Pound to Euro Gains After Weaker German Retail Sales

Pound to Euro Exchange Rate Gains as Brexit Deal Passes Parliament

The pound to euro exchange rate was higher into Thursday after Boris Johnson’s Brexit deal passed Parliament with hours to spare. The agreement moved to the House of Lords, which approved the deal late on Wednesday, just one day before Britain is set to leave the European Union. The GBP to EUR rate was trading 0.20% higher at 1.1090 after seeing support at 1.1000 yesterday. Brexit Deal Finally Moves on From UK Politics The signing of the deal ahead of the end of the transition phase today...
GBP AUD Consolidates with UK Employment Due

AUD to GBP Rate Higher as Virus Outweighs Brexit

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 Labour party and Johnson’s own party hardliners have said they will support the deal. AUDGBP was trading at 0.5650 early on Wednesday and the pair may want to test the previous highs at 0.5720. China Trade Spat Still...
GBP USD Exchange Rate Retreats Toward Two-Year Lows  

Pound to Dollar Rates: Pound Hamstrung by “Thin” Post-Brexit Deal

The festive season is typically a quiet period for markets. This year had potential to be an exception to the rule after the UK and EU finally struck a post-Brexit free trade deal on Christmas Eve. Instead of rocketing to multi-month highs, however, the pound to dollar rate shrugged its shoulders at the news following an initial rally – and the reason for its unenthusiastic response and subsequent slide lower was simple: the contents of the deal is not considered a game-changer for the...
GBP EUR Could Head Lower After Growth Revisions

Pound to Euro Rate Holds Steady Ahead of Parliament Brexit Vote

The pound to euro exchange rate was quiet in early trading on Wednesday as traders await the UK Parliament’s vote on Boris Johnson’s Brexit deal. Pound bulls have been disappointed by the lack of gains on the Brexit deal and this has led to some profit taking and weakness in the quiet holiday trade environment. Today’s Nationwide house price data saw prices rising to their biggest annual increase in six years. The GBP to EUR rate was trading at 1.1025 ahead of today’s vote in Parliament....
Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

Christmas came early for the pound after London and Brussels finally struck a Brexit deal on Thursday, just a week before Britain’s official separation from the bloc at the end of the year. European Commission President, Ursula Von Der Leyen tweeted: "We now have a fair and balanced agreement with the UK. It will protect our EU interests, ensure fair competition and provide predictability for our fishing communities. Europe is now moving on." While Boris Johnson said: "We have taken back control of our laws...
EURGBP Extends Post-Brexit Deal Gains

EURGBP Extends Post-Brexit Deal Gains

The EUR to GBP exchange rate held onto its post-Brexit trade deal gains with a move to 0.9075. The pair is seeing some profit-taking after traders were disappointed with the lack of a sterling rally following the agreement on the UK’s exit from the European Union. The deal has not been formally approved by both Parliaments and investors may be on the sidelines but the talks have been going on for weeks and all scenarios would have been accounted for. The bearish tone will have...
Pound to Euro Gains After Weaker German Retail Sales

Pound Sterling Highest Performing Major Currency of the Day as Brexit Talks Continue

Sterling exchange rates have surged over the trading day as the markets digested another extension to the deadline as both the UK and EU have decided to continue trade talks and both sides seem like they are heading closer to a deal. Sterling Recovers from Last Week's Losses The pound dropped towards the end of last week as traders started steering clear of the pound due to concerns over a no deal Brexit being announced on the weekend. Those concerns were lifted over the course of...
Pound to Euro Rallies After Brexit Talks Extended

Pound to Euro Rallies After Brexit Talks Extended

The pound to euro rate rallied in early Monday trading, gaining more than a cent, after the week began with another extension to deadline talks. The GBPEUR was trading above the 1.1020 level again after Boris Johnson and Ursula Von Der Leyen agreed to, “go the extra mile”. The news will dominate trading for the day ahead of the UK unemployment data on Tuesday. Another Brexit Deadline Passes Without Any Obvious Progress Sunday’s “cliff edge” Brexit deadline has passed after the two sides agreed to continue the...
GBP USD Exchange Rate Rebounds Above 1.31

Pound to Dollar Rates: No-Deal Nerves Intensify for Pound

The pound to dollar rate ended last week by plunging into 1.31 territory for the first time since mid-November, before settling back above the 1.32 level. A jaded pound was winded by comments from Prime Minister Boris Johnson, who said a no-deal Brexit looked "very, very likely". Having taken a tumble in the wake of the gloomy outlook, the pound’s fall was broken slightly when the German and Irish foreign ministers said an agreement between the UK and the EU was still on the...
Pound Sterling Outlook: Will the UK and EU Strike a Trade Deal and How Will GBP Perform?

Pound Sterling Outlook: Will the UK and EU Strike a Trade Deal and How...

It is just 23 days until the 1st January when the UK will have officially exited the current transitional phase where all existing rights and obligations the UK has as a member of the EU will cease. Pound to euro interbank exchanges rates currently sit at 1.111 having gained close to a cent in value as Boris Johnson heads to Brussels for trade deal talks with Europeam Commission President Ursula Von Der Leyen. Brexit has been one of the most turbulent events in recent memory...