GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Will Sterling Euro exchange rates improve before the EU Referendum? (Tom Holian)

During the last few days Sterling Euro rates have fallen to their lowest level since November 2014 as fears of a Brexit continue to gather pace. Recent opinion polls have shown the vote has been getting closer and whilst the uncertainty continues this is likely to weigh heavily on Sterling exchange rates as it means global investors are selling Sterling in favour of other currencies. If we look back to what happened during the Scottish referendum and last year's general election we saw huge negative movements...
GBP EUR Starts the Week with 1.1800 Test

The Euro is Gaining Ground on Sterling (Daniel Johnson)

The Euro has started to rally back against Sterling. We have seen 1.44 this week, I felt GBP/EUR was chronically overvalued and we are finally seeing the Euro gain some much needed ground. If you have to sell Euros in the near future I don't see any major movements on the Greece situation in the next fortnight, so it may be an idea to move while GBP/EUR sits in the 1.42's. Thank you for reading today’s Blog, I would greatly appreciate any feedback you have...
GBP EUR Exchange Rate: The Week Ahead June 12th

GBP/EUR Forecast – Sterling Struggling to Sustain any Improvements (Matthew Vassallo)

GBP/EUR rates are floating around 1.12, with Sterling still struggling to make any significant impact against its EUR counterpart. The Pound came under pressure early this week following poor UK Services data, which came our under market expectation. This inadvertently boosted the EUR’s value, which has already been well supported of late. Some mixed Eurozone data helped curb any significant losses for GBP but as per the recent trend, every time the Pound has taken a step forward it has hit a wall of resistance and...
GBP EUR Exchange Rate: Weekly Review July 16  

Have Sterling Euro Rates hit their Peak? (Tom Holian)

Sterling vs Euro seems to have plateaued recently with GBPEUR rates trading just above 1.26 for the last few days. With UK GDP figures hitting their highest level since their previous peak reached in 2008 typically this would have seen Sterling rise higher. However, owing to the lack of increase for the Pound it appears as though we have little further room for improvement for Sterling Euro exchange rates. Indeed, there have been a few articles suggesting that Sterling is over valued by as much as...
GBP EUR Starts the Week with 1.1800 Test

Will the Pound Break through 1.20? (Tom Holian)

Will the Pound break through 1.20 is a question i'm being asked a lot recently and personally I think yes it will but we'll need to see both positive news from the UK combined with negative news from within the Eurozone. The Interbank level has broken through this level a number of times already this month but when it has broken above this level it hasn't lasted very long. By utilising a Limit Order to secure currency at a pre-determined exchange rate it's worth speaking...

GBPEUR may fall further before a rise later in the year

GBPEUR has dipped this week as the Bank of England reins in its own forecasts on just when interest rates may rise. Given the recent run of not so great economic data that is not wholly surprising and this is a trend many of us had been predicting on our blogs. Raising interest rates is an extremely risky approach to the economy since the possible negative effects on the economy are large. It would cool the housing market and reduce peoples disposable income knocking...

Where Next for GBP/EUR Exchange Rates? (Matthew Vassallo)

GBP/EUR rates have dipped back below 1.28 on the exchange, following a volatile couple of weeks for the currency pair. The Pound had managed to rise to a fresh two year high earlier this week and at one point it did even seem as though Sterling may put pressure on 1.26, before the EUR found support and started to fight back. It does seem as if Sterling recent run may now be tailing off and it is likely we saw an overcorrection following the Scottish...
GBP EUR Starts the Week with 1.1800 Test

Sterling Takes A Hammering (Daniel Johnson)

The Euro has strengthened significantly during today's trading. The European Central Bank dropped the deposit rate to 0.20, it was expected to be 0.30 which caused the sharp down turn for the pound. The high of the day was 1.4169, GBP/EUR now sits below 1.40. I have been saying it is wise to move when we above 1.42 for a long time and there are those who have procrastinated and proved costly. Ther eis hope however, it is widely expected that Draghi will announce an...
GBP AUD Opens the Week in a Well-Worn Range 

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...
GBP/EUR exchange rates creep up over the course of the trading week

Are GBP/EUR Rates Heading Back Above 1.30 (Matthew Vassallo)

GBP/EUR rates are creeping back up towards 1.30, following poor Eurozone Manufacturing & Services data released this morning. With the official reading coming out under expectation, the markets have reacted accordingly and the EUR has lost value as a result. This has continued the trend set last week, with Sterling gaining value due to the most recent referendum poll, which indicated the Remain camp had a clear lead. We also had poor Eurozone inflation data and this conspired to push GBP/EUR back above 1.30,...