Pound to Pound to Euro forecast Politics and Brexit to Drive GBPEUR ratesexchange rate remains under pressure as no-deal risk increases, could GBPEUR drop below 1.09?

Pound to euro: Will the pound recover against the euro?

Over the last month pound to euro exchange rates have plummeted from the high 1.17s to the mid 1.12s at the time of writing this report. For clients that are making an upcoming currency transfer of pounds to euros the fall means that a €200,000 purchase now costs approximately £8,000 more compared to only 30 days ago. Will pound to euro exchange rates recover? The golden question many of my clients are asking is whether the GBP/EUR rates will recover in the upcoming weeks and months. The...
Pound to Australian Dollar Outlook with Boris Johnson as Prime Minister

Pound to Australian dollar forecast: RBA cuts base rate to historic 1.25% low

The pound to Australian dollar is fractionally weaker following the decision by the Reserve Bank of Australia (RBA) to cut interest rates to fresh lows of 1.25%. Will the RBA introduce further cuts later this year? The move, which was widely anticipated has seen the currency drift slightly lower, but investors will now be poring over the decision, and seeking to anticipate the next move. There is speculation that the RBA might even begin to cut rates further in the future, particularly if the Australian economy continues...
Pound to Canadian Dollar Exchange Rate ahead of New British Prime Minister

Pound to Euro exchange rate forecast: Sterling falls due to UK politics

In today's pound to euro exchange rate forecast we look at the last 14 trading days, during which time the pound has devalued daily against the euro. At the start of the month pound to euro mid market exchange rates were trading close to 1.1750 and at the time of writing this report mid market exchange rates are 1.1320. The pound has been on the decline due to political events in the UK. Will Theresa May's Brexit deal get the green light? UK Prime Minister...
Pound to Euro outlook Political events affecting the GBPEUR exchange rates

Pound to euro forecast: Should I buy euros now?

Over the last 2 weeks the pound to euro rate has been declining with mid market exchange rates dropping from 1.1775 to 1.1450 at the time of writing this article. To put this into monetary value a £200,000 transfer now generates clients €6,500 less. Even though the pound is declining I personally believe now is a good time to buy euros as rates could fall further in the upcoming weeks. Leadership contest to rock pound to euro rate UK Prime Minister Theresa May announced yesterday that...
Pound to Euro exchange rate Is the current Sterling spike justified?

Divided opinion sees the Pound fall against the Euro

The brother of Boris Johnson has resigned and is now the sixth minister to resign under Theresa May's government owing to the course of the Brexit plans. Jo Johnson has said that the UK will need to 'pause and reflect' before taking any final decisions over Brexit. He has also called for another referendum and had claimed that the current plan is not what has been promised previously. This has caused the Pound against the Euro to fall from its recent six month highs as it...
Pound to Euro Forecast - Brexit Extended

Eurozone showing signs of a slowdown and could a Brexit deal happen this month?

The Pound has fought back during the course of this week against the Euro after the Eurozone economy showed signs of a slowdown. Eurozone GDP figures showed a fall to their lowest level in four years as they fell 0.4% from the previous quarter. Clearly the Brexit uncertainty has helped to keep the Pound under a lot of pressure against the Euro but there are also a lot of problems on the continent at the moment. Italian growth has fallen to 0% even though the government are...
Pound exchange rates up following positive Brexit news

Could a Brexit deal be reached in the next few weeks and the impact...

The Pound has hit its best level to buy Euros in over three months as the Brexit talks appear to be moving on after hitting a stalemate just two weeks ago. Head of the EU Commission Jean-Claude Juncker has suggested that although a deal may not be a reached this month the chances of it being agreed in November are improving. This has given the Pound some much needed positive gains vs the single currency creating some excellent opportunities to buy Euros if you're in the...
Negative Retails Sales Figures put further pressure on GBPEUR

Pound hits lowest rate to buy Euros in 2018 caused by the potential of...

The Pound vs the Euro is now trading at its lowest level to buy Euros all year. The latest topic surrounding Brexit has not gone well and it appears at the moment that we're facing a no deal Brexit which has sent the Pound into a bit of free fall against the Euro. Since the talks began they have typically resulted in a lot of negativity for Sterling exchange rates against a whole host of major currencies and in particular vs the single currency. This...
Negative Retails Sales Figures put further pressure on GBPEUR

Pound falls against the Euro after Bank of England rate hike

The Pound came under renewed pressure against the Euro towards the end of the week even after the Bank of England chose to increase interest rates from 0.5% to 0.75% on Thursday. The Pound briefly touched toward 1.13 in the thirty minutes following the announcement but then the press conference confirmed what a lot of people have been thinking in that it will be some time before we see another interest rate hike. Part of the reason for Thursday's decision was to allow the Bank of...

GBP EUR ahead of Bank of England Meeting Today

The Bank of England meet today and will decide on whether or not to raise interest rates. Although the central bank is expected to hold rates the markets will be interested in the minutes which will include how members vote and also the commentary coming from Governor Mark Carney. The economic data over the last months has been softer which has given the Monetary Policy Committee a good reason to hang fire. The ongoing uncertainty with Brexit is also being cited as being a...