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Daily Exchange Rate Forecasts & Currency News

Euro Forecast Directory - Page #275

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

GBP EUR Exchange Rate Drops Following Weak UK Manufacturing And Industrial Production Data

12 Mar 2013 at 2 PM - Written by Ben Hughes

Sterling endured yet another torrid opening to today’s session today following the latest in a long line of disappointing 0930hrs data releases. This time it was January’s edition of UK Industrial and Manufacturing Production data which hit the Pound, sending the GBP EUR exchange rate down to below the 1.1400 level and to within half a...

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Pound Euro Exchange Rate (GBP/EUR) Edges Lower Following BoE And ECB Interest Rate Announcements

7 Mar 2013 at 2 PM - Written by John Cameron

Today’s two major global central bank policy decisions came out broadly in line with analysts’ expectations. The Bank of England opted to maintain its current policy stance – economists had been factoring-in a fair chance of an increase to the UK central bank’s ongoing Quantitative Easing scheme, following last month’s Monetary...

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Bounce In Crude Oil Price Sends GBP NOK And GBP CAD Exchange Rates Lower

6 Mar 2013 at 9 AM - Written by John Cameron

The Pound is not the only asset to have endured a torrid start to 2013 – crude oil has also come under sustained selling pressure since the turn of the year, sending the price of a barrel of Brent crude down to it lowest level of 2013 during Monday’s session. The wholesale oil price had dipped by over 7% in the last five weeks, hinting at...

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Pound Euro Exchange Rate (GBP EUR) Gains Following Strong UK Retail Sales And PMI Services Data

5 Mar 2013 at 2 PM - Written by Tim Boyer

A brace of positive UK data releases has caused the Pound to be one of the best-performing of the sixteen most-actively traded currencies today. The overnight session brought the release of the latest British Retail Consortium (BRC) annualised Retail Sales data. The UK shop sales numbers for last month revealed that like-for-like transactions...

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GBP EUR Rate Up On Cyprus Fears, GBP AUD Rate Down On RBA 'Hold' Decision

5 Mar 2013 at 9 AM - Written by Minesh Chaudhari

Yesterday’s session threw up an interesting juxtaposition for investors holding euros – just as news broke that the tiny Baltic nation of Latvia had applied to adopt the euro, it emerged that the eurogoroup of Finance Ministers are holding meetings in Brussels aimed at providing a potential €17bn bail-out for the tiny Mediterranean...

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Weak UK PMI Manufacturing Survey Sends GBP EUR Rate Lower

1 Mar 2013 at 2 PM - Written by David Woodsmith

Investor sentiment regarding the Pound had been firming throughout the week following the sharp move against the UK tender which last Friday’s British debt downgrade had triggered. However, this morning’s Markit/CIPS Purchasing Managers’ Index survey put an end to the Pound’s apparent stabilisation. The gauge of the state of play in...

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GBP EUR Rate Gains On Eurozone Banker Bonus Cap, GBP ZAR Rate Spirals On Weak SA Trade Data

1 Mar 2013 at 9 AM - Written by John Cameron

Sterling climbed against the euro during yesterday’s session, sending the Pound euro exchange rate (currency : GBP EUR) back above the 1.1600 level just after the European equities close. The move out of euro-denominated assets was partly driven by German and eurozone inflation data, released yesterday, which revealed that the rate of...

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Investors Await European CPI Inflation Data, GBP EUR Exchange Rate At Risk Again

28 Feb 2013 at 9 AM - Written by Minesh Chaudhari

Yesterday afternoon’s US Durable Goods Orders data for last month showed a sharp drop from December’s print, and the rate of interest paid by Italy on her 10 year gilts spiralled at yesterday’s auction, yet Tokyo’s benchmark Nikkei 225 index still climbed by over 2.5% during last night’s Asian session. The forward move in...

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Pound Euro Exchange Rate (GBP EUR) In Peril Following UK's AAA Credit Downgrade

25 Feb 2013 at 9 AM - Written by John Cameron

For some months now, a dark and threatening cloud has hung over Britain. All three of the world’s leading credit ratings agencies placed the UK on ‘creditwatch’ during the latter part of 2012, meaning that there was a realistic chance that she would lose her highly-valued AAA credit rating. Late last Friday, after the European equities...

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Pound Euro Exchange Rate (GBP EUR) Tests Higher Following Disappointing LTRO Repayment Data

22 Feb 2013 at 12 PM - Written by John Cameron

There was distinctly mixed news from the eurozone today. The latest German GDP data revealed that economic activity in the giant Teutonic economy had contracted by 0.6% during the final three months of last year. Although the market had been expecting a showing at around this level for the finalised Q4 print, it still served as a reminder to...

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