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 Hits 1.20 (Daniel Johnson)

Last night saw the US interest rate decision. Janet Yellen the Chair Lady of the Federal Reserve indicated last year there would be as many as four rate hikes in 2016, none of which materialised. She has since been accredited as a very cautious Chair Lady and Trump is not happy with the lack of hikes. He went as far as to threaten her position. Yellen's hand seems to have been forced not only by this factor but also by the very positive data coming...

What next for the pound versus the euro

The outlook for the pound versus the euro would appear to be more favourable for the pound over the euro. The pound is currently suffering from a bout of weakness owing to the recent poor weather in the UK which has caused rates to deteriorate. I would personally expect this trend to reverse later in the year as we see the prospect of a UK interest hike increase. The pound is not looking as good as it was however so we could see against a...

Sterling Remains Under Pressure (Matthew Vassallo)

Sterling remains under pressure following last week’s Bank of England (BoE) interest rate cut and on-going Brexit fears. Their decision to cut interest rates to a record low of 0.25% was widely anticipated but it seems as though investors had not factored in the full extent of a cut. As such, the Pound lost further value against the EUR and by this morning GBP/EUR With rates testing 1.17 on the exchange. Based on the recent trend a GBP recovery does not look imminent but as...

Election week is heating up. How will it effect the currency market? (Daniel...

Labor only 4 points behind the Tories Labor are now very close in the polls to the conservatives. The latest YouGov poll has a gap of just four points. Historically, during an election the currency in question weakens. As a rule, the more uncertain the outcome, the weaker the currency. The conservatives are deemed as a safer bet for the UK economy than Labor. When the snap election was called we saw Sterling strengthen against the majority of major currencies due the significant lead in...
Pound to Euro: When Will Sterling Fall?

GBP/EUR rates crashing (Joshua Privett)

We started the day for GBP/EUR at 1.42, rates are now at 1.39. Multiple factors have influenced the combination of Sterling weakness and Euro strength which have sent rates flying against the favour of Euro buyers. Firstly Sterling weakness for poor retail sales figures for last month, which were almost at a standstill when summer months normally record massive growth, begin the poor run this morning. This was alongside expectations that a rate hike for the UK will be delayed - a result of similar sentiments expressed...
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. ...
Will Pound to Euro Rates Gain in September?

Pound gains for a second day in a row, will this trend continue? (Joseph...

The Pound has gained once again versus the Euro as well as a number of other major currencies today, as improved investor sentiment coupled with some better than expected Manufacturing Data has boosted the Pound. In turns out that the weaker Pound, experienced since the electorate voted to leave the EU back on the 26th of June, has actually boosted the Manufacturing sector within the UK as exports have increased as demand for UK goods increases with their cheaper value. The Industrial Trends survey within the...
Will Pound to Euro Rates Gain in September?

Busy week for the pound. Get in touch to see the impact this may...

With the pound having remained range bound against the Euro between 1.174 and 1.198 over the last month it would suggest the 1.18 level is a fair value for both buyers and sellers. It has been notable how the market for GBP/EUR has been pretty flat the past few months and I would not be surprised to see this trend continue. Should you be looking at this pairing then watch out for the Bank of England minutes released tomorrow at 09:30, this will confirm how...
Pound to Euro Exchange Rate Ahead of UK Manufacturing and Services Data

Why is GBPEUR more likely to fall than rise?

Quite simply GBPEUR is up at the best rates in a good few months, almost a year and a half. Can we expect this to continue? That would probably be a very big ask if you ask me. The pound needs to really get a better run of economic data to outperform the Euro. The expectation is currently the ECB will cut their base interest rate and also look at some form of liquidity measure for the bank. LTRO (Long Term Refinancing Operation) is a...