Home Other Currencies

Other Currencies

Andy Haldane’s comments knock Stirling back

GBP/EUR took a knock after Sterling's resurgence today. I think there is a strong possibilty this may have been caused by the BOE's (Bank of England) Andy Haldane. He  suggested theMPC (Monetary Policy Commitee) still has options including QE and rate cuts and that risks to inflation in UK and overseas may be skewed to the downside. He also stated  he does not see an immediate case to change interest rates and chances of a rate cut or rise are evenly balanced. He indictaed thatpolicy...
The Pound Continues Its Fightback

Selling Euros – buying pounds – Best FX price – STEVE EAKINS

Sterling prices remain worryingly close to the 1.20 level it has visited on only a handful of occasions this year. In the past following the levels breaching 1.20 we find levels fall below within a few weeks.  Very concerning for GBP sellers who are buying property or other assets in the single currency.  Later today we have the UK Budget statement, UK and European Interest Rate decisions meaning I would be surprised if we did not see rates change by upwards of a cent...
Pound to Euro Ends Week Higher

Will the Pound Break through 1.20? (Tom Holian)

Will the Pound break through 1.20 is a question i'm being asked a lot recently and personally I think yes it will but we'll need to see both positive news from the UK combined with negative news from within the Eurozone. The Interbank level has broken through this level a number of times already this month but when it has broken above this level it hasn't lasted very long. By utilising a Limit Order to secure currency at a pre-determined exchange rate it's worth speaking...
Pound to US Dollar Pulls Back as Market Bulls Pause

Bad releases yesterday for GBP but gains still made against EUR

You would have expected Sterling to suffer against most majors including the Euro yesterday if you looked at it at face value. The BofE minutes were released showing even hawks Spencer Dale and Martin Weale retracted calls for a rate hike as rates were kept on hold, 9-0 against. Furthermore we saw a rise in unemployment to 7.9%. Although Sterling lost in early morning before bouncing back in the afternoon, performing particularly well against the Dollar (due to a downgrade of US growth forecasts) and...

UK GDP Figures (Tom Holian)

UK GDP figures out this morning have shown an improvement of 0.8% which cam in line with expectation. Sterling has remained relatively stable following the announcement. With strong growth for the UK this is likely to keep Sterling strong against all currencies and with recent ten month highs against the Euro could this be the opportunity for Sterling to break through 1.20 and stay there. This would be a welcome early Christmas present for many looking to buy Euros with Sterling compared to this time...

Sterling flat despite positive words from a key Bank of England figure (Joseph Wright)

Sterling has failed to see a boost to it's value this morning despite a member of the Bank of England suggesting that its time for an interest rate hike in the UK. The member is Michael Saunders and his comments won't of come as a surprise to many after his votes to raise the rate in the last two voting meetings. The current Pound to Euro exchange rate is sitting at 1.0850 after hitting a new 8-year low earlier this week due to Brexit uncertainties. There...
Pound to US Dollar Pulls Back as Market Bulls Pause

A Quiet Day for GBP/EUR Exchange Rates (Matthew Vassallo)

It was a quiet day on the markets for GBP/EUR with rates holding above 1.21. The EUR has found some support around the current levels, after early week loses. The single currency had threatened to make inroads against its Sterling counterpart following Mark Carney's statement last week, where he announced that UK interest rates were likely to stay on hold for the foreseeable future. This statement seemed to dampen market expectations and the Pound dropped by almost 2 cents against the EUR. However, these loses...

Buying or Selling Euros? What will move GBPEUR today and next week?

September promises to be a very interesting month for the GBPEUR rate. Have you made provisions for exchange rate fluctuations? Doing a quick bit of forward planning now could potentially save you thousands of pounds! Today - We have had a range of smaller scale economic releases this morning. German Retail Sales dropped, but UK house prices rose, not much movement on the rate as investors lay low ahead of bigger events on the horizon. The bigger news today could be from the US this afternoon when...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

Trade Balance and Production Data boosts the Pound (Daniel Johnson)

Pending Euro purchase? When should I move? We have seen a spike on GBP/EUR this morning following a series of positive UK data releases, going against the grain. Trade Balance data was positive across the board and was followed by Manufacturing and Industrial production data. Both moving up by 0.4%. GBP/EUR has hit a day high today of 1.1348 up from 1.1263. If I had a Sterling to Euro requirement I would be considering moving at current levels. Political uncertainty and a lack of clarity on...

GBP/EUR, Calm Before the Storm? (Ben Fletcher)

Yesterday the GBP/EUR rate hardly moved half a cent across the whole of the day with very little changing in the market. Until the drop on Friday due to poor economic data for the UK, the rate had spent most of the week hovering around the 1.14 mark. This morning the rate is back above 1.13 and in my opinion there could be a opportunity for the rate to lift a little today. MPC Members Speak Today Two of the nine Monetary Policy Committee members will...