If Greece leaves, the threat of contagion among the other southern Euro states could break the 17-nation bloc. If Greece exits the Eurozone then it will be forced to revert to a new currency. This new currency will most likely come in the form of the new Drachma and will have an initial exchange rate [...]
Exchange Rate Forecasts
Posts Tagged ‘Euro’
Euro Crisis: How currency devaluation and soaring inflation could actually help Greece if it exits the Eurozone
Monday, May 21st, 2012Pound to Euro Exchange Rate Forecast: The Pound reached a fresh three and a half year high against the Euro
Monday, May 21st, 2012The Pound reached a fresh three and a half year high against the Euro. Foreign Currency Market Update – GBP / EUR Update The Pound reached a fresh three and a half year high against the Euro last Wednesday of 1.2573 following the news from Athens that Greek political leaders were unable to form a [...]
Pound to Euro, US Dollar exchange rate: The Pound declined against the Euro, falling back towards 1.2370
Monday, May 21st, 2012The Pound declined against the Euro, falling back towards 1.2370 Sterling / Euro and US Dollar exchange rates Following on from last week, the Pound declined against the Euro on Friday, falling back towards 1.2370, while the UK currency slumped towards a new low under 1.58 versus the U.S Dollar, as global risk appetite weakened [...]
Euro Crisis Explained
Friday, May 18th, 2012If Greece leaves, the threat of contagion among the other southern Euro states could break the 17-nation bloc. The Eurozone debt crisis is an ongoing phenomenon that has threatened to tear apart the 17-nation currency bloc. Characterised by colossal debt piles, rocketing bond yields, anaemic economic growth, frayed investor confidence, dangerous trade deficits, unsustainable borrowing, [...]
Pound to Euro, US Dollar exchange rate: The Pound declined against the Euro, falling back towards 1.2450
Friday, May 18th, 2012The Euro plunged to a fresh four-month low against the U.S Dollar, extending declines to a third straight week, amid concern that the sovereign debt crisis is worsening Sterling / Euro and US Dollar exchange rates The Pound declined against the Euro yesterday, falling back towards 1.2450, while the UK currency slumped towards a new [...]
A Greek exit would have huge implications for the Eurozone
Thursday, May 17th, 2012Over the past week €700 million has been withdrawn from Greek banks as many investors are looking to transfer funds out of Greece Political leaders in Greece have failed to form a coalition government signalling fresh elections next month. Just over a week ago an inconclusive general election saw voters reject the established political parties [...]
Pound to Euro, US Dollar exchange rate: The Pound remained largely unchanged against the Euro
Thursday, May 17th, 2012The Pound remained largely unchanged against the Euro Sterling / Euro and US Dollar exchange rates The Pound remained largely unchanged against the Euro yesterday, hovering around the 1.25 level for the majority of the day. The UK currency declined significantly versus the U.S Dollar, falling below 1.59, as risk sentiment weakened in line with [...]
Pound to Euro, US Dollar exchange rate: Sterling is currently holding above 1.2500 on interbank against the Euro
Wednesday, May 16th, 2012The US Dollar and Japanese Yen pushed significantly higher overnight as equity markets witnessed a major sell off, boosting demand for the go-to safe haven currencies. Sterling / Euro and US Dollar exchange rates Sterling is currently holding above 1.2500 on interbank against the Euro, however has deteriorated rapidly against the US Dollar during trading [...]
Pound to Euro, US Dollar exchange rate: The Pound continued to advance to yearly highs against the Australian Dollar, New Zealand Dollar and South African Rand
Tuesday, May 15th, 2012The Pound continued to advance to yearly highs against the Australian Dollar, New Zealand Dollar and South African Rand Sterling / Euro and US Dollar exchange rates The Pound continued to advance to yearly highs against the Australian Dollar, New Zealand Dollar and South African Rand yesterday, as swings in global risk sentiment persisted and [...]
Pound to Euro Exchange Rate Forecast – The Pound is continuing to trade close to three-and-a-half year highs against the Euro
Monday, May 14th, 2012Over the coming week the Pound should continue to hold its excellent position against the Euro as political events unfold in Greece. Foreign Currency Market Update – GBP / EUR Update The Pound is continuing to trade close to three-and-a-half year highs against the Euro as the prospect of a Greek exit from the Eurozone [...]
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