“Called off” Brexit Trade Talks Ends Pound to Euro Rally

What is Brexit?

Any mention of Brexit is enough to up our anxiety levels, as experts inform us that economic growth, employment and trade could suffer. In fact, the whole issue is as confusing as it is worrying. So much so that most people would probably prefer to discuss astrophysics than try to explain Brexit. As the negotiation process rumbles on and 29 March 2019 draws ever closer, key issues remain unresolved: UK-EU borders, customs arrangements, free movement of people... the list goes on. For the pound –...
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...
Where Will Pound Sterling Exchange Rates Head This Week?

Pound to Euro rates stuck under 1.12 as investors wait for substantial news on...

Recession and Bank of England interest rate fears The pound to euro exchange rate has been rangebound, operating in a fairly narrow band, as the market awaits some more concrete news regarding the latest outlook on Brexit. Brexit remains the main source of discussion for the pound although other factors have captured headlines too in recent weeks, including the prospect of the Bank of England cutting interest rates, and also whether the UK is headed for recession. Welcome rates for Euro sellers This is great news for...
Pound to Euro Under Pressure; When Will this Improve?

Pound to Euro forecast: All eyes on Boris

Boris in the headlines Much of the news this weekend has centred on the row between prospective Prime Minster Boris Johnson and his girlfriend Carrie Symonds last week which blew up when police were called to the scene after neighbours recorded the argument and contacted the police. The development is topical and relevant for the for GBP vs EUR pair as some will argue it could reduce Boris Johnson's chances of becoming Prime Minster. Others state the fact that the argument shouldn't have been recorded...
Pound to Euro Under Brexit Spotlight

Pound to Euro Under Brexit Spotlight

The UK and EU will begin their 4th and final round of Brexit talks tomorrow before the UK must decide whether to request an extension to the current transition period, which is due to end on the 31st January 2021. Previous negotiations between the UK and EU have seen little progress with both the UK and EU refusing to compromise on their red lines. Whilst the UK has until November this year to agree a trade deal with the EU, the UK only has...
Pound to Euro Exchange Rate Vulnerable After Latest Brexit Talks Reach a Stalemate

Brexit timeline – Key Brexit dates and events

Updated: 7th March 2019 Join us as we take a journey along the Brexit timeline, highlighting the key Brexit dates and events that have impacted the pound the most. Cast your mind back to July 2015 – these were halcyon days for the pound, which hit a seven and a half year high (€1.44) against the single currency. Holidaymakers and overseas property buyers were left rubbing their hands together, blissfully unaware that the Brexit vote was less than a year away. Back then our departure from...
GBPEUR Rates: UK Remains in Lockdown and the Impact on Pound to Euro Exchange Rates

Pound to Australian Dollar forecast: GBP/AUD volatility expected as UK Parliament looks set to...

Pound to Australian Dollar movement expected as Parliament is set to resume on September 3rd The pound to Australian dollar exchange rate is holding on to its recent gains with rates for GBP vs AUD sitting at 1.8140. After the hot UK bank holiday weekend, the markets will now focus on all the latest Brexit developments this week with political fireworks expected as we approach the 31st October Brexit deadline. High volatility is to be expected for GBP to AUD exchange rates as parliament will...
Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

GBP to EUR Rate Rockets Following Huge Conservative Election Majority

Hopes that the Conservatives could win the majority they needed “to get Brexit done” caused the pound to strengthen by about 2% during the six-week campaign period. Having edged over €1.19 against the euro during election week, for the first time since May 2017, the pound’s upward march has gathered pace in the wake of the Conservatives huge victory. Sterling Reacts Positively to Conservative Majority Government In the immediate aftermath of his triumph, Mr Johnson stated that the result meant the Conservative government "has been given...
Pound Sterling Rates Rally on Month End Flows

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...
Pound to Euro Exchange Rate Surges Higher on Brexit Optimism

Sterling – Euro Exchange Rates Remain Range Bound on a Quiet Day for Economic...

Yesterday the sterling to euro interbank exchange rate remained in a tight range, with a difference between the high and low for the day merely being 0.41%. The high of the day posted at 1.1508 and the low 1.1461. The GBPEUR rate appears to be at level of resistance and a pivotal point at 1.15, with very little for the market to feed off of today we saw little deviation either side. As the week progresses the economic data does heat up a little...