Pound to Dollar Rate Drops to One-month Low

Brexit Talks, Inflation and European Union Summit – Impact on GBPEUR exchange rates (Tom...

Pound vs Euro exchange rates have remained range bound during today's trading session in anticipation of what could be a huge day on the currency markets tomorrow. Both UK inflation and Eurozone inflation is due to be released tomorrow morning and this could cause big movements for GBPEUR exchange rates. The reason for Sterling's gains back in September was the rumours that the Bank of England may be considering hiking interest rates and so if inflation comes out high this could cause Sterling strength vs the...
GBP EUR Rallies After ECB Reduces Pandemic Support

GBP/EUR Rates Back Above 1.38 (Matthew Vassallo)

GBP/EUR rates have spiked back through 1.38 during Friday’s trading, finishing off another volatile week for Sterling exchange rates. The EUR had gained momentum earlier this week, following news that Greece had been granted an extension on their next loan repayment deadline. This initially brought some market support for the single currency, helping the EUR move back below 1.35 but as the week has worn on this support has waned and it now seems as if the Pound could continue on an upwards curve...
GBP EUR Looks to Employment Figures for Support

Pound Euro exchange rates remain stable so far this week – The key to...

Sterling rates againt the Euro have remained fairly flat so far this week with little to shout about for those looking to either buy or sell Euros with Sterling. For me the key will be Thursday when we see interest rate decisions for both the Bank of England and the European Central Bank. No change in  rates is excpected for either but any comments released by the Bank of England at 12:00pm or comments made by head of the European  Central Bank mario Draghi in...
ECB interest rates and Brexit update

GBPEUR at 4 year high, will it last?

GBPEUR has hit close to a 4 year high today but will it last? The economic challenges ahead for the UK will persist and anyone thinking it will be all plain sailing up to 1.30 or 1.40 would do well to remember just how far the rate has already come and look closely too at the economic conditions surrounding the pound. They are not good which is why sterling is dropping against many other currencies. The Euro has weakened by over 14% in the last year...
GBP EUR Looks to Employment Figures for Support

What can we expect on GBPEUR exchange rates today?

Well folks it is the morning we have been waiting for, today we have the release of the UK's Supreme Court decision which is at 09.30 am. This long awaited decision by the court will determine whether or not it is legal for the Prime Minister and her Government to trigger Article 50 without the consent of Parliament. It is widely expected to lead to turbulence on rates but the general impression is the previous decision will be upheld and sterling will strengthen. The outcome...

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...
The Pound Continues Its Fightback

Sterling Rally Falters (Daniel Charles Johnson)

Sterling has had a recent resurgence against the Euro, st one point touching 1.1786. As I predicted, I didn't expect the rally to last. The pound strengthened due to positive UK retail figures which can be attributed to an increase in tourism created by the weak pound and the rarity that is good British weather. This was followed by better than expected export data. Why there was such a positive reaction on GBP/EUR is beyond me. I thought this would have been factored into...
GBPEUR Sinks Again with Virus Case Surge

Huge risk to Sterling ahead of Brexit vote on Thursday (Tom Holian)

We are now only 5 days away from when the UK goes to the polls to vote on the EU referendum which could be the biggest risk to Sterling in its history against the Euro. Liquidity in the Pound has already fallen which meant that the Bank of England pumped in another £2.5bn into the markets last Tuesday in order to avoid a potential run on Sterling. If the UK votes to Leave the we could see a big fall in the value of Sterling not...
GBP EUR Looks to Employment Figures for Support

Big Movement on GBP/EUR caused by Super Thursday (Daniel Johnson)

Ahead of the Interest rate decision and MPC vote results we saw GBP/EUR move to 1.42. Although the rate decision itself is extremely unlikely to see any change, the Monetary Policy Committee vote can move markets. There are 9 members who vote either to hike rates, keep them on hold or drop them. There was rumour that the two new MPC members could bring a rate hike vote to 7-2 against. It came in at the usual 8-1 against which saw Sterling drop sharply against...
Pound to Dollar Rate Drops to One-month Low

A busy morning ahead for UK and EU data releases (Joshua Privett)

UK GDP figures for the first quarter of 2015 are due out early this morning, which is the second revision after further data releases for economic activity between January and April. The expectation is for a 2.4% growth to be shown. This was largely expected, so any divergence from this mark will cause positive or negative volatility for the Pound. More important is the release of consumer confidence figures this morning for the Eurozone as a whole. Due to the Eurozone flirting with deflation, and...