Pound Sterling Forecast: Sterling’s Rise Against the US Dollar and Euro Continues

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...
GBPEUR: Will the Pound Bounce Back This Week?

Pound Sterling Forecast – Mixed Fortunes for Sterling Exchange Rates Reflecting Uncertainty Ahead

The pound has been particularly volatile this week, rising and falling as sentiment on the key topics at present, Brexit and the Coronavirus outlook, continue to shape not just attitudes to the pound, but also other currencies like the Euro and the US dollar. GBPEUR interbank rates have epitomized this volatility, rising and falling between 1.0946 and 1.1109 on the interbank exchange rate. Meanwhile. GBPUSD has also experienced volatility rising and falling between 1.2516 and 1.2766 in the last week. For clients interested in GBPAUD it...
GBPEUR: Will the Pound Bounce Back This Week?

Pound Sterling Forecast: GBP Falls as Prime Minister Hints at WTO Trade Arrangement

The pound to euro exchange rate fell further on Friday despite trading in a narrow range following the sharp fall in GBP value seen on Thursday. Those looking to buy euros have recently been presented with a small window of opportunity after a sustained period of little market movement for the GBP/EUR pair. Fears of a No-Deal Brexit Causes Pound Sterling to Lose Value The Brexit trade negotiations resume this week into the eighth round of formal talks following little to no progress in recent weeks....
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 Consolidates at 10-week High

Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

The pound to euro exchange rate finished last week in a strong position, finishing the week above 1.19 on the interbank rate of exchange. The pound benefitted from the lack of any interest rate cuts by the Bank of England at their latest interest rate decision meeting. Sterling also appeared to find some favour as the UK left the EU Friday night, as it underscored that yes, Brexit is happening and removed some of the uncertainty. The euro also lost some ground on Friday as...
Pound to Euro Exchange Rate: Will Sterling Continue to Climb?

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: What's Moving the Rates this Week?

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 Consolidates at 10-week High

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...
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...