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pounds to euros Archive


pound fell to its lowest level yesterday against the euro

Good Morning What a difference a day can make! The pound fell to its lowest level yesterday falling below the 1.2400 mark. It then pushed up to 1.25 before moving up to 1.2550 overnight. This happened after an opinion poll showed fading support for Scotland’s bid for independence from the UK. Sterling climbed versus all…

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Dollar continues to strengthen against both the Euro and Pound

Dollar continues to strengthen against both the Euro and Pound. US Dollar exchange rates Today is a relatively quiet day elsewhere, the focus in the US will be on the August NFIB small business optimism survey and the JOLTS job openings release for July. Both are expected to show improvements for the month. The dollar…

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Pound holds it ground as Scottish referendum dominates the news

US Dollar Exchange Rate As I said yesterday the US dollar didn’t do much as it awaits today’s ECB meeting and tomorrows Non Farm Payrolls numbers. The foreign exchange market has positioned itself for stronger numbers – so any disappointment or even an “as expected” result may result a weaker US Dollar. Pound Exchange Rate…

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Super Mario’s options are limited to help the Euro Zone

Super Mario’s options are limited to help the Euro Zone US Dollar exchange rates Like the pound it is that last working day of the summer and we expect very little movement. Russia may dictate the direction for the dollar as the Ukrainian conflict flares up again and if JP Morgan can prove it was…

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Why do FX Traders Buy Euros – Long live Teflon Euro

Good morning, The US Dollar is still the favourite of the day and tonight Yellen’s speech in Jackson Hole should do little to suggest this wont continue at least in the short term. There is very little news today in the way of economic releases so we expect a very quiet day especially in the…

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Forex Traders still looking to Buy Euros

Good morning, It is a quiet start to the week with the euro exchange rate area trade balance (June) and the US NAHB survey (August), the only data of note. Buying euros as a whole continues to have a sizeable trade surplus, in part boosted by weak imports due to the lack of domestic demand….

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When will rates in the UK and Euro Zone go up

US Dollar exchange rates US jobless claims are also scheduled for release today. Pounds to Euros Today we have the UK MPC policy announcement which will be of interest, with the committee revisiting its economic forecasts ahead of the August Inflation Report. Both the bank rate and the asset purchase program are expected to remain…

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Euro rate to fall if ECB approves Quantitative Easing

Euro rate to fall if European Central Bank approves Quantitative Easing Last night Germany’s Bundesbank came out for the first time and acknowledged that Quantitative Easing is not off the table and also mentioned negative interest rates. This is a massive change as the Euro exchange rate has been climbing as foreign exchange traders continue…

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