EU summit to influence the Sterling to Euro rates this weekend

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...
Pound to Euro Gains After Weaker German Retail Sales

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...
Pound to Euro Gains After Weaker German Retail Sales

Pound to Dollar Forecast: Brexit Uncertainty Weighs on GBPUSD Rate

Why is the pound falling? One word: Brexit Brexit has become the driving force for the pound in recent weeks. So, with trade talks still stalling ahead of the 31st December deadline, it came as little surprise that the pound to dollar rate was feeling the pressure late last week. This was exacerbated by media reports that the EU’s chief Brexit negotiator, Michel Barnier would cancel his planned trip to London on Friday unless the UK was willing to offer concessions – causing the pair...
Pound to Dollar Rate Hits 32-Month High

GBP to USD Rate Breaks Through 1.35 Barrier

The results are in and the Conservative party has achieved what it set out to do six weeks ago, by winning a huge majority that gives Boris Johnson the platform he needs to “get Brexit done”. Our faith in opinion polls has taken a battering in recent years, following a series of wayward predictions. This time around, however, the political surveys were consistently accurate, giving the pound v dollar rate some much-needed support during the campaign period. The pair subsequently hit seven-month highs (around...
Pound to Euro Rallies After Brexit Talks Extended

Brexit Negotiations: The Key Players

Political leaders, maverick Leave campaigners and those involved in Brexit negotiations, who have been entrusted to steer the good ship Brexit through stormy waters: our departure from the EU is as much about the individuals who are shaping Britain’s future as the issues that got us here in the first place. So, who are key players in the Brexit saga? Those people who have been responsible for the entire timeline so far – from the announcement of the referendum and the commencement of the campaign...
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 Falls as Further COVID Restrictions Announced

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...
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....
Pound to Euro Remains Range Bound as Brexit Talks Continue

Pound to Euro outlook: GBP/EUR rate hits 1.1061 on the interbank rate, could it...

Promising news of a Brexit compromise boosts GBP/EUR rate The pound to euro exchange rate has jumped to 1.1061 on the interbank exchange today, representing the best time to buy euros with pounds since July 29th. The improvement is following news that German Chancellor Angela Merkel will consider a change in the current stance from the EU towards the UK. Expectations that perhaps the Irish backstop issue could be resolved have helped the pound to shake off some of the no-deal blues which had seen...
Pound to Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

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...