Pound to Euro Falls as Further COVID Restrictions Announced

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 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...
GBP EUR Exchange Rate: The Week Ahead October 3rd

Pound to Euro Forecast: GBPEUR Rate Higher on Positive Brexit Progress, Could There Be...

Pound Sterling rates have ended the week slightly higher against the Euro compared to the start of the week following positive comments and news surrounding Brexit negotiations, but have struggled against USD with global uncertainty amid new lockdowns resulting in a flight to safety for investors. Sterling has gained in value by just over 0.5% against EUR compared to last week and comments yesterday evening from President of the EU Commission, Ursula Von Leyen, look to have compounded these gains as we head into 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...
GBP EUR Exchange Rate: Week in Review October 23rd

Pound to Euro Rate Remains Vulnerable

Sterling to euro exchange rate remains fragile due to a number of determining factors. The pound is rarely the destination of choice during times of global economic uncertainty. This can be attributed to the huge imbalance between imports and exports. The pandemic has also caused huge damage to the UK economy, but of course other nations are suffering similar problems. Sterling Hampered by High Risk of No-deal Brexit It seems the key market mover is Brexit with talks being problematic from the outset. Many believed...
GBP EUR Exchange Rate: The Week Ahead October 3rd

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...
GBPEUR Bounces on the Day with Limited Data Due

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...
Pound to Dollar Rate Pares Losses

Pound to Euro: Further Lockdown Measures and Brexit Negotiations

Will the U.K head into another lockdown? This morning at 11am professor Chris Witty is due to address the nation in what is expected to be a stark warning about the months ahead, and to summarise the position that we are currently in with the covid-19 pandemic. Expectations are that later this week Prime Minister Boris Johnson is also due to follow up with new restrictions and plans for taking on the pandemic and attempting to stem the growing number of cases throughout the U.K at...
Pound to Euro Starts the Week off Steady

Pound to Euro: COVID-19 Fears and Brexit Talks Weigh on GBP

The pound to euro and US dollar rate is once again under pressure, as global sentiment appears to be in decline and the risks of a second wave of Coronavirus appears to also be rising. This has caused the pound to euro to fall to its lowest level since the third of March and at the moment there is little to be optimistic about Sterling. The GBPEUR exchange rate has dropped below 1.10 on the Interbank level on Friday and has now touched the inverse rate...