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...
GBP USD Exchange Rate Breaks Above Key 1.37 Resistance Level

Pound to Dollar Rates: No-Deal Nerves Intensify for Pound

The pound to dollar rate ended last week by plunging into 1.31 territory for the first time since mid-November, before settling back above the 1.32 level. A jaded pound was winded by comments from Prime Minister Boris Johnson, who said a no-deal Brexit looked "very, very likely". Having taken a tumble in the wake of the gloomy outlook, the pound’s fall was broken slightly when the German and Irish foreign ministers said an agreement between the UK and the EU was still on the...
GBP EUR Exchange Rate: Weekly Review December 4th

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...
GBP EUR Gains on Goldman Sachs Rate Outlook

Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

The pound to euro exchange rate finished last week in a strong position, finishing the week above 1.19 on the interbank rate of exchange. The pound benefitted from the lack of any interest rate cuts by the Bank of England at their latest interest rate decision meeting. Sterling also appeared to find some favour as the UK left the EU Friday night, as it underscored that yes, Brexit is happening and removed some of the uncertainty. The euro also lost some ground on Friday as...
GBP EUR Gains on Goldman Sachs Rate Outlook

GBPEUR Rate: Could MP’s Bullish Stance Regarding Brexit Push the Pound to Euro Rate...

The pound has begun to tread lower against the euro today and also during yesterday afternoon, as the message from the UK MP’s is that the deadline for Brexit remains intact. No News of Brexit Extension Causes GBP Weakness Some had hoped that there would be a delay to Brexit, or at least an extended deadline date for negotiations and for the deal to be in place owing to the pause in business globally due to the coronavirus. These hopes have been dashed recently though after...
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...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Telephone Post Brexit Talks, Helps the Pound Continues Its Climb Back up Against the...

The pound has continued its rival against the Swiss Franc after seeing a low at 1.1090, the pound has recovered to 1.1880. As the spread of Covid-19 has taken over the world and increasingly dominating headlines for the first part of 2020, it has been the first major topic to overshadow the Brexit story much talked about for the last 4 years in Europe but particularly the UK. With the coronavirus putting the world on lock down it had been feared that with...
GBP EUR Higher as German Inflation Hits 5%

Sterling – Euro Exchange Rates Remain Range Bound on a Quiet Day for Economic...

Yesterday the sterling to euro interbank exchange rate remained in a tight range, with a difference between the high and low for the day merely being 0.41%. The high of the day posted at 1.1508 and the low 1.1461. The GBPEUR rate appears to be at level of resistance and a pivotal point at 1.15, with very little for the market to feed off of today we saw little deviation either side. As the week progresses the economic data does heat up a little...
GBP EUR Gains on Goldman Sachs Rate Outlook

Brexit Pound to Euro exchange rate: How will Sterling react to Brexit this week?

The pound to euro rate is trading on the interbank rate at 1.1579, very close to some of the best rates for buying euros with pounds since May of this year. Parliamentary drama as Letwin amendment passes When the Asian markets begin trading shortly, we could see increased volatility as the currency market struggles to digest the developments this weekend. The developments include the passing of the Letwin amendment, which seeks to ensure Boris Johnson’s Withdrawal Bill has received parliamentary approval by the Lords before...
GBP EUR Drops with Lower German Unemployment

Pound to Euro falls on Brexit Concerns

As Brexit trade talks approach, investors’ concerns that the UK and EU will not reach a deal are being reflected in a weaker pound to euro and pound to dollar. Pound to euro is trading at 1.1095 and pound to dollar at 1.2330 following spikes to 1.1257 and 1.2360 earlier this week. UK Chief Brexit Negotiator David Frost said that the EU must change its position if a deal is to be reached as the current EU mandate is not one that the UK can...