Blog Feed: Foreign Exchange Rate Forecasts

Pound/Euro falls to lowest rate since April 2011

Published on 2013-01-11 10:03:45

Friday 11th January 2013 Good afternoon. Things have not gone well for the Pound/Euro cross I'm afraid. It's been in general decline now for a few months, and this week saw further drops. Today alone it has dropped from 1.2280 to 1.2075 in the cour

Pound/Euro & Dollar forecast for 2013

Published on 2013-01-04 09:38:27

Friday 4th January 2013 Good afternoon, and a very happy new year to all my regular readers, and of course those finding my site for the first time! It's the first post of the year, so this afternoon I'm going to go in to quite a bit of detail on

Weekly Pound/Euro & Pound/Dollar forecast

Published on 2012-12-24 05:21:47

Monday 24th December 2012, Christmas Eve. Good morning. Firstly I would like to wish everyone including my regular readers a very merry Christmas and a Happy New Year! Today I will take a look at last weeks movements, and what may happen this week.

Pound/Euro rates continue to fall

Published on 2012-12-17 01:30:02

Monday 17th December 2012 Good morning. As always for a Monday, today I'll take a look back at last weeks movements, and what may happen to exchange rates in the run up to Christmas. The Pound/Euro rate fell steadily last week, to it's lowest rate i

GBP/EUR & GBP/USD forecast 2012/2013

Published on 2012-12-13 09:01:48

Thursday 13th December 2012

Pound/Euro exchange rate forecast Outlook

Published on 2012-12-10 01:30:03

Monday 10th December 2012 Good morning. Sterling Euro rates hit a 5 week low last week, before staging a slight recovery on Thursday and Friday. As always for a Monday, today I will take a look at what has moved the rates in the last week, and take

Autumn statement effect on exchange rates

Published on 2012-12-05 08:52:07

Wednesday 5th December 2012

Pound/Euro exchange rate forecast December

Published on 2012-12-03 01:30:00

Monday 3rd December 2012 Good morning everybody. It's a new month, and today I'll take my usual retrospective look at what happened last week, why the Pound/Euro rate fell, and what the month of December may hold in store for Exchange Rate forecasts

Pound/Euro forecast; rates could drop further

Published on 2012-11-26 02:00:19

Monday 26th November 2012 Good morning. The Pound/Euro exchange rate fell quite a bit last week, and the forecast is for this to continue. This is partly due to events in Europe, but also due to the fact the Bank of England governor is speaking agai

Pound/Euro rates falling. December forecast

Published on 2012-11-21 05:36:38

Wednesday 21st November 2012

Pound/Euro exchange rate forecast outlook

Published on 2012-11-19 01:30:03

Monday 19th November 2012 Good morning. Another Monday morning, so let's take a retrospective look at what happened with exchange rates this week. In today's post I'll also look at some of the tools you can use to protect against exchange rates movin

Pound/Euro rates fall on BoE Inflation report. Forecast.

Published on 2012-11-14 10:18:03

Wednesday 14th November 2012

Pound/Euro exchange rate forecast November 2012

Published on 2012-11-12 01:30:05

Monday 12th November 2012 Good morning everyone. As usual for a Monday, today I'm going to take stock of last weeks movement in exchange rates, look at why GBP/EUR rates have climbed. In addition I will analyse what may happen in the coming weeks to

US Election effect on exchange rates / GBPEUR hits new high

Published on 2012-11-07 10:44:19

Wednesday 7th Novmeber 2012 Good afternoon everybody. Things have moved around in the currency markets quite a bit today. We've had the US election dramatically affect the value of the US Dollar and riskier currencies. We have also seen Pound/Euro ra

Pound/Euro exchange rates best in a month

Published on 2012-11-05 05:23:13

Monday 5th November 2012 Good morning. Pound/Euro rates have recovered well over the last few weeks, hitting their best in over a month. This is mainly due to a raft of better than expected economic data from the UK, lessening the chances of further

Better UK data boost Pound, but not against Euro

Published on 2012-10-31 09:58:05

Wednesday 31st October 2012 Good afternoon. Sterling rose against most currencies through trading today, but remained fairly flat against the Euro at around the €1.24 level. The reason for the gains is the fact we’ve had some decent and robust UK

Pound/Euro rates climb after good GDP data

Published on 2012-10-29 04:08:09

Monday 29th October 2012 Good morning. The Pound/Euro rates climbed nicely last week when UK GDP figures confirmed we are out of recession. Today I'll have a look back at the events of last week, look at what might happen with exchange rates going forwards, and as usual round up the weekly economic data that could affect exchange rates in the short term. In this week’s Report:

Pound/Euro at 1 week high, GDP figures tomorrow

Published on 2012-10-24 08:34:52

Wednesday 24th October 2012 Good afternoon. In this afternoon's post I'm going to take a look at the EU numbers that have pushed GBP/EUR rates up, and also have a look at what effect tomorrow's UK GDP figures could have on exchange rates. Don't forget, if you're looking for the best exchange rates you can send me a free enquiry, and have a no obligation consultation on your requirements, find out more about our service and the options available to you. Pound hits 1 week high against Euro, GDP [..]

Pound/Euro forecast outlook 2012 Best Exchange Rates

Published on 2012-10-22 02:49:49

Monday 22nd October 2012 Good morning. It was a torrid weak for Pound/Euro rates last week, with levels dropping to their lowest in 4 months. In this mornings report I'm going to have a look back at the reasons why rates have fallen, and what the rest of 2012 may have on store for exchange rates. If you need the best possible rates, click the link at the bottom to send me a free enquiry today. In this week’s Report: Pound/Euro rates hit 4 month low

Pound at 4 month low vs Euro despite good UK data

Published on 2012-10-17 10:01:16

Wednesday 17th October 2012 Good afternoon. It has been an interesting day for exchange rates, as we saw some much better UK data which helped lift Sterling against many currencies, however against the Euro we saw rates fall to a 4 month low due to a stronger Euro. This afternoon I’ll take a quick look at the data that has been released and the effect it has had on exchange rates. Better UK Data lifts Sterling, but not against the Euro The Pound made some gains this morning after some surpr [..]

Weekly Sterling/Euro FX rate forecast

Published on 2012-10-15 01:30:05

Monday 12th October Good morning everybody. As always for Monday mornings, today I'm going to take a detailed look at Pound/Euro rates, where they have moved and what the forecast is for the coming weeks. In a nutshell, rates have been falling and are expected to continue to do so. In this week’s Report: Sterling weakens on chance of more QE Pound/Euro falls to new lows in the €1.23’s Pound/Dollar remains in the $1.60’s Round up of the week’s other data that may affect rates Sterlin [..]

Pound/Euro forecast and Best Exchange Rates

Published on 2012-10-11 02:25:57

Thursday 11th October 2012 Good morning everybody. In today’s post I’m going to have a look at how exchange rates have fared so far this week against the Euro and the US Dollar, in addition to the types of contract that are available to help you make the most of your currency if you are looking for the best exchange rates.

Weekly Pound/Euro forecast and the weeks data

Published on 2012-10-08 09:50:04

Monday 8th October 2012Good morning everybody.

Weekly Pound/Euro forecast and the weeks data

Published on 2012-10-08 09:44:20

Monday 8th October 2012 Good morning everybody.

Pound/Euro, Pound/Dollar, Pound/Aussie forecasts

Published on 2012-10-03 05:48:01

Wednesday 3rd October 2012 Good afternoon everybody. I'm taking a few minutes to give an update on what has been happening so far this week int he currency markets. The Pound has not fared very well so far this week, and exchange rates to buy US Dollars have dropped to a 3 week low, while against the single currency, GBP/EUR rates have dropped to the lowest in 2 weeks.

Pound/Euro forecast outlook October 2012

Published on 2012-09-29 03:00:05

Monday 1st October 2012 Good morning everybody. It's the start of a new week and a new month. Today I'm going to have a look back over what has been happening with Pound/Euro rates in the last week. In short, we've seen a slight recovery in Pound/Euro rates, however during the next month there are some key decisions in both the UK and EU that could pull the rate in either direction. I will also touch on tools and strategies you can use to protect against the rate moving the wrong way. In this w [..]

Getting the best GBP/EUR exchange rates

Published on 2012-09-24 00:30:02

Monday 24th September 2012 Good morning. It's the start of a new week, so as usual I will look at what has happened with Pound/Euro rates over the last week, where rates may head based on what we know about the current economic situation, and also a round up of the most important data releases this week that I think could have an impact on exchange rates. In this week’s Report: Pound/Euro rates recover from 3 month low More QE could be on the way from the Bank of England Sterling/Dollar at [..]

Pound/Euro & Pound/Dollar forecast outlook

Published on 2012-09-19 00:00:07

Wednesday 29th September 2012Good morning everybody. Today I’m posting a quick mid-week update on what’s been happening with exchange rates, and what may happen in the coming days and weeks. The Pound has recovered a little against the Euro, but is not likely to continue gaining much. Against the US Dollar the Pound remains at a 5 month high. Let’s have a more detailed look at each currency pair in turn.Pound/EuroSterling has risen a little against the Euro into the mid €1.24’s followi [..]

Pound/Euro declines due to US QE - Full Market Report

Published on 2012-09-15 03:30:00

Good morning everybody. Last week was a very volatile one that saw a big drop in the GBP/EUR rate, but in contrast the GBP/USD rate rose to a 5 month high. Today I'll take a detailed looks as to why this happened, and what it means going forwards.In this week’s Report: Pound/Euro rates in dramatic decline US QE announcement main cause of volatility Pound/Dollar soars to 5 month high as dollar weakensRound up of the week’s other data that may affect ratesSterling vs. Euro;Last week the Pound [..]

GBP/EUR & GBP/USD forecast September 2012

Published on 2012-09-13 08:57:35

Thursday 13th September 2012Good afternoon everybody. I'm posting a quick update on what's been happening so far this week with exchange rates. In a nutshell, it's not much! Sterling remains near a 4 month high vs the US Dollar, and is still just below €1.25 against the Euro. Let's take a quick look at each cross in turn:Pound/US Dollar remains near 4 month highRates are looking pretty good for the Pound against the US Dollar, remaining around the $1.61 level. The reason for this is firstly m [..]

Pound/Euro exchange rate forecast for September 2012

Published on 2012-09-10 00:00:02

Monday 10th September 2012Good morning everybody. I'm back from sunny Kos in Greece, so let's get cracking and see what's been happening with exchange rates. In a nutshell, the Euro has been gaining strength and as a result Sterling/Euro exchange rates have fallen further from their recent highs. Today I'll take a look at what's been happening in Europe, why the Pound/Euro rate has fallen, and what the coming weeks may hold. If you need to buy or sell Euros at the best exchange rate, read on.... [..]

Blog Off

Published on 2012-08-29 01:00:04

The Blog will be quiet for a week or two while I take a short holiday.My Twitter feed will continue to be updated with live exchange rates.If you wish to discuss how we can help you get the best exchange rates, click here to send through an enquiry and one of my colleagues will contact you to discuss.I'll be back in action on the 7th of September.Click here to send me a free enquiry

Pound/Euro exchange rate forecast

Published on 2012-08-28 01:00:03

Tuesday 28th August 2012Good morning. Today I'll take my usual retrospective view on what caused the Pound/Euro rates to drop away, and the events in the coming weeks that will dictate the direction of exchange rates and the Pound Sterling forecast in the coming months.In this week’s Report:Pound/Euro rates decline as ECB poised to take actionUK Economy didn’t shrink as much as thoughtPound/Dollar rates hit 3 month high on QE threatRound up of the week’s other data that may affect ratesSte [..]

Why have Pound/Euro rates fallen?

Published on 2012-08-22 02:25:54

Wednesday 22nd August 2012Good morning. Today I’ll give a brief mid-week update on what is happening with exchange rates. We had seen the GBP/EUR rate recover back close to 4 year highs; however rates have been in decline this week. Today I’ll look at what has caused this, and which way rates may move in the coming weeks.Why have Pound/Euro rates fallen?Yesterday we saw GBP/EUR rates fall back into the mid €1.26’s. There were 2 reasons for this; firstly the UK deficit grew more than expe [..]

Pound/Euro forecast August/September 2012

Published on 2012-08-20 00:00:05

Monday 20th August 2012Good morning. So as usual for Monday mornings, here's my outline of what has been happening to the Pound/Euro rate in the last week, with a full analysis of what is causing the movements. In addition I will look at where rates may head in the coming weeks, and also list a run down of the weeks economic data that could affect rates.In this week’s Report: Pound climbs to 2 week high against US DollarEvents in Eurozone continue to drive ratesThin trade in holiday season cre [..]

Weekly GBP/EUR 2012 forecast, and the weeks data

Published on 2012-08-13 00:00:04

Monday 13th August 2012Good morning. Pound/Euro rates recovered last week after the BoE dampened expectations of an interest rate cut. Today I'll take a look at what caused the gains, and look at the data this week that could affect exchange rates going forwards.In this week’s Report:Pound gains on Euro after BoE Inflation reportPound/Dollar rates remain in the 1.55/1.56 rangeLots of data from Europe this week that could affect GBP/EURRound up of the week’s other data that may affect ratesCo [..]

Pound gains against Euro on BoE report

Published on 2012-08-09 00:00:01

Thursday 9th August 2012Good morning everybody. So, an interesting week so far since my last post on Monday morning. After steady declines for the Pound/Euro rate, yesterday saw a slight recovery, and it was all to do with the Bank of England (BoE). Today I'll focus on what was said in the BoE's inflation report, and what the forecast is for where Pound/Euro rates may go in the coming weeks and months.BoE Inflation report gives the Pound a boostSterling rose nicely yesterday against the Euro and [..]

Pound/Euro continues to drop from 4 year high

Published on 2012-08-05 23:45:01

Monday 6th August 2012Good morning. While Gold was been the main focus last week in the UK in the form of Olympic medals, the value of sterling has fallen against the Euro with the pound falling away from recent highs and taking a firm second place while the Euro gains. In today's report I'll take a look at what has caused the GBP/EUR rate to drop away, and where rates may head in the coming weeks.In this week’s Report:Pound/Dollar drops on better jobs dataSterling/Euro falls again from its 4 [..]

Pound/Euro falls: August 2012 forecast

Published on 2012-07-31 23:45:00

Wednesday 1st August 2012Good morning. Today I'll give a quick mid-week update on what's been happening in the currency markets in the run up to tomorrows policy decisions by the Bank of England (BoE) and European Central Bank (ECB), after we saw Sterling/Euro rates take a tumble throughout trading yesterday.Pound/Euro rate falls on positivity from EU leadersThis week we have seen some robust comments from EU leaders that the EU debt crisis will be tackled, and this has strengthened the Euro and [..]

Weekly Pound/Euro & Pound/Dollar forecast

Published on 2012-07-29 23:45:00

Monday 30th July 2012Good morning. It's a new week, and as regular readers will know, it's when I take a detailed look back over the Sterling/Euro and Sterling/Dollar exchange rate, and take a look at whether rates will go up or down in the coming weeks. So, what's been happening?GDP figures show recession worse than thought ECB will do ‘whatever it takes’ to save Euro Pound/Dollar hits 5 week high, Pound/Euro in decline Round up of the week’s other data that may affect rates (For currenci [..]

Pound falls from highs after GDP figures

Published on 2012-07-26 00:00:08

Thursday 25th July 2012Good morning everybody. The Pound has dipped against the Euro. At the beginning of the week Sterling was riding high, and at the time I warned that it may not be the case rates will remain at those levels and we could be in for a drop. Indeed the pound fell quite sharply against the Euro and other currencies, after data showed the British economy contracted by more than three times the rate it was expected to in the second quarter, increasing the prospect of more monetary [..]

Pound/Euro exchange rate forecast/outlook

Published on 2012-07-22 23:45:01

Monday 23rd July 2012Good morning. It appears the jet stream has shifted to bring some warm weather to the UK at long last, however one thing that has not shifted is the resilience of the UK pound against the Euro, which surged to new 4 year highs last week, touching €1.2870 at one point. In today's report I will give a detailed overview of the Sterling/Euro exchange rate forecast, and analyse whether rates will get higher or not.Sterling vs. Euro;Below is a graph spanning the last four years [..]

Pound/Euro remains strong despite rate cut possibility

Published on 2012-07-19 00:00:07

Thursday 19th July 2012Good morning. Sterling/Euro rates remain supported well above the €1.27 level. This was despite some poor data from the UK; the number of people claiming unemployment rose more than forecast, and yesterday’s Bank of England minutes were pretty bearish, hinting at interest rate cuts to come for the UK. The pound shrugged this off and rates quickly recovered back against the Euro and other currencies. Today I’ll give an outline of recent data, and what it may mean for [..]

Weekly GBP/EUR & GBP/USD and the weeks data

Published on 2012-07-15 23:30:03

Monday 16th July 2012Good morning. The volatility continues in the Eurozone, and markets have reacted by dumping the single currency. This pushed GBP/EUR rates to new highs last week above the €1.27 level. As always for a Monday morning, today I will take a detailed look at what happened last week, what data may affect rates this week, and the different ways you can protect yourself against adverse exchange rate movements, and achieve the best exchange rates.In this week’s report:Pound/Euro [..]

Pound/Euro rates hit €1.27, best in nearly 4 years

Published on 2012-07-11 23:45:01

Thursday 12th July 2012Good morning. Today I’ll give you all a quick mid-week update on what has been happening with exchange rates. We have seen the Euro continue to weaken off, with rates briefly breaking through the €1.27 level – the best in nearly 4 years! In today’s post I will look at why rates have gone up, what events could make rates continue to rise, and other scenarios that may result in rates dropping back away.Nobody can predict which way rates will go, but hopefully you wil [..]

Weekly Pound/Euro forecast report. Rates are looking good!

Published on 2012-07-09 05:43:57

Monday 9th July 2012Good morning everybody. Well, what a difference a week makes - I've been on holiday in Greece for a week, and much has happened in my absence. The Bank of England announced more Quantitative Easing as expected, but surprisingly it had no effect on the market. The interest rate cut in the EU however was a surprise, and has pushed GBP/EUR rates to new 3.5 year highs of €1.26+. I have much to catch up on, so in today's post I'll give a quick overview of what has happened while [..]

Sterling/Euro exchange rate forecast July 2012

Published on 2012-06-28 23:45:01

Friday 29th June 2012Good morning. Sterling/Euro exchange rates have had a very strong week indeed, remaining supported around the €1.25 level. This is despite further poor data about the UK economy. The reason rates are good is because of the weakness in the Euro. Against other currencies Sterling has fallen this week. I think there is a very high chance that we will see more Quantitative Easing next week, and so I personally think these levels will not last for long. In today’s post I will [..]

Weekly GBP/EUR & GBP/USD and the weeks data

Published on 2012-06-24 23:45:00

Monday 25th June 2012Good morning. As always for Mondays today I'll have a look back at last weeks events, what moved the market and the Pound Sterling Forecast for future exchange rate movements. Also I will outline the most important data releases of the week that could affect rates. In this week’s Report:More UK Quantitative Easing on the cardsSpain could be next to seek bailoutGreece forms government, calming exit fearsRound up of the week’s other data that may affect rates(For currencie [..]

Sterling Euro Forecast 2012; could rates be about to fall?

Published on 2012-06-20 23:45:00

Thursday 21st June 2012Good morning. Exchange rates have continued to be quite volatile, with news from the EU and Bank of England key to the future movements of the Pound Sterling to Euro exchange rate forecast. In today’s post, I will look at the following:More UK Quantitative Easing (QE) on the cardsGreece makes deal to form governmentSpain and Italy to seek bailoutsWhat all this means for exchange ratesMore QE on the way from the Bank of EnglandYesterday the Bank of England (BoE) released [..]

How does Greek election affect exchange rates

Published on 2012-06-18 05:36:38

Monday 18th June 2012Good morning. Today's post is a little later than usual, as I wanted to wait until the markets had opened this morning to gauage the reaction to the Greek elections, and the effect it is having on exchange rates. So what do we have in this week’s Report?Greek election result reduces chances of Euro ExitBank of England warn on more stimulusElsewhere in EU Spain/Italy could seek bailoutRound up of the week’s other data that may affect rates(For currencies other than GBP, E [..]

Pound falls sharply on news of more BoE Stimulus

Published on 2012-06-15 03:19:46

Friday 15th June 2012Good morning everybody. Why has the Pound fallen against the Euro this morning? Things can change very quickly in the currency markets, and in my last post GBP/EUR rates were getting close to €1.25. The facts have now changed, and so has the exchange rate; the Pound has fallen sharply this morning, after The Bank of England announced yesterday evening that it will launch two new stimulus packages in response to the worsening economic outlook:Sterling falls sharply on news [..]

EU Debt crisis & Pound/Euro forecast

Published on 2012-06-12 23:45:01

Wednesday 13th June 2012Good morning everybody. We started the week down in the €1.22’s against the Euro, which was supported by news of Spain’s Bank bailout over the weekend. It was hailed as great news for the Euro, and initially the single currency seemed supported. The spin did not last long however, and soon after markets opened the Euro started to weaken again. By yesterday fears that the crisis that has spread from Greece to Spain is now on the way to Italy and Ireland – this caus [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-06-11 00:15:00

Monday 11th June 2012Good morning. So another Monday morning and a fresh week to look forward to. Today I will take a look back at the reasons why the GBP/EUR exchange rates are being pulled in both directions due to the continuing crisis in Europe, and the possibility of more QE in the UK. In addition we will look at what measures you can take to protect against adverse exchange rate movements.In this week’s Report:BoE hold off more QE, for now at leastEU markets get the jitters over Spai [..]

Bank of England decide not to pursue QE, for now..

Published on 2012-06-08 00:45:01

Friday 7th June 2012Good morning. The markets remain very volatile with the Pound/Euro rate continuing to be pulled in two directions. Only yesterday we saw lows in the €1.22's and highs touching €1.24's, illustrating just how unpredictable things are at the moment. So today I'll take a look at what is pulling the rate; Fears of Spain having debt trouble, and when the Bank of England are likely to pursue Quantitative Easing.The Bank of England and Quantitative EasingYesterday the Bank of Eng [..]

Sterling/Euro & Pound/Dollar forecast outlook

Published on 2012-06-02 01:30:00

Saturday 2nd June 2012Good morning. For a change today's post comes to you on a Saturday morning - I thought given the long 4 day break in the UK, I would post the latest currency news for the next 4 days. UK markets will re-open on Wednesday morning, and blog posts will resume then. Today I will do my usual analysis of where rates have moved in the last week, and the forecast for future exchange rate movements.In today's Report:Pound/Euro falls back on poor UK dataPound/Dollar tumbles 10 points [..]

Spanish bailout fears drive Exchange Rates

Published on 2012-05-30 23:45:00

Thursday 31st May 2012Good morning. So far the week had been fairly flat, hence the lack of updates since Monday morning. Pound/Euro rates had been stuck at €1.25 and Pound/Dollar rates range bound in the $1.56 to $1.57 range. This all changed yesterday however and we saw market movement on the back of developments from Spain...Spain concerns spook marketsFurther concern in the Eurozone has caused the Euro to drop further, boosting GBP/EUR rates slightly. Concerns grew yesterday that Spain may [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-05-27 23:45:00

Monday 28th May 2012Good morning. The volatility in the currency markets continues, with wild swings in the exchange rate on a daily basis. On Friday alone the GBP/EUR rate fluctuated from 1.2430 to 1.2530 within 4 hours. Today as usual for a Monday I will look back over what has affected the exchange rate in the last week, and where rates may go in the coming weeks and months.In this week’s Report:Greek worries continue to weaken EuroBoE & IMF warn on UK GrowthUSD strengthens due to its safe [..]

Pound/Euro forecast: recovers on Greek worries

Published on 2012-05-23 23:45:00

24th May 2012Good morning. It’s been yet another volatile week for Sterling/Euro exchange rates. Early in the week the Pound weakened off, falling into the €1.23’s. This was due to concerns by both the Bank of England and IMF on growth, increasing the chance of further Quantitative Easing. The fall in rates was halted yesterday however, when the Euro weakened again significantly over Greek Euro exit fears, pushing rates back close to €1.25.In today’s post I’ll look at these events in [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-05-20 23:45:00

Monday 21st May 2012Good morning. As regular readers will know, on Mondays I like to take a retrospective look at the previous week in the currency markets, analyse what has been moving exchange rates, and look at what the Pound Sterling forecast to Euros may be going forwards.In this week’s Report: Pound/Euro hits new 3.5 year high before droppingBank of England warns on UK economy and EU threatGreek exit spooks marketsRound up of the week’s other data that may affect rates(For currencies o [..]

Pound/Euro drops after dire BoE report - forecast

Published on 2012-05-16 23:45:00

Thursday 17th May 2012Good morning. The volatility continues in the currency markets, with the EU debt crisis and Greece’s problems continuing to drive exchange rates. Earlier in the week we hit new highs of €1.2580 against the Euro, however as is often the case, the gains were short lived. Sterling has now started to weaken following grim growth forecasts by the Bank of England. So in today’s posts we’ll look in detail at:The EU debt crisis situation; what will happen next?What would ha [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-05-13 23:45:00

14th May 2012Good morning. Well, last week was one of the busiest I have seen on the trading floor for some time. With Euro weakness pushing rates to €1.25, many of my clients were keen to fix rates for both buying and selling Euros with a forward contract, due to the uncertainty over the future movements of the GBP/EUR rate.In today's report as always for a Monday morning, I'll review last weeks movements, and take a look at what might happen to the rate this week. If you are looking for the [..]

Pound/Euro hits 3 year high above €1.24 - why?

Published on 2012-05-08 23:45:01

Tuesday 9th May 2012Good morning. Pound/Euro rates are at a 3 year high after the weekends French, Italian and Greek elections caused significant political uncertainty, weakening the Euro and pushing rates to €1.24+; the best buying levels in 3 years, amid widespread discontent with the austerity drive.In today's post I will have a detailed look at the effect of the elections on the Pound/Euro exchange rate, and the forecast for where Sterling/Euro rates may go in the coming months.Elections i [..]

Weekly Sterling/Euro forecast & predictions

Published on 2012-05-07 23:45:00

Tuesday 8th May 2012Good morning. Markets in the UK re-open today after the Bank Holiday break. As is usual for the first trading day of the week, this morning I will take a look back at market movements over the last 7 days, the effect on exchange rates, and the forecast for where rates may go throughout 2012.In this week’s Report: EU instability keeps GBP/EUR at 22 month highSterling remains supported due to safe haven flows Round up of the week’s other data that may affect rates(For curr [..]

2012 forecast: Pound/Euro recovers to 22 month high

Published on 2012-05-02 23:45:00

Thursday 3rd May 2012Good morning. A fairly volatile week so far! The Pound fell earlier in the week when economic data was quite poor, signalling all is not rosy with the UK economy. However during trading yesterday, Sterling recovered well to hit a 22 month high against the Euro, and a 32 month high against a basket of major currencies.In today’s post I’ll have a look at the latest data in detail, how it has affected exchange rates, and how the coming days data could have an effect on the [..]

Weekly GBP/EUR & GBP/USD and the weeks data

Published on 2012-04-29 23:45:00

Monday 30th April 2012Good morning. As always for a Monday morning, today I'll take a look back over the last weeks events in the currency markets, and the forecast for where GBP/EUR rates may go in the next few months. It was certainly a very interesting week with the UK officially back in recession, but despite this, GBP/EUR rates are at a 22 month high, and GBP/USD rates at a 7 month high. So without further ado let's find out why!In this week’s Report:UK returns to recessionPound remains s [..]

Why is Pound still high despite UK Recession?

Published on 2012-04-26 23:45:00

Friday 27th April 2012Good morning. It's been a very busy week in the currency markets. In today's post I will look at the Pound/Euro forecast and predictions for exchange rates in a week that saw the UK heading back into recession. Read my analysis of the effect EU political instability could have on exchange rates, and why the Pound is still strong despite gloomy growth figures showing we are in recession. If you need the best exchange rates, send me a free enquiry for a detailed consultation [..]

Weekly Forecast GBP/EUR & GBP/USD and the weeks data

Published on 2012-04-22 23:45:01

Monday 23rd April 2012Good morning, I hope everyone had a lovely weekend. As usual for a Monday morning, today I will look back over last weeks events that pushed Sterling up to new highs against the Euro and Dollar. I will also analyse the exchange rate forecast for Euros and Dollars, in addition to what economic data is out this week that I think could affect exchange rates.In this week’s Report: Pound Surges through €1.22 / $1.60 Positive BoE report and unemployment strengthen Pound UK G [..]

Why has Pound/Euro surged above €1.22.

Published on 2012-04-18 23:45:00

Thursday 19th April 2012Good morning. Well what a day we saw in the currency markets yesterday! The Pound surged higher against all major currencies, breaking €1.22 against the Euro and $1.60 against the US Dollar. So why has the Pound gone up against the Euro? The reason was lower than expected unemployment data and general optimism surrounding the UK economy following the BoE minutes. In today's post I'll look at each event in detail and why it caused Sterling to gain.UK unemployment much be [..]

Sterling remains near 19 month high

Published on 2012-04-17 23:45:01

Wednesday 18th April 2012Good morning. Not an awful lot to report from the Currency Markets, as Sterling exchange rates continue their relative stability and remain fairly range bound. The Pound did however gain against the US Dollar yesterday after data showed UK inflation ticked up as expected in March.UK Inflation strengthens the PoundData released yesterday showed that UK inflation rose to 3.5% last month. This caused the Pound to gain because it makes it more likely that the Bank of England [..]

Weekly Sterling/Euro forecast & predictions

Published on 2012-04-15 23:45:00

Monday 16th April 2012Good morning. Today as is usual for a Monday, I'll take a retrospective look at what happened in the currency markets last week, with a focus on the Pound/Euro exchange rate in addition to the weeks economic data I think will have an effect this week. Will the Pound/Euro rate remain above €1.20?In this week’s Report: Pound remains stable against Euro EU Debt problems refuse to go away Round up of the week’s data that may affect rates(For currencies other than GBP, EU [..]

Pound Euro rate forecast for best exchange rates

Published on 2012-04-12 23:45:01

Friday 13th April 2012Good Morning. Since my last post on Tuesday morning, markets have remained fairly flat with little happening to affect exchange rates. Indeed yesterday Sterling surged to a 19-month peak on a trade-weighted basket of currencies, highlighting the strength of the Pound at the moment.Pound remains around the €1.21 range vs the EuroAgainst the Euro, we saw rates climb initially yesterday, hitting a peak of €1.2160, which is pretty much the best we've seen in 20 months. Rate [..]

Weekly Sterling/Euro forecast & predictions

Published on 2012-04-09 23:45:01

Tuesday 10th April 2012Good morning. I hope everybody enjoyed the Bank Holiday weekend. In today's report I'll take stock of the huge gains seen in GBP/EUR rates last week, and how to take advantage of them even if your requirement is some way off.In this week’s Report: Pound/Euro rates surge into the €1.21’sBest way to fix the record Euro rate for the futureRound up of the week’s data that may affect ratesSterling vs. Euro;After the previous week’s constant bad news about the UK econo [..]

Pound Euro rates hit €1.21 and close to 20 month high

Published on 2012-04-04 23:45:01

Thursday 5th April 2012Good morning. Why have Pound/Euro rates gone up April 2012? As is often the case, a day can make a big difference in the currency markets, and yesterday was no exception. In my most recent post I pointed out rates had dipped below €1.20, however throughout the day yesterday the GBP/EUR rate surged and touched €1.21 - this is nigh on the best rates we have seen to buy Euros for 20 months. Today I will look at the reasons why.Pound/Euro rate forecast - surges to €1.21T [..]

Pound dips below €1.20 / $1.60 - Interest Rates today

Published on 2012-04-03 23:45:00

Wednesday 4th April 2012Good morning. As I have been warning in recent weeks, the levels of €1.20 on the Euro and $1.60 on the US Dollar may not last forever, and indeed yesterday so the Pound fall slightly against both currencies, however upbeat manufacturing and construction data gave some support which limited the drops, as the better than expected data tempered concerns over a lack of growth in Britain's economy.ECB Interest Rate decision; how could it affect GBP/EUR exchange rates?Later t [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-04-01 23:45:01

Monday 2nd April 2012Good morning. As always for a Monday morning, today I'll take a detailed look at Pound/Euro rate movements over the last week, forecasts for exchange rates in the coming months, and how economic data releases this week may affect exchange rates.In this week’s Report:UK Could be heading back into recessionEU debt crisis keeps GBP/EUR supportedRound up of the week’s data that may affect rates(For currencies other than GBP, EUR and USD, contact us for a consultation)Sterlin [..]

GBP recovers despite possibility of UK recession

Published on 2012-03-29 23:45:00

Friday 30th March 2012Good morning. Well, what a difference a day makes. After seeing Sterling fall earlier in the week as outlined in my recent post the Pound regained ground against a beleaguered Euro yesterday, however the Pound did fall away from the recent highs against the Dollar. And all of this on the back of a host of poor economic data.So to end the week, let's look first at the data we had yesterday, then I'll explain why the Pound actually gained against the Euro despite this!Poor UK [..]

Pound falls on revised UK growth figures

Published on 2012-03-28 23:45:00

Thursday 29th March 2012Good morning. It was a glorious day with unbroken sunshine across the UK yesterday, however the sun was not shining on the Pound, which took a drop against other currencies. So why did Sterling fall during trading yesterday? It dropped to a 2 week low against the Euro and also dropping from it's recent highs against the US Dollar. This was due to data unexpectedly showed the UK economy contracted more than previously thought in the fourth quarter of last year. In today's [..]

Pound at 4 month high vs US Dollar, flat vs Euro

Published on 2012-03-27 23:45:00

Wednesday 27th March 2012Good morning. The Pound/Euro rate has been pretty flat so far this week, remaining around the €1.19 to €1.20 range. Against the US Dollar rates briefly hit a 4 month high above $1.60, before retreating slightly. Today we will take a look at what is causing recent movements, and the forecast for GBP/EUR and GBP/USD for the coming weeks.Sterling remains range-bound vs EuroLet's start with the Pound/Euro exchange rate, which remains around the €1.20 level. It did brie [..]

Sterling/Euro Forecast, Sterling/Dollar, Fundamental Data

Published on 2012-03-26 00:30:01

Monday 26th March 2012Good morning. Regular Readers will notice the blog has had a Spring clean and a fresh new look for the new season. While the look of the blog has changed, the content has not - knowledgable currency reports to help you decide when to convert your currency, and commercial exchange rates that are significantly better than you can achieve elsewhere. As always for a Monday, today we will look at last weeks movements in exchange rates.In this week’s Report: UK Budget has littl [..]

Budget, Sterling/Euro forecast & Regular Payments

Published on 2012-03-22 01:12:01

Thursday 22nd March 2012Good morning. Pound/Euro had a mixed day yesterday. Higher than expected borrowing figures pushed rates lower in the morning, however rates were to recover later in the afternoon. The Budget had little to no effect on exchange rates at all, and was perceived as neutral for the currency. Today we will look at the Budget, the Bank of England minutes, and how to get the best deal for Regular Payments in Euros. Below shows rate movements throughout the day yesterday:~Currency [..]

How will the 2012 Budget affect exchange rates

Published on 2012-03-21 00:45:00

Wednesday 21st March 2012Good morning. It's budget day - so today we will look at how will the UK 2012 budget affect exchange rates, and the implication for the Pound Sterling Forecast and Euro Rate Forecast. It's been the usual story for Sterling so far this week. On Monday we hit a high of €1.2071, however as has often been the cast in the last few months, the highs were not to last, and yesterday the Pound fell back against most currencies, as the chart below shows.~Currency Movements on Tu [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-03-19 01:30:01

Monday 19th January 2012Good morning, and welcome to another new week in the currency markets. It should be an interesting one, with both the UK Budget and BoE minutes being released on Wednesday. With GBP/EUR rates remaining above €1.20, will they go up or down in the next few weeks or months? Let's move on to the Monday roundup of last weeks movements, and see what's in store this week.In this week’s Report:UK Budget this week could affect SterlingPound/Euro rates remain above €1.20Credi [..]

Pound steady, but credit downgrade threat mean downside risks

Published on 2012-03-16 01:38:01

Friday 16th March 2012Good morning. The currency markets have been fairly stable in the last 2 days, with Pound/Euro remaining steady around the €1.20 level. Better than expected unemployment data has given Sterling some support, but threats of a UK credit rating downgrade mean we could see the Pound start to slide again soon. Yesterdays movements:~Currency Movements on Thursday 15th March 2012~UK UnemploymentUK unemployment rose by 28,000 to 2.67 million during the three months to January, wi [..]

Pound Euro climbs to €1.20 again - will it go higher?

Published on 2012-03-14 01:43:00

Wednesday 14th March 2012Good morning. Sterling had a very good run yesterday, gaining against both the Euro and US Dollar. The gains were in part due to better than expected Trade Balance figures, coupled with ongoing concerns over Euros that weakened the Euro significantly following comments from the Eurozone Central Bank president. The charts below show how the Pound gained throughout trading yesterday:~Currency Movements on Tuesday 13th March 2012~UK Trade Balance Better than expectedThe UK' [..]

Weekly GBP/EUR forecast, and the weeks data

Published on 2012-03-12 01:29:00

Monday 12th March 2012Good morning, and welcome to a new week in the currency markets. As customary for a Monday morning, today I will take stock of last weeks movements in exchange rates, particularly the Pound/Euro cross. In addition, I will look at the weeks data releases that may have an impact on the value of the Pound vs other currencies.In this week’s Report: • Euro gains strength on Greek debt swap deal • No change in EU or UK Interest Rates • EU debt crisis continues to drive e [..]

Pound/Euro falls March 2012 forecast predictions

Published on 2012-03-09 00:46:00

Friday 9th March 2012Good morning. Why has Pound/Euro fallen? Yesterday the Pound fell against the Euro, and rose against the US Dollar. It was developments in Greece and the EU that drove rates, with renewed optimism over the EU economy strengthening the Euro and other riskier currencies such as Sterling. So, the Pound gained against many currencies, but fell against the Euro, as the charts below illustrate:~Currency Movements on Thursday 8th March 2012~Euro strengthens on optimism over GreeceT [..]

Greek debt swap - how could it affect exchange rates?

Published on 2012-03-08 00:45:00

Thursday 8th March 2012Good morning. The Pound fell slightly yesterday against the Euro and US Dollar, as a fragile UK economy and weak technical outlook weakened Sterling. Today we will see UK and EU interest rate decisions, and also details on the Greek bond swap, which needed to avoid a disorderly default. We could see quite a volatile day for exchange rates. Today I will look at this in detail, after a snap shot of how rates move through the day yesterday:~Currency Movements on Tuesday 6th M [..]

Pound/Euro rates range bound at €1.20

Published on 2012-03-07 00:45:00

Wednesday 7th March 2012Good morning. For Pound/Euro rates, it's been a very flat week so far with the cross being range bound around the €1.20 level. Sterling fell against the US Dollar however due to a fall in House Prices and poor Retail Sales. Weakness in the Euro has counteracted the fall in the Pound, which is why GBP/EUR has hardly moved, as yesterdays chart demonstrates:~Currency Movements on Tuesday 6th March 2012~ Pound/Euro rates remain flat around €1.20As the graph above shows, G [..]