What are the chances of the euro reaching €1.42 again any time soon? We asked the experts It was only a few weeks ago that sterling peaked at a seven-year high against the euro at €1.42. Since then the single currency has regained around six cents. That might not sound much, but if you were […]
The pound has been rising pretty steadily against the euro for more than a year. You could buy 1.22 euros for every pound last summer – and by Christmas the rate had climbed to 1.24, according to figures from Travelex, and since then it has jumped by 10per cent. Anyone exchanging £500 should get around […]
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A positive end to the week saw sterling further its gains against both the euro and US dollar, as a member of the US Federal Reserve’s monetary policy committee spoke out about the dangers of a premature increase in US interest rate.The week ahead could be an important one for sterling, with a host of […]
LONDON: Sterling rose to a seven-year high against the euro on Tuesday, after a Bank of England policymaker said British interest rates could rise in the near future should inflationary pressures pick up quickly. Kristin Forbes said in a speech that the risks from a return […]
LONDON, Feb 24 (Reuters) – Sterling rose to a seven-year high against the euro on Tuesday, after a Bank of England policymaker said British interest rates could rise in the near future should inflationary pressures pick up quickly. Kristin Forbes said in a speech that the risks from a return of inflation, asset price bubbles […]
The euro has lost considerable ground since last spring as the persistence of very weak growth in the eurozone, coupled with a fall in inflation to very low levels, forced the ECB into further policy easing moves. It has also become increasingly clear that while interest rates are likely to rise, albeit modestly, in the […]
By Mark Shapland For This Is Money Published: 08:24 EST, 21 November 2014 | Updated: 09:41 EST, 21 November 2014 9 View comments British holidaymakers and property buyers could be lording it on the continent over the next few years if sterling is set to soar against the euro as a City report forecast today. […]
We are in a “multi-year phase of a US dollar recovery” and markets are underestimating the power of the trend Sterling is to climb relentlessly against the euro over the next three years and will reach levels last seen at the turn of the century, according to new forecasts by Goldman Sachs (NYSE: GS-PB – […]
The exchange rate follows the divergence in Interest rates On an inverted basis, UK exchange rate would be €1.54 to the pound by 2017. This turn would Europe into a cheap region for holidays once again, and offer bargain basement prices for farmhouses in Tuscany or Acquitaine. Yet such a dramatic rise in sterling cannot […]