we feel any particularly sharp weakness would occur nly from something majorly unexpected. The current trend on GBPEUR and the range bound nature makes it unlikely we will see any particularly strong movement either way. I personally think the market would lean closer to the 1.20 level and...
