Sterling Euro Back Through 1.25 (Colm Gilhooly)
Sterling Euro exchange rates have recovered again this morning as most EU data disappointed, and UK Manufacturing PMI showed improvement. The unemployment rate did actually fall for Europe which is good news but it wasn't big enough to give huge benefit to the Euro as analysts seem more focused on GDP figures tomorrow and the ECB rate decision on Thursday.
The ECB cut interest rates last month to record lows and introduced a negative overnight deposit rate meaning bank actually have to pay to store...
All eyes are on GDP figures this morning as the UK is set for...
Today sees the latest release of GDP figures from the office of national statistic. This is the first estimates for the last quarter and expected to show yet another improvement for the UK. It’s also expected to confirm that the UK has now had 4 consecutive quarters of growth in a row, the first time since before the recession so a good 6 years. You can kind of understand as a result why the Pound has been climbing against so many currencies as a...
Pound Stays Strong Ahead of Tomorrow’s Unemployment Figures (Matthew Vassallo)
The Pound has held its position against the EUR during Tuesday's trading, with further small gains this afternoon. GBP has performed well against the EUR for the past couple of weeks and last week touched 1.19, providing some of the best buying opportunities of 2013. The question many of my clients are now asking is whether we will see 1.20 on the pair anytime soon and personally I would be wary about assuming GBP’s recent run will continue, particularly against the EUR.
Whilst GBP/EUR levels have...
GBPEUR rates continue to climb, this time with thanks to the European Central Bank and Mark Draghi. Mario who spoke today re-stated his position that interest rates will stay low in Europe for the next few years. This weakened the Euro making it cheaper to buy. GBPEUR rates are now up towards a 4 month high and going up. We are only ½ cents away from the highest level seen since January this year so a real opportunity to buy the euro cheaper. Remembering...
When to buy euros?
The recent GBPEUR trend has been upward and consequently it is well worth seeking out the best deals. I expect rates to continue to improve so if this is something you need to keep an eye on why no t make contact with one of our team?
The Bank of England have not looked at any further QE this month and this has helped sterling to make some small gains against most currencies including the Euro. GBPEUR is now the highest it has been all...
Bank of England Decision Keeps the Markets Guessing (Matthew Vassallo)
Today's key news was the decision by The Bank of England (BoE) to keep interest rates on hold at 0.5%. This decision was widely anticipated and it therefore comes as little surprise to see GBP/EUR rates remain fairly flat all day. There was a small spike for Sterling following the announcement but nothing more than general market fluctuation, with rates floating between 1.18 - 1.1850 during Thursdays trading.
The decision was also made that would be no further Quantitative Easing (QE) at this time, which...
Sterling rates SPIKE, GBPEUR 3 month high, GBPUSD 2 month high (STEVE EAKINS)
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 to climb?
My personal view is that even though the data showed an improvement I cannot see the pound gaining any momentum as the economic outlook is not great. The...
Could the UK and Eurozone both be as bad as each other? GBP/EUR volatility...
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 the eurozone and I can't see this changing any time soon.
The UK is waiting to see whether we can avoid a very undesirable Triple Dip recession, which we will...
GBPEUR Forecast – Will the pound get weaker?
There is no significant sterling data tomorrow but I still expect we will see fairly a busy day as markets adjust from today. The lack of QE by the Bank of England helped the pound briefly but European Central Bank indications that the Euro zone situation is not quite as bad as many think helped the Euro make further inroads against the pound. As I have said many times GBPEUR has not really found its feet so far this year and I see no reason this uncertainty...
I just saved a new client £744.74 against another currency broker!
Anyone reading this site who is fairly savvy on transferring money abroad may think that we are just ‘another currency broker’ and that they are all the same.
Well at 10.30 today I had a new client contact me on one of our sister sites buying €210,000 on a forward contract. He was already dealing with another company and wanted to check if he was getting the best deal. Lucky he did! One e-mail and 35 minutes later, he was £744.74 better off!
Even if you have...