Currency Forecasts

Category: EURGBP


Pound/Euro rises to €1.11 due to rising inflation

This morning UK Inflation numbers were released showing a number of 2.7% against a forecast of 2.5%. The higher number increases the chance of the Bank of England raising interest rates this year. While they are unlikely to do so…

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Bumper Retail Sales figures strengthen Sterling

We have just seen the latest UK Retail Sales figures for the UK, and they were significantly better than forecast. Markets expected a +0.4% rise. I thought that it would be lower than this, but the actual figure came in…

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Pound/Euro forecast: Article 50

GBP/EUR rates have steadied somewhat today, after falling briefly into the €1.13’s first thing this morning. The Government have now won the right to trigger article 50 and start negotiations with the EU, however this may not happen as soon…

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Getting the best Pound/Euro exchange rates

December is often unkind to the Pound and this year is no different. We’ve seen GBP/EUR rates slip away gradually this week, today dropping to €1.18.  Over the Christmas period, trade is often much thinner and as global investors move…

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Italian referendum effect Pound/Euro exchange rates

Sterling/Euro rates seem to have been range-bound between around €1.17 and €1.18 over the last week as the chart below shows.  After rising by 5% earlier in the month, the pair now seems to have found a comfortable level around…

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