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....
Pound to Euro Rallies After Brexit Talks Extended

Pound to Euro Rallies After Brexit Talks Extended

The pound to euro rate rallied in early Monday trading, gaining more than a cent, after the week began with another extension to deadline talks. The GBPEUR was trading above the 1.1020 level again after Boris Johnson and Ursula Von Der Leyen agreed to, “go the extra mile”. The news will dominate trading for the day ahead of the UK unemployment data on Tuesday. Another Brexit Deadline Passes Without Any Obvious Progress Sunday’s “cliff edge” Brexit deadline has passed after the two sides agreed to continue the...
Pound to Euro Gains After Weaker German Retail Sales

Pound Sterling Highest Performing Major Currency of the Day as Brexit Talks Continue

Sterling exchange rates have surged over the trading day as the markets digested another extension to the deadline as both the UK and EU have decided to continue trade talks and both sides seem like they are heading closer to a deal. Sterling Recovers from Last Week's Losses The pound dropped towards the end of last week as traders started steering clear of the pound due to concerns over a no deal Brexit being announced on the weekend. Those concerns were lifted over the course of...
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 Pares Losses

Pound Sterling Forecast – Mixed Fortunes for Sterling Exchange Rates Reflecting Uncertainty Ahead

The pound has been particularly volatile this week, rising and falling as sentiment on the key topics at present, Brexit and the Coronavirus outlook, continue to shape not just attitudes to the pound, but also other currencies like the Euro and the US dollar. GBPEUR interbank rates have epitomized this volatility, rising and falling between 1.0946 and 1.1109 on the interbank exchange rate. Meanwhile. GBPUSD has also experienced volatility rising and falling between 1.2516 and 1.2766 in the last week. For clients interested in GBPAUD it...
Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

Christmas came early for the pound after London and Brussels finally struck a Brexit deal on Thursday, just a week before Britain’s official separation from the bloc at the end of the year. European Commission President, Ursula Von Der Leyen tweeted: "We now have a fair and balanced agreement with the UK. It will protect our EU interests, ensure fair competition and provide predictability for our fishing communities. Europe is now moving on." While Boris Johnson said: "We have taken back control of our laws...
Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break Brexit Deadlock

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...
GBP EUR Gains on Goldman Sachs Rate Outlook

Brexit Pound to Euro exchange rate: How will Sterling react to Brexit this week?

The pound to euro rate is trading on the interbank rate at 1.1579, very close to some of the best rates for buying euros with pounds since May of this year. Parliamentary drama as Letwin amendment passes When the Asian markets begin trading shortly, we could see increased volatility as the currency market struggles to digest the developments this weekend. The developments include the passing of the Letwin amendment, which seeks to ensure Boris Johnson’s Withdrawal Bill has received parliamentary approval by the Lords before...
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...
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...