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Euro Forecast Directory - Page #275

A round up of the latest Euro forecast news items from the Currency News desk.

Pound hits one-month high as Euro downturn deepens

2 Nov 2012 at 4 PM - Written by Ben Hughes

Sterling has risen to a one-month high against the Euro after the British currency was bolstered by better-than-expected UK construction activity data. Data last week showed the UK economy had climbed out of recession although there are doubts about the underlying strength of the economy. The good news added to investor optimism that the UK...

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GBP to Euro Exchange Rate Blips Higher On Record Eurozone Unemployment Figure

31 Oct 2012 at 3 PM - Written by David Woodsmith

This morning’s session has brought more worrying data releases for the eurozone, as evidence mounts that the stringent austerity measures across the region’s most debt-strapped states are having a severe effect on the bloc’s real economies. Perhaps the most problematic state of all is Greece – a fact which was underlined by today’s...

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Exchange Rates Forecast: Could GBP EUR Exchange Rate Head Down To 10-Month Low Of 1.1756?

31 Oct 2012 at 9 AM - Written by John Cameron

In spite of last Thursday’s mildly encouraging UK Q3 GDP data, the UK economy’s vital signs remain worrying. Meanwhile, the eurozone’s debt problems continue to provide a nagging cause for concern for investors holding euro-denominated assets. With the two economies facing such clearly defined problems, it can be difficult for market...

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Pound Euro Exchange Rate Under Pressure Following ECB President Draghi?s Comments

29 Oct 2012 at 9 AM - Written by John Cameron

The eurozone took a step closer to becoming the ‘Federal State’ which many British cabinet members appear to fear yesterday, when European Central Bank President Mario Draghi gave his public backing to German Finance Minister Wolfgang Schaeuble‘s recent calls for Brussels to be given the power to dictate nation states' national budgets....

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Pound Euro Exchange Rate Gains On Weak Eurozone PMI Survey

24 Oct 2012 at 4 PM - Written by Tim Boyer

Analysts were expecting this morning’s whole of eurozone Composite Purchasing Managers Index survey to show an increase from last month’s showing of 46.1. It therefore came as a significant blow to the euro when the latest survey of business activity in the region showed a surprise drop to 45.8 – this is the fastest rate of contraction...

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GBP EUR Exchange Rate Threatened as Ten EU States Announce Tobin Tax & UK Appears Increasingly Isolated

24 Oct 2012 at 10 AM - Written by James Fuller

The UK is increasingly looking like the eurozone’s poor relation following yesterday afternoon’s announcement that ten of Europe’s leading economies are to set in motion plans for an ad valorem tax on financial transactions. The group of ten includes the region’s economic powerhouses of Germany and France, as well as debt-burdened...

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Pound Euro Exchange Rate Tumbles To 5 ? Month Low In Spite Of Bundesbank GDP Warning

22 Oct 2012 at 6 PM - Written by Toni Johnson

Risk remained well and truly off the menu during today’s session, thanks to ongoing concerns regarding tensions in the Asian economy. Data released earlier today revealed that Japanese exports to China had tumbled by an annualised 10.3% in September thanks to a boycotting of Japanese products and services by Chinese citizens in protest at...

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Successful Spanish Bond Auction Sends GBP EUR Exchange Rate Lower, Strong Swiss Export Data Helps The CHF

18 Oct 2012 at 4 PM - Written by David Woodsmith

This morning’s sale of Spanish 3, 4 and 10 year government bills was a qualified success, providing the euro with further positive impetus as today’s two day eurozone summit gets underway. It was a case of ‘win-win’ for the debt-troubled Iberian state’s policymakers, with the debt sale, which many analysts had considered to be a...

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Pound Euro Exchange Rate Tumbles To 4-Month Low Following UK Employment Data

17 Oct 2012 at 4 PM - Written by Tim Boyer

There has never been a time when more workers have been gainfully employed in the British economy, (since records began in 1971). This morning’s official UK government labour market figures revealed that some 30 million people are working in the UK at the moment. What this headline number did not reveal, however, was the extent to which the...

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GBP EUR Exchange Rate Threatens New 4-Month Low As Investors Await Bank Of England Minutes

17 Oct 2012 at 9 AM - Written by John Cameron

This morning’s minutes of the Bank of England’s October monetary policy meeting, due for release at 0930hrs BST, will provide investors with clues regarding the potential for a trimming of UK interest rates in the near term and the likelihood of additional funds being allocated to Britain’s already extensive Quantitative Easing...

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