Pound to Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD

Sterling Remains Firm Against the Greenback

Sterling has been one of the best performers against the US dollar over the past week, gaining almost 7.5% in value. After touching 1.1477 on the interbank market, the pound recovered strongly and is now trading around 1.2350 (interbank market). Following the 35 year low on March 20th, the USD has been pegged back by the Federal Reserve’s ‘do whatever it takes” moment. The Fed’s unlimited quantitative easing plan provided investors with some much-needed respite, allowing them to ditch the dollar. The coronavirus pandemic...
GBPEUR Exchange Rate Forecast: Pound-Euro Rates Remain at Higher Ranges but for How Long?

Pound to Euro exchange rates: Will GBP/EUR rates fall again as Brexit uncertainty increases?

Pound to Euro rates struggle GBP/EUR rates have fallen to a low of 1.1121 today, with the pound struggling to make any inroads against the EUR so far this week. In truth, GBP/EUR have remained extremely rangebound over the past couple of weeks, with no clear trend being defined following the pound's downturn last month. With Boris Johnson now the overwhelming favourite to take up the position in number 10 when the final results are in on July 22, it will be interesting to see how...
Brexit GBP to EUR Update: Withdrawal Bill Approved and the UK Will Leave the EU at the End of the Month

Brexit GBP to EUR Update: Withdrawal Bill Approved and the UK Will Leave the...

This week saw the UK’s Brexit Withdrawal Bill signed and approved by the Queen, making the bill UK law and has ensured that the UK will leave the EU on January 31st. With the original bill being passed by the House of Commons back on January 9th, the bill landed in the House of Lords earlier this week. With the UK confirmed to leave the EU at the end of the month, an EU chief thanked the UK MEP’s in their final meeting on...
Pound Sterling Forecast – Sterling Exchange Rates This Week

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...
GBPEUR - Brexit Negotiations Commence 8th Round 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 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...
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...
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...
Pound to Euro Exchange Rate: Will Sterling Continue to Climb?

Pound to Euro exchange rate: GBP trading around 1.1335 on the interbank as Sterling...

Pound to Euro exchange rate spikes on positive Brexit news The pound to euro exchange rate has recovered with decent gains for the GBP vs EUR pair as Brexit continues to dominate the headlines this week. Rates for GBP/EUR have broken over 1.13 this morning. UK Prime Minister Boris Johnson met with Irish Taoiseach Leo Varadkar yesterday in a bid to try and find compromise over the contentious Irish backstop. The joint statement signalled no further progress has been made but “they agreed that they...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

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,...