On a relatively quiet week pound exchange rates have remained fairly flat with little movement compared to the the last 6 weeks. However I personally believe it is just the calm before the storm, I think the next few weeks will have some surprising news. Everyone with a currency position should reviews their situation with [...]
Governments around the world need to raise capital to pay bills and one of the largest ways they do this is by offering bonds. These bonds are similar to bonds offered by banks to members of the public however government bonds are of much larger volumes and are only purchased by banks, other countries and [...]
*****Breaking News***** The EURO took another dive this afternoon back towards a 4 year low against sterling as news from Spain broke. Trading shared in the Spanish 4th largest bank, Bankia, where suspended in Madrid. This is the bank that got a supposed “bailout” from the Spanish of €15,000,000,000 only 2 weeks ago. I raise [...]
There are a number of topics in the market regarding Europe that is ready to break, these include: The Greek election, Whether the Greek government can survive until then as money pours out of their banks, Whether Greece stays in the euro, The new French governments views on the creation of a Euro Bond, The [...]
Here at GBP EURO Forecast we are currency specialists working for the UK’s top currency broker. Through this website you will find regular information on the currency market in simple terms, allowing you to make an educated decision as to when to complete a currency exchange. Earlier today news was leaked by a number of [...]
UK inflation figures were released this morning and showed a sharp fall from 3.5% to 3%, the lowest levels since February 2010. Retails figures also fell and this may well lead investors to question whether the BoE will now reconsider another round of Quantitative Easing over the coming months. If this is even mentioned as [...]
As many regular readers will know currency markets move for a number of reasons including political events, natural disasters, acts of terror and economic data releases. The first few we have to be very reactive for but, generally, economic data has set dates for their release and the market normally has a expectation of what [...]
The euro has continued its Friday fight back and at time of writing was sitting at 1.2409 against GBP, up over a cent and a half from yesterday morning’s trading. As highlighted in yesterday’s blog, this spike is due to Thursday’a better than expected Spanish bond auctions, along with the BoE (Bank of England) cutting growth [...]
Thursday has seen further euro strength, proving that Wednesday’s initial spike was no flash in the pan. I believe this has come about due to the Bank of England (BoE) inflation report yesterday, which warned of the risks to the UK from the on-going eurozone crisis and downgraded medium-term inflation forecasts. BoE governor Mervyn King [...]
Earlier today Mervin King spoke at the Quarterly Inflation meeting. He warned that the Eurozone was “tearing itself apart” and the Eurozone “storm” was heading toward the UK with a large effect on the UK Economy. As a result we saw sterling lose a chunk of its strength against the Euro, the first time in [...]
The eurozone narrowly avoided falling back into recession today, after recording zero growth for the first three months of 2012. These figures came in stronger than expected, primarily because the German economy grew by 0.5%. The final quarter of 2011 showed that the eurozone has contracted by 0.3% and many analysts were expecting further negative [...]
Today the GBPEUR rate hasclimbed over 1.25 for the first time in nearly 4 years. This is after thenews that the Greek Government walked away from talks aimed at forming a coalition Government for the third time in as many days. They now have a number of days left to form a Government before another [...]
GBP/EUR rates touched past 1.25 today before quickly retreating back to the mid 1.24’s at time of writing. The spike may well of come about following yesterday’s BOE (Bank of England) meeting, as I feel the markets were anticipating talk of another round of Quantitative Easing, which in the end never came about. This assumption [...]
Yesterday UK PMI (Purchasing Managers Index) Service figures were released and made for fairly grim reading. They showed a contraction down from 55.3 last month, to 53.3 this month. This set of data is considered key for the UK, as the services sector makes up two thirds of the UK’s economic output. This proves that [...]
Spain officially slipped back into recession yesterday as their most recent set of GDP figures announced that their economy had contracted by 0.3% in the first quarter of 2012. In addition to this Spanish retail sales fell by 13% and unemployment hit a staggering 24.4%. Spain’s second period of recession is the latest significant headache [...]
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