GBP – EUR – Best Rates of Exchange

Sterling has lost some ground in this afternoons trading session, as Euro traders move their currency positions in anticipation of a potential movement tomorrow. As the saying goes, "When America sneezes, the world catches a cold." We may see this tomorrow as the US releases it minutes for their recent Federal Open Market Comittee. Should the minutes of this meeting show a good economic outlook for the US, then as USD-EUR is the worlds most traded currency pair, the world will see volatility! Looking futher...
GBP EUR Exchange Rate: The Week Ahead September 19th

Buying Euro rates dip following Draghi speech (Joshua Privett)

The Pound has suffered further this week and buying euro rates have now hit some of their lowest levels since the beginning of the year. Tuesday's inflation figures once again (seemingly the third time in as many weeks) changed the narrative on whether the UK would be raising interest rates anytime soon. Some were stating this could occur as early as this November - however, this drop in interest rates has at least put the currency back by 3 months. Today, the poor news for buying Euro...
GBP EUR Starts the Week on a Positive Note

Bank of England interest rate decision looming (Dayle Littlejohn)

The Bank of England meet today to announce the latest interest rate decision, and forecasters are suggesting that an interest rate hike will occur. If the Bank of England decide to raise interest rates this will be the first hike in 10 years and the likelihood is that GBPEUR exchange rates will receive a further boost. Personally I expect GBPEUR exchange rates to break through 1.1450 if the central bank raises by 0.25%. However if the central bank disappoint and fail to live up to...
GBP EUR Looks to Employment Figures for Support

Buying euros this week – Unemployment news – STEVE EAKINS

European ZEW survey today came out positive for the Europeans however they still lost ground against the Pound. The reason for this was that the IMF has upgraded their forecasts for UK growth through 2014 to 2.1%, up from 1.8% previously.  This gave strength to the Pound and countered the euro strength this morning. GBPEUR levels are again standing at the high levels close to a 12 month high. Next on the horizon is Wednesday when we have probably one of the last big economic...
GBP EUR Heads for the Yearly Highs Once More

GBP/EUR Rates Move Back Through 1.21 (Matthew Vassallo)

GBP/EUR exchange rates continue to hold firm above 1.20 on the exchange , despite a negative market reaction to last week’s UK Retail Sales figures. Figures came in worse than expected and Sterling dropped by a couple of cents against the single currency. It did seem as if the EUR may build some momentum into this week but once again the Pound found further market support, moving back through 1.21. Anyone with a GBP/EUR requirement should be keeping a close eye on the release...
GBP EUR Rallies After ECB Reduces Pandemic Support

Sterling recovers some of its losses. (Ben Amrany)

Today the pound has recovered some of its losses against the Euro. This morning we witnessed the pound fall to a low of 1.1935 before recovering. The loss for sterling against the Euro has been concerning if you are buying the Euro. Since last Thursday the rate has fallen from 1.22 to today's low. Looking forward I do feel that the rate of exchange could well recover for sterling and next weeks key MPC minutes which outline how many members of the MPC voted for...
GBP EUR Starts the Week on a Positive Note

Pound Spikes After Positve Economic Data

The Pound has gained some support during Wednesday's trading making a gain of almost 0.5% against the euro and putting some pressure back on 1.28. At time of writing GBP/EUR rates are sitting at 1.2777 and are still providing some of the best buying opportunities of the past four years. This positive movement can be attributed to the release of today's UK unemployment figures and also the Bank of England minutes. Unemployment fell by 0.1% (46,000) which was certainly a positive, whilst the BoE minutes showed that its members voted unanimously...
GBP EUR Exchange Rate: The Week Ahead September 19th

Exchange Rate Forecast – BUY or SELL Euros (Andrew Bromley)

An unprecidented days trading yesterday as the Swiss National Bank surprised the world! The Swiss Franc, well know internationally as a safe haven currency surprised the world and made two key financial changes. - The Swiss Interest rate has been changed to -0.75%. This means it actually COSTS you money to have it in a savings account! - The second point is the removal of a peg linking the Swiss Franc with the Euro. The Swiss Bank had been throwing money at the Swiss Franc in an effort...
GBP EUR Looks to Employment Figures for Support

GBP/EUR sell-off pauses momentarily with the pair finding support at 1.20, but for how...

The downward pressure on Sterling exchange rates was eased today as the Pound gained on most major currencies pairs, and now that the brunt of the downward pressure on the Pound seems to be over, I think we can access the impact on each pair and identify the new trading channels moving forward. In the aftermath of the 'Brexit' announcement the Pound fell against the Euro faster than ever before, it was the biggest drop in 30 years and that indicates just how surprised the...
Pound to Dollar Rate Consolidates Gains

Has Sterling’s Run Come to an End? (Matthew Vassallo)

Sterling has been on an impressive run against the EUR this week, following UK Prime Minister Theresa May’s Brexit speech on Tuesday. In it she outlined plans for our breakaway from the EU, finally giving the markets some detailed information on how the government hope to facilitate our exit. Her tone was bullish as she claimed ‘no deal is better than a bad deal’ with the EU but remained hopeful that a trade agreement would be put in place with our closet trading partners. She also...