Following yesterday UK Inflation Figures the price of sterling fell yesterday across 17 of the 18 major currencies. The only currency pair that did not fall on Tuesday’s trading was GBPZAR which climbed by over 0.5%. GBPEUR fell by over 0.5% GBPUSD fell by nearly a 1% all within a 60 minute time frame. This [...]
The timing of your exchange is critical to getting the best exchange rate on an international money transfer. Holding on or moving sooner by only a few days can literally save you thousands of pounds. But how do you know when to hold on and when to move quickly? There is of course no way [...]
Over the last 36 hours there has been a lot of data to take in for GBPEUR traders. Generally the picture has improved for the UK and weakened for Europe resulting in GBPEUR levels climbing. In summary we have seen a majority of Europe confirming that they have seen negative growth in the last quarter, [...]
Wobbles yesterday for the pound have proved short lived but remain. Fears over the damage to the UK economy from pulling out of the EU hurt sterling but it has ebbed back up. I think very soon in the coming weeks and months a 1.20 trading level is realistic but a few things need to [...]
The UK and Sterling seem to be going from strength to strength recently with more and more positive data coming out of the UK but will this Sterling strength continue? In my opinion I think there is a major possibility. Sterling has come a long way since hitting a low point after the UK lost [...]
Yesterday’s GDP figures surprised most analysts by showing a growth of 0.3% meaning the UK avoided falling a triple dipp recession. This moved the markets significantly creating a SPIKE and giving quick moving clients the chance to buy euros at a near 3 month high and Dollar at a 2 month high. But will the rates continue [...]
There is a whole host of economic data still to come this week and it looks to me like those most prepared will get the best deals. With no clear direction being established on the exchange rate pairing we are seeing lots of volatility which will affect your rate. The exchange rate is very sensitive [...]
GBPEUR proved yesterday again to the market why it is one of the most unpredictable pairs right now. In early morning trade an increase in UK Unemployment data caused the pound to lose ground with rates dropping to 1.1577. Then within a few hours a hint of the ECB (European Central Bank) cutting their interest [...]
Rates of exchange have already started to fall this week, earlier than I had expected. Yesterday the IMF cut their forecasts for growth in the UK which resulting in sterling losses across a basket of major currencies. The bad news for euro buyers is that I don’t expect the rate to climb up soon, in [...]
This week looks like it could be a bad week for sterling and I think Wednesday will be the key date. Wednesday morning we will learn if the Bank of England considered anymore QE (Quantitative Easing) at their last meeting back at the start of the month. We are expecting no real changes but it [...]
Over the last week GBPEUR rates have started to fall once more. To understand why we really need to understand why the rates first reached the 2 month high 10 days ago. This was down to Euro weakness rather than Pound strength, like most gains this year for the GBPEUR pairing I would add! The [...]
Unlike the weather which remains as cold as a few weeks ago, the pound has shaken off some of the worst of this year. Concerns over Cyprus and the stability of euro zone banks, plus a slightly better performing pound indicate to me a fairly range bound few weeks of anywhere between 1.16 and 1.19. [...]
Today we have the UK Interest Rate Decision, UK Quantitative Easing (QE), European Interest Rate Decision and European Quantitative Easing. This will make today maybe one of the busiest for the week and or month. The UK interest rate has now been held for nearly 5 years so there is little chance of any change. [...]
It has been a fairly quiet day with regards to GBP/EUR rates, with a high of 1.1807 and a low of 1.1771 but I think this could all change tomorrow. There are a couple of very key data releases coming out tomorrow which have the potential to rock the markets. First up at 12pm we [...]
GBPEUR rates have stayed steady for the majority of this week even with a host of data being released globally as the working week is cut short following the Easter break. Currently GBPEUR rates are close to a 2 month high for buying making it quite attractive but many are calculating their trade over the [...]
GBPEUR rates have continued to climb this week, slowly but continually meaning buying Euros is the cheapest for 2 months. It seems to be driven not by an improving UK economy so don’t get any hopes up, but the drive for a safe haven from the Eurozone. Today Cyprus banks open and depending on whether [...]
We have seen GBP/EUR rates drifting up today, in fact we have seen over a one cent movement over the last 24 hours with a high of 1.1778 and a low of 1.1663. There is no doubt that the market is very volatile at the moment with so much uncertainty in both the UK and [...]
Today the GBPEUR pair moved out of its range over the last 7 days helping people buy the Euro at a cheaper price. Earlier today UK PMI figures for the services sector, one of the largest sectors in the UK economy, showed a surprising improvement. This pushed the strength of the Pound up and has [...]
This week looks like it could follow suit with the previous one when it comes to the volatility of GBP/EUR rates. The start of the week has been fairly quiet with the only data release affecting the rates seeming to be the worse than expected PMI Construction data coming from the UK. This came out [...]
The tug of war between Sterling and Euro is still going strong with no sign of it finishing any time soon. GBP/EUR rates have been tremendously volatile in recent days and I think we could see this trend continue in the coming days or weeks. We started the week with the UK losing their AAA [...]
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