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Posted March 30th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 30th March 2012

EURO/GBP – 1.1981

Sterling has had a turbulent week hitting a four and half month high against the US dollar and a two week low against the euro before these trends reversed towards the back end of the week. The annual and fourth quarter GDP figures for 2011 were both unexpectedly revised down this week and figures showed that the UK’s disposable income has now fallen to its lowest level since 1921. There is very little data out of the UK today; but, with news released elsewhere there is still the potential for a lot of volatility so call in now for the latest update and a live quote.

The euro had a poor end of the week as Standard and Poor’s (one of the three biggest credit rating agency) suggested that Greece may need its debt restructuring again; furthermore, one of the members of the ECB stated his belief that Portugal may need more European aid. On a more positive note, German unemployment fell more than anticipated; but, this did little to increase the sentiment from the Eurozone as the majority of countries struggle to produce any positive data. The market will look to decipher the budget cuts announcements that are expected from Spain today with the 24 hour general strike in full flow. Furthermore, German retail sales and French consumer spending figures will give some indication of the state of the economy from the two largest economic countries; but, whether this gives a true indication of the state of the region’s economy as a whole is a different question entirely. Call in now for the latest update and the latest news.

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Posted March 29th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 29th March 2012

EURO/GBP – 1.1935 Sterling had a poor day yesterday weakening off against the majority of currencies as the fourth quarter GDP figures for 2011 were unexpectedly revised down to -0.3%; furthermore, annual GDP figures were also revised down to 0.5%. Data released yesterday showed that the UK’s disposable income has now dropped to -1.2% meaning  Continue Reading…

Posted March 29th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 28th March 2012

EURO/GBP – 1.1949 Sterling hit a four and a half month high against the US dollar today before losing ground and ending the day where it started. Sterling traded in a similar pattern against the majority of currencies strengthening in the morning before retracing in the late afternoon. One of the members of the Bank  Continue Reading…

Posted March 27th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 27th March 2012

EURO/GBP – 1.1953 Sterling had a mixed day yesterday, strengthening and weakening against a variety of currencies as the markets shifted from risk appetite to risk aversion. Sterling was particularly strong against the Japanese yen and the US dollar, strengthening by 1.5c against the latter reaching the highest price in more than 3 months. There  Continue Reading…

Posted March 26th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 26th March 2012

EURO/GBP – 1.1968 Sterling had a poor day on Friday weakening off against the majority of currencies but strengthening against the US dollar. The only significant data revealed on Friday showed that nationwide consumer confidence was worse than expected creating yet more negativity towards the state of the UK’s economy. The main data out of  Continue Reading…

Posted March 23rd, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 23rd March 2012

EURO/GBP 1.1985 Sterling had a mixed week trading in a range against the euro and the US dollar; but, strengthening against the commodity backed currencies. The Bank of England’s minutes revealed that two of its members voted for £25 billion more to be pumped in to the economy which led some economists to predict that  Continue Reading…

Posted March 22nd, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 22nd March 2012

EURO/GBP – 1.2001 Sterling had a poor start to the day as the Bank of England’s minutes revealed that two of its members voted for the further injection of £25 billion into the economy causing speculation that further Quantitative Easing could be on the way.  The negative sentiment toward sterling was magnified due to extremely  Continue Reading…

Posted March 21st, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 21st March 2012

EURO/GBP – 1.1978 Sterling had a mixed day yesterday, strengthening against the Australian and New Zealand dollar; but, experiencing a volatile day against the majority of other currencies. Inflation data released yesterday showed a slight decrease last month to the lowest level in a year; but, missed market expectations. Today’s focus will be firmly on  Continue Reading…

Posted March 20th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 20th March 2012

EURO/GBP – 1.1992 Sterling had a mixed day yesterday strengthening against the majority of currencies in the morning before the markets shifted and sterling started to weaken off against all currencies except the US dollar as risk appetite increased. The main release today is the Consumer Price Index (CPI); but, the markets will be looking  Continue Reading…

Posted March 19th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 19th March 2012

EURO/GBP – 1.2035 Sterling had a strong day against the dollar on Friday strengthening by more than 1.5 cents whilst ending fairly flat against the euro. There is a raft of data out of the UK this week with the markets paying particular attention to the release of the Bank of England meeting minutes and  Continue Reading…

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