GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR SPIKING – Currency update

GBPEUR rates have climbed to a 6 year high over the last 24 hours, giving people with any euros to buy the best opportunity seen for some tim to remind people that the famous saying stands ‘more is lost through indecision rather than no decision’. I would certainly be someone taking full advantage of this if I was needing to buy the single currency. Moving forward there are more events taking place which could give a higher level yes but by waiting you open yourself...
GBPCHF rates hit near 3-month highs

Where Next for GBP/EUR following the triggering of Article 50? (Daniel Johnson)

Trade negotiations will be crucial to the value of the pound following the triggering of Article 50. Theresa May has been very positive in regards to how trade negotiations will proceed. She spoke yesterday and claimed the UK will be able to use the blue print of up to fifty current trade agreements already in place. Essentially copying deals that already in existence to avid the long drawn out negotiations process. This could cause the first clash with Brussels. May stated "It will be possible...

Spanish Double-Dip Recession a Boost for the Pound

Spain officially slipped back into recession yesterday as their most recent set of GDP figures announced that their economy had contracted by 0.3% in the first quarter of 2012. In addition to this Spanish retail sales fell by 13% and unemployment hit a staggering 24.4%. Spain's second period of recession is the latest significant headache for the Eurozone following the PIIGS needing financial assistance throughout most of 2011 and Greece's repeated bailout packages in the latter part of 2011 into 2012. Unfortunately it doesn’t seem to be...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

GBPEUR Exchange rates highest since January (Tom Holian)

Sterling Euro exchange rates have hit their highest level since January 2013 as UK unemployment figures have come out better than expected yesterday at 7.7% down from 7.8% as expected. This also saw the Pound gain against the US Dollar to above 1.58 on mid market. With levels close to the highest all year it is always tempting to see if there is any more scope for improvement but if we look at what happened during January rates fell over 8 cents during the month...
Pound to US Dollar Outlook - Brexit Deal or No Deal

Will the pound fall further against the Euro? (Dayle Littlejohn)

Throughout Friday's trading period the pound continued to fall against the euro and I believe this trend will continue this week. British politics are in disarray. The UK Prime Minister and Conservative leader David Cameron has announced he will be stepping down as Prime Minister and Labour leader Jeremy Corbyn has sacked shadow foreign secretary Hilary Benn this morning due to comments about his leadership. It seems like the EU referendum has divided the two major political parties and this will continue to weigh down on...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Sterling Exchange Rates Fall after Factory Output Falls

The pound has taken losses today following weak industrial and production figures which have shown factory output has fallen to their lowest levels in 3 years. Some might say this is a direct result of the Brexit referendum although my view is that the reason is far more simple than that. It is most likely as a result of downturn in these sectors in a global economy which is not performing well. The referendum may have put off some business decisions but the real...

Sterling Euro Rates hit lowest level since November 2014 (Tom Holian)

Sterling Euro exchange rates have hit their lowest level since November 2014 following some very negative data published this week in the UK. The UK current account deficit revealed a huge gap compared to the estimate. The announcement showed -£32bn compared to the estimate of -£20bn and the figures were the worst since records began in 1948. This is extremely concerning for the British economy and the Pound suffered as a result. Even though UK GD figures for the final quarter of 2015 were revised upwards this had...
GBPEUR rate remains steady as markets await the Autumn Budget

Will GBPEUR rise above 1.26 again?

The pound remains at a lower level against the Euro which is representing a good opportunity for anyone who is selling Euros to capitalise on a tough few weeks. The expectation is that the pound could strengthen this week as investors anticipate that a member of the Bank of England will have voted for an interest rate hike. Any dissent from the MPC (Monetary Policy Committee) could easily cause the GBPEUR rate to spike up to 1.26 which would be my target if buying Euros....
Brexit vote

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

GBP/EUR rates have remained flat during Wednesday morning’s trading, following yesterday’s positive move for Sterling. UK manufacturing data released yesterday morning was better than expected and helped boost the Pound’s levels, moving through 1.21 on the exchange against the EUR. Whilst rates have levelled out this morning it does seem as if GBP may gain some momentum in the short-term, as the Eurozone are still fighting deflation rumours and the possible knock on effects this may have on the region’s economies. Anyone with a GBP/EUR...

GBPEUR rates fall!

Much lower than expected Manufacturing PMI today has knocked confidence for the pound and raised some fresh fears of just how solid the UK's economic recovery is. I would expect the pound will remain reasonably well supported by the scope for further losses appears fairly certain. The market has been pricing in excellent UK data and the rates have so far been looking very favourable for anyone selling GBP to buy a foreign currency. The Euro has also fared well as US data slightly disappointed...