Currency Forecasts

Category: Pound/Euro 1 year high


Pound/Euro rises above €1.20 after ECB cut interest rates

Thursday 7th November 2013Good afternoon. A short while ago, the European Central Bank (ECB) has surprised the markets, and cut the interest rate to 0.25%. This has caused significant weakness in the Euro, pushing GBP/EUR rates above €1.20 which is…

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Pound/Euro rates €1.19, close to best all year

Tuesday 5th November 2013Good afternoon. We have seen Sterling continue to strengthen this week, and exchange rates are now very close to the best they have been all year. The main reason for the increase is the strongest services sector…

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