GBP EUR Exchange Rate: Weekly Review July 16  

GBP Exchange Rate Down

Sterling exchange rates have taken a big hit this morning against both the Dollar and the Euro after UK PMI Manufacturing data came out a lot lower than expected.  The disappointing figures have eroded much of the Pound's gains from yesterday and early morning trading.

Euro Dollar Rate Close To Year High

The Euro remains close to breaking the year high recently seen despite poor Euro zone retail sales figures today- The FOMC Minutes release in the next two hours could prove very interesting in terms of future monetary policy for the Dollar and determine whether the Euro will break new ground in the short term...If you are selling Euros or buying Dollars keep a close eye on the next 3 days! The Pound is up close to 1% against the Euro at market close, although Manufacturing...
EUR GBP Moves Higher Ahead of UK GDP Update

Sterling Euro Forecast Predicts Pound To Remain Weak

Sterling exchange rates are likely to remain very weak versus the Euro if the Eurozone does raise interest rates this week.  The risk for anyone buying Euros will be if the anticipated interest rate hike is bigger than the expectation of a 0.25 point increase. Comments from Jean Claude Trichet early last month about the need for a modest increase, whilst not part of a series of hikes, really boosted the Euro against the Pound and the Dollar, and given that both the latter currencies...
GBP EUR Exchange Rate: Weekly Review July 16  

GBP EUR – Data out today

This morning sees the release of PMI (Purchasing Managers Index) data for both the U.K and the Euro Zone, Europe stepping up first at 09:00 and the U.K following shortly after at 09:30am. I would imagine whoever performs the better of the two should gain ground on the other, however the market moves on rumour as well as fact so this really depends on what was initially predicted and how much the releases differ. At 10:00am the final big release of the day for this currency...