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 […]

Euro data released this morning weighs on the Euro

Euro data released this morning weighs on the Euro exchange rates Data released early this morning for the EU has showed that German private-sector growth slowed to the weakest in 18 months in December, increasing the risk that a soft phase will turn into a more pronounced economic downturn. The Euro has weakened off following […]

Good Reasons to be Buy Euros

Good Reasons to be Buy Euros US Dollar Exchange Rates Today is the US Non Farm Payroll day – the most exciting day of the month for most foreign exchange traders! We are seeing traders buying US dollars across the board before the numbers with the expectation for stronger numbers as the milder winter and […]

EURO EXCHANGE RATE to go lower

Good Morning The US dollar is on Holiday Today! We expect no movement in the US dollar exchange rate as the US say farewell to summer and for those fashion guru’s amongst you – wearing white. The rest of the week is far from a holiday, as the data releases will be coming thick and […]

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 […]

pound strengthened against the euro exchange rate

Big Day for both the UK and US with the minutes released for the UK at 9.30am and 7pm (GMT) respectively. US Dollar exchange rate In the US later this afternoon we have the FOMC minutes. The dollar yesterday pushed to a four month high against the pound and a nine month high against buying […]

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. […]

Bank of England triggers pound selling

Good morning, The Pound took what some might say an absolute pasting yesterday following the Bank of England’s Inflation report. Bank of England governor Mark Carney discussed the UK economy and interest rates. Sterling tumbled to a four month low against the US Dollar as Carney said rate increases would be ‘gradual and limited’ and […]