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Posted March 16th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 16th March 2012

EURO/GBP – 1.2014

Sterling has had a steady week gaining a bit of ground against the euro and losing a bit of ground against the US dolalr. Economic data was mixed with unemployment data released this week slightly worse than expected and the trade deficit figures slightly better than expected. One of the government debt credit agencies put the UK’s AAA debt rating on review which seemed to have limited effect. Next week we have the budget and it will be very interesting to see what the Chancellor’s expectations are for the UK economy. Although it was a steady week for sterling overall there were some rapid changes in rates and therefore it is always worth giving us a ring to get the latest update and rates.

The euro lost a bit of ground this week. Slightly strange given that euro zone economic data was slightly more positive than expected and that the second Greek bailout has finally, it appears, been sorted out. Concerns about euro zone countries are still around and their size significantly dwarfs what was required in Greece. Call in now to get the latest €/£ rate.

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Posted March 15th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 15th March 2012

EURO/GBP – 1.2001 Sterling had a mixed day yesterday, strengthening against the majority of currencies in the morning before weaker than expected unemployment data halted the rally. Sterling was particularly strong against the New Zealand Dollar and Australian dollar reaching close to two month highs against both currencies. Data released showed that more people were  Continue Reading…

Posted March 14th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 14th March 2012

EURO/GBP – 1.2014 Sterling had a strong day yesterday strengthening against the majority of currencies and rising more than one cent against the euro to around €1.20/£1 interbank. Figures released showed that the UK’s trade balance deficit has narrowed in January. Today’s main release is the change in the number of people claiming unemployment benefits  Continue Reading…

Posted March 13th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 13th March 2012

EURO/GBP – 1.1878 Sterling had a poor day yesterday weakening close to a 2 week low against the euro and a 6 week low against the US dollar whilst remaining fairly flat against the commodity backed currencies. The UK trade balance figures is the main release today; however, the markets will focus on the news  Continue Reading…

Posted March 12th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 12th March 2012

EURO/GBP 1.1954 Sterling had a mixed day on Friday as it weakened off significantly against the US dollar and marginally strengthened against the euro. A mix of data released on Friday showed worse than expected figures from the manufacturing sector, whilst the change in the price of goods and raw materials grew more than anticipated.  Continue Reading…

Posted March 9th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 9th March 2012

EURO/GBP 1.1947 Sterling had a mixed week against the majority of currencies as risk aversion drove the market on Monday and Tuesday before risk appetite took over as the Greek private sector debt swap neared approval. Worse than expected data released in the form of the Purchasing Managers’ Index (PMI) and Halifax Price Index dampened  Continue Reading…

Posted March 8th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 8th March 2012

EURO/GBP – 1.1968 Sterling traded in a fairly tight range against both the US dollar and the euro yesterday as markets fears subsided and risk appetite began to drive the market. Today at midday, the UK’s main release will reveal if the Bank of England has decided to further expand the asset purchase program with  Continue Reading…

Posted March 7th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 7th March 2012

EURO/GBP – 1.1968 Sterling had a poor day yesterday, losing over one and a half cents against the US dollar whilst closing down against the euro as risk aversion drove the market. Weaker Halifax house pricing data also hampered sterling’s strength showing that property prices fell by 0.5%. The expectation was for an increase and  Continue Reading…

Posted March 6th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 6th March 2012

EURO/GBP – 1.2004 Sterling had a strong day yesterday strengthening against the majority of currencies although it did remain fairly flat against the euro. Weak services Purchasing Managers’ Index (PMI) data dampened the UK’s economic outlook early on before sterling rallied throughout the rest of the day on the prospect of the Greek private sector  Continue Reading…

Posted March 5th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 5th March 2012

EURO/GBP – 1.1972 Sterling had a fairly stable day against the euro on Friday whilst weakening against the US dollar even though the construction Purchasing Managers’ Index (PMI) figures released were better than expected. The main focus this week will be on Thursday’s Bank of England meeting and whether or not the Bank of England  Continue Reading…

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