Analysis / Daily / Finance / forex / Money

Sterling scales 7-year high against struggling euro.

Sterling rose to a seven-year high against the euro yesterday, as interest rate expectations moved further in favour of British assets just days before the European Central Bank embarks on a huge asset-buying spree. Data on Thursday showed firms’ investments fell at their sharpest rate in nearly six years in the last quarter of 2014, hit … Continue reading

Analysis / Daily / forex / Money

Sterling Hits Highest Levels vs Euro Last Seen in 2007

An impressive week for the pound has seen yet more multi year highs seen in GBP/EUR and a year high in GBP/USD. Analsyst at Danske Bank highlight that  the stronger UK growth recovery might aid GBP/EUR to move towards 1.3888 in the long-term. They continued “the GBP has performed strongly so far in February appreciating more than … Continue reading

Analysis / Daily

Greece Scrambles to Keep Deal Alive

The pound edged upwards for a fourth consecutive week against the dollar but momentum clearly slowed amid the markets’ preoccupation with Greek debt woes. Close to half of UK exports are destined for markets in the Euro-zone, making the economy highly sensitive to turmoil across the English Channel. Furthermore, sterling has often acted as a regional … Continue reading

alexis tsipras / dollar / euro / eurogroup / exchange rate / financial market / forex / GBP/USD / Greece issues / macroeconomic analysis / pierre moscovici / pound / Sterling / Yanis Varoufakis

Eurogroup Gives Greece Only Few Days to Sign Extension

Sterling was pushed higher against an under fire euro yesterday as talks between Greece and the Eurogroup failed to deliver a settlement on Greek debts, sending investors to sell the single currency. GBP/EUR burst through the 1.35 handle and if a settlement isn’t delivered by the end of the week, this currency pair could have legs. … Continue reading