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Posted September 30th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 30th September 2011

EURO/GBP – 1.1504 

Sterling climbed by 0.7% against the US dollar as rumours the Swiss National Bank may raise its amount of sterling holdings increases. The pound however, fell by 0.4% against the euro after German parliament voted in favour of approving another Euro zone rescue fund. This week has shown significant signs that sterling is in fact being led around by other currency pairs which makes its movement difficult to predict. Data out yesterday showed UK house prices rose by 0.1%. According to Nationwide, house prices are likely to remain stable until the end of 2011. Call in now for a quote.

In the Euro zone, the euro rose by 0.6% versus the US dollar after German policy makers approved an expansion of the euro zone bailout package. The measure passed with 523 votes in favour and 85 against. Though it was a largely expected decision, tension was still high. Germany will now put up €211 billion instead of €123 billion. Though the common currency seemed to be going rather steady this week, we may see it strengthen further as many feel the correct measures to solve the crisis are finally being taken. Data yesterday showed Germany’s unemployment rate decreased and is at its lowest level in two decades. Out today are Euro zone unemployment figures. Call in now for a live rate. 

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Posted September 29th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 29th September 2011

EURO/GBP - 1.1474 Sterling remained steady against the US dollar yesterday and was slightly down versus the euro. With increasing market rumours that Greece will hold off on a default, market players felt somewhat confident and invested in riskier currencies. Expectations the Bank of England will put more quantitative easing on the table continues. Due to  Continue Reading…

Posted September 28th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 28th September 2011

EURO/GBP - 1.1506 Sterling strengthened against the US dollar yesterday, following gains by the euro, as a rebound in global stock markets increased risk appetite and boosted confidence in sterling. There was a cautious optimism amongst investors that European policymakers were putting together a more solid plan to resolve the debt crisis, however, with nothing concrete  Continue Reading…

Posted September 27th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 27th September 2011

EURO/GBP - 1.1498 Sterling appreciated by 0.7% against the euro yesterday as concern over the European debt crisis increased demand for the pound. Sterling also strengthened by 0.7% versus the US dollar. Despite these glimpses of strength, the pound is still suffering from last weeks’ one year low of $1.532/£1 and is increasingly under pressure from  Continue Reading…

Posted September 27th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 26th September 2011

EURO/GBP - 1.1517 Sterling gained against the US dollar on Friday afternoon as investors took profits from the US currency’s earlier rally, but the pound remained close to a one year low on concerns over the global economic outlook. The pound also strengthened against the euro on speculation that Greece will not be able to secure  Continue Reading…

Posted September 23rd, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 23rd September 2011

EURO/GBP – 1.1395  Sterling continued to lose ground against the US dollar on increased risk aversion and worries about the UK economy reaching its lowest level since December last year. Wednesday’s Bank of England minutes made it clear that further quantitative easing was likely and increased speculation over a possible interest rate cut from the  Continue Reading…

Posted September 22nd, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 22nd September 2011

EURO/GBP - 1.1416 Sterling had a rocky day yesterday after the Bank of England minutes showed policymakers leaning towards another round of quantitative easing. This caused the pound to hit an 8 month low versus the US dollar and a 2½ year low against the yen.  The minutes revealed that policy makers’ outlook on a robust  Continue Reading…

Posted September 21st, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 21st September 2011

EURO/GBP - 1.1461 Sterling was up 0.1% versus the US dollar yesterday regaining ground from Monday’s 8 month low of $1.563/£1. This increase was largely due to a slight rise in risk appetite. Against the euro however, the pound was flat and hit a day low of €1.144/£1. Out later today we have the BoE (Bank  Continue Reading…

Posted September 20th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 20th September 2011

EURO/GBP - 1.1502 Sterling depreciated against the yen, hitting its lowest in over 2 ½ years. Despite this, the pound strengthened against the euro for a second day after data from the UK’s top property website, Rightmove Plc showed 0.7% increase in house values for September. Also out today was the BoE’s (Bank of England) quarterly  Continue Reading…

Posted September 19th, 2011 by Charles Purdy

EUR/GBP Rate & Comments for 19th September 2011

EURO/GBP - 1.1481 Sterling regained ground versus the US dollar after hitting a session low of $1.574/£1. The pound also rose by 0.7% against a weaker euro. This is largely due to investors still uncertain on whether EU policy makers are taking sufficient steps to tackle the Euro zone debt problem. Despite sterling making these slim  Continue Reading…

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