GBPEUR FX news – Week forecast for Sterling – Buying Euros – Selling Euros...

GBPEUR rates have been fairly steady over the last few trading sessions after the recovery for the Pound last week, however prepare for some movement.  This week we have a number of key reports...

EUR Weakens as Greek Unemployment Hits Record High (Matthew Vassallo)

Greek unemployment has hit a record high in May and further dented market confidence in the EUR. The Eurozone debt crisis had seemingly turned a corner with improving economic data but the news of...

GBPEUR (finally) breaks the 1.16! GBPEUR hits 2 week high, will it last?

Today Mark Carney won favour by making a clear commitment to not raise interest rates until 2016 unless the Unemployment rate drops below 7%. This is bad news in many respects for the pound...

Best Rates Of Exchange – Sterling Strength!

GBP - EUR has been a real Yo-Yo over the last hour. As Mark Carney gave his statement on Forward Guidance and answered questions from the floor, Sterling initially crashed! We then saw resurgance as...

UK Update – What is Forward Guidance? (Steve Eakins)

The most important data this week is expected tomorrow (Wednesday) when the new Governor of the Bank of England (BOE) holds his first Quarterly Inflation Report. He is expected to also give Forward Guidance...

Sterling – Euro rate of exchange creeps up – Positive data once again from...

Yesterday we saw extremely positive data out for the U.K from the service sector, with Services PMI coming in at the best level since 2006. This has stopped the charge that we have recently seen...

Sterling exchange rates – why are we so low? (Steve Eakins)

Last week we saw UK GDP figures comes out and show a surprising climb to 0.6% - Many as a result think that the UK is mended however I strongly disagree. There are some...

Selling Euros – Achieve Best Rates of Exchange

The forecast for this week is in my opinion is going to favour Euro buyers. The UK GDP figure for quarter 2 is released tomorrow, one of the most important pieces of data released quarterly. Last...

Euro rate forecast – Will the Euro lose ground against Sterling this week?

A fairly quiet week for the Euro with the most notable data releases expected tomorrow morning as we see manufacturing and services data released for the Eurozone. Expectations are for a slight increase which may...

Surprise 9-0 vote by the Bank of England gives Sterling a strong boost against...

This morning's Bank of England minutes showed a very surprising 9-0 vote from the members of the Monetary Policy Committee (MPC) leading to a strong surge for the pound against the single currency and bringing...