Showing posts from October, 2012

Better UK data boost Pound, but not against Euro

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 data releases recently, reducing the chances of further Quantitative Easing in the UK. This afternoon I’ll take a look at the better UK data and what the forecast is for Pound/Euro rates moving forwards.

Better UK data boosts the Pound. 

Following last week’s much better than expected UK GDP figures confirming we are no longer in recession, Sterling has performed quite well. In addition, we have also seen much higher than forecast numbers from other releases such as consumer credit, mortgage data and CBI retail sales data, all of which were much better than most had been expected, and mean the outlook for the UK economy is now looking much rosier.

All these better numbers mean there is now much less chance of further monetary easing from the Bo…

Pound/Euro rates climb after good GDP data

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 rates hit 3-week high UK finally out of recession – GDP grows 1% A volatile week for the Pound/Dollar cross Round up of the week’s other data that may affect rates 
Sterling vs. Euro; 

The pound surged last week on the back of a hugely better than expected GDP swing of 1.6% quarter on quarter, showing an initial estimate of a full 1% growth in the UK for Q3 2012. Though this figure is sure to change as the final figures are more accurately calculated, the realisation that the UK had exited recession was more than enough to send its currency on a rally.

This caused Pound/Euro rates to surge nicely…

Pound/Euro at 1 week high, GDP figures tomorrow

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 figures tomorrow

After weeks of decline, there was some good news for GBP/EUR buyers this morning, as negative data from Europe weakened the single currency and pushed rates up by a point. The disappointing economic data from the euro zone included poor inflation numbers from Germany and the EU, along with a consumer confidence survey that was much worse than expected.

These numbers weakened the Euro, and helped push GBP/EUR rates up by over 1 cent. We now have the best buying …

Pound/Euro forecast outlook 2012 Best Exchange Rates

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 More Quantitative Easing on the way? Better UK data pushes other crosses higher Round up of the week’s other data that may affect rates 
Sterling vs. Euro; 

The pound hit a four month low against the Euro last week dropping to the high 1.22 mark. Trading opened last Monday morning around at 1.2407 and steadily dropped throughout the week closing on Friday afternoon at around 1.2296 as the graph below shows. This report aims to analyse the reasons why the pound has stooped to a four month low against the Euro and what the coming weeks may …

Pound at 4 month low vs Euro despite good UK data

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 surprisingly good data was released. Firstly we had the latest jobless data. Unemployment fell by 50,000 to 2.53m in the three months to August, taking the jobless rate down to 7.9% from 8.1%.

A combination of more jobs being created and more people entering the workforce pushed the absolute number of people in employment to 29.6 million, the highest since these records began in 1971. The percentage of people in work rose to 71.3%, the best rate since April 2009. 
This was welcome news for the UK economy…

Weekly Sterling/Euro FX rate forecast

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 QEPound/Euro falls to new lows in the €1.23’sPound/Dollar remains in the $1.60’sRound up of the week’s other data that may affect ratesSterling vs. Euro;

In an interesting week for the GBP/EUR cross the Pound broadly lost ground against the Euro as the frailties of the UK economy once again made headline news. Euro purchasers were on the back foot right from that start of the week as Sterling breached 3 week lows against the Euro following further expectation for more quantitative easing. This was triggered by the UK Chancellor George Osborne during his speech at the conservative party conference when he said that the bulk of savings in his budget w…

Pound/Euro forecast and Best Exchange Rates

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. 

Sterling falls against Euro, before making modest recovery

During the first part of this week, the Pound/Euro rate steadily slipped away, at one point dropping to the low €1.23’s. The main reason for the drop was a very IMF forecast that predicted the UK economy would remain in recession for the rest of the year. This caused investors to shun the Pound and this caused it to steadily weaken, pulling exchange rates down.

The decline halted on Wednesday however, and rates started to recover and climbed back into the low €1.24’s. There was no specific data that caused the gains; it was simply the fact that after several days of losses, investors started to buy back in…

Weekly Pound/Euro forecast and the weeks data

Monday 8th October 2012
Good morning everybody.  As always for a Monday, today I will take a detailed look at the currency markets, have a look at why the Pound/Euro rate fell so much last week, and where rates may head in the coming weeks and months. 

In this week’s Report:
  Pound/Euro rates in decline due to poor UK data    Sterling dollar rates also plateau around $1.62     Global Trade Balance figures main data of the week     Round up of the week’s other data that may affect rateSterling vs. Euro;

There was nothing but bad news for Sterling at the start of the week as PMI data, houses prices and mortgage approvals were all worse than expected, with the drop house prices especially disappointing after a strong reading in September.

The key release however was on Wednesday when UK services PMI (the UK’s most important sector) was weaker than forecast and help force the GBP/EUR rate, which had already dropped a cent since Monday, to break below the 1.25 barrier. Eurozone data over th…

Weekly Pound/Euro forecast and the weeks data


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