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

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...
pound feels the weight of political uncertainty as the election campaign commences

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 Rate Hits Another 6-Month High as Markets Await Tonight's TV Debate

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...
EU summit to influence the Sterling to Euro rates this weekend

Pound to Euro exchange rate: Sterling trading around 1.156 on the interbank ahead of...

Pound to euro exchange rate hits 22-week high on hopes of Brexit deal The pound to euro exchange rate has touched 1.1585 in the last day, its highest in over 22 weeks. In part, the GBP has strengthened versus the EUR, because it looks increasingly possible that a Brexit deal may be reached as soon as today. However, sterling’s value versus the euro could be affected, because it’s thought that Northern Ireland’s Democratic Unionist Party (DUP) may object to the draft Brexit proposals, while there are...
Pound to Euro outlook How will the Brexit and election shape GBPEUR rates?

Pound to Euro forecast: All eyes on Boris

Boris in the headlines Much of the news this weekend has centred on the row between prospective Prime Minster Boris Johnson and his girlfriend Carrie Symonds last week which blew up when police were called to the scene after neighbours recorded the argument and contacted the police. The development is topical and relevant for the for GBP vs EUR pair as some will argue it could reduce Boris Johnson's chances of becoming Prime Minster. Others state the fact that the argument shouldn't have been recorded...
Sterling Declines Against the Euro as Concerns Grow over Hung Parliament

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 outlook How will the Brexit and election shape GBPEUR rates?

Pound to Euro outlook: Sterling hits one month low versus euro as Brexit negotiations...

The pound to euro exchange rate has fallen by around -0.45% in the last day, to 1.11 today, close to a one-month low. In part, this is because the UK’s and EU’s Brexit talks have seemingly come to a halt. However, UK Prime Minister (PM) Boris Johnson is scheduled to meet his Irish counterpart, Taoiseach (PM) Leo Varadkar in Dublin today, to try and unlock the talks. In addition, Germany’s exports fell in August, according to official statistics today, further lifting the odds that the Eurozone’s...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

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,...
Sterling vs Euro Interbank Rate Hits 39-Month High as Tories Win

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

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...