Pound to Euro outlook Brexit Timeline, 25 days to Article 50 deadline

Pound to Euro forecast: DUP soften stance on Irish border making a Brexit deal...

DUP announce softening stance on Irish border: How has this affected GBP/EUR rates? The pound to euro exchange rate this week has increased and there has been further movement this morning with GBP/EUR interbank rates reaching a high of 1.11927 this morning. The movement may be because overnight the DUP appeared to have handed UK Prime Minister Boris Johnson a lifeline by stating they could take some EU rules in a bid to break the Brexit deadlock and potentially remove the Irish backstop. In addition,...
Resilient Canadian Dollar Faces Week of Influential Data and Bank of Canada Policy Decision

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 to Euro Rate Hits Another 6-Month High as Markets Await Tonight's TV Debate

Sterling Euro Forecast: Brexit Talks and Upcoming GBP Economic Data to Influence GBP/EUR Exchange...

In this piece we look we look at what has happened in the mega-saga of the Brexit deal this week, and what to look out for in the coming week. The UK met with the President of the EU Commission earlier in the week to set their Brexit talks underway. Both parties appeared positive about the talks and looked keen to get to work and resolve a trade deal. Both currencies did little to shift despite the positive beginning to the talks and encouragement...
Pound to Euro Outlook How Will the UK Election Shape GBPEUR Rates?

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...
Pound to Euro outlook Currency market eagerly awaits Supreme Court hearing, will GBPEUR rise or fall ahead?

Pound to Euro outlook: Currency market eagerly awaits Supreme Court hearing, will GBP/EUR rise...

Pound to Euro exchange rate: Sterling remains in the 1.13s against the Euro The pound to euro exchange rate reached fresh highs last week, nudging some of the best rates since May at 1.1371 on the interbank rate compared to when GBP/EUR interbank rates slumped to 1.0647 in early August. The sudden rise has provided some welcome relief for clients buying euros with pounds who had struggled when faced with the sudden decline in August, as the market prepared for a no-deal Brexit. Since...
Pound to Euro Outlook Key Economic Data That Could Affect GBP/EUR Exchange Rates in the Week Ahead

Pound to Euro exchange rate: GBP/EUR and the impact of a no-deal Brexit

Pound to Euro rate volatility: Is a no deal Brexit still an option? The pound to euro exchange rates have seen a lot of movement on the interbank exchange this week with the pound mostly gaining this week. Boris Johnson was defeated in parliament and we could see further progress with the House of Lords due to be confirmed later on today. The bill is designed to force the Prime Minister to look for an extension to the current 31st October deadline. However, Johnson's government want...
GBP to EUR Forecast Sterling Trading Around 1.175 on the Interbank Exchange as the Pound Benefits From Positive Employment Data

Sterling rises 0.6% against the Euro as Brexit Party boost Conservative majority government probability

Pound to Euro exchange rates have risen across the board of major currency pairs today, and in the process GBP/EUR hit a 6-month high making the prospect of converting Pounds into Euros a more attractive proposition. Nigel Farage to target 317 Labour seats in UK general election The reason for the gains can be put down to Nigel Farage's Brexit Party deciding not to contest previously Conservative held seats in the UK's upcoming general election. The election is scheduled for the 12th of December which is...
GBPEUR UK election: Why haven't pound to Euro exchange rates fallen?

Pound Sterling rate: What to expect this month for GBP/EUR exchange rates?

Sterling volatile going into October as key Brexit dates loom The pound to euro exchange rate has been flirting with the 1.13 levels during the last week or so but failing to make headway past the level of resistance. With now less than a month to go before the UK is due to leave the European Union, we could be in for one of the most volatile months in recent history for the currency pair. Concerns are growing that the UK could face a no-deal...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

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,...
Pound to Euro rate Could next month's Brexit deadlines result in some volatility for GBPEUR rates?

Pound to Euro exchange rate remains north of 1.13 as all eyes turn to...

Supreme Court ruling offers support to the pound: How has the ruling affected GBP/EUR rates? The pound to euro exchange rate made some gains yesterday after the Supreme Court ruled PM Boris Johnson's prorogation of Parliament was unlawful. During yesterday's trading window the GBP/EUR rate reached a high of 1.1345 on the interbank exchange, close to a four month high for sterling. UK MP's will return to work later today after the historic ruling. They are expected to return at 11.30am and PM Johnson is...