What to expect for GBPEUR exchange rates moving forward?

In recent weeks GBPEUR exchange rates have come under pressure once more due to the developments surrounding Brexit. Head EU negotiator Michel Barnier told the press last week that the transitional talks have broken down and if the UK and EU cannot come to an agreement then the likelihood is there wont be a transition. No suprises the uncertainty sent the pound tumbling from the 1.14 highs and GBPEUR exchange rates are now floating in the 1.12s. Good news for any client selling euros to...

Super Thursday results in a stronger Pound, where to now for the GBP/EUR rate?...

The Pound was boosted across the board of major currency pairs yesterday afternoon after the Bank of England delivered a far more bullish statement than many had expected. Although interest rates were held at 0.5% there was talk of the stronger than expected global economy likely to result in a more aggressive approach from the BoE as soon as this year. Financial markets are now pricing an interest rate hike into the Pounds value and it's predicted that this could happen as soon as May. There have...

GBP/EUR – Where Next? (Daniel Johnson)

Brexit phase two could cause prolonged Sterling weakness The main driver on GBP/EUR at present is Brexit. There is still a great deal of uncertainty surrounding how Brexit talks will progress. GBP/EUR hit 1.15 recently following the announcement a deal had been agreed in regards to Irish borders. The small window of opportunity for euro buyers soon closed however following stupid comments from David Davis. Davis, the secretary of state for exiting the European Union, he thought it would be a bright idea to state...
Brexit vote

Catalonian election could create Euro weakness (Daniel Johnson)

Close election in Spain could weaken the Euro Regional elections in Spain commence on Thursday and they are a cause for worry for Brussels. The election is expected to be close between pro and anti independence parties. I would be surprised if any of the seven parties involved mange to secure a majority victory. Political uncertainty is a main factor in currency weakness so this  could create an opportunity for euro buyers. Catalans have a tough decision. They must stick with a unstable separatist coalition whose...
Will Pound to Euro Rates Gain in September?

Will the GBP/EUR rate break out of its current trading range anytime soon? (Joseph...

The Pound to Euro exchange rate is now trading towards the bottom end of its current trading range, as the pair have dropped down to the 1.11's. For some time now the pair have struggled to breach the 1.14 mark, and with there being talk of Theresa May's (UK Prime Minister) position coming under pressure along with some disappointing inflation data yesterday, the Pound has been under pressure which has pushed it to the lower levels of the current range which I believe is roughly...
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...
Pound to US Dollar Pulls Back as Market Bulls Pause

Be wary of waiting for further gains for the pound (Daniel Johnson)

Interest Rate hike by the BOE a knee jerk reaction The recent gains for the pound last week were based on the predicted rate hike by the Bank of England (BOE) and tapering form the European Central Bank (ECB) along with the uncertainty surrounding the situation in Catalonia. The UK economy is shocking state considering where we could be had we not voted to leave the EU. Inflation is now at 3% and average wage growth is at 2.1%, In order to have a stable...
Brexit vote

All eyes on Inflation figures this morning (Joseph Wright)

This morning could be important for Sterling exchange rates, not just this morning but moving forward as analysts are expecting to see UK inflation levels hit a 5-year high. The weakening of the Pound since the Brexit vote has pushed up the rate of inflation in the UK, and for a while now the inflation level has been well above the Bank of England's 2% target. Many analysts in the city are expecting to see the rate hit 3% for September, and if this happens...

GBP/EUR Back Under 1.09 (Ben Fletcher)

This afternoon the GBP/EUR rate had one of its most volatile days in months. The European Central Bank provided their latest interest rate decision which as expected saw the rate remain at 0%. However in the statement afterwards President Mario Draghi's speech caused major volatility, significantly helping the Euro find support against Sterling and the US Dollar. Draghi did stay fairly close to the expected narrative saying that there could changes to economic policy, however they're there just yet. One consideration for the future...
Will Pound to Euro Rates Gain in September?

Services PMI causes Sterling spike against the Euro (Daniel Johnson)

Eurozone PMI data arrives below expectations Services Purchase Mangers Index (PMI) was released yesterday in the UK and the Eurozone. Services PMI is a measure of health in the sector and can move markets. The UK saw a fall of 0.3% and saw a slight rise in German data by 0.1%. Italian PMI came in 0.4% down and French PMI was also down by 0.6%. This caused GBP/EUR to move above 1.09, the best levels for Euro buyers for over two weeks. I am of the...