GBP AUD Opens the Week in a Well-Worn Range 

Sterling Rallies Against the EUR (Matthew Vassallo)

Any clients holding GBP should be keeping an extremely close eye on market developments, as the Pound has started to find some support over the past couple of days. This move has brought some much needed respite following a poor run for the Pound, which started at the turn of the year and has been compounded by the on-going uncertainty surrounding the EU referendum in June and a possible Brexit. The reason we have seen the EUR weaken off against Sterling is likely due to...

Today’s BoE Report Key to Sterling Recovery (Mathhew Vassallo)

Today we have the release of the latest Quarterly Bank of England (BoE) inflation report and this is likely to be watched closely by investors. It could also play a key role in any potential Sterling recovery, as it gives the markets an overview of any future monetary policy changes and the UK’s general economic well-being. If the BoE’s stance is bullish then it is likely Sterling could recover some of the ground it has lost against both the EUR & USD, both of which...

GBP/EUR Key data releases this week (Daniel Johnson)

The Pound has lost value against  the Euro as of late. There has been a variety of poor data from the UK which has weakened Sterling.  The main factor in any GBP/EUR trade the moment is possibility that the UK may exit the EU . The reason for recent poor data I feel is a direct result of the EU referendum. The uncertainty it has created is pushing away investors.  A  poll in the Economist  has the Leave camp ahead at 41%, the remain...
GBP EUR Exchange Rate: Weekly Review July 16  

best rates for buying the Euro with pounds for two months. (Ben Amrany)

The pound has today risen to the best level against the Euro for 2 months. It is difficult to state how long this rally may go on for against the Euro but at present we have seen a spike to 1.1725 this afternoon. The first main contributing factor seems to be that unemployment in the UK slightly fell. We have seen the Bank of England minutes also released and none were in favour of an interest rate hike or QE while only one member voted...

GBP/EUR Rates Surge Following Theresa May Appointment (Matthew Vassallo)

GBP/EUR rates have surged over the past 24 hours, with the biggest single gains seen since the result of the EU referendum was announced. The Pound rose by over two cents against the single currency, hitting 1.1981 at today’s high. Sterling is benefitting from some political stability, following Theresa May’s appointment as the new Tory leader & Prime Minister, effective from tomorrow. One of the key catalysts for Sterling’s woes over the past few weeks has been the political uncertainty created by David Cameron’s immediate...
GBP EUR Starts the Week with 1.1800 Test

Pound Euro rate stuck in 1.12 – 1.16 range…. but for how long? Sterling...

My clients continue to ask me just what will happen to the Pound against the Euro and in truth, like major analysts worldwide and the majority of people if I am completely honest you just cannot be completely sure. What you shoud be doing in this current market is looking at it from an investors point of view, why would you look to invest in either? The Euro Zone has plenty of problems, and I am still of the opinion that at some point (could be...
GBP EUR Exchange Rate: Weekly Review July 16  

Big Movement on GBP/EUR caused by Super Thursday (Daniel Johnson)

Ahead of the Interest rate decision and MPC vote results we saw GBP/EUR move to 1.42. Although the rate decision itself is extremely unlikely to see any change, the Monetary Policy Committee vote can move markets. There are 9 members who vote either to hike rates, keep them on hold or drop them. There was rumour that the two new MPC members could bring a rate hike vote to 7-2 against. It came in at the usual 8-1 against which saw Sterling drop sharply against...
The Pound Continues Its Fightback

GBP/EUR Spike Following False Memo (Matthew Vassallo)

GBP/EUR rates have recovered this morning following yesterday’s losses for the Pound. Sterling lost value yesterday following the release an apparent leaked memo, which indicated that up 30,000 additional civil servants would be required to facilitate our Brexit following the triggering of Article 50. This memo was widely renounced last night and this morning and the Pound has benefited as a result. Despite today’s spike yesterday’s sudden dip proves how fragile the UK economy and GBP remains in investors eyes and for that reason I...

Sterling exchange rates – HSBC report and week ahead

Sterling forecast Sterling exchange rates have been falling this week and we expect the risk for further falls to continue.  It seems that as the ‘teams’ are being formed for the LEAVE campaign and the In campaign for the BREXIT debate. We have already seen some heavy hitters join the LEAVE campaign which has resulted in rates falling 4 cents this week; that being Boris Johnson and the Justice Minister. We still have many MP’s to pledge their allegiance and with each new member it...

Greece is a Growing Concern for the Eurozone

Yanis Varoufakis Greece’s new finance minister met with his counterpart Wolfgang Schauble yesterday in an attempt to renegotiate Greece’s debt. Mr Schauble stone walled Varoufakis stating “ A reduction in Greece’e debt is off the agenda.” In fact by the end of their meeting they could not even agree to disagree. This coupled with the ECB’s ( European Central Bank) decision to not accept Greek government bonds as collateral for lending to banks has caused Sterling to break through the 1.34 barrier. The BOE’s...