Pound to US Dollar exchange rate supported after Gridlock in UK Parliament

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 Exchange Rates: How Could a Conservative Majority Help Boost Sterling?

Pound to Euro Exchange Rates: How Could a Conservative Majority Help Boost Sterling?

The pound to euro exchange rate has continued to trade over 1.16 on the interbank level since 11th October and is now consolidating it’s moves within a 1.16-.1.17 broad range. The market’s assumption at this stage is that a Conservative majority will be the outcome of December 12th general election and that a swift and orderly Brexit will follow. A general analysis of the Polls by Business Matters magazine shows that 42% of voters currently favour the Conservatives, compared to just 29% for Labour,...
GBP to EUR: Sterling Recovers Last Week's Losses Against the Euro

Sterling Euro Forecast: Brexit Talks and Upcoming GBP Economic Data to Influence GBP/EUR Exchange...

In this piece we look we look at what has happened in the mega-saga of the Brexit deal this week, and what to look out for in the coming week. The UK met with the President of the EU Commission earlier in the week to set their Brexit talks underway. Both parties appeared positive about the talks and looked keen to get to work and resolve a trade deal. Both currencies did little to shift despite the positive beginning to the talks and encouragement...
Pound to Euro Exchange Rate Outlook: Will GBPEUR go higher this week?

Pound to Euro forecast: How could the latest Brexit extension affect Sterling exchange rates?

The pound to euro exchange rate had risen slightly late yesterday on the interbank market with rates currently sitting at 1.1561, at one point rates were as low as 1.1533, its weakest in over one week, or since Wednesday 17th October. Yesterday, the EU announced that it will extend the UK’s Brexit deadline, yet will only decide by how long early next week, once the UK Parliament has decided whether to hold a general election. Boris to call for election next week, will Corbyn support...
Brexit Pound to Euro Exchange Rate Falls as UK Threatens EU With No Deal Outcome

Pound to Euro outlook: How could Brexit shape GBP/EUR exchange rates?

Boris Johnson's Government suffers first defeat in Brexit vote: What could this mean for GBP/EUR exchange rates? Brexit is taking new twists and turns, as the market learns of fresh developments in parliament, as the various factions seek to establish some kind of order and direction. The British parliament reconvened after the summer recess with increasing expectations that following Boris Johnson's proroguing of parliament, this week would be the one-off opportunity ahead to block no-deal. Overnight, John Bercow has allowed the debate on a ruling, which...
GBP to EUR Forecast: Will the 2020 Pound Sterling Highs to Buy Euros Remain?

GBP to EUR: Sterling off to a Good Start for 2020

The pound has had a good start to 2020 as it seems poised for further gains, particularly against the euro. This is despite a drop over the Christmas period, and at the time of writing, it is at 1.1794. It did reach 1.20 ahead of Boris Johnson’s large majority in the December election, and grew a whopping 5% in 2019. Over the next month, we could see the pound react more to the publication of economic data, as well as reactions to Brexit developments. Sterling...
Euro Could Sink Against Us Dollar as ECB Tipped for an Interest Rate Cut

Pound to Euro rate: Will the ‘Boris Bounce’ last and what will the European...

Pound movement driven by Boris Johnson's election as Prime Minister The pound to euro exchange rate has made slight gains. Sterling has also moved against all major currencies in the past two days in what has been coined as the 'Boris Bounce'. Realistically nothing major has changed as of yet but this has bought a little political certainty for the UK and now investors at least know who is running the country for the time being at least. With MP's due to go on summer recess...
GBP to EUR Outlook: Coronavirus Fears Sink Pound Allowing Euro to Rise Despite Italian Spike

Pound to Euro outlook: Sterling hits one month low versus euro as Brexit negotiations...

The pound to euro exchange rate has fallen by around -0.45% in the last day, to 1.11 today, close to a one-month low. In part, this is because the UK’s and EU’s Brexit talks have seemingly come to a halt. However, UK Prime Minister (PM) Boris Johnson is scheduled to meet his Irish counterpart, Taoiseach (PM) Leo Varadkar in Dublin today, to try and unlock the talks. In addition, Germany’s exports fell in August, according to official statistics today, further lifting the odds that the Eurozone’s...
Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

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...
Pound to Canadian Dollar Exchange Rate: CAD Unfolds on Low Oil Prices but Sees Off Struggling GBP

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...