GBPEUR Rejected by 1.17 Price Level Again

Positive UK GDP figures do little to help Sterling Euro exchange rates (Tom Holian)

Sterling Euro exchange rates have experienced another fall even with UK GDP figures for the third quarter coming out better than expected. This goes to show how much pressure the Pound is under vs the Euro as even with positive economic data we are not seeing any sustained gains for Sterling vs the single currency. The was the first quarter to be measured following the Brexit vote back in June and it highlights the problem that the Pound is facing since the announcement earlier this...
GBPEUR Rejected by 1.17 Price Level Again

Rise in German Business Confidence Certainly Euro Positive (Matthew Vassallo)

A report was released today, which indicated that German business confidence was on the rise. The IFO institutes monthly index showed that confidence rose for a second month in a row in December and this could certainly give the EUR a boost as we move into the New Year. Germany is well regarded as the linchpin of the eurozone and up until recently its economy had been considered untouchable. Whilst Germany continued to prosper, it was felt that it could provide the necessary protection for the rest of the eurozone....
Pound to Euro Exchange Rate with UK Election Heating Up

GBP/EUR Outlook (Daniel Johnson)

Positive retail sales figures for the UK and Mario Draghi indicating he will prolong QE and increase the amount of funds he is willing to pump into the Eurozone has caused GBP/EUR to break 1.39. If I was buying Euros I would be tempted to move quickly, GDP figures for the UK are due out tomorrow at 9.30am. I expect there could be a slight drop and Sterling could take a hit. Keep an eye out for Germany's CPI data on Thursday. Germany is the...
Pound to Euro Gains After Weaker German Retail Sales

Sterling Euro Exchange Rates at 3 month high (Tom Holian)

Sterling Euro exchange rates have hit a 3 month high during today's trading session as QE in the Eurozone gets closer as well as an interest rate hike in the US. Rumours are beginning to increase that both events will take place in December and this has caused the single currency to weaken vs Sterling creating some excellent opportunities to buy Euros at this 3 month high. Bank of England economist Andy Haldane was quoted earlier today stating that the UK economy is losing speed but...
GBPEUR Exchange Rate: The Week Ahead May 9th

GBPEUR rates continue to climb but for how long, when to buy euros? (Steve...

GBPEUR rates have continued to climb this week, slowly but continually meaning buying Euros is the cheapest for 2 months.  It seems to be driven not by an improving UK economy so don’t get any hopes up, but the drive for a safe haven from the Eurozone.  Today Cyprus banks open and depending on whether there is a run on the banks there, it could very well spread to other banks across mainland euro putting more strain on an already struggling financial system.  We...
GBPEUR Rejected by 1.17 Price Level Again

Buying Euro rates surge following Trump’s election (Joshua Privett)

Buying Euro rates have seen their largest and most sustained gains since the day before the Referendumin June, reflecting just how positive the sudden shift in sentiment towards the Brexit has become. Since Wednesday morning with the confirmation of a Trump victory,the Pound's rally has shown movement in three days what has not been recorded, apart from the flash crash, in the space of two whole months of trading. Stagnation begone, there is life in the markets once more. To summarise briefly why, this is due to...
ECB interest rates and Brexit update

Sterling has better end to a poor week (Mike Vaughan)

Stronger than expected GDP estimates and weaker industrial production figures from Germany has lent support to the Euro today to end what has been a poor weak for the pound. Since reaching a one year high of 1.2270 levels fell back into the 1.19s yesterday but have recovered back to 1.2065 at the days high. For me I believe this weeks trend has just been a slight correction a I would expect sterling to push back towards 1.22 in the next few weeks. For...

GBPEUR Rollercoaster likely to continue!

GBPEUR rates hit a high of 1.27, firmly underling the headlines of reaching a 2 year high. GDP data today was good and all the news has on the whole been positive. There are however some holes in the story, notably government borrowing rising and Construction actually shrinking for the second quarter that should be noted. Any holes are acknowledged by investors but the bigger picture remains and that is; the UK will likley be the first leading global economy to raise interest rates...
GBPEUR Rejected by 1.17 Price Level Again

GBP/EUR over 1.21. Best buying Euro rates (Ben Amrany)

Sterling recovered its losses after last week fall against the Euro where we witnessed the rate fall from 1.2230 down to 1.2020. Comments from both central banks in the UK and the Euro zone went to contribute the Euro strengthening. Before the central bank comments the pound was up at well over a year high. Mark Carney the Governor of the Bank of England stated that a further fall in unemployment will not mean an automatic interest rate hike in the UK. If you couple...
GBPEUR Exchange Rate: The Week Ahead May 9th

GBPEUR rates wobble with the Scottish vote

GBPEUR rates have dropped this week already, a fall was seen this morning of over 0.5 cents. This was down to the Scottish vote that has now started to have an impact on the exchange rates.  My view is that levels will remain volatile and therefore provide opportunities for the well informed. If I was buying euros this week I would hold until Thursday when the European central bank meeting take place. There seems to be a building pressure on the central bankers there...