Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Euro forecast page 50 - GBP EUR

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

LIVE EXCHANGE RATE 06:08:45 Pound Euro Rate »
GBP/EUR -0 Days Low Days High Last Daily
1.094354893675 -0.12% 1.0939974794353 1.0958040974911 1.0956688001158

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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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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Weak UK Retail Sales Print And Strong NZ Data Sends GBP NZD Exchange Rate To Multi-Decade Low

15 Feb 2013 at 10 AM - Written by David Woodsmith

The Pound New Zealand Dollar exchange rate (currency : GBP NZD) slumped to a new multi-decade low last night, following the release of stronger-than anticipated New Zealand retail sales numbers for Q4 2012. The data revealed a quarter-on-quarter increase in domestic shop sales of a healthy 2.1% during the final three months of last year,...

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Foreign Currency Exchange Rate Prediction For GBP EUR And Forecasts For USD & CHF

12 Feb 2013 at 2 PM - Written by James Fuller

The POUND STERLING has endured another dismal session in the currency markets, almost totally eradicating its gains of the second half of last week against the other global majors. The fact that this morning’s UK CPI inflation data revealed that the rate of British price rises remains well above target, and yet Sterling has still suffered...

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North Korean Nuclear Test And UK Inflation Data Shape Currency Market Price Action

12 Feb 2013 at 9 AM - Written by John Cameron

The safe haven US Dollar has picked up some support in the currency markets during the overnight session thanks to reports of seismic activity in North Korea. The minor ‘quake’ is thought to have been caused by a nuclear test from the secretive nation – if this proves to be the case, then this is North Korea’s third such action in the...

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UK Business Confidence Plummets Hitting pound To Euro Exchange Rate (GBP EUR) Hard

11 Feb 2013 at 6 PM - Written by Toni Johnson

Not for the first time since the turn of the year, the GBP EUR exchange rate was the currency pair which showed most movement on the day today. The Pound started today’s session lodged in the 1.1800s, only slightly below last week’s intraweek high of 1.1839, which came late on Friday. However, the euro has come roaring back against the...

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Pound Euro Exchange Rate (GBP EUR) Soars Following Draghi And Carney?s Comments

7 Feb 2013 at 3 PM - Written by John Cameron

The euro has been the major loser in the global currency markets during this afternoon’s session, following comments from European Central Bank President Mario Draghi in his post policy decision press conference. Draghi delivered a fervently downbeat assessment of the eurozone’s short-to-medium term economic prospects following his...

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Pound Euro Exchange Rate Slumps To New 15 Month Low Following Revised US Jobs Data

4 Feb 2013 at 9 AM - Written by Tim Boyer

Global shares soared and the Pound Sterling slumped as last week’s session drew to a close. It was clear what had caused the surge in global appetite for risk - positive US employment data, released at the start of the North American trading day on Friday, which sent the benchmark Dow Jones Industrial Average spiralling to its highest level...

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Foreign Currency Exchange Rate Outlook For Pound To Swiss Franc (GBP CHF)

22 Jan 2013 at 9 AM - Written by James Fuller

The fortunes of the Swiss Franc and the euro remain inextricably linked due to the continued maintenance of the EUR CHF floor at 1.2000 by Switzerland’s central bank. The Swiss National Bank introduced the minimum exchange rate between the Franc and the single currency during September 2011 following fears that the burgeoning eurozone debt...

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Sterling Euro Exchange Rate (GBP EUR) Edges Lower As Fears Grow Regarding UK Retail Sector Equities

8 Jan 2013 at 3 PM - Written by John Cameron

A raft of eurozone data released earlier today sent out mixed messages regarding the state of the combined economies of mainland Europe. The bad news for the region was that whole of eurozone Retail Sales data for November showed at an annualised -2.6% versus expectations of a showing of -2.1%. Although this represented an improvement from...

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