GBP EUR Looks to Employment Figures for Support

GBP/EUR Best Rates – 1.41 reached (Joshua Privett)

Sterling Euro Exchange rates continue to be dictated by the impact of the Greek Bailout. They have broken through 1.41 once more during today's trading session as Greece failed to make payment of the 1.6bn€ due to the IMF; this caused further confidence in the Euro to diminish and subsequently rates fell. A referendum has been called in Greece to decide whether to accept the recent plan proposed by their creditors which would extend the bailout if reforms (cuts) are accepted in their economy. If you...
GBP EUR Looks to Employment Figures for Support

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

GBP/EUR rates have spiked again, following better than expected UK service data earlier this week. This acted as the catalyst to push Sterling back up towards a 7 year high against the single currency. Rates have levelled out today, with the latest Bank of England interest rate decision and monetary policy statement released this morning, causing very little fluctuations in the market. Interest rates have remained unchanged at 0.5% and personally I do fell the Pound will struggle to move back above 1.40 in...

French election news strengthens the Euro vs the Pound (Tom Holian)

Sterling vs Euro exchange rates have fallen from their recent high reached five months ago after the UK announced a snap general election last week. This gave the Pound a much needed boost vs the Euro but the gains have been short lived as the French elections announced their first round of results over the weekend. The French public have voted for two candidates who will now go head to head in the next round which is due to take place on May 7th. The likelihood...
Italian Quarantine to Weigh on EUR as BoE Announces 50bps Rate Slash

GBP EUR ahead of Bank of England Meeting Today

The Bank of England meet today and will decide on whether or not to raise interest rates. Although the central bank is expected to hold rates the markets will be interested in the minutes which will include how members vote and also the commentary coming from Governor Mark Carney. The economic data over the last months has been softer which has given the Monetary Policy Committee a good reason to hang fire. The ongoing uncertainty with Brexit is also being cited as being a...
The Pound Continues Its Fightback

Swiss set minimal rate for Euro – What does this mean for the Swiss...

Yesterday saw the largest movement for the Swiss Franc in its history as the Swiss National Bank decided to set a minimal level for the Franc against the Euro. Within ten minutes the CHF weakened by roughly 8% against everything as CHF was sold off rapidly by the SNB to get from 1.10 to 1.20 against the Euro, also against the Pound we saw similar movements as GBP-CHF went to 1.38 from 1.25! Lets see what has actually happened here and what effect this may...
GBP EUR Starts the Week on a Positive Note

Trade Balance and Production Data boosts the Pound (Daniel Johnson)

Pending Euro purchase? When should I move? We have seen a spike on GBP/EUR this morning following a series of positive UK data releases, going against the grain. Trade Balance data was positive across the board and was followed by Manufacturing and Industrial production data. Both moving up by 0.4%. GBP/EUR has hit a day high today of 1.1348 up from 1.1263. If I had a Sterling to Euro requirement I would be considering moving at current levels. Political uncertainty and a lack of clarity on...

GDP to influence exchange rates this week

The recent positive run for GBPEUR exchange rates came to an end last week, when UK inflation feel sharply and Governor of the Bank of England Mark Carney couldn't confirm the prospects of an interest rate hike in May. Sterling fell from the 1.16s to the 1.14s causing concern for euro buyers. Any further commentary from the Bank of England over the next couple of weeks before the decision will have the potential to cause further fluctuations. Other UK economic data in the form of...

Euro strengthens as ECB board member drops hint

We've seen the Euro strengthen during today's trading session, as a member of the European Central Bank has dropped a hint regarding next week's June ECB meeting. The ECB's Peter Praet has given us a strong hint during a speech in Berlin that next weeks meeting could see the ECB signal the end of their assett-purchasing programme. Some economists are expecting to see September as the cut off point which is actually an shorter time frame than initially expected. Personally, I'm expecting to see the...
GBP EUR Starts the Week with 1.1800 Test

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...

Pound Rallies as Fears Over Cyprus Grow (Matthew Vassallo)

What a difference a weekend can make! The Pound has rallied against the euro during Tuesdays trading, with events in Cyprus once again taking centre stage. We came back on Monday morning to find the markets in disarray, following an announcement by the Cypriot government that they planned to apply a 'bank levy' charge on all foreign and domestic imports. This means that anyone who holds a bank account in Cyprus is liable to pay a hefty fee, which will be relative to the amount of savings they...