Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBP to EUR: Sterling off to a Good Start for 2020

The pound has had a good start to 2020 as it seems poised for further gains, particularly against the euro. This is despite a drop over the Christmas period, and at the time of writing, it is at 1.1794. It did reach 1.20 ahead of Boris Johnson’s large majority in the December election, and grew a whopping 5% in 2019. Over the next month, we could see the pound react more to the publication of economic data, as well as reactions to Brexit developments. Sterling...
Pound to Dollar Rate Hits 32-Month High

GBP to USD Rate Breaks Through 1.35 Barrier

The results are in and the Conservative party has achieved what it set out to do six weeks ago, by winning a huge majority that gives Boris Johnson the platform he needs to “get Brexit done”. Our faith in opinion polls has taken a battering in recent years, following a series of wayward predictions. This time around, however, the political surveys were consistently accurate, giving the pound v dollar rate some much-needed support during the campaign period. The pair subsequently hit seven-month highs (around...
GBPEUR Lower After IFO Business Report

GBP to EUR Rate Rockets Following Huge Conservative Election Majority

Hopes that the Conservatives could win the majority they needed “to get Brexit done” caused the pound to strengthen by about 2% during the six-week campaign period. Having edged over €1.19 against the euro during election week, for the first time since May 2017, the pound’s upward march has gathered pace in the wake of the Conservatives huge victory. Sterling Reacts Positively to Conservative Majority Government In the immediate aftermath of his triumph, Mr Johnson stated that the result meant the Conservative government "has been given...
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...
Pound to Euro Poised for Budget Day Volatility

Pound to Euro Exchange Rates: How Could a Conservative Majority Help Boost Sterling?

The pound to euro exchange rate has continued to trade over 1.16 on the interbank level since 11th October and is now consolidating it’s moves within a 1.16-.1.17 broad range. The market’s assumption at this stage is that a Conservative majority will be the outcome of December 12th general election and that a swift and orderly Brexit will follow. A general analysis of the Polls by Business Matters magazine shows that 42% of voters currently favour the Conservatives, compared to just 29% for Labour,...
GBP to EUR Slumps Ahead of Budget

Pound and Brexit Election Special: How Will the Pound React to the Winter Election?

This Christmas sees an extra dimension to the usual seasonal spirit, with December 12th the first British Winter election since 1923. Dubbed the ‘Brexit Election’, the ongoing saga over the UK Referendum result and ensuing political uncertainty is featuring highly. Historically, elections have seen the pound losing steam in the run up to the events, as the markets prepare for the various outcomes. Sterling has however been stronger as we approach the vote, why is this and what can we expect ahead? A Brexit Election One reason...
Pound to Euro Gains After Weaker German Retail Sales

Sterling rises 0.6% against the Euro as Brexit Party boost Conservative majority government probability

Pound to Euro exchange rates have risen across the board of major currency pairs today, and in the process GBP/EUR hit a 6-month high making the prospect of converting Pounds into Euros a more attractive proposition. Nigel Farage to target 317 Labour seats in UK general election The reason for the gains can be put down to Nigel Farage's Brexit Party deciding not to contest previously Conservative held seats in the UK's upcoming general election. The election is scheduled for the 12th of December which is...
Pound Sterling Breaks Out Above Key 1.14 Level Against the Euro

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...
GBPEUR Loses 1.16 Level After German Data

Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

The pound to euro interbank exchange rate stands at 1.1624 today at the time of writing. This is just 0.21% below sterling’s recent 26-week high versus the Eurozone’s common currency, its strongest since May 8th. In part, this is because, although there’s still uncertainty over Brexit and the UK’s general election, the financial markets think that there’s a very low probability of a ‘No Deal’ Brexit. Meanwhile, looking to today, the Bank of England looks set to keep UK interest rates steady at 0.75%. That said,...
GBP to EUR: Lagarde Speech Ahead in Quiet Calendar Day

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...