Pound to Euro Starts the Week off Steady

Pound to Euro: COVID-19 Fears and Brexit Talks Weigh on GBP

The pound to euro and US dollar rate is once again under pressure, as global sentiment appears to be in decline and the risks of a second wave of Coronavirus appears to also be rising. This has caused the pound to euro to fall to its lowest level since the third of March and at the moment there is little to be optimistic about Sterling. The GBPEUR exchange rate has dropped below 1.10 on the Interbank level on Friday and has now touched the inverse rate...
Pound to Dollar Rate Pares Losses

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...
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...
GBP EUR Flat Despite Government Debt Pressure

Pound to Euro Falls Below 1.10 Amid Brexit Uncertainty

Pound to euro slipped below 1.10 during Friday’s trading as Brexit uncertainty and the prospect of an L-shaped recovery weighed on the currency pair. Pound to euro had remained rangebound between 1.10-1.11 but as investors turned their focus to UK domestic issues, the pound slid. Whilst pound to euro only fell 0.5 percent over the week, the currency pair has now breached a key resistance level, which leaves the door open for another move lower. Brexit was always going to be an Achilles heel for...
GBP EUR Higher After French Economy Shrinks

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...
GBP EUR Slumps After Stronger Euro Growth

How will the bank holiday impact GBP/EUR rates? (Joshua Privett)

With the Bank holiday just around the corner, those who have been involved with currency for a long time will be aware of the irregular effects this brings on GBP/EUR exchange rate movements for the day. The bank holiday is only in the UK, so Europe and the rest of the world will continue their normal activity whilst UK traders like myself are forced to the sidelined. Given the current situation in the UK, it seems likely that this will lower the value of the Pound...
GBP EUR Slumps with Lower GDP Print

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...
GBP AUD Lower on RBA Governor Rate Outlook

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...
GBP EUR Slumps Despite UK Rates Lift-Off

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...
GBP EUR Higher After European Central Bank Rates

Pound to Euro rate hits a 1-month high as Euro weakens due to Italian...

The Euro fell another half a percent against the Pound yesterday, after news broke over the weekend that the expected Italian coalition government is no longer looking likely to form. There were expectations that the five star movement and League would form the coalition over the weekend, but the Italian President Sergio Mattarella cancelled talks after the coalition put forward Eurosceptic, Paolo Savona for finance minister. The markets were already weary of the unfolding's in Italy due to the populist and Eurosceptic leanings, along with...