Euro exchange rates on the way up

Euro exchange rates are once again on the way up against the Pound and significantly versus the Dollar which has weakened substantially against both overnight.  Yesterdays rate hike has helped the cause of anyone selling euros and any news which confirms expectations of two more interest rate hikes this year for the single currency will likely provide further support in the short term. UK Producer Price Index released in the next 15 minutes could cause some further volatility on GBP EUR exchange rates.
GBPEUR Gains After Weaker German Retail Sales

What will happen to GBEUR Exchange Rates? (Tom Holian)

GBPEUR exchange rates have been trading 1-37 to 1.39 during the course of the week as rumours continue of Greece running out of money and struggling to repay their debts. Greece had its credit rating downgraded during the week which led to GBPEUR rates going in an upwards direction. However, with all the political parties in the UK having now released their manifestos we are now just over 2 weeks away from finding out who will run the country. With no party close to forming a majority...
The Pound Continues Its Fightback

What to expect on GBPEUR today and later this week…

The start of a new month brings a whole new set of economic data to move the currency markets. The first week of the month is often a week where we see movements that will shape the direction of the rate for the rest of the month. Most importantly on Thursday we have the Bank of England and European Central Bank interest rate decisions. Whilst no changes in policy are expected the press conference after the ECB meeting is often a market mover. Potentially we could see some more...
GBP EUR Rallies After ECB Reduces Pandemic Support

EUR Strength Despite Positive UK Retail Figures

The euro has gained strength during Friday morning's trading depsite yesterdays positive UK retail figures. Sterling has dropped by over a cent against the single currency since the start of the week and the affects of last weeks Bank of England announcement and a string of poor economic data may be starting to take its toll on GBP rates. We are seeing the Pound fall off against most major currencies and to me the trade deficit figures that were releasaed earlier this week, were...
GBP EUR Starts the Week on a Positive Note

How to Get the Best GBP/EUR Exchange Rates (Matthew Vassallo)

UK inflation rates increased from 2.7% in May, up to 2.9% in June according to the Office for National Statistics (ONS). This figure, whilst a 14 month high, was lower than the expected 3% and caused the Pound to weaken against the EUR during Tuesday morning's trading. Whilst the UK economy does seem to be moving forward, inconsistent data along with a wide trade deficit, is continuing to hamper our recovery process. Personally I think we are likely to see a move back through 1.15 over the...

Will the Bank of England cut interest rates this Thursday? (Tom Holian)

Sterling Euro exchange rates have had a mixed week so far as rumours are that the Bank of England are gearing up for an interest rate cut on Thursday. Last month the Monetary Policy Committee voted in favour of keeping interest rates on hold at 8-1. However, the main reason why the vote was unanimous was owing to the fact that new Prime Minister Theresa May was announced just 24 hours prior to the vote. At the time Sterling Euro exchange rates were in the midst of...

Slight GBP/EUR correction today (Joshua Privett)

The slide in GBP/EUR since the start of this week on global markets halted this morning at lows of 1.353 and rose up again gradually to breach 1.36 as markets closed this afternoon. We are essentially seeing similar market movements to what evolved last week following the events of Black Monday. China's stock market slide reverberated on a global scale, causing investors to flee into safe haven currencies. As the Euro was cheapest and has proven to be more stable recently, this was preferable. Demand...
Pound to Euro Exchange Rate with UK Election Heating Up

Sterling Fighting Back! (Matthew Vassallo)

The Pound has started to recover against the EUR during Monday’s trading, following a tough couple of weeks. Today’s move has seen GBP/EUR levels spike back to 1.3435 at the high, before dropping back below the 1.34 threshold by close of European trading. This move will bring some relief to those clients holding GBP, after watching the Pound’s value deteriorate at an alarming rate recently. Today’s move came about due to poor Eurozone Investor Confidence figures, which came out under expectation and immediately caused the...
GBP EUR Starts the Week on a Positive Note

UK GDP Figures Cause movement in GBP/EUR (Daniel Johnson)

Quarterly GDP figures were released this morning and there was an improvement from Q1.  GDP has risen from 0.4% to 0.7% causing Sterling to strengthen over the Euro. GBP/EUR again breached 1.41 giving Euro buyers an excellent opportunity to purchase. Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on [email protected] or call on 01494...
GBPEUR Gains After Weaker German Retail Sales

GBP to EUR rate begins the week flat, will this week bring direction for...

After a very busy week for Sterling exchange rates last week, the Pound has begun the week in a quiet fashion with GBP/EUR trading exactly flat on the day at the time of writing. Those watching the GBP/EUR rate should be aware that the pair reached the top end of their medium term trend last week after hitting 1.1450, and that it's not unusual to see the pair dip shortly after hitting the 1.14/1.15's as many within the markets don't think the pair can breach...