Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to Euro Under Pressure as BoE Consider Stimulus

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...
Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break Brexit Deadlock

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...
Pound to Euro Rallies After Brexit Talks Extended

Pound to Euro Rallies After Brexit Talks Extended

The pound to euro rate rallied in early Monday trading, gaining more than a cent, after the week began with another extension to deadline talks. The GBPEUR was trading above the 1.1020 level again after Boris Johnson and Ursula Von Der Leyen agreed to, “go the extra mile”. The news will dominate trading for the day ahead of the UK unemployment data on Tuesday. Another Brexit Deadline Passes Without Any Obvious Progress Sunday’s “cliff edge” Brexit deadline has passed after the two sides agreed to continue the...
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 Forecast: BoE News, Brexit and UK Employment

Pound to Euro rate: Could next month’s Brexit deadlines result in some volatility for...

Pound to Euro: Key dates for Brexit and the potential impact The pound to euro rate currently sits at 1.1254, at the time of writing, as the pound lost some ground against the euro at the end of last week's trading. We're now just one month away from the next Brexit deadline and at the moment it's still up in the air as to what will happen. Potentially, the two key dates over the next month may be the 31st of October (the date the...
GBP to EUR: Warning From Bank of England Chief on UK Economy Causes Sterling 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,...
BoE Cause Pound to Euro to Rise but Future Remains Uncertain

Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain...

The pound to euro exchange rate is trading around a 2-year low at the time of writing after dropping into the 1.06's earlier this week. At the time of writing the pair sit at 1.0780 on the interbank exchange which is flat on the day, and it will be interesting moving forward to see whether the pair fall as low as the lows of 2009 when they almost hit parity. Reuters publish probability of no deal Brexit: Sterling continues to show weakness against other major...
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...
Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

Pound to Euro outlook: How could Brexit shape GBP/EUR exchange rates?

Boris Johnson's Government suffers first defeat in Brexit vote: What could this mean for GBP/EUR exchange rates? Brexit is taking new twists and turns, as the market learns of fresh developments in parliament, as the various factions seek to establish some kind of order and direction. The British parliament reconvened after the summer recess with increasing expectations that following Boris Johnson's proroguing of parliament, this week would be the one-off opportunity ahead to block no-deal. Overnight, John Bercow has allowed the debate on a ruling, which...
Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

Pound to Euro Exchange Rate Lower with Brexit Talks on ‘Knife Edge’

The pound to euro exchange rate was 0.20% lower in early European trading as Brexit talks come down to the wire. Negotiators are running out of time to secure an agreement and any deal would still have to be approved by the EU27 countries and European and UK politicians. The GBP v EUR was trading at 1.1055 after highs of 1.1275 at the end of November. The euro also faces a big week with the European Central Bank interest rate meeting on Thursday. Brexit Hopes...