GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

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 Sterling Outlook: Will the UK and EU Strike a Trade Deal and How Will GBP Perform?

Pound Sterling Outlook: Will the UK and EU Strike a Trade Deal and How...

It is just 23 days until the 1st January when the UK will have officially exited the current transitional phase where all existing rights and obligations the UK has as a member of the EU will cease. Pound to euro interbank exchanges rates currently sit at 1.111 having gained close to a cent in value as Boris Johnson heads to Brussels for trade deal talks with Europeam Commission President Ursula Von Der Leyen. Brexit has been one of the most turbulent events in recent memory...
Pound to Dollar Rate Pinned Down by Vaccine Concerns

AUD to GBP Rate Higher as Virus Outweighs Brexit

The AUD to GBP exchange rate was trading higher on Wednesday as fears over the virus and lockdowns have outweighed any positive sentiment on the Brexit deal. The UK Parliament will vote on Boris Johnson’s deal later on Wednesday and the deal is set to pass as the Labour party and Johnson’s own party hardliners have said they will support the deal. AUDGBP was trading at 0.5650 early on Wednesday and the pair may want to test the previous highs at 0.5720. China Trade Spat Still...
Pound to Dollar Rate Buoyed by Fed Forecast

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...
GBP to EUR Slumps Ahead of Budget

Pound and Brexit Election Special: How Will the Pound React to the Winter Election?

This Christmas sees an extra dimension to the usual seasonal spirit, with December 12th the first British Winter election since 1923. Dubbed the ‘Brexit Election’, the ongoing saga over the UK Referendum result and ensuing political uncertainty is featuring highly. Historically, elections have seen the pound losing steam in the run up to the events, as the markets prepare for the various outcomes. Sterling has however been stronger as we approach the vote, why is this and what can we expect ahead? A Brexit Election One reason...
Pound to Euro Exchange Rate: The Week Ahead March 28th

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 Dollar Rate Dragged Lower by UK Vaccine Concerns

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....
Euro Could Sink Against Us Dollar as ECB Tipped for an Interest Rate Cut

Pound to Euro rate: Will the ‘Boris Bounce’ last and what will the European...

Pound movement driven by Boris Johnson's election as Prime Minister The pound to euro exchange rate has made slight gains. Sterling has also moved against all major currencies in the past two days in what has been coined as the 'Boris Bounce'. Realistically nothing major has changed as of yet but this has bought a little political certainty for the UK and now investors at least know who is running the country for the time being at least. With MP's due to go on summer recess...
GBPEUR Exchange Rate: Week in Review March 27th

Pound to Euro forecast: Will Sterling make further gains against the Euro next week?

The pound to euro exchange rate stands at 1.1473 at the time of writing, having been as low as 1.1090 on Friday. This is sterling’s highest versus the common currency in nearly 4 months. This is because UK Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar had a surprisingly fruitful Brexit discussions on Thursday. This prompted EU Chief Brexit Negotiator, Michel Barnier, to recommend that negotiations enter the final “tunnel” phase, ahead of next Thursday 17th’s EU summit. Next week, on Tuesday UK labour...
GBPEUR Exchange Rate: Week in Review April 2nd

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...