Currency Forecasts

Category: Euro weakness


How could the Italy situation affect GBPEUR?

Yesterday we saw the GBP/EUR rate rise to €1.15 due to the political situation developing in Italy. This morning however, rates have come back down to around the €1.1430 mark. This is due to strong Retail Sales data from Germany,…

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Pound falls further on poor Retail Sales figures

The Pound has fallen against the Euro and US Dollar overnight, as figures showed that Retail Sales were much lower than expected. It’s a further sign that due to rising inflation and rising prices caused by a weaker Pound, consumer…

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Euro weakens pushing GBP/EUR to €1.1870

As I mentioned in yesterday’s post, there was a chance that the ECB would increase their QE stimulus programme, and this is exactly what they decided to do. They were supposed to have finished the stimulus by March next year,…

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Pound/Euro rises to €1.20 on ECB rate cut hint

Wednesday 20th November 2013 So the Bank of England news this morning was a bit of a damp squib, with all 9 members voting to hold QE and interest rates, so didn’t have much effect on exchange rates.  However, the Pound/Euro…

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Pound/Euro exchange rate forecast Outlook

Monday 10th December 2012 Good morning. Sterling Euro rates hit a 5 week low last week, before staging a slight recovery on Thursday and Friday. As always for a Monday, today I will take a look at what has moved…

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