Pound to US Dollar Pulls Back as Market Bulls Pause

Sterling Euro waiting for ECB announcement (Tom Holian)

Sterling Euro rates have been trading close to 1.38 this morning but have started to fall in anticipation of the ECB meeting due to take place this afternoon. ECB president Mario Draghi is due to discuss the QE plan which has already started with a total amount of EUR60bn introduced this month to purchase government bonds. There has been quite a lot of positive data for the Eurozone recently but none have had a positive impact on the Euro which signals that investors are waiting to...

Achieve The Best Rates of Exchange! Andrew Bromley

Eurozone GDP and Interest Rate Decision   The Eurozone has seen a bit of resurgence of late as strong economic data has been released from some of its major economies. The spotlight has also switched from the Eurozone to Sterling which has taken some of the heat off of Mario Draghi (Head of the European Central Bank) short term. Eurozone GDP is announced Wednesday with the likelihood of another small negative figure. The main focus point however will be the interest rate decision for the Eurozone on Thursday followed by...