Euro exchange rates on the way up

Euro exchange rates are once again on the way up against the Pound and significantly versus the Dollar which has weakened substantially against both overnight.  Yesterdays rate hike has helped the cause of anyone selling euros and any news which confirms expectations of two more interest rate hikes this year for the single currency will likely provide further support in the short term. UK Producer Price Index released in the next 15 minutes could cause some further volatility on GBP EUR exchange rates.
GBP EUR Exchange Rate: Weekly Review July 16  

GBP/EUR Holds Steady

GBP/EUR exchange rates have remained relatively steady throughout the day with the pound slightly gaining against the Euro to the tune of 0.3%. As expected the Bank of England kept its base rate on hold at 0.5% and the European Central Bank followed 45 minutes later by raising rates, as many expected, by 0.25% to 1.25%. Following the release we saw an initial surge in the Euros favour however Jean Claude Trichet's subsequent comments have paired back the Euros gains. The next data set of...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Sterling Exchange Rates Continue Losses

Following yesterday's positive gains we have seen the pound lose ground against the Euro further this afternoon. I do feel, however, that GBP/EUR rates hinge on tomorrows key interest rate decisions from the UK and Europe. Personally I believe the UK will keep rates on hold and this will have little impact, however of interest will be that of the ECB. Many analysts expect Europe to raise rates by 0.25% and I firmly believe this has been priced into the market (hence Euros recent...
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...

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...