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Pound Euro forecast page 55 - GBP EUR

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

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Pound Dollar Rate - GBP/USD tests Higher as Dollar Loses Support, Euro Gains

7 Mar 2011 at 11 AM - Written by John Cameron

The Pound Dollar exchange rate (GBP/USD) is 1.6259. The Pound Euro exchange rate is 1.1606. Last week’s better-than-anticipated US labour market data provided more evidence that the US economy is strengthening. The figures showed that almost 200,000 new positions were created in the non-farm sector last month. The figures also contained...

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Foreign Exchange Rates ? GBP/EUR Edges Downwards as USD Remains Weak

7 Mar 2011 at 9 AM - Written by John Cameron

The Pound Euro exchange rate (GBP/EUR) is 1.1.646. In a significant development this morning, leading ratings agency Moody’s has downgraded Greek sovereign debt from B1 to Ba1. In an accompanying commentary, Moody’s alluded to the massive effort which will be needed by Greece to overcome its national debt crisis. Moody’s also...

CATEGORIES: American Dollar Forecasts Euro Forecasts Pound Dollar Forecasts Pound Euro Forecasts P Forecasts

Pound Dollar Rate ? GBP/USD Trades Down While EUR Breaks 1.40 Against USD

4 Mar 2011 at 1 PM - Written by John Cameron

The release of the most recent weekly Initial Jobless figure in the States caused some positive sentiment regarding the strength of the real economy in the States. The figure came out almost 30,000 below expectations at 368,000 new claims. This provided grounds for optimism that this Afternoon’s key Non-Farm Payrolls figure for February...

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Morning Foreign Currency Insight : Outlook For GBP/EUR is Negative as EUR Expected to Gain on Trichet?s Comments

3 Mar 2011 at 7 AM - Written by John Cameron

The GBP/EUR pair traded in a tight range yesterday ahead of a busy day for Eurozone data today, hitting a high of 1.1815 but only testing 1.1759 on the downside. The centrepiece release for today comes at 1245hrs GMT when the European Central Bank announces its interest rate decision for March. Analysts are expecting the key lending rate...

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Currency Report : Bank of England Minutes See Sterling Exchange Rate Hold Steady

23 Feb 2011 at 12 PM - Written by John Cameron

Minutes of the Bank of England’s February Monetary Policy Committee meeting, released earlier today, showed that the UK’s Central Bank is gradually edging closer to raising interest rates. Three members of the nine man committee voted for a rate hike, as Spencer Dale, the Bank’s Chief Economist, joined members Andrew Sentance and Martin...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

Euro Currency Insight - Pound Euro Rate Gains on Disappointing European Growth Numbers

15 Feb 2011 at 3 PM - Written by John Cameron

Disappointing growth figures in the Eurozone have weighed heavily on the Euro during today’s European trading session. French quarterly GDP figure for quarter 4 of 2010, released this morning showed growth of 0.4% as opposed to expectations of 0.6%. German counterpart figures also disappointed, with Europe’s industrial powerhouse economy...

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Euro Update - Debt Issues Remain for Single Currency

9 Feb 2011 at 2 PM - Written by John Cameron

Eurozone sovereign debt issues continue to cast a shadow over the Euro, with uptake for recent bond auctions in Ireland and Spain causing concern amongst analysts. European Financial Stability Facility Chairman Klaus Regling is due to make a set-piece speech later today. This will be closely watched by institutional investors who hope that...

CATEGORIES: Euro Forecasts Pound Euro Forecasts

Upturn in Risk Appetite Hurts US Dollar

8 Feb 2011 at 9 AM - Written by John Cameron

The US Dollar lost ground against the majority of major currencies during last night’s Asian session. Asian equity markets traded into positive territory, signalling an upturn in appetite for risk which in turn caused institutional investors to move away from the safe-haven of Dollar-denominated assets. The improvement in risk sentiment...

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Sterling Supported by Upbeat Figures

8 Feb 2011 at 9 AM - Written by John Cameron

The Pound saw a near-term rally in the early part of the week as it continued to recover from poor Quarter 4 growth figures. The January PMI figure, released at the end of last week, showed that the key UK Service Sector returned to growth. Last week also saw the release of positive manufacturing and construction data, leading to commentators...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts

German Data Weighs Down Euro

8 Feb 2011 at 9 AM - Written by John Cameron

Concerns over the servicing of individual nations’ sovereign debts continue for investors in Euro denominated assets. The latest Spanish bond auction has a disappointing uptake and EU Leaders met on Friday to discuss the overhauling of the €440bn emergency bailout fund. Comments following the meeting suggested that the fund may be...

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