GBP/EUR - Pound to Euro forecasts
The GBPEUR exchange rate is 0.30% higher after a strong morning with the British Pound boosted by the latest GDP update.
The pound to dollar rate, which was languishing near two-month lows on Monday morning, soon recoiled from this unwelcome position as England began to reopen.
The GBPEUR exchange rate bounced from the 1.15 level on Monday to trade at 1.1555 after today’s growth update.
GBP/USD - Pound to US Dollar forecasts
The pound to dollar rate spent the majority of last week tumbling from the two-week high it touched on Tuesday, having edged above the 1.39 benchmark.
The pound to dollar rate continued its descent from Tuesday’s two-week high yesterday – dropping to 1.37.
The pound to dollar rate began the week by breaking through the 1.39 resistance level for the first time since 19 March.
GBP/AUD - Pound to Australian Dollar forecasts
The AUD to GBP exchange rate was trading higher on Wednesday as fears over the virus and lockdowns have outweighed any positive sentiment on the Brexit deal. The UK Parliament will vote on Boris Johnson’s deal later on Wednesday and the deal is set to pass as...
The AUD rate has weakened against EUR and GBP this morning after the Australian government announced the deadliest day yet of the Coronavirus pandemic, but we could see Sterling tail off with the announcement this morning that the UK has officially entered a recession. Earlier this week it...
The pound sterling forecast struggled yesterday and into today owing to the continued uncertainty of a no-deal Brexit. The outlook for the UK-EU negotiations has not been particularly favourable with lots of reports suggesting that the two sides are very far apart. Sterling fell yesterday as this news...