Pound Sterling Forecast – Will the Pound Weaken Ahead?

GBPEUR rates above 1.26

GBPEUR rates have improved and are now comfortably above the 1.26 level representing an excellent time to buy Euros. Despite the continuing improvements clearly rates won't just keep rising. If you need to buy Euros now is a two year high to purchase them and there are no guarantees the rate will just keep rising. We are currency specialists who can assist in the safe transfer of currency at award winning exchange rates. For more information at no cost or obligation please feel free to...
Pound to Euro Exchange Rate with UK Election Heating Up

Will Sterling fall further against the Euro? (Tom Holian)

Sterling Euro exchange rates have fallen by over 7 cents during the month of December as the ECB extended QE and the US Federal Reserve decided to finally raise interest rates. Sterling has fallen across the board against all major currencies and I think we could be in for further falls as we go into the new year. Eurozone inflation is released early next week and one of the main reasons for the extension of QE was to combat falling inflation. Therefore, if the data shows signs...

Euro Defies Expectation Amid Friday Fight Back

The euro continued its recent surge against the pound and at time of writing was hovering around the 1.24 mark, making inroads of over a cent on last week’s trading. This is another example of how quickly the tide can change and proves to all those who were waiting for the ‘inevitability’ of 1.30, that there is no such thing as certainty in the currency markets. The reason for this sharp spike could well of been a reaction to the release of this morning’s UK...
Brexit vote

GBP/EUR Rates Drop Following Poor UK Inflation Data (Matthew Vassallo)

GBP/EUR rates have dipped during Tuesday’s trading following the release of UK inflation data. The figures came out worse than expected and this caused further losses for Sterling, continuing yesterday’s downturn. GBP/EUR rates dropped below 1.37 earlier today, before a slight recovery for the Pound. It may well be that the markets started to factor in today’s negative data during yesterday’s trading, which is why we saw the Pound lose value initially. Whilst I dod feel the Pound will find support above 1.35, I don’t...

Sterling Euro exchange rates close to 2 year high once again following inflation figures...

The Pound crept close to a two year high once again today following inflation figures coming out higher than expected which led to a spike in the value of the Pound against most major currencies. The higher inflation figure did add to speculation of a rate hike coming sooner rather than later and with a rate hike generally being very positive for the currency concerned the mere speculation of a potential hike can give the Pound strength. Tomorrow morning we have unemployment figures out for the...
The Pound Continues Its Fightback

Euro set for a busy week (Mike Vaughan)

Again today is set to be a relatively quiet day for the pound and the euro with much of the focus on tomorrow and the latter part of the week. Key areas to focus on are as follows: - Wednesday 08:00 Spain - GDP data - expected to show a small increase from 0.4% to 0.5% and again could lend support to the Euro. - Wednesday 10:00 - Euro Zone consumer confidence. Expected to fall, something that could impact the Euro negatively. - Wednesday 13:00 - German...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

Pound Euro price – when to buy – STEVE EAKINS

GBPEUR rates have started to climb today and are expected to continue this week.  If you are a EURO SELLER looking for the best price this week I personally think the opportunity has gone. If you are a EURO BUYER then waiting could save you a lot of money. European data today has showed a weaker position today giving sterling a good footing for the next few days.  Tomorrow we see data on UK Trade Balance and Interest rates, on Friday we have Industrial and...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

UK Retail Figures Cause a drop in Sterling (Daniel Johnson)

UK Retail figures were released this morning and they have come back lower than expected. They were predicted to be at around 5% and the actual figure came in at 4.2%, a significant fall. We have seen GBP/EUR drop into the 1.41's. This could well be a small window of opportunity for Euro sellers to bite the bullet. We have already conducted several large Euro to Sterling trades this morning and have more this afternoon which potentially we can tag new clients on to and...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Greece still in the Limelight (Daniel Johnson)

There is growing concern with regards to Greece making their repayments. There borrowing costs have now been increased to 27%. There is now the distinct possibility of a Greek exit form the Eurozone. The Greeks are due to pay back €1 billion in two separate payments to the International Monetary Fund next month and then a much larger payment to the European Central Bank in June. There is no guarantee they will be met. It would be in both parties interest to come to a resolution,...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Where Next for Sterling? (Daniel Charles Johnson)

Post Brexit data releases are causing the Pound to struggle. We have seen  manufacturing purchase managers index (PMI) come in well below par. Manufacturing PMI makes a up large chunk of GDP and as such is is a key indicator as to the health of an economy. It was predicted figures would come in at 49.1, but they came in at 48.2 (Anything above 50 indicates growth).Sterling weakened against the majority of major currencies as a result. Tomorrow will see UK Services PMI and...