Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

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 Sterling Forecast – How will GBP perform in August?

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...
Pound to Euro forecast Boris Johnson suffers sixth consecutive defeat in Commons, where next for GBPEUR?

Pound to Euro forecast: Boris Johnson suffers sixth consecutive defeat in Commons, where next...

UK Parliament prorogued The pound to Euro exchange rate has recovered with rates sitting above 1.1150 for the GBP vs EUR pair. Last night saw the UK parliament prorogued by Boris Johnson for 5 weeks after two additional debates took place in the House of Commons. Rebel and remain focused MP Dominic Grieve filed a motion that 9 of the Prime Ministers aides must provide private emails and texts including no deal plans under Operation Yellowhammer by Wednesday evening. How this development pans out remains...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

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...
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 Under Brexit Spotlight

Pound to Euro exchange rate forecast: Sterling rates continue to suffer from Brexit uncertainty

GBP/EUR exchange rates continue to suffer due to Brexit Uncertainty The pound to euro rate has hit a 23 month low this week. This can largely attributed to the higher probability of a no deal. The more likely a no deal is the potential outcome of Brexit the weaker you would expect sterling to become. Boris will now have difficulty passing through any changes in legislation as the Conservatives lost to the Lib Dems in the Brecon and Radnorshire by-election. Boris now only has the majority by...
Brexit Trade Talks Send Pound to Euro Higher

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...
UK Government Announcements on UK Economy and Coronavirus Help Support the GBP vs USD

GBP/EUR Brexit special: Parliament votes for extension, how will Pound to Euro exchange rates...

In another twist and turn in the Brexit debate, MP’s in the British parliament yesterday voted for a extension, in defiance of Boris Johnson’s pitch of ‘his deal or no-deal’. This forced Boris Johnson to seek the extension for the EU as per the terms of the Benn Act and Boris has written his letter to the EU. Sterling exchange rates to experience volatility this week Pound to euro exchange rates which had risen to their highest since May on the interbank rate of 1.1660, could...
Pound to Euro exchange rate forecast Will GBPEUR levels remain above 1.10?

Pound to Euro exchange rate forecast: Will GBP/EUR levels remain above 1.10?

Brexit Pound to Euro rate hit hits 3 1/2 week high Euro buyers were dealt some good news today with the pound regaining ground against the euro on optimism that German Chancellor Angela Merkel would offer come more onside with the UK and to offer some form of compromise. The pound to Euro exchange rate touched a 3 1/2 week high as investors were given confidence by the comments that Angela Merkel would seek a solution to the Irish backstop issue and seek a deal...