Posts

Showing posts from September, 2012

Pound/Euro forecast outlook October 2012

Image
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 week’s Report: 
Sterling/Euro remains choppy due to debt crisis EU problems now spreading to Spain What will October hold for GBP/EUR rates Round up of the week’s other data that may affect rates Sterling vs. Euro;  After losing ground against the euro in recent weeks, the pound started last week strongly as worries over Spain once again took centre-stage. The pound subsequently rose to its highest level in two weeks against the euro over fears that Spain would become the latest member…

Getting the best GBP/EUR exchange rates

Image
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 lowMore QE could be on the way from the Bank of EnglandSterling/Dollar at near 13 month highRound up of the week’s other data that may affect rates  Sterling vs. Euro;
So what's been happening? Over the last few weeks the Pound vs. Euro rate has been steadily dropping as investors become more confident about the Eurozone tackling its debt problems. During this time we have seen the exchange rate drop from a 4 year high of €1.2860 down to the lowest in 3 months when we touched €1.2350. This demonstrates not only how volatile the market is at present, but also the affec…

Pound/Euro & Pound/Dollar forecast outlook

Image
Wednesday 29th September 2012
Good 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/Euro

Sterling has risen a little against the Euro into the mid €1.24’s following uncertainty about Spain. The concerns encouraged investors to take profit on some of the single currency's recent strong gains, and this helped the GBP/EUR rate recover slightly. Concerns are growing about whether and when Spain will seek a bailout, while a German investor survey highlighted concerns about Europe's largest economy.

The results of a financial stress test on Spain's banks are due to be published on 28 September, and will provide a basis for calculations as to which banks shou…

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

Image
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 declineUS QE announcement main cause of volatilityPound/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 continued its downward trend against the Euro, sliding away from the 4 year high of 1.2865 we saw at the end of July back down to the mid 1.23s. The main reason for the drop in the rates was actually due to news from the US after the Fed said it would pump $40 billion into the economy each month until it saw signs of improvement in its struggling jobs market (which will be discussed in further detail in the dollar report) and growing confidence in the euro zone rather than any data from the UK.













T…

GBP/EUR & GBP/USD forecast September 2012

Image
Thursday 13th September 2012
Good 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 high

Rates are looking pretty good for the Pound against the US Dollar, remaining around the $1.61 level. The reason for this is firstly more confidence in the Eurozone, which has meant investors leaving the safe haven Dollar. This in turn has weakened it slightly making it cheaper to buy.

The rate is also supported by expectations of more monetary easing by the U.S. Federal Reserve which will be announced later this afternoon at 17:30pm. This has underpinned demand for perceived riskier currencies such as the Pound, and helped push rates up a little. Many analysts said the pound could rise further against the dollar…

Pound/Euro exchange rate forecast for September 2012

Image
Monday 10th September 2012
Good 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....

In this week’s Report:
Euro gains strength pulling GBP/EUR rates downIs a solution to the debt crisis imminent?Pound/Dollar rates climb steadily to $1.60Round up of the week’s other data that may affect ratesSterling vs. Euro;

Speculators waited in anticipation last week as a relatively stable few days led up to Mario Draghi’s long awaited ECB press conference. Today I will consider the major announcements from both the UK and Euro-zone that drove the sterling-euro cross price…