A great week for the Euro

Written by Alistair Ryan Currency Broker +44 (0) 1442 892061 [email protected] Last week was a good week for the euro with the single currency gaining around 3% against both Sterling and US Dollar. EUR/USD rates finished the week at 1.1341, picking up from the lows of 1.1022 and GBP/EUR rates started off the week at … Read more A great week for the Euro

Greece Bailout Talks Agreed

Written by Currency Broker Kingsley Walker T: 01442 892 060 E: [email protected] W: Foremsot Currency Group Once again we find ourselves talking about Greece after it emerged Friday morning that the Greek parliament had voted to approve a third bailout, which include tax rises and further spending cuts to unlock 85 billion euros from the … Read more Greece Bailout Talks Agreed

What does ‘Super Thursday’ hold in store for Sterling?

Written by FX Manager Alastair Archbold T: 01442 892 066 E: [email protected] Today has been dubbed ‘Super Thursday’ by many analysts, but before we look at what the coming session may hold in store for the Pound, let’s recap on what happened yesterday….     Sterling/Euro rates rose as high as €1.4375, which is pretty … Read more What does ‘Super Thursday’ hold in store for Sterling?

UK interest rate decision

Although GBP/EUR and GBP/USD rates both traded within a range of around half a cent it was still a fairly choppy day on the markets yesterday, with GBP/EUR rates bouncing between 1.42 and 1.4250 and cable rates between 1.5570 and 1.5620, as you will see from the graphs below. Live GBP/EUR exchange rates Live GBP/USD … Read more UK interest rate decision

Dollar Loses, Euro Gains

As Friday’s trading session progressed, we saw significant movement on both GBP/EUR and GBP/USD. So what had happened to the Pound? Well you might be surprised to hear, nothing. As we often express, the currency markets are a complicated entity, where a change in perspective 3000 miles away can have a direct impact back home. … Read more Dollar Loses, Euro Gains

Greek deal done – tentatively

We can finally stop talking about Greece! Or can we? The deal put in place over the weekend that, unless you were living under a rock you have undoubtedly heard about, is not in fact signed sealed and delivered until tomorrow; you’ve got to love a so called ‘deadline’! The banks are still closed in … Read more Greek deal done – tentatively

FX markets relatively subdued even after Greeks’ vote No

Anyone who watched the slowly unfolding developments in Greece Sunday night as the votes from the referendum were counted would have thought that Monday could be a day of extreme volatility, just as we have seen in recent times. However over the course of the trading day GBP/EUR, EUR/USD and GBP/USD all moved less than … Read more FX markets relatively subdued even after Greeks’ vote No

Greece vote ‘NO’

The much awaited Greek referendum took place yesterday and the Greeks have quite surprisingly voted ‘NO’ to the current bailout offer that was on the table. Although this was a highly anticipated event on the currency markets it did little to affect the euro, with the single currency dropping 0.5% against the pound and 0.4% … Read more Greece vote ‘NO’

Tsipras seeks out deal with creditors

Unless you’ve been living under a rock in the past couple of weeks you will know that Greece must repay €1.6bn to the IMF (International Monetary Fund) by the end of the month or face default and a possible exit from the EU. A hoped-for debt deal for Greece appeared to stumble yesterday as Greek … Read more Tsipras seeks out deal with creditors

Potential Greek deal on the Cards?

Another day in the currency market and another day dominated by Greece and their issues surrounding their debt and potential deals with their creditors. There may however be some light at the end of the very long tunnel. Greece handed in a new proposal on Monday evening which saw the stubborn Greek government propose reductions … Read more Potential Greek deal on the Cards?