Euro Suffers Losses to a Strong US Dollar and a Resilient Pound Sterling

Greece Update (Daniel Johnson)

Representatives from Greece met its international creditors in Brussels to discuss a possible  deal to unlock the last of its bailout money, which it desperately needs to make repayments to the ECB and over IMF the next couple of months. The Greek government indicated a resolution may be reached, saying it was in the process of drafting an agreement. German Finance Minister Wolfgang Schaeuble  was more pessimistic stating he was “surprised” by Greece's positive outlook.  European Commission Vice President Valdis Dombrovskis said the two sides...
GBP EUR Starts the Week with 1.1800 Test

GBP/EUR has an up and down day – What does the week ahead hold?

Sterling started the day off on the front foot against most majors, getting up to almost 1.14 against the Euro only to drop away again over the course of the afternoon. With a positive vibe around current Brexit talks and the chances of an interest rate hike in May for the U.K increasing, there are many reasons why investors would have an interest in Sterling once again. Although Sterling has gained ground this year against most major currencies, it has struggled to make much ground up...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

The Euro is paying the price for the lack of resolution on Greece’s Debt

Greece is currently €320bn in debt and Eurozone finance ministers are due to hold emergency talks to discuss Greek plans tomorrow. There is rumours of the European Central Bank (ECB)  proposing a 6 month extension and reorganising of Troika. However I personally cannot see a resolution being reached until a lot closer to the conclusion of the existing bail out plan on 28th February. Greek defence minister Panos Kammenos has stated there is a "Plan B" for Greece should negotiations fail. He has said that Greece will...

Article 50 triggered so what next for Pound to Euro rates? (Tom Holian)

With Article 50 now having been triggered we have not seen some of the volatility on Pound Euro exchange rates that many were expecting. The event itself left markets with little to move on and so the foreign exchange markets as well as global stock markets remained relatively flat. The UK has now formally triggered Article 50 of the Lisbon treaty and as we have officially started the Brexit process we have now passed the point of no return. Prime Minister Theresa May went on to try...

Thursday’s UK GDP Figures Likely to Affect GBP/EUR Rates? (Matthew Vassallo)

GBP/EUR rates have stayed fairly flat over the past few days and this may be the case until Thursday's revision of Q2 UK Gross Domestic Product (GDP) figures. With the original figure of 0.3% expected to be revised up, we may see Sterling spike back through 1.19 if the figures are released as expected. Sterling has performed well against the EUR of late despite the loses we saw at the beginning of this week and current rates are still offering EUR buyers some of the...
GBP EUR Higher as Inflation Jumps Again

GBP/EUR largely stable following last night’s debate (Joshua Privett)

Buying Euro levels, GBP/EUR, have been seen standard market movements this morning, both positive and negative, but as I write this article the rates of exchange are almost exactly where rates began the day. Markets had been trading negatively to begin the day, largely down to the still uncertain vote split on the poll of polls surrounding the Referendum itself. But this was stalled thanks to some positive manufacturing figures for the UK economy, the first of which following months of negative contractions. This is likely...
GBP EUR Lower Despite Weaker Euro Data 

Buying Euro rates have seen a further tumble despite confidence given from Carney (Joshua...

Buying Euro rates of exchange have tumbled this morning following some slightly underwhelming manufacturing data in the UK economy. Previously in August this overwhelmingly positive data on the Eurozone economy had provided a good boost to the value of Sterling following what had been a difficult month involving interest rate cuts, and an extension of emergency financial stimulus announced to counteract the shock to the UK economy for the Leave vote. Now this data, whilst still positive, has backtracked a bit, and counteracted some of the...
GBP EUR Exchange Rate: Weekly Review July 16  

GBPEUR rates calm before potential QE, GBPEUR rates, currency prices, Selling Euros, Buying Euros...

GBPEUR rates have stayed steady today, the calm before the storm some say.  This week the busiest days are yet to come with both European GDP figures tomorrow and the Key Interest Rate Decision both in Europe and the UK on Thursday.  GDP figures are expected to show an improving picture for the single currency and make the euro more expensive to buy.  Thursday’s Interest Decision in the UK and Europe will certainly make for an very interesting 120 minutes.  Europe is expected to...
GBP EUR Exchange Rate: Weekly Review July 16  

Sterling jumps 1% against the Euro following poor unemployment figures from Europe (Mike Vaughan)

Sterling has seen a strong end to the week rallying over 1% yesterday following poor unemployment figures from Europe. This morning it has carried on in the same manner shifting through the 1.18 barrier and testing 1.1850. With little data out for today this trend could well continue into next week. For me should you be buying Euros I am confident you will get more value from this pair as I am personally a little surprised that the recent positive data from the UK has not...
Pound to Euro Exchange Rate with UK Election Heating Up

Sterling Euro Exchange Rates fall owing to positive German Economic Data (Tom Holian)

Sterling Euro exchange rates have just started to fall from their recent highs following better than expected German economic data released this morning. The data has surprised the market with positive GDP figures as well as a Business Climate survey. With US GDP data due out later today at 130pm this could see EURUSD exchange rates drop if the data is strong as I expect it to be. Over the last few weeks we have seen a huge amount of Euro weakness owing to the increased risks...