GBP EUR Gains on Goldman Sachs Rate Outlook

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...
Pound to Dollar Rate Plummets as Investor Confidence Wanes

Pound to Dollar Rates: Pound Hamstrung by “Thin” Post-Brexit Deal

The festive season is typically a quiet period for markets. This year had potential to be an exception to the rule after the UK and EU finally struck a post-Brexit free trade deal on Christmas Eve. Instead of rocketing to multi-month highs, however, the pound to dollar rate shrugged its shoulders at the news following an initial rally – and the reason for its unenthusiastic response and subsequent slide lower was simple: the contents of the deal is not considered a game-changer for the...
Pound to Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

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...
Pound to Dollar Rate Drops to One-month Low

Pound to Dollar Forecast: Brexit Uncertainty Weighs on GBPUSD Rate

Why is the pound falling? One word: Brexit Brexit has become the driving force for the pound in recent weeks. So, with trade talks still stalling ahead of the 31st December deadline, it came as little surprise that the pound to dollar rate was feeling the pressure late last week. This was exacerbated by media reports that the EU’s chief Brexit negotiator, Michel Barnier would cancel his planned trip to London on Friday unless the UK was willing to offer concessions – causing the pair...
Pound to Dollar: Pound Slides as Brexit Talks Flounder Over Fishing

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 –...
GBPEUR: What to Expect from the Bank of England

Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...
GBP USD Rangebound Amid Interest Rate Speculation

Pound Sterling exchange rate falls to 1.12s against the Euro on latest Brexit developments,...

Sterling weakens against the Euro The pound to euro exchange rate continues to fall after the EU cancelled weekend Brexit talks. The current GBP/EUR interbank exchange rate sits at 1.1215. The EU leaders delayed the talks as they claimed that Boris Johnson's plans 'do not provide a basis' for a deal. We are now just less than two weeks before the next EU summit. As of yet, a deal is still to be agreed between the two parties. Boris Johnson appears to want a change to...
GBP EUR Exchange Rate: The Week Ahead October 3rd

Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

The pound to euro exchange rate was 0.20% lower in early European trading as Brexit talks come down to the wire. Negotiators are running out of time to secure an agreement and any deal would still have to be approved by the EU27 countries and European and UK politicians. The GBP v EUR was trading at 1.1055 after highs of 1.1275 at the end of November. The euro also faces a big week with the European Central Bank interest rate meeting on Thursday. Brexit Hopes...
ECB interest rates and Brexit update

Pound Euro rates – ECB interest rates and Brexit update

Pound improves against the Euro The Pound has managed to remain firm against the Euro this week as it appears as though Boris Johnson is changing his tone towards a deal with the European Union. Earlier on this week parliament voted to remove a no deal Brexit from the proceedings and this means it will be very difficult for Boris to deliver a no deal Brexit at the end of October. This means that Boris will have to come up with some sort of alternative. In the...
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...