GBP/EUR Exchange Rate Remains Under Fire as Global Recession Kicks In

Pound euro at three month lows after Theresa May announces resignation

Pound under pressure after Theresa May resigns The pound to euro rate has once again endured a difficult week. GBP/EUR exchange rates are now trading at their lowest level in 3 months. The pound has struggled owing to the political uncertainty at the moment after Theresa May announced her resignation on Friday. She has given herself two weeks to leave, after which the process of electing the next Tory leader will begin. Two of the front runners for job are Boris Johnson and Andrea Leadsom, both of...
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...
GBP to EUR Exchange Rate: How Did Sterling Fare Against the Euro this Week?

Pound to Euro exchange rates: Sterling volatility as Boris Johnson and Jeremy Hunt do...

Who will be the next Conservative Leader? We probably know the answer to this question, our Marmite politician Boris Johnson. The pound to euro exchange rates are volatile, under pressure from the uncertainty of the Tory leadership contest which is now in its final stage. His position to become PM further strengthened as Michael Gove and Sajid Javid became the latest contenders to be eliminated. Only two candidates remain with Jeremy Hunt battling to beat Boris Johnson to number 10. Whilst Boris is clearly the favourite,...
Pound to Euro Forecast: Will the Coronavirus Further Influence GBP/EUR Rates Ahead?

Pound to Euro exchange rate weakens, as Boris declares he won’t extend Article 50

The pound to euro exchange rate stands at 1.1260 today at the time of writing. This is -0.97% below sterling’s recent four-month high against the common currency, its strongest since mid-May, reached last Friday September 20th, of 1.1371. Confidence on Brexit deal knocked: How is British politics affecting GBP/EUR exchange rates In part, the pound has weakened, because the financial markets are no longer so confident that the UK and the EU will agree a Brexit deal in the foreseeable future. To explain, yesterday Parliament returned...
Pound Sterling to US Dollar Exchange Rate Outlook: How Will GBPUSD Levels Fare in April?

USD to GBP Exchange Rate: Pound Slips on Brexit Refocus, as Dollar Highlights Improved...

Monday’s trading session can only be described as volatile for the USD/GBP exchange rate pairing, but heading into the second trading day of the week the pound saw a slip against the US dollar This morning, which pared the gains witnessed on Monday. The GBP/USD exchange rate ended Monday trading flat at $1.3104 following a rally which took the pairing to $1.32 earlier in the session. Earlier this morning the GBP/USD rate was trading 0.6% lower at $1.3050, which ruined a five-day streak as...
Pound to Euro Rate: GBPEUR Rises to Three-Week Interbank Highs

Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

The pound to euro exchange rate finished last week in a strong position, finishing the week above 1.19 on the interbank rate of exchange. The pound benefitted from the lack of any interest rate cuts by the Bank of England at their latest interest rate decision meeting. Sterling also appeared to find some favour as the UK left the EU Friday night, as it underscored that yes, Brexit is happening and removed some of the uncertainty. The euro also lost some ground on Friday as...
The Pound Continues to Rebound From Its 35+ Year Lows Versus the USD of 1.1409 on 19th March

The Pound Continues to Rebound From Its 35+ Year Lows Versus the USD of...

Sterling remains under pressure however, with a slip below 1.23 on the back of the latest consumer confidence figures released from GfK. Highlighting that more than 70pc of UK businesses have confirmed that they were or would be impacted by the Coronavirus pandemic, demonstrating the intense impact that Covid-19 was having at the beginning of March before the UK government put us in to virtual lockdown. The stats confirm a sharp decline in the willingness of consumers to make major purchases. Lloyds business sentiment survey...
Pound to Euro Exchange Rate GBPEUR Rate Remains in 1.10’s, 6-Month Lows, as Stock Market Sell-Off Continues

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...
GBP to USD Rate: Sterling Surges Almost 7% in a week of Extreme Volatility

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...
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...