GBP EUR Exchange Rate: The Week Ahead October 3rd

Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

The pound to euro exchange rate was 0.20% lower in early European trading as Brexit talks come down to the wire. Negotiators are running out of time to secure an agreement and any deal would still have to be approved by the EU27 countries and European and UK politicians. The GBP v EUR was trading at 1.1055 after highs of 1.1275 at the end of November. The euro also faces a big week with the European Central Bank interest rate meeting on Thursday. Brexit Hopes...
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...
Pound to Dollar Rate Drops to One-month Low

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...
GBP EUR Looks to Employment Figures for Support

Pound to Euro Reaches 2-Month High

The pound to euro exchange reached a 2-month high during yesterday’s trading as news of a Covid-19 vaccine and increased optimism of a Brexit trade deal boosted the currency pair. Pound to euro was up more than 1 percent at one point, trading at 1.1250 although finished the day consolidated just above 1.12. Pound to dollar saw similar gains, reaching 1.3270 before holding comfortably above 1.32. The major break was confirmation that pharmaceutical giant Pfizer could soon have a vaccine in place to combat the...
GBP EUR Exchange Rate: The Week Ahead October 3rd

Pound to Euro Forecast: GBPEUR Rate Higher on Positive Brexit Progress, Could There Be...

Pound Sterling rates have ended the week slightly higher against the Euro compared to the start of the week following positive comments and news surrounding Brexit negotiations, but have struggled against USD with global uncertainty amid new lockdowns resulting in a flight to safety for investors. Sterling has gained in value by just over 0.5% against EUR compared to last week and comments yesterday evening from President of the EU Commission, Ursula Von Leyen, look to have compounded these gains as we head into the...
Pound to Euro Remains Range Bound as Brexit Talks Continue

Pound to Euro Remains Range Bound as Brexit Talks Continue

Pound to euro ended the week just below 1.10 as Brexit talks resumed but the UK and EU stated there is still some distance between the two sides positions. On Wednesday, EU Chief Brexit Negotiator Michel Barnier confirmed to the European Parliament that the EU was willing to compromise but the UK would need to compromise too. The EU’s move was enough for UK Prime Minister Boris Johnson to confirm that trade talks could restart and no time was wasted as by Thursday negotiations were...
GBPEUR Looks to EU Inflation and BoE This Week

Pound to Euro Falls Despite BoE Distancing From Negative Interest Rates

Pound to euro fell 0.25 percent during yesterday’s trading despite Bank of England governor Andrew Bailey distancing the bank from any short-term action in relation to negative interest rates. The pound to euro exchange rate had weakened following last week’s Monetary Policy Committee meeting in which the bank confirmed negative interest rates were still a monetary option that were being considered. This instantly led the market to begin pricing in a rate cut for Q1 next year but yesterday Bailey said that negative interest...
Pound to Dollar Rate Pares Losses

Pound to Euro: Further Lockdown Measures and Brexit Negotiations

Will the U.K head into another lockdown? This morning at 11am professor Chris Witty is due to address the nation in what is expected to be a stark warning about the months ahead, and to summarise the position that we are currently in with the covid-19 pandemic. Expectations are that later this week Prime Minister Boris Johnson is also due to follow up with new restrictions and plans for taking on the pandemic and attempting to stem the growing number of cases throughout the U.K at...
Pound to Dollar: Pound Slides as Brexit Talks Flounder Over Fishing

Brexit Negotiations Remain Key to Pound to Euro Rate

Pound to euro held on to a weekly gain of 1% despite coming under heavy selling pressure Friday afternoon. The pound to euro exchange rate closed the week at 1.0915 having reached 1.1008 the day before and dipped to 1.0775 exactly 1 week prior. The pound is being heavily influenced by on-going Brexit talks and the currency pair is highly sensitive to media headlines and information leaked from sources close to the negotiations. Brexit talks have been gridlocked for sometime as the UK and EU...
Pound to Dollar Rate Pares Losses

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....