• About Us
  • Authors
  • Currency Charts
  • Live Exchange Rates
  • Contact Us

Exchange Rate Forecast

Exchange rate forecasts and foreign currency news

  • British Sterling
  • Euro
  • US Dollar
  • Australian Dollar
  • Canadian Dollar
  • Brexit News
You are here: Home / Euro / Sterling rises against Euro

Sterling rises against Euro

May 5, 2016 by Rob Lloyd

Sterling rises against Euro

pound sterling strengthSterling found more strength this afternoon despite worse than expected data in the morning. There is more respite for people looking to purchase Euros before the referendum potentially creating false confidence of the dangers of a Brexit.

For all the doom and gloom that keeps being written about Sterling is still maintaining its position, giving people a good window to buy that holiday money as the season opens.

Banks begin to prepare for the Worst

Lloyds and Barclays have declared they are preparing for the major volatility in the run-up to the Brexit by making themselves liquid, essentially making sure they have funds. Lloyds have called in much of their funding requirements for the year in the first few months to make sure they are completely protected. Whilst this is not an overly surprising situation for a bank, it does show the level of preparation going into the potential uncertainty.

EU Growth Forecast Data Tomorrow

ecb meetingTomorrow the European Commission will release their latest growth forecasts which can cause major volatility. Many investors will be interested to see if there is any major change in the predictions for the year and if there is a downward change expect the GBP/EUR to move towards 1.28.

The EU has implemented a huge amount of fiscal policy changes in the last few months which will hopefully create a better economy. The ECB has used the most extreme measures to try to generate stimulus and if this doesn’t work, there is virtually nothing left that can be done. If you are looking to purchase Euro’s tomorrow could be the time.

Filed Under: Euro Tagged With: Brexit, EU Referendum

The information on this website is provided for information purposes only. It does not constitute advice to any person on any matter. Every reasonable effort is made to ensure that the information is accurate and complete but we assume no responsibility for and offer no warranty with regard to the same.

About Rob Lloyd

Robert brings with him a wealth of knowledge on what is impacting exchange rates, especially around the subject of the EU Referendum and the implications for Sterling and Euro exchange rates.

Recent Posts

  • Sterling finds support but unlikely to make any significant impact in the coming days May 9, 2018
  • US Dollar hits 5 month high against Sterling May 2, 2018
  • Sterling exchange rates at the mercy of political developments May 1, 2018
  • Pound weakens as political uncertainty once again raises its head May 1, 2018
  • Will Mario Draghi’s speech impact GBP/EUR? April 26, 2018

Live Exchange Rates

Archives




Copyright © 2021 — Currency.co.uk • All rights reserved. • Exchange Rate Forecasts • Privacy Policy •

We use cookies to ensure that we give you the best experience on our website. By using this site you agree to receiving cookies.I agreeRead Privacy Policy