pound to euro: Will the U.K head into another lockdown?

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...
GBPEUR: Sterling Exchange Rates Sell-off Due to Brexit Concerns

Pound to Euro exchange rate remains flat as the markets await the next Brexit...

We're now just 23 days away from the UK's scheduled departure from the European Union, should the exit actually take place that is. At the moment the currency markets appear to be adopting a wait and see approach. The pound to euro exchange rate continues to gently slide with current interbank exchange rates sitting at 1.1142. Although the 31st is the expected date for the Brexit, it could be the 19th of this month that's more important and when we could see sterling exchange...
Brexit Uncertainty Keeps Pound Low

Pound to Euro forecast: DUP soften stance on Irish border making a Brexit deal...

DUP announce softening stance on Irish border: How has this affected GBP/EUR rates? The pound to euro exchange rate this week has increased and there has been further movement this morning with GBP/EUR interbank rates reaching a high of 1.11927 this morning. The movement may be because overnight the DUP appeared to have handed UK Prime Minister Boris Johnson a lifeline by stating they could take some EU rules in a bid to break the Brexit deadlock and potentially remove the Irish backstop. In addition,...
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 Forecast: Euro Sees 4-Month Lows as European Commission Primes for Growth Forecast and EU Data

GBP to EUR exchange rate: 3 month Brexit extension granted by the EU

The Pound continued to trade within the 1.15-1.16 interbank range at the end of last week as the market looks for its next move amongst some stagnant Brexit conditions. Today however, we have had further clarity on the extension being offered by the EU following the assertion on Friday that they will offer an extension but failing to confirm how long this extension would be. There has been little reaction by the Pound to this news. EU grants UK Brexit extension French President Emanuel Macron in...
Brexit Uncertainty Keeps Pound Low

Pound to Euro outlook: Brexit Timeline, 25 days to Article 50 deadline

Including today, it is now just 25 days to the 31st October and the set date the UK will leave the European Union. What are the key dates and what can we expect for GBP/EUR exchange rates? Sterling finds favour from expectations of an extension The pound to euro exchange rate has improved from the interbank lows of 1.0647 on the 10th August, when no-deal looked likely. The interbank rate has climbed and is now trading at 1.1220 at the time of writing. Sterling has found...
Brexit Negotiations Remain Key to Pound to Euro Rate

Brexit Negotiations Remain Key to Pound to Euro Rate

Pound to euro held on to a weekly gain of 1% despite coming under heavy selling pressure Friday afternoon. The pound to euro exchange rate closed the week at 1.0915 having reached 1.1008 the day before and dipped to 1.0775 exactly 1 week prior. The pound is being heavily influenced by on-going Brexit talks and the currency pair is highly sensitive to media headlines and information leaked from sources close to the negotiations. Brexit talks have been gridlocked for sometime as the UK and EU...
pound to euro: Will the U.K head into another lockdown?

Pound to Euro rates stuck under 1.12 as investors wait for substantial news on...

Recession and Bank of England interest rate fears The pound to euro exchange rate has been rangebound, operating in a fairly narrow band, as the market awaits some more concrete news regarding the latest outlook on Brexit. Brexit remains the main source of discussion for the pound although other factors have captured headlines too in recent weeks, including the prospect of the Bank of England cutting interest rates, and also whether the UK is headed for recession. Welcome rates for Euro sellers This is great news for...
Brexit Negotiations Remain Key to Pound to Euro Rate

What is Brexit?

Any mention of Brexit is enough to up our anxiety levels, as experts inform us that economic growth, employment and trade could suffer. In fact, the whole issue is as confusing as it is worrying. So much so that most people would probably prefer to discuss astrophysics than try to explain Brexit. As the negotiation process rumbles on and 29 March 2019 draws ever closer, key issues remain unresolved: UK-EU borders, customs arrangements, free movement of people... the list goes on. For the pound –...
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...