An all round busy day for Euro and the US Dollar!
Yesterday saw large movement’s for GBPEUR as we had highs of 1.2785 and lows of 1.2700 although this morning the rate has picked up again and leveled around 1.2750. A great time for you Buying Euros!
Today in Europe, this mornings German Retail sales came in a lot weaker than expected and caused the Euro to drop against the Pound from around 1.2735 to 1.2755 and against the US Dollar from around 1.8980 to 1.8960
An interesting read from bloomberg.com this morning ‘German unemployment fell for a third month in December to a record low, signaling that growth in Europe’s largest economy will accelerate in 2015’. Are we going to see the Euro exchange rates strengthen against the Pound in the coming months? From today’s report, Unemployment fell by around 10,000 in Eastern Germany and 17,000 in Western Germany indicating that the driver of the Euro is becoming stronger entering 2015.
Euro-zone Unemployment figures are to come out this morning, showing that the amount of jobs for people in Europe is not getting much better although it’s not getting any worse, again the weak Euro expected to get weaker.
The Italian Jobless Rate rises to a record. Just sums up Europe really, can’t get everything to be positive in one month to get the much needed gain.
A relatively quiet day for the UK today with little data to really move the markets in the Pounds favour. Tomorrow is a very busy day for the UK, with the Bank of England Interest Rates expected to come out the same as previous. May even see the Pound gain against the Euro, Again!
Pound US Dollar is at a low and looks as if it’s going to get worse before it gets better, although for those Dollar sellers a perfect time to take advantage of the one and a half year high.
Again a busy, but seeming to be a positive day for the US Dollar. This afternoon’s FED minutes looking as if we may even see the GBPUSD drop below 1.5100
EURUSD continues to weaken off becoming the weakest since the middle of 2005, currently sitting at 1.1865 GBPUSD once again continues to drop, now sitting around 1.5130 the lowest rate for over a year and a half.