GBP EUR Fails to Spark with German Inflation on Target

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

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...
Pound Euro Exchange Rate: Risk of Volatility on No Deal Brexit

Pound Euro Exchange Rate: Risk of Volatility on No Deal Brexit

The pound to euro exchange rate was still holding the 1.100 level but there is a big risk of volatility into the weekend as talk of a No Deal Brexit returns. GBP v EUR was trading at 1.1030 after a dip lower over the last two days but the path ahead today will still hinge on headlines from Brussels. Mood Sours on a Deal as Talks Continue Michel Barnier, the EU Chief Negotiator told a meeting of EU ministers that a no-deal scenario at the...
Crunch Time for Brexit Talks, How Could the Discussions Impact GBP Exchange Rates?

Crunch Time for Brexit Talks, How Could the Discussions Impact GBP Exchange Rates?

The pound to euro exchange rate got off to a poor start at the beginning of this week as the reality of the Brexit talks reaching their final stages has sunk in. GBP to EUR exchange rates dropped below the key 1.10 handle providing euro sellers with a good opportunity to take advantage of, and the pound to US dollar exchange rate also dropped despite the US dollar weakening against most other major currency pairs. Brexit Deal Hopes Kept Alive as PM Boris Johnson is...
Pound Sterling Exchange Rates Drop as No Deal Brexit Chances Heighten

Pound Sterling Exchange Rates Drop as No Deal Brexit Chances Heighten

GBP has had a bad start to the trading week against all major currencies, with pound to euro exchange rates hitting a 2 ½ month low and the pound having also dropped at least 1% against all other major currencies at the time of writing. It does feel that sentiment has turned in the favour of no deal Brexit and there were various reports this morning suggesting that UK Prime Minister Boris Johnson was ready to walk away from the trade talks and push on...