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Posted April 16th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 16th April 2012

EURO/GBP – 1.2158

Sterling had a mixed day, pushing close to an 18 month high against the euro whilst weakening off against the US dollar as figures released showed that the change in the price of goods and raw materials purchased by manufacturers increased by more than the markets predicted. Data from the UK this week includes retail sales, Consumer Price Index (CPI) figures, the number of new people claiming unemployment benefits and the minutes from the last Bank of England meeting. Call in now for the latest news and a live quote.

The euro had a poor day on Friday weakening off against the majority of currencies as data released showed that Spanish banks borrowed almost double the amount of money from the ECB in March compared to February; this was a new record high and sent the benchmark Spanish bond yields back up towards 6%. Poor industrial production figures from Italy did little to help matters highlighting that many European economies remain in recession. This week, German Information and Forschung (Ifo) business climate sentiment and Zentrum fur Europaische Wirtschaftsforschung (ZEW) economic sentiment will be released; furthermore, euro zone wide trade balance figures are released today. The main focus though, will still remain on Spain and any developments could move the market significantly so call in now for an update and a live quote. 

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Posted April 13th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 13th April 2012

EURO/GBP – 1.2103 Sterling had a mixed week as risk aversion turned to risk appetite. Sterling very nearly reached an 18 month high against the euro on Thursday before retracing whilst strengthening steadily against the US dollar. Data this week showed that the UK’s trade gap widened more than expected; dampening the present economic outlook.  Continue Reading…

Posted April 12th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 12th April 2012

EURO/GBP – 1.2122 Sterling had a mixed day as the FTSE recovered from its 2012 lows yesterday, strengthening against the US dollar and the euro. There is very little data out of the UK today except trade balance figures which will show the difference in value between imported and exported goods during the last month;  Continue Reading…

Posted April 11th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 11th April 2012

EURO/GBP – 1.2124 Sterling had a mixed day weakening off against the euro and the US dollar; but, strengthening against the commodity backed currencies as risk aversion was the main driver in the market once more. With very little data released from the UK today the market will look elsewhere for influence so call in  Continue Reading…

Posted April 10th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 10th April 2012

EURO/GBP – 1.2118 Sterling weakened against the US dollar and rallied to a two and a half month high against the euro on Thursday as fears surrounding Spain dominated the markets. The Bank of England left rates unchanged at 0.5% and kept the asset purchasing program on hold as widely expected. On Friday and Monday,  Continue Reading…

Posted April 5th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 5th April 2012

EURO/GBP – 1.2076 Sterling started the week strongly against the US dollar reaching a four and a half month high before losing  two cents as the week progressed as risk aversion drove the market. Sterling traded in the opposite fashion against the euro reaching a two and a half month high yesterday afternoon. Service, manufacturing  Continue Reading…

Posted April 4th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 4th April 2012

EURO/GBP – 1.2042 Sterling had a poor day yesterday weakening off against the majority of currencies despite strong Construction Purchasing Managers’ Index (PMI) figures being released showing the fastest growth in 21 months. The British Chambers of Commerce stated its belief that the UK would avoid a technical recession; but, suggested the economic recovery is  Continue Reading…

Posted April 3rd, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 3rd April 2012

EURO/GBP – 1.2016 Sterling had a mixed day yesterday, strengthening throughout the morning as much better than expected manufacturing growth data was released, reaching a 10 month high. Sterling rallied to fresh highs against the dollar and the euro before retracing in the afternoon. The markets will look towards the housing data and construction figures  Continue Reading…

Posted April 2nd, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 2nd April 2012

EURO/GBP – 1.1998 Sterling strengthened against the US dollar on Friday breaking through the 1.60 resistance level for the first time since November last year. Manufacturing, services and construction Purchasing Managers’ Index (PMI) are released this week; but, the main focus this week will be on Thursday’s announcements where we will discover if the Bank  Continue Reading…

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