Pound to Euro Falls as Further COVID Restrictions Announced

Will Pound to Euro Fall to 1.02 in Coming Weeks?

With so many now betting against the pound, the question seems to be how much will the pound fall by, rather than if the pound will fall. Whilst the pound received some welcomed support last week, many still expect pound to euro and pound to dollar to target much lower levels over the coming weeks. Karen Jones, Head of Technical Analysis for currencies, commodities and bonds and Commerzbank thinks pound to euro will target 1.1037 shortly, and technical analyst colleague Axel Rudolph is looking for...
Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...
Pound to Euro Consolidates at 10-week High

GBPEUR Rate: Could MP’s Bullish Stance Regarding Brexit Push the Pound to Euro Rate...

The pound has begun to tread lower against the euro today and also during yesterday afternoon, as the message from the UK MP’s is that the deadline for Brexit remains intact. No News of Brexit Extension Causes GBP Weakness Some had hoped that there would be a delay to Brexit, or at least an extended deadline date for negotiations and for the deal to be in place owing to the pause in business globally due to the coronavirus. These hopes have been dashed recently though after...
Pound to Euro Exchange Rate Surges Higher on Brexit Optimism

Sterling – Euro Exchange Rates Remain Range Bound on a Quiet Day for Economic...

Yesterday the sterling to euro interbank exchange rate remained in a tight range, with a difference between the high and low for the day merely being 0.41%. The high of the day posted at 1.1508 and the low 1.1461. The GBPEUR rate appears to be at level of resistance and a pivotal point at 1.15, with very little for the market to feed off of today we saw little deviation either side. As the week progresses the economic data does heat up a little...
Pound to Dollar Exchange Rate: GBP Finds Support over 1.25 Against USD

Sterling Remains Firm Against the Greenback

Sterling has been one of the best performers against the US dollar over the past week, gaining almost 7.5% in value. After touching 1.1477 on the interbank market, the pound recovered strongly and is now trading around 1.2350 (interbank market). Following the 35 year low on March 20th, the USD has been pegged back by the Federal Reserve’s ‘do whatever it takes” moment. The Fed’s unlimited quantitative easing plan provided investors with some much-needed respite, allowing them to ditch the dollar. The coronavirus pandemic...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Telephone Post Brexit Talks, Helps the Pound Continues Its Climb Back up Against the...

The pound has continued its rival against the Swiss Franc after seeing a low at 1.1090, the pound has recovered to 1.1880. As the spread of Covid-19 has taken over the world and increasingly dominating headlines for the first part of 2020, it has been the first major topic to overshadow the Brexit story much talked about for the last 4 years in Europe but particularly the UK. With the coronavirus putting the world on lock down it had been feared that with...
GBPUSD Surges as Dollar Weakens Across the Board

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 Consolidates at 10-week High

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...
Pound to US Dollar Pulls Back as Market Bulls Pause

Brexit Withdrawal Bill Signed: What Now for the UK-US Trade Relationship and GBP/USD Rates?

This week marked the signing of the Brexit withdrawal bill in the House of Lords, which was then further signed by the Queen, making Brexit UK law. The bill confirmed that the UK will leave the EU on January 31st with no exceptions. Many are now questioning what Brexit will mean for the UK going forward and how its relations will be with allies like the United States, particularly from a trade standpoint. What Has Already Happened Concerning Brexit, the UK and the US? The day...
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...