Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted May 16th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 16th May 2012

EURO/GBP – 1.2570

Sterling had a mixed day today weakening off against the majority of currencies in the morning before strengthening against most in the afternoon. Data out yesterday revealed that the UK posted a slightly larger trade deficit than anticipated. The Bank of England inflation report will be the main focus today as investors look for signs that further quantitative easing could be implemented in the upcoming months. Other data released includes the change in the number of people claiming unemployment benefits; so call in now for the latest quote and a live news.

The euro suffered further losses today as it was confirmed that Greece is set to have a new election in June after it failed to form a government despite multiple efforts. The euro started the day on a more positive note as GDP figures came in flat when a contraction was expected. This was largely to do with the much better than expected German preliminary GDP figures. Contrary to this, German ZEW economic sentiment figures came in much worse than the markets anticipated. Greece will form a temporary government today and whilst Consumer Price Index (CPI) data is released, the global focus will remain firmly on Greece; so call in now for the latest news and a live quote.

For individual requirements, visit the SmartCurrencyExchange.com website and for companies visit the SmartCurrencyBusiness.com

Leave a Reply

Posted May 15th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 15th May 2012

EURO/GBP – 1.2526 Sterling broke through more resistance yesterday hitting 1.2550 against the euro and strengthened against the majority of other currencies. Trade balance data is the main release on the agenda as the world looks to Europe and the US for influence. Call in now for the latest news and a live quote. The  Continue Reading…

Posted May 14th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 14th May 2012

EURO/GBP – 1.2465 Sterling briefly broke through the 1.2500 level against the euro on Friday morning; before weakening off against the majority of currencies as Nationwide consumer confidence figures released were worse than expected and the change in the price of goods and raw materials purchased by manufacturers dropped by a lot more than anticipated.  Continue Reading…

Posted May 11th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 11th May 2012

EURO/GBP – 1.2472 Sterling hit new highs of 1.2495 against the euro this week, challenging the psychological ceiling of 1.25 as fears surrounding the Eurozone dominated the global markets. The main data released out of the UK this week was the Bank of England’s decision to keep interest rates and the asset purchase facility unchanged.  Continue Reading…

Posted May 10th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 10th May 2012

EURO/GBP – 1.2457 Sterling hit fresh highs of 1.2460 against the euro today as fears that Greece could soon leave the euro gripped the market. On the data front, the British Retail Consortium retail sales monitor dropped to -3.3% which kept sterling fairly range bound against the majority of currencies. The Bank of England’s rate  Continue Reading…

Posted May 9th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 9th May 2012

EURO/GBP – 1.2424 Sterling strengthened to fresh highs against the commodity backed currencies as risk aversion drove the market; whilst staying moderately range bound against the euro and weakening off against the US dollar. On the data front, housing price balance data was weaker than expected dropping to a six month low. With very little  Continue Reading…

Posted May 8th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 8th May 2012

EURO/GBP – 1.2412 Sterling reached a 3 and a half year high against the euro yesterday of 1.2440 as election results in Europe caused yet more uncertainty in the region with the markets shut in the UK. On the data front on Friday, the Halifax House Price Index (HPI) came in much worse than expected.  Continue Reading…

Posted May 4th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 4th May 2012

EURO/GBP – 1.2307  Sterling had a fairly strong week hitting fresh 22 month highs against the euro, 4 month highs against the New Zealand dollar and a 5 month high against the Australian dollar; but, weakened off against the US dollar as risk aversion drove the market. Mixed data released in the UK showed weaker  Continue Reading…

Posted May 4th, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 3rd May 2012

EURO/GBP – 1.2307 Sterling continues to be flavour of the month benefiting from figures that showed the UK construction industry expanded in April and from poor economic data elsewhere. The growth in the construction figures was not as great as for March but was still an important set of data as the construction sector was  Continue Reading…

Posted May 2nd, 2012 by Charles Purdy

EURO/GBP Rate & Comments for 2nd May 2012

EURO/GBP – 1.2270 Sterling had a poor start to the day as Manufacturing Purchasing Managers’ Index (PMI) figures came in worse than expected underlining the negative sentiment from last week’s GDP figures showing that growth in the UK is slowing down. Sterling then recovered to some extent before dropping sharply as US economic data was  Continue Reading…

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus