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The British Pound is predicted to appreciate in value against the Euro over coming weeks by a number of foreign exchange strategists with suggestions levels may even hit 1.25 not being discounted. The calls come at a time of increased volatility in currency markets that saw the Pound fall sharply…

GBP The Sterling focus was squarely on political rhetoric from the UK and Europe yesterday. Following Theresa May’s last Prime Ministers questions the pre-planned ministerial resignations were accompanied by a few unexpected resignations as the Johnson administration started it’s first 100 days. Sajid Javid joined the Cabinet as Chancellor raising expectations…

Budgeting is never easy, even in just one currency. When you throw in two, three, or even four currencies, plus the volatile foreign exchange market, budgeting can be a nightmare. This goes for all industries, but the creative industries, in particular, aren’t discussed very much and are quite unique in…

You may not have been aware of the existence of the SEPA system, but it you’ll be glad that you’ve heard about it now. It is a cheaper way of transferring Euros within EU, Monaco, San Marino and EFTA countries. Here’s how it works. Introduced as a part of EU…

Technically, the Greek parliament missed its deadline to vote through the changes necessary to meet the onerous demands of the current bailout offer. However, after a painful parliamentary session, at some minutes past midnight (the theoretical deadline) Greek MPs voted in favour of the ‘prior actions’. During the pre-vote session…

Late on Friday night, Greek Prime Minister Alexis Tsipras surprised the markets by announcing a referendum on the Greek bailout negotiations. In a speech that was broadcast live on Greek television, he announced that the referendum would be held on July 5th. Press reports indicate that the Prime Minister promised…

With no less than 12 individual measures of UK inflation being released at 9.30am this morning, GBPs direction for the day will be established early. Recent inflation measures have disappointed the market which likes to see a figure closer to 2% (rather than -0.1% we saw from one of the…

Yesterday was dominated by the UK retail sales, which were stronger than expected, with the trend just shy of 5%. In theory this would add weight to the argument for an interest rate rise. Despite this, some economists have pushed back their forecast for the first rate hike from Q4…

Today we have minutes from the Bank of England’s last monetary policy committee (MPC) meeting and the same from the Federal Open market Committee in the US. The markets will be analysing the texts for clues on interest rate directions in the respective countries. Despite GBP’s apparent strength against EUR,…

GBP saw its sharpest climb vs EUR for nearly six years, rising over 2% to clear €1.3820 after exit polls showed the Tories would take at least 316 seats out of a possible 650. The Pound also rallied by 1.75% against the US Dollar to break the 1.5500 level, a…