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Euro Pound Forecast Directory - Page #53

A round up of the latest Euro Pound 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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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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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 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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ECB?s Monthly Report Reassures Investors, Taking GBP EUR Exchange Rate Lower

11 Oct 2012 at 4 PM - Written by David Woodsmith

This morning’s major release of note in the currency markets came in the form of the latest edition of the European Central Bank’s Monthly Report. The publication focussed on legal issues surrounding its Outright Monetary Transactions policy, which ECB President Mario Draghi announced last month. Effectively, the OMT scheme sees...

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Pound Euro Exchange Rate Suffers Following Higher Than Anticipated Eurozone PPI Data

3 Oct 2012 at 9 AM - Written by John Cameron

Yesterday’s session was a relatively quiet one in terms of data releases, with the notable exception of the Reserve Bank of Australia’s policy decision which came out late in the Asian session. Perhaps the most significant figure published on the day proved to be the whole of eurozone Producer Price Index survey for August, which...

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Weak UK Trade Figures Hold Back The Pound, Spain Announces Deepening Of Austerity Measures

28 Sep 2012 at 9 AM - Written by David Woodsmith

Somewhat perversely, Spain’s government responded to the mid-week anti-austerity protests in Madrid by announcing more austerity measures during yesterday’s session. Deputy Prime Minister Soraya Saenz de Santamaria used a set piece speech to reveal that government departments would be slashing spending by an average of 12% during 2013 –...

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Pound Euro Rate Rallies After Bloody Demonstrations On The Streets Of Madrid

26 Sep 2012 at 4 PM - Written by Minesh Chaudhari

This morning’s session in the currency markets has seen a triple threat to the very fabric of the eurozone emerge. The first danger signal was sounded when the Bank of Spain revealed that economic activity in the debt-addled Iberian state has contracted at a ‘significant rate’ during the third quarter of 2012. The news sent the Spanish...

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