Resilient Canadian Dollar Faces Week of Influential Data and Bank of Canada Policy Decision

Pound to Canadian Dollar forecast: Brexit end date approaches, what could happen to GBP/CAD...

Brexit continues to drive GBP/CAD rates with just 24 days until Brexit deadline The pound to Canadian dollar exchange rate is still struggling to move back to the higher levels seen in the last month with rates currently sitting at 1.639 for the GBP vs CAD pair. Brexit continues to be the big driver for GBP to CAD exchange rates with just 24 days to go until the 31st October Brexit deadline when Britain is expected to leave the European Union. It has been reported...
Pound to Euro forecast Will Sterling make further gains against the Euro next week?

Pound to Euro exchange rate forecast: Sterling rates continue to suffer from Brexit uncertainty

GBP/EUR exchange rates continue to suffer due to Brexit Uncertainty The pound to euro rate has hit a 23 month low this week. This can largely attributed to the higher probability of a no deal. The more likely a no deal is the potential outcome of Brexit the weaker you would expect sterling to become. Boris will now have difficulty passing through any changes in legislation as the Conservatives lost to the Lib Dems in the Brecon and Radnorshire by-election. Boris now only has the majority by...
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,...
Pound to Euro outlook Brexit Timeline, 25 days to Article 50 deadline

Pound to Euro forecast: DUP soften stance on Irish border making a Brexit deal...

DUP announce softening stance on Irish border: How has this affected GBP/EUR rates? The pound to euro exchange rate this week has increased and there has been further movement this morning with GBP/EUR interbank rates reaching a high of 1.11927 this morning. The movement may be because overnight the DUP appeared to have handed UK Prime Minister Boris Johnson a lifeline by stating they could take some EU rules in a bid to break the Brexit deadlock and potentially remove the Irish backstop. In addition,...
Brexit Withdrawal Bill Signed: What Now for the UK-US Trade Relationship and GBP/USD Rates?

Brexit Withdrawal Bill Signed: What Now for the UK-US Trade Relationship and GBP/USD Rates?

This week marked the signing of the Brexit withdrawal bill in the House of Lords, which was then further signed by the Queen, making Brexit UK law. The bill confirmed that the UK will leave the EU on January 31st with no exceptions. Many are now questioning what Brexit will mean for the UK going forward and how its relations will be with allies like the United States, particularly from a trade standpoint. What Has Already Happened Concerning Brexit, the UK and the US? The day...
Pound to US Dollar exchange rate supported after Gridlock in UK Parliament

Brexit Negotiations: The Key Players

Political leaders, maverick Leave campaigners and those involved in Brexit negotiations, who have been entrusted to steer the good ship Brexit through stormy waters: our departure from the EU is as much about the individuals who are shaping Britain’s future as the issues that got us here in the first place. So, who are key players in the Brexit saga? Those people who have been responsible for the entire timeline so far – from the announcement of the referendum and the commencement of the campaign...
Sigh of Relief for the UK as PMIs Work in Favour for GBP as Currency Holds Steady Against the Euro

Pound to Euro exchange rate remains flat as the markets await the next Brexit...

We're now just 23 days away from the UK's scheduled departure from the European Union, should the exit actually take place that is. At the moment the currency markets appear to be adopting a wait and see approach. The pound to euro exchange rate continues to gently slide with current interbank exchange rates sitting at 1.1142. Although the 31st is the expected date for the Brexit, it could be the 19th of this month that's more important and when we could see sterling exchange...
GBP to EUR Forecast: Sterling Trading Around 1.175 on the Interbank Exchange as the Pound Benefits From Positive Employment Data

Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain...

The pound to euro exchange rate is trading around a 2-year low at the time of writing after dropping into the 1.06's earlier this week. At the time of writing the pair sit at 1.0780 on the interbank exchange which is flat on the day, and it will be interesting moving forward to see whether the pair fall as low as the lows of 2009 when they almost hit parity. Reuters publish probability of no deal Brexit: Sterling continues to show weakness against other major...
Sterling vs Euro Interbank Rate Hits 39-Month High as Tories Win

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 exchange rate GBPEUR rate hits best level since early June

Pound to Euro exchange rate: GBP/EUR rate hits best level since early June

Pound to Euro rate hits 3 month high The pound to euro exchange rate has continued to strengthen hitting the best rate to buy euros with pounds since the start of June. Boris Johnson met with EU President Jean-Claude Juncker yesterday in Luxembourg and this saw the pound to euro rate hit 1.13. Johnson confirmed that talks between the UK and the European Union will now increase. He also claimed that he is committed to keep the Brexit deadline for the 31st October. According to...