You would have expected Sterling to suffer against most majors including the Euro yesterday if you looked at it at face value. The BofE minutes were released showing even hawks Spencer Dale and Martin Weale retracted calls for a rate hike as rates were kept on hold, 9-0 against. Furthermore we saw a rise in [...]
The Euro has gained over half a percent against Sterling today following statements from German businesses backing the development of a joined Euro zone bond. This has heaped pressure on Chancellor Merkel who has up until now defended her position against this bond. Germany posted encouraging GDP figures in Q1 of 1.5% and these are [...]
The currency markets are experiencing extreme volatility at present making it more important than ever to keep an eye on the market and be aware of what is happening. There are so many factors to consider when attempting to forecast the GBPEUR rate. The current states of both the UK and the Eurozone economies, the [...]
Recent movements on the GBPEUR rate have seriously hampered clients looking to buy euros and helped those selling euros. We have witnessed a drop of over 1% today and the rate had already taken a hit yesterday! The recent high of 1.1555 has dropped to a low today of 1.1250! This drop of 2.7% would [...]
Riots spread throughout the UK yesterday from North London to areas in South London, Bristol, Birmingham and Liverpool following the shooting of a notorious gangster in Tottenham. Even from my house in the home counties I left a lingering thought to the front door before falling asleep last night, was it locked? Definitely?? With these [...]
The currency markets over the past few weeks have been unbelievably volatile and we have seen the stronger performers (JPY,CHF) over the past few days moving up to 4% in a day as central banks attempt to devalue their currency as the pure strength is really causing them high troubles. Japan for instance is having [...]
Personally I think both interest rate decisions tomorrow are likely to be a relative non event – the ECB (European Central Bank) are very unlikely to raise rates (although admittedly there is a small outside chance) and the BofE (Bank of England) even less so. However this doesn’t mean to say that the markets will [...]
GBPEUR has weakened again today as investors continue to baulk at the state of Eurozone debt levels. As discussed last week, it was not even a week and the wheels were falling off the recent ‘resolution’ in the crisis. I cannot see how this will not continue to remain as a pressure on the exchange [...]
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