Sterling on shaky ground

GBP/EUR rates dependent on UK economic data and EU politics this week

So far the week has been fairly flat for GBP/EUR exchange rates once, but there is plenty of economic data due out over the next few days that should create some volatility. Tomorrow we have the release of U.K inflation figures  along with a flurry of data from the Eurozone as the morning progresses. Inflation in the U.K is expected to have dropped off a little, from 2.5% to 2.3% and this may result in a drop in the value of Sterling against the Euro if...
GBPEUR Supported by Boris Johnson Reopening Update

GBP/EUR Forecast – Sterling Finds Some Support After Last Week’s Heavy Losses (Matthew Vassallo)

The Pound has found a level of support against the Euro this week, following a poor run over the past couple of weeks. GBP/EUR rates are now trading back above 1.14, which will be welcomed by any clients looking to execute a GBP/EUR currency exchange over the coming days. It’s been well documented that the Pound has been under pressure of late. Investors quickly sold off their GBP currency position, when it became clear that the Bank of England (BoE) would not be raising interest rates...

Euro buying opportunity as Italian politics causes concern

The Euro has weakened as investors struggle to make sense of the latest news from Italy and their political situation as we wait to learn the latest coalition proposals. This has been directly linked to the latest news from the 5-Star party and also the far-right league who have both indicated that they are pursuing an agenda which does not conform to the current visions embodied by Merkel and Macron. Aiming for deeper integration we have seen the Euro rising on the back of previously held...
GBP EUR Higher After French Economy Shrinks

Has GBP/EUR already hit its 2018 high, and what factors could drive its value...

The Pound to Euro exchange rate is currently trading around the 1.14 mark, after seeing a slight boost yesterday off the back of some positive data. After beginning yesterday's trading session closer to the 1.13 mark the Pound was boosted when the Office of National Statistics (ONS) announced that UK unemployment sits at the record low of 4.2%, and that wage growth in the UK has outpaced the rate of inflation for the first time in a year. Despite this positive data the Pound to Euro...
Euro Trades Below $1.08, Triggering Options Markets to Flash Warnings

Important day for GBP/EUR exchange rates – U.K Unemployment and European growth figures the...

Today will be important for GBP/EUR exchange rates as we have the release of some key data for both the U.K and Europe which will no doubt have an impact on GBP/EUR exchange rates. First and foremost we haver U.K unemployment and average earnings figures which will be focussed on by investors, speculators and the Bank of England as economic data at present is extremely important for where we may head next with interest rates. A drop off in economic data for the U.K has recently...
 GBP EUR Higher After Inflation Hits Another High 

Bank of England keep rates on hold which causes the Pound to fall against...

The Bank of England confirmed yesterday that they would be keeping interest rates on hold and the vote was split 7-2 in favour of keeping interest rates the same. The Interbank level fell from 1.1450 to 1.1380 minutes after the announcement as some now feel that an interest rate hike may be a long time away from coming. UK GDP data which came out a fortnight ago showed growth was at just 0.1% for the first quarter and this was one of the principle reasons for...
GBP EUR Rallies After Bank of England Rise in Interest Rates

GBP/EUR Forecast – Sterling Falters Following BoE Interest Rate Decision

The Pound has retracted against Euro counterpart during “Super Thursday” following a host of UK data releases and of course, the much anticipated interest rate decision by the Bank of England (BoE). GBP/EUR rates have fallen back towards 1.13, hitting 1.1315 at this afternoon’s low. This is a drop of almost a cent and a half from its earlier high, as investors continued to sell-off their Sterling positions throughout afternoon trading. Today’s dip came following news yesterday that the House of Lords had voted to stay...
GBP AUD Lower After the Latest UK Inflation Figures 

What can we expect for GBPEUR rates from the Bank of England interest rate...

The Pound to Euro exchange rate is trading in familiar ranges in a volatile manner as the market is trying to second guess what we can expect next from the Bank of England. The interest rate decision is at 12 noon today and we also have the latest Quarterly Inflation Report from Mark Carney and his team too. The Pound has been very susceptible to changes in UK rate expectations and today is a day of reckoning. The rates could rise to the previous highs...
GBP EUR Slumps with Lower GDP Print

Will GBPEUR exchange rates rise or fall by the end of the week?

With GBPEUR exchange reaches back above 1.14, it seems like a good time for euro buyer to take advantage as I expect the pound could come under pressure on Thursday when the Bank of England announce their latest interest rate decision. The chances of a rate hike have dropped to 20% from 80% according to Lloyds and the reason for the fall is that UK economic data released last month disappointed. Retail sales, inflation and GDP all dropped significantly and recent Brexit developments are also...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBP/EUR trading around a 6-week low, will the pair continue to fall?

The Pound has come under pressure once again today, not just compared to the Euro but across the board of major currencies. Those planning on making a large transfer from Pounds into Euros are seeing the cost of Euros become more expensive on almost a daily basis at the moment, and there are a number of reasons for this. The financial markets had previously been pricing in an interest rate hike from the Bank of England, up to 0.75% which would be the highest rate...