Since posting an 18 month high on January 8th Sterling has spend the last month consolidating within a couple of cents of that high. Last Week Last week was relatively uneventful on the data front, with three separate UK surveys delivering mixed results; the Manufacturing and Services sector surveys convincingly beat expectations, printing at 52.1 [...]
Euro Exchange Rate Forecasts
GBP-EUR Update Category
Pound to Euro Exchange Rate Forecast – Sterling testing the recent lows at 1.19
Thursday, February 9th, 2012The UK’s public sector borrowing figures came in better than expected
Tuesday, January 31st, 2012In last week’s update we asked whether the Pound can finally make a convincing break above 1.22. Foreign Currency Market Update – GBP / EUR Update All eyes were on the eurozone summit yesterday, which resulted in 25 of the 27 EU member states agreeing a new pact focused on tighter fiscal discipline. The idea [...]
Pound to Euro Forecast – Sterling Trending Higher?
Monday, January 23rd, 2012The Euro has rallied a couple of cents against the US dollar and at least halted its slide against the Pound since the New Year. By Jon Beddell Foreign Currency Market Update – GBP / EUR Update The old adage “one swallow doesn’t make a summer” has been the first proverb to spring to mind [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast – Sterling flirted with ten month highs this afternoon as the Euro continues to feel the pressure
Thursday, December 8th, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling flirted with ten month highs this afternoon as the Euro continues to feel the pressure. The latest blow came as ratings agency S&P warned of a possible downgrade to the EU’s ‘AAA’ rating, on top of downgrades to most of the major [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast – The Euro Makes Sterling Look Good
Friday, November 11th, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling has surged by nearly four cents in two weeks as the Euro zone debt crisis continues to deepen. Heads are rolling in scenes befitting a belated Halloween horror. First the Greek prime minister was forced to step down after a bungled call [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast
Tuesday, August 23rd, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update Sterling closed on Friday exactly unchanged on the week. In fact, despite the big movements in other markets the weekly closing price of Sterling/Euro has been stuck within a one cent range for six weeks now. Looking more closely at the daily action [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast – Sterling was challenging 3 month highs as Euro zone debt woes continued…
Friday, August 12th, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update At the end of last week Sterling was challenging 3 month highs as Euro zone debt woes continued to weigh on the single currency. Things were looking good until Tuesday, when a combination of events condemned the Pound to its steepest one day decline [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast – Sterling slips as 2nd Greek bailout agreed
Tuesday, July 26th, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update Last week’s economic data was closely watched but did not produce any major surprises. The UK’s monetary policy committee voted 7-2 to keep interest rates at record lows this month according to the minutes released last Wednesday. The two dissenters wanted a rate [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast – Sterling surges against distressed Euro
Monday, July 18th, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update After falling to the lowest level in 15 months on July 1st Sterling has staged an impressive rebound, surging by over 4 cents from the recent lows that saw the 1.10 level tested for the first time since March 2010. Last week started [...]
Pound Sterling to Euro Foreign Currency Exchange Rate Forecast – Inflation moderates…
Wednesday, June 15th, 2011By Jon Beddell Foreign Currency Market Update – GBP / EUR Update The data calendar kicked off last week with EU producer price index coming in at 6.7%, slightly higher than expected. Then came retail sales for the euro zone, up 1.1% on the year when expectations were for no change. The Euro crept higher [...]
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