Best Time to BUY EUROS?

Today has seen Sterling push through the 1.19 marker again, on the back of both yesterdays Unemployed improvement, and Mark Carneys impressive speech indicating house price control. Those buying Euros will be well aware that current levels above 1.18 have been incredibly sought after, as August saw Interbank levels in the low 1.14s. The impressive increase is linked to the constant supply of positive UK data, most recently UK Manufacturing and Production data, which has long since been the UKs downfall. Looking forwards, I believe that GBP-EUR will...

Brexit Amendment weakens Sterling (Daniel Johnson)

The House of Lords voted yesterday in favour of protecting EU citizens rights who are residing in the UK. The pound suffered as a result as this could potentially delay the invocation of article 50.  The PM  has however made reassurances that this will not cause a delay in an official exit from the EU. Personally I am surprised the market reacted in this fashion. I am not surprised this amendment was made and I would not expect it to delay the triggering of article...
GBP EUR Starts the Week on a Positive Note

Best time to sell Euros into Sterling in 3 years as Article 50 will...

Sterling has continued to struggle against the Euro causing GBPEUR exchange rates to hit their lowest level to buy Euros in 3 years. The announcement made by Prime Minister Theresa May that Article 50 will be triggered by March 2017 has caused confidence in the Pound to drop against the Euro, US Dollar and other major currencies. The good news is that if you've been holding on to your Euros and waiting to buy Sterling this has gained you a huge amount extra in your...
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...
GBP EUR Exchange Rate: The Week Ahead May 22nd

Andy Haldane’s comments knock Stirling back

GBP/EUR took a knock after Sterling's resurgence today. I think there is a strong possibilty this may have been caused by the BOE's (Bank of England) Andy Haldane. He  suggested theMPC (Monetary Policy Commitee) still has options including QE and rate cuts and that risks to inflation in UK and overseas may be skewed to the downside. He also stated  he does not see an immediate case to change interest rates and chances of a rate cut or rise are evenly balanced. He indictaed thatpolicy...

Euro Rate Drops After Portugal And Interest Rate Decision

The Euro has lost a little ground against the Dollar and the Pound from yesterday following portugal leeting us in on the worst kept secret and finally requesting the need for financial assistance from the EU. Trichet didnt dissapoint markets and announced a 0.25 point interest rate rise for the Eurozone but didnt give strong commitments to a series of rate rises which some were looking for to ensure further gains for the Euro.
Pound to Euro Exchange Rate with UK Election Heating Up

Best rates for buying and selling Euros (Ben Amrany)

The pound was rocking and rolling against the Euro this morning spiking up to a level breaching over 1.22. Then at 10.00 am the Euro zone released their inflation figures which came out better than what the markets were expecting and the Euro strengthened to 1.2090. Disinflation has been one of the biggest concerns for the region as low inflation will hinder growth for the whole region. The figures this morning meant that it has given the European Central Bank some room for maneuver in...
GBP EUR Slumps Despite UK Rates Lift-Off

Pound close to 4 months lows vs the euro owing to political landscape

The pound to euro rate is now trading close to its lowest level in four months. British politics and the impact on the pound to euro rate There are a number of reasons for the pound's recent demise against the euro. The European elections have highlighted a problem with British politics and this has negatively impacted sterling exchange rates. It appears that the voting public are divided on the subject of Brexit and as of yet neither the Tories nor Labour have offered a clear path....
GBPEUR Forecast – Internal Market Bill Drives GBP Lower

Is the trend of a strong April for the Pound about to end?

The seasonal trend of the Pound gaining throughout the month of April looks set to end this month, which is coincidentally the 13th month unlikely when the Pound is compared with the US Dollar. The Pound tends to perform well against most major currency pairs including the Euro during April, with the trend being attributed to the new tax year and a lot of dividend payments being made around this time in GBP denominated equities. It looks like 13th time unlikely as the Pound is trading...
GBP EUR Recovers from Early Losses on EU Trade

GBP/EUR stuck at pivotal point of 1.15 – Will rates break above or...

Sterling is currently sat around the 1.15 mark against the Euro and appears to be fairly range bound as we head towards the end of the trading week. Yesterday saw the most volatility for the pairing that we have seen this week following the European Central Bank interest rate decision and press conference, this led to a little Euro weakness and Sterling moving back up through 1.15. This rise was short lived however, as profit taking knocked the pound back below 1.15 and now we...