Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Euro forecast page 44 - GBP EUR

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

LIVE EXCHANGE RATE 10:35:49 Pound Euro Rate »
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Pound euro exchange rate (GBP EUR) Slumps On Weak UK Retail Sales Data

22 May 2013 at 2 PM - Written by David Woodsmith

The Pound Sterling has come under heavy selling pressure during this morning’s European session, thanks to a raft of disappointing UK data releases. The most prominent of these was last month’s British Retail Sales data which showed a surprise drop off of 1.3% compared with the previous month. Analysts had been anticipating an annualised...

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Pound to Euro Exchange Rate (GBP EUR) Tumbles On UK Inflation Figures

21 May 2013 at 2 PM - Written by David Woodsmith

This morning’s main event in the global currency markets came in the form of the publication of the latest headline inflation data from the UK’s Office of National Statistics (ONS). The April Consumer Price Index figure showed at significantly below the expected annualised level of 2.6%. The year-on-year print of 2.4% was considerably...

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GBP EUR Outlook Unclear As BoE Increases UK GDP Forecast

15 May 2013 at 2 PM - Written by Tim Boyer

It was a good news / bad news morning in the currency markets for the Pound Sterling. On the credit side, the Bank of England’s Inflation Report saw the UK’s central bank upwardly amend its growth prediction for Britain’s economy, with overall activity expected to expand by 0.5% during the three months to the end of June 2013. The...

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Pound To Euro (GBP EUR) Forecast To Fall If UK GDP Data Disappoints

24 Apr 2013 at 2 PM - Written by Tim Boyer

This morning’s session brought the release of some less than impressive German data in the form of the latest Ifo Business Confidence survey. The gauge of the mood amongst business people in the eurozone’s leading economy showed a sharp drop-off from March’s figure of 106.7 to show at 104.4 this month. Analysts had been anticipating a...

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Weak UK Retail Sales Data Places GBP/EUR Exchange Rate 'At Risk'

18 Apr 2013 at 10 AM - Written by Minesh Chaudhari

Market focus has settled on the USA over the past 24hrs. The latest edition of the Federal Reserve’s Beige Book was published yesterday and it made for positive reading for investors with interests in the States. The US Central Bank stated that the outlook for the largest economy in the world has improved and that the vast American economy...

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GBP/USD falls after release of disappointing UK GDP data

27 Mar 2013 at 4 PM - Written by James Fuller

Sterling has fallen to the 1.50 region against the US Dollar after official data confirmed that the UK economy contracted in the fourth quarter raising concerns that the UK is heading for a triple dip recession. The Office for National Statistics announced that UK Gross domestic product contracted by 0.3% in the final quarter of 2012, in...

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GBP to EUR Exchange Rate Teeters On The Edge Ahead Of Big Vote; Is Cyprus Euro Exit On The Cards?

22 Mar 2013 at 3 PM - Written by Frank Davies

The waiting game continues. The eurozone’s policymakers have been making public comments throughout this afternoon’s session, as market participants await news from Cyprus. Spain’s policymakers have been at the front of the queue to pass comment on the situation, perhaps because of the Iberian nation’s ongoing struggle with its own...

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Pound Euro Exchange Rate (GBP EUR) Slumps As Osborne Announces Massive Reduction In 2013 UK GDP Forecast

20 Mar 2013 at 2 PM - Written by Ben Hughes

Sterling has come under renewed selling pressure this afternoon, following UK Chancellor George Osborne’s announcement during his Budget Statement that the Office for Budget Responsibility has slashed its official GDP growth forecast for the British economy for 2013 from 1.2% to 0.6%. The previous prediction of an increase of 1.2% in...

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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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