Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

Pound to Euro exchange rate: GBP trading around 1.1335 on the interbank as Sterling...

Pound to Euro exchange rate spikes on positive Brexit news The pound to euro exchange rate has recovered with decent gains for the GBP vs EUR pair as Brexit continues to dominate the headlines this week. Rates for GBP/EUR have broken over 1.13 this morning. UK Prime Minister Boris Johnson met with Irish Taoiseach Leo Varadkar yesterday in a bid to try and find compromise over the contentious Irish backstop. The joint statement signalled no further progress has been made but “they agreed that they...
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 Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

The pound to euro exchange rate was 0.20% lower in early European trading as Brexit talks come down to the wire. Negotiators are running out of time to secure an agreement and any deal would still have to be approved by the EU27 countries and European and UK politicians. The GBP v EUR was trading at 1.1055 after highs of 1.1275 at the end of November. The euro also faces a big week with the European Central Bank interest rate meeting on Thursday. Brexit Hopes...
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...
Sterling Gains on Comments from BoE Governor

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...
Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...
minimal market movement so far for Sterling exchange rates

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 Euro Falls as Further COVID Restrictions Announced

Pound euro at three month lows after Theresa May announces resignation

Pound under pressure after Theresa May resigns The pound to euro rate has once again endured a difficult week. GBP/EUR exchange rates are now trading at their lowest level in 3 months. The pound has struggled owing to the political uncertainty at the moment after Theresa May announced her resignation on Friday. She has given herself two weeks to leave, after which the process of electing the next Tory leader will begin. Two of the front runners for job are Boris Johnson and Andrea Leadsom, both of...
Pound to Euro Forecast: BoE News, Brexit and UK Employment

Pound to Euro exchange rate remains north of 1.13 as all eyes turn to...

Supreme Court ruling offers support to the pound: How has the ruling affected GBP/EUR rates? The pound to euro exchange rate made some gains yesterday after the Supreme Court ruled PM Boris Johnson's prorogation of Parliament was unlawful. During yesterday's trading window the GBP/EUR rate reached a high of 1.1345 on the interbank exchange, close to a four month high for sterling. UK MP's will return to work later today after the historic ruling. They are expected to return at 11.30am and PM Johnson is...
Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

Pound to Euro exchange rate: Could Sterling make further gains against the Euro next...

The pound to euro exchange rate stands at 1.1629 today, just 0.17% below its recent 26-week interbank rate high, reached on October 21st, of 1.1649. In part, this is because markets think that there’s a low chance of a ‘No Deal’ Brexit. This is because all the UK’s main political parties, except for Nigel Farage’s Brexit Party, are campaigning on the basis of the UK exiting Europe with an agreement. Shifting polls: GBP to EUR rate might be affected by UK election campaign shifting polls Next...