Pound Remains Strong Against the Euro as Eurozone Debt Builds

Pound to Euro exchange rate weakens, as Boris declares he won’t extend Article 50

The pound to euro exchange rate stands at 1.1260 today at the time of writing. This is -0.97% below sterling’s recent four-month high against the common currency, its strongest since mid-May, reached last Friday September 20th, of 1.1371. Confidence on Brexit deal knocked: How is British politics affecting GBP/EUR exchange rates In part, the pound has weakened, because the financial markets are no longer so confident that the UK and the EU will agree a Brexit deal in the foreseeable future. To explain, yesterday Parliament returned...
GBP to EUR Exchange Rate: Pound Holds Strong Despite Horrendous Economic Data

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 outlook Currency market eagerly awaits Supreme Court hearing, will GBPEUR rise or fall ahead?

Pound to Euro outlook: Currency market eagerly awaits Supreme Court hearing, will GBP/EUR rise...

Pound to Euro exchange rate: Sterling remains in the 1.13s against the Euro The pound to euro exchange rate reached fresh highs last week, nudging some of the best rates since May at 1.1371 on the interbank rate compared to when GBP/EUR interbank rates slumped to 1.0647 in early August. The sudden rise has provided some welcome relief for clients buying euros with pounds who had struggled when faced with the sudden decline in August, as the market prepared for a no-deal Brexit. Since...
Pound to Euro Exchange Rate Vulnerable After Latest Brexit Talks Reach a Stalemate

Pound to Euro exchange rate: GBP/EUR rate hits best level since early June

Pound to Euro rate hits 3 month high The pound to euro exchange rate has continued to strengthen hitting the best rate to buy euros with pounds since the start of June. Boris Johnson met with EU President Jean-Claude Juncker yesterday in Luxembourg and this saw the pound to euro rate hit 1.13. Johnson confirmed that talks between the UK and the European Union will now increase. He also claimed that he is committed to keep the Brexit deadline for the 31st October. According to...
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,...
ECB interest rates and Brexit update

Pound Euro rates – ECB interest rates and Brexit update

Pound improves against the Euro The Pound has managed to remain firm against the Euro this week as it appears as though Boris Johnson is changing his tone towards a deal with the European Union. Earlier on this week parliament voted to remove a no deal Brexit from the proceedings and this means it will be very difficult for Boris to deliver a no deal Brexit at the end of October. This means that Boris will have to come up with some sort of alternative. In the...
Pound to Dollar Forecast: GBP to USD Rate Feels Weight of Disappointing Economic Data

US Dollar to Pound Outlook – What next for GBP/USD exchange rates?

Dollar continues to perform well against the Pound The US dollar has been performing well against sterling in 2019, having very recently touched the best rates since the Brexit vote in 2016. This is a combination of sterling weakness on UK political uncertainties, combined with a stronger dollar as the market embraces its more positive economic outlook. US dollar exchange rates have been improving in strength over the last few years, as the market responds positively to the improvements in the US economy in recent...
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 Rate: Pound Sterling in Meltdown, Losses Sustained Against EUR

Pound to Euro rate: Will there be a UK election and how could this...

Sterling gains against the Euro The pound to euro exchange rate has been climbing since this morning, following on from some gains made late last week. Sterling has also gaining against other major currencies such as the US dollar and the Australian dollar for example, as sentiment surrounding the pound is improving owing to the market perception that the chances of a no-deal Brexit are decreasing. This market movement isn't unusual, and anyone that's been following the markets and the pound over the past few years...
Will Pound to Euro Fall further?

Pound to Euro exchange rate: GBP/EUR and the impact of a no-deal Brexit

Pound to Euro rate volatility: Is a no deal Brexit still an option? The pound to euro exchange rates have seen a lot of movement on the interbank exchange this week with the pound mostly gaining this week. Boris Johnson was defeated in parliament and we could see further progress with the House of Lords due to be confirmed later on today. The bill is designed to force the Prime Minister to look for an extension to the current 31st October deadline. However, Johnson's government want...