Will Pound to Euro Rates Gain in September?

GBP/EUR Hits Fresh 4 Year High – 1.2750 on the markets!

A new four year high was hit on GBP/EUR during Thursday's trading, as levels touched 1.2769 on the Interbank. This is further proof that the ECB's decision to cut interest rates has hit the single curreny harder than many anticipated. When you take into account the spiralling Spanish bonds and revelation by Italian leaders that they too will most likely require a finiancial bailout, it is no wonder investors are running for cover as the European debt saga rumbles on. Euro sellers must be wondering if their luck is ever...
GBP/EUR exchange rates creep up over the course of the trading week

Consumer confidence the main interest for the Euro in the morning (Daniel Wright)

A fairly quiet and range bound start to the week for Euro exchange rates against most major currencies however tomorrow morning and indeed Thursday may be where we start to see a little movement. We have a few GDP (Gross Domestic Product) estimations for Spain first thing, followed up by European Consumer Confidence data out at 10:00am. This will be a measure of the level of confidence in economic activity generally, and a high reading can lead to a boost in strength for the Euro...

Euro Zone GDP the focus today (Mike Vaughan)

UK construction PMI figures came out slightly worse than forecast but it has had minimal affect on the market. Also this morning the Euro Zone will release its latest GDP data at 10:00. If weak then this could put pressure on the the Euro today and we may see GBP/EUR levels back through 1.21. Following today's data this will move focus onto tomorrows important Euro Zone interest rate meeting and post decision press conference from Mario Draghi. With Euro Zone inflation figures falling to 0.5%...

GBPEUR 1.30, can it happen?

The outlook for the exchange rates on GBPEUR look very favourable and I would certainly not rule out a move to the 1.30 by the end of the year. For this to happen however we will need to see the pound strengthen and continued pressure remain on the Euro. If you need to buy or sell euros this week with sterling, important UK data is released again tomorrow and Wednesday at 09.30. This will help shed some light on whether or not we can explain...
Will Pound to Euro Rates Gain in September?

Sterling rises after Bank of England hints at a rate hike (Joseph Wright)

The Pound appears to have consolidated above 1.14 against the Euro, making the buying Euro rate cheaper for those holding Sterling. There are current 8 voting members of the BoE and yesterday almost half of them voted in favour of hiking rates, which caused the Pound to jump by over half a cent as soon as the news broke around lunchtime. The reason behind the Bank of England's voting members that would like to see a hike is most likely the rising rate of inflation in...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBPEUR update – Buying EUROS – Selling EUROS – STEVE EAKINS

GBPEUR rates have provided EURO sellers an opportunity this week. Thanks to poor US data and better than expected European data the euro has strengthened nearly 2 cents within the last 2 trading sessions. I expect this to end today as the UK data starts to be published again this week. Rates are not hugely attractive for euro sellers at the moment when compared to rates seen only 6 weeks ago however the trend is very likely to return back against...
Pound to Euro Exchange Rate Ahead of UK Manufacturing and Services Data

Sterling Still Under Pressure But Euro Data Next Week Could Reverse Things (Colm Gilhooly)

The pound is still under pressure today after recent data and comment from the Bank of England suggest the UK is doing well, but not as well as some analysts had been pricing in.  Interest rate forecasts suggest UK rates will now go up in early 2015 and not by the end of this year as some had suggested and this has caused the pound to drop back over recent weeks. However there is a lot of German economic data next week including unemployment figures. ...
GBP/EUR exchange rates remain in a tight range, Sterling just about winning the week so far

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...

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...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBP EUR Exchange Rate Forecast – Buy Euros now?? ( Andrew Bromley )

The Pound although having lost ground this morning, is back in the 1.35s. The UK released poor inflation data (as expected), and at the time of the data release the Pound had slipped in to the 1.34s. The UK Inflation level released was the lowest since records began, so proved that the Sterling strength is not on totally solid footings! Looking at GBP EUR specifically, I think that up to 3 Cents of the current rate is uncertainty built in by the potential Greek bailout. As...