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...
GBP EUR Lower After ECB Monetary Policy Minutes

Pound Sterling exchange rate falls to 1.12s against the Euro on latest Brexit developments,...

Sterling weakens against the Euro The pound to euro exchange rate continues to fall after the EU cancelled weekend Brexit talks. The current GBP/EUR interbank exchange rate sits at 1.1215. The EU leaders delayed the talks as they claimed that Boris Johnson's plans 'do not provide a basis' for a deal. We are now just less than two weeks before the next EU summit. As of yet, a deal is still to be agreed between the two parties. Boris Johnson appears to want a change to...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

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...
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...
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 Gains on Goldman Sachs Rate Outlook

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...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Pound to Canadian Dollar forecast: Brexit end date approaches, what could happen to GBP/CAD...

Brexit continues to drive GBP/CAD rates with just 24 days until Brexit deadline The pound to Canadian dollar exchange rate is still struggling to move back to the higher levels seen in the last month with rates currently sitting at 1.639 for the GBP vs CAD pair. Brexit continues to be the big driver for GBP to CAD exchange rates with just 24 days to go until the 31st October Brexit deadline when Britain is expected to leave the European Union. It has been reported...
GBP EUR Lower After ECB Monetary Policy Minutes

Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

The pound to euro interbank exchange rate stands at 1.1624 today at the time of writing. This is just 0.21% below sterling’s recent 26-week high versus the Eurozone’s common currency, its strongest since May 8th. In part, this is because, although there’s still uncertainty over Brexit and the UK’s general election, the financial markets think that there’s a very low probability of a ‘No Deal’ Brexit. Meanwhile, looking to today, the Bank of England looks set to keep UK interest rates steady at 0.75%. That said,...
GBP EUR Slightly Higher After German IFO Data

Pound to Euro exchange rates: GBP/EUR falls to 2-year lows, when could rates recover?

Pound to euro exchange rates have dropped to some of the lowest levels in 2-years as Brexit uncertainty over a no-deal threatens to undermine the value of the pound. Investors are avoiding and selling off the pound as the signals point to a no-deal Brexit. Possibility of no trade deal in place with the EU hampers Sterling The pound has been under real pressure because of the Brexit vote, this has been epitomised by the prospects of a no-deal, which has seen sterling drop in value....
GBPEUR Forecast – Internal Market Bill Drives GBP Lower

Sterling Declines Against the Euro as Concerns Grow over Hung Parliament

The pound to euro exchange rate stands at 1.1632, at the time of writing. This is 0.75 cents or 0.65% below sterling’s six-month high versus the Eurozone’s common currency, reached last Monday 18th November, at 1.1725. In part, the sterling vs euro interbank exchange rate has weakened this week, because the financial markets are increasingly uncertain that next month’s UK general election will deliver a stable, majority government. Also, sterling has weakened, because the UK’s manufacturing and services PMIs (Purchasing Managers Indices) for November...