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...
GBPEUR Rates: UK Remains in Lockdown and the Impact on Pound to Euro Exchange Rates

Pound to Australian Dollar forecast: GBP/AUD volatility expected as UK Parliament looks set to...

Pound to Australian Dollar movement expected as Parliament is set to resume on September 3rd The pound to Australian dollar exchange rate is holding on to its recent gains with rates for GBP vs AUD sitting at 1.8140. After the hot UK bank holiday weekend, the markets will now focus on all the latest Brexit developments this week with political fireworks expected as we approach the 31st October Brexit deadline. High volatility is to be expected for GBP to AUD exchange rates as parliament will...
Pound to Euro outlook GBPEUR rate hits 1.1061 on the interbank rate, could it rise further?

Pound to Euro outlook: GBP/EUR rate hits 1.1061 on the interbank rate, could it...

Promising news of a Brexit compromise boosts GBP/EUR rate The pound to euro exchange rate has jumped to 1.1061 on the interbank exchange today, representing the best time to buy euros with pounds since July 29th. The improvement is following news that German Chancellor Angela Merkel will consider a change in the current stance from the EU towards the UK. Expectations that perhaps the Irish backstop issue could be resolved have helped the pound to shake off some of the no-deal blues which had seen...
Pound to US Dollar Forecast: Mixed Messages on GBPUSD Exchange Rates

Brexit Withdrawal Bill Signed: What Now for the UK-US Trade Relationship and GBP/USD Rates?

This week marked the signing of the Brexit withdrawal bill in the House of Lords, which was then further signed by the Queen, making Brexit UK law. The bill confirmed that the UK will leave the EU on January 31st with no exceptions. Many are now questioning what Brexit will mean for the UK going forward and how its relations will be with allies like the United States, particularly from a trade standpoint. What Has Already Happened Concerning Brexit, the UK and the US? The day...
Pound to Euro Exchange Rate: Euro Looks to Edge Over GBP as Coronavirus Ups the Pressure on Sterling

Pound to Euro Exchange rates forecast: Will GBP/EUR rise or fall this week?

Lack of Brexit clarity keeps GBP/EUR rates volatile The pound to euro exchange rate has been oscillating in a fairly tight range as the lack of clarity on key issues, forces the market to avoid making any big bets. Currently, the market is eagerly seeking some clarity on Brexit, to find out which way sterling will trend. The euro has been fractionally weaker in the last week, as investors await further news on possible shifts in sentiment relating to whether or not the ECB (European...
Pound Sterling Rates Rally on Month End Flows

Pound to Euro forecast: How could the latest Brexit extension affect Sterling exchange rates?

The pound to euro exchange rate had risen slightly late yesterday on the interbank market with rates currently sitting at 1.1561, at one point rates were as low as 1.1533, its weakest in over one week, or since Wednesday 17th October. Yesterday, the EU announced that it will extend the UK’s Brexit deadline, yet will only decide by how long early next week, once the UK Parliament has decided whether to hold a general election. Boris to call for election next week, will Corbyn support...
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...
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...
Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

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...