Pound to Euro Rate Pauses Ahead of Economic Data Releases

Pound to Euro Rate Remains Vulnerable

Sterling to euro exchange rate remains fragile due to a number of determining factors. The pound is rarely the destination of choice during times of global economic uncertainty. This can be attributed to the huge imbalance between imports and exports. The pandemic has also caused huge damage to the UK economy, but of course other nations are suffering similar problems. Sterling Hampered by High Risk of No-deal Brexit It seems the key market mover is Brexit with talks being problematic from the outset. Many believed...
Pound to Dollar Rate Dragged Lower by UK Vaccine Concerns

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 Euro Starts the Week off Steady

Pound to Euro: COVID-19 Fears and Brexit Talks Weigh on GBP

The pound to euro and US dollar rate is once again under pressure, as global sentiment appears to be in decline and the risks of a second wave of Coronavirus appears to also be rising. This has caused the pound to euro to fall to its lowest level since the third of March and at the moment there is little to be optimistic about Sterling. The GBPEUR exchange rate has dropped below 1.10 on the Interbank level on Friday and has now touched the inverse rate...
Brexit Trade Talks Send Pound to Euro Higher

Brexit Trade Talks Send Pound to Euro Higher

The UK and EU have edged closer to a Brexit trade deal following high level discussions by UK prime minister Johnson and senior EU leaders, sending pound to euro and pound to dollar rates higher. Pound to euro pushed through 1.12 before easing back to 1.1150 by close of play and pound to dollar neared 1.27 before falling back to just below 1.26. Both the UK and EU confirmed there would be no extension beyond the current transition period but committed to a series of...
Pound to Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

Pound to Euro Exchange Rate Vulnerable After Latest Brexit Talks Reach a Stalemate

Sterling finds itself in a very vulnerable position. It is not just Covid-19 the pound has to contend with, there is also the small matter of Brexit. Time is running out to get a deal over the line with Boris having only until the end of the month to call an extension on talks, which is something he has adamant he will not do, causing pound to euro exchange rate to move lower There are still some key points of contention such as fisheries...
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...
Pound Sterling Outlook: Will the UK and EU Strike a Trade Deal and How Will GBP Perform?

Pound to Euro Under Brexit Spotlight

The UK and EU will begin their 4th and final round of Brexit talks tomorrow before the UK must decide whether to request an extension to the current transition period, which is due to end on the 31st January 2021. Previous negotiations between the UK and EU have seen little progress with both the UK and EU refusing to compromise on their red lines. Whilst the UK has until November this year to agree a trade deal with the EU, the UK only has...
GBPEUR Posts Another New High for the Year

Pound to Euro falls on Brexit Concerns

As Brexit trade talks approach, investors’ concerns that the UK and EU will not reach a deal are being reflected in a weaker pound to euro and pound to dollar. Pound to euro is trading at 1.1095 and pound to dollar at 1.2330 following spikes to 1.1257 and 1.2360 earlier this week. UK Chief Brexit Negotiator David Frost said that the EU must change its position if a deal is to be reached as the current EU mandate is not one that the UK can...
GBP to EUR Holds Support with Sunak Budget Ahead

Pound Sterling Forecast: Will the Pound Weaken Further? 

With GBPEUR exchange rates having dropped from an interbank exchange rate of 1.15 towards the end of April down to a rate in the 1.11s at the time of writing this article, many of my clients are asking me about the Pound Sterling Forecast, and whether or not the pound could weaken further still? Add into the situation a 4 cent drop for GBPUSD (1.26 to 1.22) and a 9-cent decline for GBPAUD (1.95 to 1.86) and sterling exchange rates really have had a rough...
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...