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Posted April 30th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 30th April 2012

EURO/GBP – 1.2282

Sterling had a strong day on Friday breaking through new resistance hitting a 22 month high of 1.2292 against the euro and an 8 month high of 1.6279 against the US dollar as news from Europe and the US drove the market. If the manufacturing, construction and services Purchasing Managers’ Index (PMI) figures released this week are poor, sterling will be under pressure following the weak GDP figures last week. Call in now for the latest update and a live quote.

The euro had a very poor start to the day on Friday as Standard and Poor’s (one of the big three credit rating agency’s) downgraded Spain two notches from A to BBB+ whilst giving Spain a negative outlook. A relatively solid Italian bond auction saw the euro recover somewhat during the day and the euro hit a 2.5 week high against the US dollar of 1.3270. This week, the European Central Bank’s is expected to keep rates unchanged; furthermore, any news regarding Spain or the French elections could move the market significantly; so call in now the latest news and a live quote.

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Posted April 27th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 27th April 2012

EURO/GBP – 1.2270  Sterling had a volatile week hitting fresh 20 month highs of 1.2275 against the euro and fresh 6 month highs of 1.6205 against the US dollar despite a raft of bad data being released. The UK is now in a technical recession after preliminary GDP figures showed the economy unexpectedly slumped by  Continue Reading…

Posted April 26th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 26th April 2012

EURO/GBP – 1.2235 Sterling weakened off against the majority of currencies yesterday morning as quarterly GDP figures released showed that the UK is now technically back in recession; the first double dip recession since the 1970’s. The news that the UK is now back in recession has prompted a call for further quantitative easing from  Continue Reading…

Posted April 25th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 25th April 2012

EURO/GBP – 1.2235 Sterling reached a fresh 6 month high of 1.6160 against the US dollar whilst pushing slightly higher against the euro reaching 1.2275; before weakening off sharply in the afternoon. Public sector borrowing for March came in above market expectations reaching £15.8 billion meaning that the total debt now exceeds the £1 trillion  Continue Reading…

Posted April 24th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 24th April 2012

EURO/GBP – 1.2228 Sterling hit fresh highs of 1.2270 against the euro yesterday as fears surrounding the Eurozone were once more at the forefront of traders’ minds. The main release today will be the public sector net borrowing figures which the markets will keep a close eye on to see if there is any movement  Continue Reading…

Posted April 23rd, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 23th April 2012

EURO/GBP – 1.2228 Sterling had a strong start to the day on Friday strengthening against the majority of currencies as monthly retail sales figures came in much better than anticipated, with sterling reaching a 6 month high against the US dollar of 1.6140. This week’s main releases include figures for public sector net borrowing and  Continue Reading…

Posted April 20th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 20th April 2012

EURO/GBP – 1.2220 Sterling had a very strong day yesterday strengthening against all the major currencies whilst reaching a 20 month high of 1.2230 against the euro. Figures released showed that the number of new people claiming unemployment benefits rose by less than expected and the unemployment rate also dropped. The Bank of England’s policy  Continue Reading…

Posted April 19th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 19th April 2012

EURO/GBP – 1.2220 Sterling had a very strong day yesterday strengthening against all the major currencies whilst reaching a 20 month high of 1.2230 against the euro. Figures released showed that the number of new people claiming unemployment benefits rose by less than expected and the unemployment rate also dropped.  The Bank of England’s policy  Continue Reading…

Posted April 18th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 18th April 2012

EURO/GBP – 1.2130 Sterling reached a new 18 month high against the euro yesterday peaking at 1.2175 before retracing in the afternoon. Against the US dollar sterling started the day fairly flat before strengthening in the afternoon. Consumer Price Index (CPI) figures released today will show investors how the price of goods and services purchased  Continue Reading…

Posted April 17th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 17th April 2012

EURO/GBP – 1.2115 Sterling reached a new 18 month high against the euro yesterday peaking at 1.2175 before retracing in the afternoon. Against the US dollar sterling started the day fairly flat before strengthening in the afternoon. Consumer Price Index (CPI) figures released today will show investors how the price of goods and services purchased  Continue Reading…

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