Sterling rises 0.6% against the Euro as Brexit Party boost Conservative majority government probability

Sterling rises 0.6% against the Euro as Brexit Party boost Conservative majority government probability

Pound to Euro exchange rates have risen across the board of major currency pairs today, and in the process GBP/EUR hit a 6-month high making the prospect of converting Pounds into Euros a more attractive proposition. Nigel Farage to target 317 Labour seats in UK general election The reason for the gains can be put down to Nigel Farage's Brexit Party deciding not to contest previously Conservative held seats in the UK's upcoming general election. The election is scheduled for the 12th of December which is...
Pound to Euro Exchange Rate near 31-Month High, as Tory Majority Remains Likely

Pound to Euro exchange rate: Could Sterling make further gains against the Euro next...

The pound to euro exchange rate stands at 1.1629 today, just 0.17% below its recent 26-week interbank rate high, reached on October 21st, of 1.1649. In part, this is because markets think that there’s a low chance of a ‘No Deal’ Brexit. This is because all the UK’s main political parties, except for Nigel Farage’s Brexit Party, are campaigning on the basis of the UK exiting Europe with an agreement. Shifting polls: GBP to EUR rate might be affected by UK election campaign shifting polls Next...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

The pound to euro interbank exchange rate stands at 1.1624 today at the time of writing. This is just 0.21% below sterling’s recent 26-week high versus the Eurozone’s common currency, its strongest since May 8th. In part, this is because, although there’s still uncertainty over Brexit and the UK’s general election, the financial markets think that there’s a very low probability of a ‘No Deal’ Brexit. Meanwhile, looking to today, the Bank of England looks set to keep UK interest rates steady at 0.75%. That said,...
GBP to EUR exchange rate 3 month Brexit extension granted by the EU

GBP to EUR exchange rate: 3 month Brexit extension granted by the EU

The Pound continued to trade within the 1.15-1.16 interbank range at the end of last week as the market looks for its next move amongst some stagnant Brexit conditions. Today however, we have had further clarity on the extension being offered by the EU following the assertion on Friday that they will offer an extension but failing to confirm how long this extension would be. There has been little reaction by the Pound to this news. EU grants UK Brexit extension French President Emanuel Macron in...
Pound to Euro forecast How could the latest Brexit extension affect Sterling exchange rates?

Pound to Euro forecast: How could the latest Brexit extension affect Sterling exchange rates?

The pound to euro exchange rate had risen slightly late yesterday on the interbank market with rates currently sitting at 1.1561, at one point rates were as low as 1.1533, its weakest in over one week, or since Wednesday 17th October. Yesterday, the EU announced that it will extend the UK’s Brexit deadline, yet will only decide by how long early next week, once the UK Parliament has decided whether to hold a general election. Boris to call for election next week, will Corbyn support...
Sterling Declines Against the Euro as Concerns Grow over Hung Parliament

Pound to Euro exchange rate: Sterling slides against the Euro as Brexit extension looks...

The pound to euro exchange rate has slipped from its 1.16 pedestal this morning following further Brexit delays from the House of Commons. Holding steady around 1.1550 at the time of writing the pound is still holding above the key 1.15 support level but looking for direction amongst the Brexit smog. PM Boris Johnson pauses legislation for latest Withdrawal Agreement Boris Johnson’s government looked close to progress yesterday evening when his amended Withdrawal Agreement Bill received support in the Commons by a majority of 30 votes....
Brexit Pound to Euro exchange rate How will Sterling react to Brexit this week?

Brexit Pound to Euro exchange rate: How will Sterling react to Brexit this week?

The pound to euro rate is trading on the interbank rate at 1.1579, very close to some of the best rates for buying euros with pounds since May of this year. Parliamentary drama as Letwin amendment passes When the Asian markets begin trading shortly, we could see increased volatility as the currency market struggles to digest the developments this weekend. The developments include the passing of the Letwin amendment, which seeks to ensure Boris Johnson’s Withdrawal Bill has received parliamentary approval by the Lords before...
After the TV Election Debate

GBP/EUR Brexit special: Parliament votes for extension, how will Pound to Euro exchange rates...

In another twist and turn in the Brexit debate, MP’s in the British parliament yesterday voted for a extension, in defiance of Boris Johnson’s pitch of ‘his deal or no-deal’. This forced Boris Johnson to seek the extension for the EU as per the terms of the Benn Act and Boris has written his letter to the EU. Sterling exchange rates to experience volatility this week Pound to euro exchange rates which had risen to their highest since May on the interbank rate of 1.1660, could...
EU summit to influence the Sterling to Euro rates this weekend

Pound to Euro exchange rate: Sterling trading around 1.156 on the interbank ahead of...

Pound to euro exchange rate hits 22-week high on hopes of Brexit deal The pound to euro exchange rate has touched 1.1585 in the last day, its highest in over 22 weeks. In part, the GBP has strengthened versus the EUR, because it looks increasingly possible that a Brexit deal may be reached as soon as today. However, sterling’s value versus the euro could be affected, because it’s thought that Northern Ireland’s Democratic Unionist Party (DUP) may object to the draft Brexit proposals, while there are...
Pound to Euro forecast Will Sterling make further gains against the Euro next week?

Pound to Euro forecast: Will Sterling make further gains against the Euro next week?

The pound to euro exchange rate stands at 1.1473 at the time of writing, having been as low as 1.1090 on Friday. This is sterling’s highest versus the common currency in nearly 4 months. This is because UK Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar had a surprisingly fruitful Brexit discussions on Thursday. This prompted EU Chief Brexit Negotiator, Michel Barnier, to recommend that negotiations enter the final “tunnel” phase, ahead of next Thursday 17th’s EU summit. Next week, on Tuesday UK labour...