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by Jonny Harris

Teresa May gives the pound some certainty

UK News Finally there is some signs up good news for the pound as Teresa May looks as if she is going to be the new Prime Minister in the UK. With this said, the pound has rallied acorss the board over night against both the euro and the US Dollar. Today’s releases come with…

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by Jonny Harris

Dooms day turning into dooms week for the pound… Can it get much worse?

US News The US joins the game again today with the ISM Non-Manufacturing figures. We do expect to see a small increase from 52.9 to 53.3and after the dollar hits its highest point against the pound since 1985, any positive key releases ill surly drive it further. Friday’s Non-farm payrolls in the US will be…

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by Jonny Harris

Pound falls further after referendum to leave the EU

US News A relatively quiet start to the week with a public holiday in the US for independence day. UK News The Construction PMI fell this month in the UK from 51.2 to 46.0. Anything close to 50.0 is a relatively positive release – todays was set to drop slightly but not as much as…

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Pound Euro sits at 1.2780

Pound Euro sits at 1.2780 Good morning, Last Friday saw the Pound gain against the Euro due to positive Manufacturing figures. The increase in rate was also helped by Germany posting a weaker than expected Trade Balance. Both of these factors kept the pounds to euros exchange rate well in to the 1.2800 for most…

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ECB Buying Euros

ECB Buying Euros Good morning, Having seen a near 100 point movement over the last few days, the Pounds to Euros exchange rate seems to be hovering around 1.2750 A relatively busy day for the Euro rate today, possibly seeing the Euro strengthen for a brief period until the main UK data comes out this…

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Buying Euros – Is now the right time?

Buying Euros – Is now the right time? Good morning, Today’s Services and Composite PMI for Germany showed that despite of the problems within the Euro-area, not all is as bad as it seems as they came in 0.6% higher than the expected value. Although, having said that as a whole the Euro-zone dropped 0.3%…

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ECB Buying Euros and Bonds

ECB Buying Euros and Bonds Good morning, Yesterday saw the Euro rate weaken off overnight on concerns that the anti-austerity opposition party Syriza will win Greek elections next month endangering the country’s bailout agreement with the EU. At close of play yesterday pound euro was trading at 1.2740 and pushed up to 1.2790 at its…

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Euro Dollar sits at a near two and a half year low

Euro Dollar sits at a near two and a half year low! Good morning, What has been an eventful year for the Pound the festive period is very quiet in terms of economic data all-round therefore movement wise may be limited. The Pound exchange rates has been steady against the Euro and sits above 1.27….

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Construction Figures for The UK main Focus

Construction Figures for The UK main Focus US Dollar exchange rates In the US the November PPI is likely to decline on the month due to lower oil prices. This is followed by the University of Michigan confidence measure for December. Pounds to Euros Yesterday saw the Pound push above 1.90 against the Aussie Dollar…

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Pounds to Euros Online

Pounds to Euros The pound exchange rate rose to a three-week high against the euro exchange rate ass the report showing UK Services expanded in November faster than analysts forecast signaled that the economy is weathering stagnation among its European neighbors. Why is anyone surprised as half of Italy and Spain’s youth are unemployed and…

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