Brexit Trade Talks Send Pound to Euro Higher

Brexit Trade Talks Send Pound to Euro Higher

The UK and EU have edged closer to a Brexit trade deal following high level discussions by UK prime minister Johnson and senior EU leaders, sending pound to euro and pound to dollar rates higher. Pound to euro pushed through 1.12 before easing back to 1.1150 by close of play and pound to dollar neared 1.27 before falling back to just below 1.26. Both the UK and EU confirmed there would be no extension beyond the current transition period but committed to a series of...
Pound to Euro Exchange Rate Vulnerable After Latest Brexit Talks Reach a Stalemate

Pound to Euro Exchange Rate Vulnerable After Latest Brexit Talks Reach a Stalemate

Sterling finds itself in a very vulnerable position. It is not just Covid-19 the pound has to contend with, there is also the small matter of Brexit. Time is running out to get a deal over the line with Boris having only until the end of the month to call an extension on talks, which is something he has adamant he will not do, causing pound to euro exchange rate to move lower There are still some key points of contention such as fisheries...
Brexit Trade Talks Send Pound to Euro Higher

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...
Pound to Euro Under Brexit Spotlight

Pound to Euro Under Brexit Spotlight

The UK and EU will begin their 4th and final round of Brexit talks tomorrow before the UK must decide whether to request an extension to the current transition period, which is due to end on the 31st January 2021. Previous negotiations between the UK and EU have seen little progress with both the UK and EU refusing to compromise on their red lines. Whilst the UK has until November this year to agree a trade deal with the EU, the UK only has...
Pound to Euro Exchange Rate Gains Almost 1% Yesterday

Pound to Euro falls on Brexit Concerns

As Brexit trade talks approach, investors’ concerns that the UK and EU will not reach a deal are being reflected in a weaker pound to euro and pound to dollar. Pound to euro is trading at 1.1095 and pound to dollar at 1.2330 following spikes to 1.1257 and 1.2360 earlier this week. UK Chief Brexit Negotiator David Frost said that the EU must change its position if a deal is to be reached as the current EU mandate is not one that the UK can...
Pound to Euro Exchange Rate Down More Than 1% at Week End

Pound Sterling Forecast: Will the Pound Weaken Further? 

With GBPEUR exchange rates having dropped from an interbank exchange rate of 1.15 towards the end of April down to a rate in the 1.11s at the time of writing this article, many of my clients are asking me about the Pound Sterling Forecast, and whether or not the pound could weaken further still? Add into the situation a 4 cent drop for GBPUSD (1.26 to 1.22) and a 9-cent decline for GBPAUD (1.95 to 1.86) and sterling exchange rates really have had a rough...
Will Pound to Euro Fall to 1.02 in Coming Weeks?

Will Pound to Euro Fall to 1.02 in Coming Weeks?

With so many now betting against the pound, the question seems to be how much will the pound fall by, rather than if the pound will fall. Whilst the pound received some welcomed support last week, many still expect pound to euro and pound to dollar to target much lower levels over the coming weeks. Karen Jones, Head of Technical Analysis for currencies, commodities and bonds and Commerzbank thinks pound to euro will target 1.1037 shortly, and technical analyst colleague Axel Rudolph is looking for...
Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...
Pound Sterling Forecast – How will GBP perform in August?

GBPEUR Rate: Could MP’s Bullish Stance Regarding Brexit Push the Pound to Euro Rate...

The pound has begun to tread lower against the euro today and also during yesterday afternoon, as the message from the UK MP’s is that the deadline for Brexit remains intact. No News of Brexit Extension Causes GBP Weakness Some had hoped that there would be a delay to Brexit, or at least an extended deadline date for negotiations and for the deal to be in place owing to the pause in business globally due to the coronavirus. These hopes have been dashed recently though after...
Pound to Euro Exchange Rate Surges Higher on Brexit Optimism

Sterling – Euro Exchange Rates Remain Range Bound on a Quiet Day for Economic...

Yesterday the sterling to euro interbank exchange rate remained in a tight range, with a difference between the high and low for the day merely being 0.41%. The high of the day posted at 1.1508 and the low 1.1461. The GBPEUR rate appears to be at level of resistance and a pivotal point at 1.15, with very little for the market to feed off of today we saw little deviation either side. As the week progresses the economic data does heat up a little...