CurrenciesFor You Spain

23/06/2025

‘Markets on Edge as Geopolitical Tensions and Economic Data Fuel Volatility’

The markets endured yet another week of heightened volatility, driven primarily by escalating geopolitical tensions. After weeks of speculation, President Trump ordered anticipated military strikes targeting Iranian nuclear facilities, confirming direct U.S. involvement in the ongoing Middle East conflict.

Over the past two weeks, investors and analysts have been debating whether the U.S. would become actively engaged, and now the uncertainty has lifted, replaced by fresh concerns about the conflict’s duration and implications. It’s well known that the Republican party is reluctant to support prolonged military engagement; thus, it’s likely the President will seek a rapid conclusion to avoid derailing domestic political objectives.

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11/11/2024

Last week was probably the biggest week of the year on financial markets with Trump winning the US Presidential Election, the Bank of England cutting rates by 25 bps and the Fed also cutting rates by 25 bps. The aftermath of these events has resulted in a strong Dollar, strong Pound and a weak Euro- this was also heavily contributed by the issues with Germany’s government. The BoE is now not expected to cut rates until February where as the Fed will look to cut rates again in December. However, a Trump Presidency will be strong for the US Dollar as it was in his previous term due to potential tariffs being placed on other countries, so this will be worth keeping in mind over the next couple of years during his term.

Monday is a relatively quiet day as it is Veterans Day/Armistice Day, so the real releases begin on Tuesday- with UK employment numbers being released at 7am- the UK job market is currently in focus given the BoE and UK Government’s latest moves in both monetary and fiscal policy- any negative change will hit the Pound hard, however leading up to Christmas we usually find that the job market gets stronger with part time work increasing.
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05/11/2024

28/10/2024

Sterling has managed to keep just above 1.20 against the Euro, Interbank rate, but unfortunately slipped below the 1.30 handle against the Dollar. Following a relatively quiet week we saw pretty sideways price action now leading into a pretty busy week going into November- which is expected to be a volatile month.

The only relevant data release this week is on Tuesday, where we have UK mortgage approvals in the morning which is expected to be lower than last month, this is unlikely to affect anything, as rates are expected to be cut again and many people are holding out for lower rates before applying for mortgages.

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26/09/2024

05/12/2023

The GBP/EUR rate seems to have stalled out of it 2 week run for the moment, settling at just under 1.17. Eyes are now on whether it will rest and then make a run for the 1.1720 area last seen in early September. The Euro is still under pressure with Investors remaining skeptical that the ECB will be able to achieve a desirable rate of price growth within a reasonable timeframe. The ECB are hoping for inflation to cool to 2% sooner rather than later.
October’s Eurozone Retail Sales is due today and is forecast to see a slight improvement.
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30/11/2023

Good Morning all! If you have been hanging on to transfer your Sterling, now would be a good time!
-The Euro continues to weaken but is likely to bottom out soon, GBP/EUR has just peaked at 1.16 interbank for the first time since early October.
The EUR/GBP is extending its ongoing bearish momentum and set for a sixth straight day of declines as the Euro continues to give up ground to the Pound Sterling and looks likely to close at a month low at the end of the week, which could push GBP/EUR towards the 1.16-1.17 area.
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27/07/2022

Thank you for the lovely comments Sian & Mark Harvey and David Savage, always such a pleasure 🙂