How to Get the Best Exchange Rates (Matthew Vassallo)

Bank of England Minutes Mean Further Quantitative Easing Likely GBP levelled off against the EUR during Wednesday's trading, following a sharp loss in the markets yesterday. Tuesdays inflation figures were certainly not viewed as a positive by investors and this morning's Bank of England (BoE) minutes also lead to some questions, as to which direction our economy will be taking over the coming months. Whilst  the UK economy has been improving of late, our trade deficit remains alarmingly wide and this morning's BoE minutes, indicated it is likely we will see further Quantitative Easing...
GBPEUR Sinks Again with Virus Case Surge

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

Following the recent positive move for GBP against its EUR counterpart, many are questioning whether it is just a matter of time until we see 1.20 on the pair. Whilst UK economic data has certainly improved, we are not yet out of the woods and for this reason I am wary about assuming the current positivity surrounding the UK will continue and without this momentum the Pound may struggle to move much higher. It is important to remember that Bank of England governor Mark Carney...
Euro Stages Comeback Against the Pound at the End of This Week's Trading

Pound to Euro forecast: 5 month high to sell Euros for pounds

The pound to euro exchange rate has this week hit 1.1194 on the interbank exchange rate, presenting the best time in 5 months to buy pounds with euros. Why is the pound weak against the euro? This is the combination of increasing uncertainties surrounding Brexit, combined with the European outlook not being quite as bad as expected. With the pound likely to struggle in the coming weeks with the Conservative leadership challenge looming, there could be more opportunities for euro sellers. This week saw some rather worrying...
GBP EUR Looks to Employment Figures for Support

GBPEURO Forecast 2013

The current outlook for GBPEUR is that the rate will probably drop lower. It is therefore more likely we will see 1.20 before 1.25. This is because despite problems in the Eurozone it is probably more likely we will see some more QE by the Bank of England which will cause GBP weakness. There is the prospect of a further interest rate cut in the Eurozone but on balance I think it more likely we will see the rate drop to a poor performance of...
GBP EUR Looks to Employment Figures for Support

Global Risk – US QE Moves Currency (Steve Eakins)

Currency markets are moved by a number of factors. The top four are; Acts of God, Acts of Terror, Political Stability and Economic Data.  A majority of the movement comes from the last of the 4, however political data, commentary and forecasts also create a large swing in the cost of currency. One of the largest of these stories this year, has been the speculation on when the US will stop its current stimulus policy (also called Quantitative Easing or QE for short).  It is...
Pound to euro Awaits ECB Rate Decision for the Next Path

GBP/EUR rates crashing (Joshua Privett)

We started the day for GBP/EUR at 1.42, rates are now at 1.39. Multiple factors have influenced the combination of Sterling weakness and Euro strength which have sent rates flying against the favour of Euro buyers. Firstly Sterling weakness for poor retail sales figures for last month, which were almost at a standstill when summer months normally record massive growth, begin the poor run this morning. This was alongside expectations that a rate hike for the UK will be delayed - a result of similar sentiments expressed...

GBPEUR Outlook

Despite yesterday’s GDP data for Q1 2014 coming in slightly below par the pound is benefitting from a much improved economic outlook and the prospect of being the first of the big currencies to raise interest rates in recent years. However on the whole the pound should remain well supported. Despite little data today for the pound, tomorrow is a new month and we have a raft of UK data including Manufacturing Purchasing Manager’s Index (PMI) data. There are challenges to sterling’s strength down the line...
GBP EUR Heads for the Yearly Highs Once More

Euro Volatile on Greek Bailout – GBP EUR Exchange Rate Forecast ( Andrew Bromley...

Despite poor UK Retail Sales data released this morning, the Pound has remained strong against the Euro. The world waits to see the next step of the Greek 'Grexit' bailout, with the most likely outcome looking to be an extension to the current loan agreement. The next repayment date is 28th February so time is very definitely running out. I personally feel that up to 3 cents is built in to the current rate of exchange on Greek uncertainty, potentially meaning that if Greece is bailed out rates in the early...
GBP/EUR exchange rates creep up over the course of the trading week

A stable government is needed for a Pound rally (Daniel Johnson)

Theresa May's position has now been brought into question following her call for a snap election and the aftermath. Her decision to call an election when the opposition seemed so weak back fired when the conservatives failed to win a majority victory. Attacking tory core voters was deemed a poor move by senior conservative members. The PM's stance on Brexit is causing much unrest, with the DUP now in place alongside the conservatives it has been rumored we could be moving towards a softer...
GBP EUR Exchange Rate: The Week Ahead September 19th

GBP/EUR rates hit one month high (Alistair)

Sterling rose to a one month high against the Euro yesterday, with rates rising to 1.2534. Weaker than expected German industrial output and decreased growth forecasts from the EU commission had a negative effect on the Euro with European Central Bank president Mario Draghis  statement saying that the bank expected the Euro zone economy to remain weak in the short term also being a large factor in the euro falling to its lowest level since October 1st. This statement decreased investors confidence in the Euro and forced...