GBPEUR Sinks Again with Virus Case Surge

BoE Minutes Indicate Strong UK Growth (Matthew Vassallo)

GBP/EUR levels dropped during Tuesday’s trading, despite a positive look to the release of the latest Bank of England (BoE) minutes. UK growth forecasts for the first quarter of 2014 were revised up from 0.9% to 1%. There was further good news following a survey from the CBI, which showed improvements in the Manufacturing and Construction sectors, as well industrial production. Despite these positive reports GBP/EUR rates have fallen back below 1.2150 on the exchange during Tuesday afternoon trading. Personally I do not feel we...
GBPEUR Rejected by 1.17 Price Level Again

GBPEUR rate SPIKING (Steve Eakins)

Sterling rates have now spiked and are at the top levels seen for nearly 4 weeks. Great news compared to where they were on Tuesday when they fell to the lowest levels seen since February.  Rates are now up by almost 4 cents and giving buyers a good opportunity to buy as it seems increasingly likely that rates have established a negative trend over the last 3 months. Remember they were as high as 1.45 and this week as low as 1.32. It seems that...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

How will the election affect Sterling Euro exchange rates? (Tom Holian)

With the countdown to the election having already begun we are likely to experience a huge amount of volatility for Sterling Euro exchange rates. Opinion polls will be extremely important over the next few weeks for Sterling Euro exchange rates and this is what is likely to cause rates to move. The live interviews with Jeremy Paxman were viewed by millions and gave the public a very interesting insight into the policies for the upcoming electoral campaign. On Tuesday UK GDP is published and the expectation is...

Will the Spring statement cause market volatility? (Daniel Johnson)

Will there be any surprises from Hammond? Philip Hammond, UK Chancellor of the Exchequer is due to deliver the spring statement today. It is expected to be a no frills affair with no big surprises that could rock the markets. I tend to agree with this and I do not expected any breaking changes. It will commence around 12.30pm and is due to last around 20 minutes. Hammond has stated  that no other major economy has two major fiscal set-piece events a year and “neither should we”. He...
Pound exchange rates up following positive Brexit news

Swings with GBP / EUR rates!

GBP / EUR rate has fallen below the mid 1.27 mark with leading supermarket chain Tesco announcing they will be closing 43 unprofitable stores and looking to make cuts of £250m.  In addition Marks and Spencer this morning have also released data announcing general merchandise sales fell 5.8% in the third quarter which is not good signs for the British economy. It’s an important day for GBP with the BoE announcing the first interest rate decision of the year. The general consensus is the BoE...
Pound to Dollar Rate Drops to One-month Low

EU Inflation Weak But GBP EUR Still Dominated By Carney’s Comments At Yesterday’s Quarterly...

Whilst EU inflation and GDP today was disappointing, it looks as though sterling euro exchange rates are being dominated by Mark Carney's comments at the Quarterly Inflation Report yesterday.  Whilst the Bank of England increased their growth forecasts for the UK in 2014 from 3.4% to 3.5%, Carney expressed concerns about wages not keeping pace with other rises in the economy.  He also highlighted a strong pound was a concern, and there were a number of global factors that made forecasting an interest rate...
ECB interest rates and Brexit update

How to Achieve the Best Sterling Exchange Rates (Matthew Vassallo)

With all eyes on Mark Carney's appointment as new Bank of England governor, it will be interesting to see what his poicies are and the market recation to these. In truth he is inheriting an economy much improved to the one we saw at the turn of the year and the Pound has started to regain investor confidence over the past couple of months. However, despite some bullish statements our economy remains fragile and we continue to fight against high unemployment and inconsistent...

Euro weakens as Italian Government fails to form – How may this impact Euro...

The on-going political crisis in Europe has now deepened as news hit the wires over the weekend that the Five star movement and League parties had failed to come to an agreement and form a Government for Italy, heightening political instability in Italy and leading to Euro weakness. This may now pave the way for fresh elections in Italy and will more than likely lead to another long period of uncertainty not only for Italian politics but also for the Eurozone as a whole. There are...
GBPEUR Rejected by 1.17 Price Level Again

GBP/EUR Rates Spike Back Through 1.27 (Matthew Vassallo)

It’s been a productive day for Sterling, with the Pound spiking back up against the EUR. GBP/EUR rates are once again trading above 1.27, providing some of the best buying opportunities of the past 2 years. Today’s headlines were dominated by UK Chancellor George Osborne’s Autumn Statement and he was very bullish regarding the UK economic recovery and our growth forecasts for 2015 and beyond. This seems to have brought new found confidence to investors, with the Pound spiking by over a cent at today’s...

Sterling Rates Ahead of Bank of England Meeting this Week (James Lovick)

The pound is in for a roller coaster of a week with the Bank of England meeting this Thursday where there is a great deal of interest as to what action may be taken. At the July meeting almost one month ago there was a high expectation the Bank of England would look to cut interest rates. However no action was taken. Under the previous guidance that Mark Carney that some monetary easing would be required it now seems very likely that there will...