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Sterling versus Euro
Andy Hubner
Posted: 20 September 2010 11:12:26(UTC)

Joined: 24/10/2008(UTC)
Posts: 2

Why is it that when four major countries within the Euro mechanism (Greece, Spain, Portugal and Ireland) are struggling economically that the pound sterling still appears to be weaker against this currency?
Deborah Hyde (Citywire)
Posted: 22 September 2010 14:52:14(UTC)

Joined: 10/06/2010(UTC)
Posts: 36

Was thanked: 3 time(s) in 1 post(s)
Hi Andy,

There are a couple of reasons why the pound isn't benefitting from the weakness of the economic woes in peripheral Europe, namely because we have problems of our own but also because the economy is being propped up by the massive stimulus from the Bank of England.

Add to that the fact that the euro also benefits from the economic powerhouse that is Germany and that there are signs the Bank of England is ready to do more which could push down sterling and there are few reasons to believe the pound will strengthen against the single currency.

Anyway, we liked your question so much we made a video about it....which you can see here:
3 users thanked Deborah Hyde (Citywire) for this post.
Mike L on 11/08/2017(UTC), Guest on 30/12/2017(UTC), John Miskelly on 27/03/2018(UTC)
Posted: 21 April 2017 07:10:04(UTC)

Joined: 09/10/2016(UTC)
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Is pound ready for strong rebound? As I thought it may be year for pound as well.

Is snap election a game changer for pound?

Posted: 24 April 2017 17:12:28(UTC)

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or perhaps the French Election will be the game changer for the pound
Posted: 24 April 2017 21:29:15(UTC)

Joined: 12/04/2015(UTC)
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Game changers are out unless there is a major hit from an event. No positive event has the potential to be a game changer.
£, € and $ all subject to volatile emotionally driven politics, so just expect volatility. If you are happy to be brave sell the currency that's a bit high and buy the one that's cheapest. Fears tend to be too high and will bounce back. If 'the worst' actually happens, it will take longer to bounce back. Big genuine risk in Europe is the Italian election. Really good times for currency traders.
Posted: 24 April 2017 21:33:30(UTC)

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Removing double post.
Clinton Lee
Posted: 15 July 2017 23:16:05(UTC)

Joined: 13/07/2017(UTC)
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Over the last week EURGBP took a bit of a dive. In fact, it keeps taking peeks above 0.88 and doesn't seem to like it up there. It has tried that level several times this year.

Brexit talks are, of course, going to make this pair particularly volatile as news, rumour and fake news hits the wires. I'm staying away from EURGBP for now.
Posted: 28 July 2017 09:24:24(UTC)

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john jacob
Posted: 11 August 2017 09:17:06(UTC)

Joined: 11/08/2017(UTC)
Posts: 3

How do you guys see currently GBP/EUR?
North Star
Posted: 11 August 2017 10:24:44(UTC)

Joined: 22/05/2014(UTC)
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Morgan Stanley are forecasting parity EUR/GBP in 2018. See BBC business live.
1 user thanked North Star for this post.
AJW on 11/08/2017(UTC)
Steve Carell
Posted: 16 October 2017 13:23:25(UTC)

Joined: 30/09/2017(UTC)
Posts: 10

Is the Morgan Stanley authority?
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