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To QE or not to QE? GBPEUR rates could fall further!

Thursday, October 6, 2016 10:14
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The Euro has strengthened against the pound as investors seek to sell off the pound and look to move their money into the Euro amongst others. Economic data for the Euro has not been great but with Mario Draghi and the European Central Bank (ECB) hinting they might be ‘tapering’ their Quantitative Easing (QE) purchases the Euro has found some support.

QE is the buying of bonds by a central bank and it causes a currency to weaken. The reduction or withdrawal in any program is however positive for a currency so QE can be a big market mover.

If in the future the ECB do scale back their QE then the Euro could rise further. This could cause more problems down the line for anyone looking to make a Euro purchase or sale since understanding the ECB’s actions is crucial to determining the next moves on GBPEUR and EURUSD. Some weeks ago investors speculated that the ECB would actually be expanding their QE program so what will it be?

If you need to buy or sell Euros we have many important data releases that will determine the likelihood of the next moves on the QE situation and therefore Euro rates. If you are looking to make a conversion why not get in touch with me so I can keep you updated on any news. Understanding the market is key to understanding what lies around the corner. If you would like to discuss anything please speak to me Jonathan on or fill in the form below.



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