GBP EUR Could Head Lower After Growth Revisions

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...
GBP to EUR: Lagarde Speech Ahead in Quiet Calendar Day

GBP to EUR exchange rate: 3 month Brexit extension granted by the EU

The Pound continued to trade within the 1.15-1.16 interbank range at the end of last week as the market looks for its next move amongst some stagnant Brexit conditions. Today however, we have had further clarity on the extension being offered by the EU following the assertion on Friday that they will offer an extension but failing to confirm how long this extension would be. There has been little reaction by the Pound to this news. EU grants UK Brexit extension French President Emanuel Macron in...
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 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 Dollar Forecast: Brexit Talks Hang in the Balance

Pound to Dollar Forecast: Brexit Talks Hang in the Balance

As Friday dawned, a glimmer of hope remained that London and Brussels might agree a post-Brexit trade deal before the week was out – and the pound to dollar exchange rate could rise to multi-month highs on the back of subsequent sterling strength. What actually followed has been akin to a soap opera: break ups, accusations, reconciliations, and plenty of uncertainty. Instead, the weekend ended with both sides declaring a pause in negotiations after failing to overcome deep-rooted disagreements – with British officials accusing their...
GBP EUR Slumps with Lower GDP Print

Pound to Euro rate: Could next month’s Brexit deadlines result in some volatility for...

Pound to Euro: Key dates for Brexit and the potential impact The pound to euro rate currently sits at 1.1254, at the time of writing, as the pound lost some ground against the euro at the end of last week's trading. We're now just one month away from the next Brexit deadline and at the moment it's still up in the air as to what will happen. Potentially, the two key dates over the next month may be the 31st of October (the date the...
GBP EUR Pares Losses after ECB Rate Hike Move 

Pound to Euro exchange rate: Sterling trading around 1.156 on the interbank ahead of...

Pound to euro exchange rate hits 22-week high on hopes of Brexit deal The pound to euro exchange rate has touched 1.1585 in the last day, its highest in over 22 weeks. In part, the GBP has strengthened versus the EUR, because it looks increasingly possible that a Brexit deal may be reached as soon as today. However, sterling’s value versus the euro could be affected, because it’s thought that Northern Ireland’s Democratic Unionist Party (DUP) may object to the draft Brexit proposals, while there are...
GBP EUR Pivots Around Key Support Level 

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...
GBP EUR Lower After Retail Sales Disappoint

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...
GBP EUR Exchange Rate: Weekly Review December 4th  

GBP to EUR: Sterling off to a Good Start for 2020

The pound has had a good start to 2020 as it seems poised for further gains, particularly against the euro. This is despite a drop over the Christmas period, and at the time of writing, it is at 1.1794. It did reach 1.20 ahead of Boris Johnson’s large majority in the December election, and grew a whopping 5% in 2019. Over the next month, we could see the pound react more to the publication of economic data, as well as reactions to Brexit developments. Sterling...