Bank of England Policy Troubling Pound Sterling

Bank of England Policy Troubling Pound Sterling

Pound sterling to euro closed the day at 1.1060 yesterday, a similar level to where it began after dropping to 1.1020 at and threatening the psychological 1.10 level. Despite the low, pound to euro remained range bound during yesterday’s trading with only a 0.5 percent difference between the highest and lowest points. However, pound to US dollar saw gains as a weaker US dollar allowed pound to US dollar to gain more than 0.5 percent, reaching 1.2531 at its highest point before consolidating just above...
Pound Sterling Forecast – Mixed Fortunes for Sterling Exchange Rates Reflecting Uncertainty Ahead

Where Will Pound Sterling Exchange Rates Head This Week?

Boris Johnson to announce easing of measures – Will this increase the value of pound sterling? Later on this afternoon Prime Minister Boris Johnson is expected to announce a number of relaxations of the current lockdown measures in place for the U.K which may give the green light to a number of areas of the hospitality industry to start bringing in revenue once again. The announcements are expected during the daily U.K press conference and should be seen as a positive for the U.K economy as...
Pound Sterling Forecast – How will GBP perform in August?

Will Pound to Euro Fall further?

Pound to euro ended the week nearly 1 percent lower and pound to dollar more than 1.5 percent lower as the Bank of England increased its quantitative easing programme by £100 billion on Thursday. Pound to euro is now trading at 1.1040 and pound to dollar at 1.2350. The £100 billion increase in asset buying was in line with market expectations but investors had hoped for more and this was reflected in the pound’s downturn on Thursday and Friday. However, many suspect there will be...
Pound to Euro: Rocky Week for EUR as Eurozone GDP Crash Expected

Pound to Euro: Will the BoE Cut Interest Rates This Week?

The Bank of England are due to meet this week and all eyes will be on the decision whether to see if they will cut interest rates or not. The current interest rate in place is at just 0.15% which is the lowest in history. Rumours have been increasing in recent weeks that the central bank may be preparing to cut interest rates in an attempt to stimulate the British economy. UK Gross Domestic Product (GDP) fell by over 20% during the pandemic and the...
Pound to Euro Under Pressure; When Will this Improve?

Boris vs Jeremy and the impact on Pound vs the Euro

Boris Johnson vs Jeremy Hunt: What was their stance on Brexit? The euro is now trading close to its best level to buy pounds since the start of the year. The pound is facing huge pressure against a number of different currencies owing to the effect of the Brexit uncertainty as well as the Tory leadership challenge. Last night the two leadership candidates went head to head in a live televised debate. Jeremy Hunt accused Boris of 'peddling optimism' and claimed that the only important issue...
Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

Pound to Euro forecast: Will Boris become next British Prime Minister

Pound continues to slide against the euro The pound to euro exchange rate continues to fall lower after a poor run for the GBP to EUR pair over these last 5 weeks. Rates for GBP/EUR fell to a low of 1.1141 this morning which represents a 5 month low and which is at least presenting those looking to sell Euros with a great opportunity to convert. The pound has dropped by over 5 cents in these last 5 weeks which means the difference on a...
Pound to Euro Forecast – Possible Flextension

Will Boris help the Pound vs the Euro?

Will Boris win the leadership election? This week has seen the Tories vote heavily in favour of Boris Johnson to become the next Prime Minister. Boris won the first round of voting with 114 votes which was way ahead of the second candidate. Although there are still many votes to come it is difficult at this stage to see someone take the lead. Therefore, there is a strong possibility that Boris Johnson will replace Theresa May as Prime Minister next month. The impact on the currency markets...
Pound to Euro Under Pressure; When Will this Improve?

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...
Australian Dollar Jobs Data: Strong Performance to Match That of the Pound Sterling

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...
UK Government Announcements on UK Economy and Coronavirus Help Support the GBP vs USD

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...