The pound has hit 1.25 against the euro this past week, its highest rate since Oct 2008, as Spain struggles to get to grips with its banking sector and Greece contemplates a euro exit. So what next for the continent in crisis, and the exchange rate? Here is my latest update of the British pound to euro exchange rate, covering [...]
Euro to Decline on Austerity Backlash?
The backlash against austerity has begun, following the victory of Socialist Francois Hollande in Round One of the French presidential contest this weekend. So what next for Europe, and the euro? What next for Europe? This question has quite suddenly gripped the markets in the last day or two, following events that have apparently reduced the edifice of European austerity [...]
Euro Dips as Spain Faces Bailout
The pound has continued its climb against the euro, as speculation Spain will need external aid reaches fever pitch. There’s no doubt then: the slow motion car crash that is the Eurozone debt crisis is back with us. Furthermore this time it’s centred on Spain, where this week yields on government bonds (a good indicator of market confidence) breached the [...]
Pound to Euro Hits 19-Month High on Spain Doubts
The pound has hit its highest point against the euro since August 2010 this week, as markets react to Spain’s deficit cutting measures with incredulity. Welcome to my account of changes in the foreign exchange rate in the past week, covering the 3rd to 10th April 2012. Is the dragon (that is, the European debt crisis) set to re-awaken? Judging [...]
Euro Sinks as Spain Begins Its Budget Cuts
Welcome to my weekly account of changes in the pound-to-euro exchange rate, covering 27th March – 03rd April. This is intended as a guide to what’s been affecting the exchange rate this past week, whether you’re relocating to Spain or sending funds back to the UK! The euro has lost a lot of ground this past week, bringing the pound-to-euro rate [...]
Euro Edges Up despite Setbacks in Spain, including the General strike in Spain
Welcome to my weekly account about changes in the UK pound to euro foreign exchange rate, covering 20th-27th March. The euro has crept up just half a percent against the UK pound this week, bringing the GB/PEUR rate to 1.1950 at the time of writing. This means that the pound-to-euro has hovered close to 1.20 for a full three months [...]
UK Pound to Euro Strong on Osborne Budget Bounce
It has been another helter-skelter week for the foreign exchange rates, as the UK pound remains at an impressive 1.20 against the euro. Welcome to my weekly account of changes in the UK pound-to-euro exchange rate! This updates covers 14th-21st March 2012. The UK pound has stuck fast to 1.20 against the euro this week, at the ceiling of the 1.1750-1.20 range [...]
Pound to Euro Exchange Rate Falls as Greece Secures Bailout
Here is my weekly update regarding changes in the UK pound-to-euro exchange rate this past week: The UK pound had shed a cent and a half against the euro since March 6th, in large part on reports that Greece has secured its critical €130bn bailout, while in the UK there is growing concern about a lack of economic direction in [...]
UK Pound Pulls Ahead as Madrid Squares Off Against Brussels
Here is my latest update regarding changes in the pound to euro exchange rate this past week. The pound has gained 2.65% against the euro this past week, as the Eurozone debt crisis takes another turn for the worse. For one, Spanish Prime Minister Mariano Rajoy is defying Brussels concerning agreed spending cuts, just weeks after signing over economic sovereignty [...]
Euro gains as ECB initiates second loan scheme
Here is my latest update regarding the pound to euro exchange rate as of the 29th February 2012. The pound has lost two cents against the euro this past week, putting it in the 1.1850 area. This might sound like a significant decline, but in fact the pound has been moving against the euro inside a two cent range (coming as high as 1.2030 [...]
Is the Euro Set to Slide as Europe Faces Recession?
Europe contracted –0.3% in the last three months of 2011, bringing it close to technical recession. Is this going to be reflected in euro weakness? Is the euro about to slide? It looks increasingly possible at the moment, as economic data shows Europe is drawing closer to recession. The continent as a whole declined –0.3% in the last three months of 2011, as [...]
Britain Set To Dodge Double Dip
Double dip? What double dip! In spite of the recent downturn in growth, the UK looks set to avoid a second recession, setting up sterling for gains. You might not realise it if you’re still living in the UK (I’m writing from Madrid) but the negative atmosphere among journalists and pundits in Britain is overpowering. For instance, following reports that [...]
Euro Rising But Greece Pays The Price
The euro has gained this week, suggesting the markets are feeling increasingly calm regarding Europe. Greece though has been getting it in the neck. “Oh – to be anything but a Greek politician!” This is the thing Greek prime minister Lucas Papademos must be telling himself this week, as EU officials continue to pile on the spending cuts Greece must [...]
The Euro, stable Currency or Hot Potato?
It’s been a week of ups and downs for GBP/EUR exchange rate! Each day has bought news that has set the rate diving and climbing, swinging between 1.19 and 1.20. Of course, if you’re someone that doesn’t pay much attention to currency exchange rates, it might look like not much has happened! But in fact, these wild swings reflect market nervousness at events in Europe that [...]
Euro exchange rate and money transfer to Spain
Is the euro bouncing back – or set to meltdown? In the past fortnight the pound and US dollar hit 12 month highs against the euro, reaching 1.21 and 0.79 respectively. Since then the euro has clawed back ground. But is this the start of euro resurgence, or a last gasp – preceding terminal decline? Watching the crisis in Europe play [...]


















