GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...
A Rollarcoaster Week for GBP EUR - Weekly Review June 18th 

Has the pound recovered? BoE announce emergency intervention

The pound and UK financial markets have been in turmoil over the last few days following the governments mini-budget announcement on Friday, where they pledged to cut taxes by billions of pounds. The budget is un-costed and will have to be debt-financed to cover the cost of the cuts. Monday’s session, saw cable (GBPUSD) drop to all-time lows, with GBPEUR rates hitting 2-year lows at the worst point of trading. The pound recovered throughout the day yesterday, and at one point was 1.5% up against...
 GBP EUR Higher After Inflation Hits Another High 

Bank of England and mini budget – The impact on Sterling exchange rates

The Bank of England increased interest rates for the 7th time in a row by 0.5% to take the base rate up to 2.25%, which was the biggest single rate hike in years. This caused the Pound to fall briefly against both the Euro and US Dollar as there were some predictions that the Bank of England may have raised rates by as much as 0.75%. As this didn’t happen the Pound plunged almost immediately after the announcement but managed to reverse some of...
GBPEUR UK election: Why haven't pound to Euro exchange rates fallen?

Pound hits record low against the US Dollar, and drops significantly against the Euro

Yesterday was a very difficult day for the Pound as financial markets appear to have lost faith in both the Bank of England’s monetary policy and the new cabinet’s mini budget. Last Thursday the new Chancellor of the Exchequer, Kwasi Kwarteng announced his mini-budget outlining plans for a raft of tax cuts. Then over the past weekend he pledged further tax cuts in order to try and reinvigorate the UK’s stalling economy and attempt to counter the increasing inflation rates not seen in decades. His plans...
GBP EUR Steady at Highs but Inflation Still a Risk

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 jumps on expectations that Liz Truss will announce huge economic plan – Sterling...

The pound has struggled to find many positive days in recent weeks, however, over the course of this morning we have seen sterling exchange rates creep up against all major currencies. The majority of this can be put down to a minor shift in sentiment and that investors and speculators alike appear to have some confidence behind the expected economic plans being muted by new Prime Minister Liz Truss. Expectations are for an economic package of £130 Billion to be announced in due course which would...
GBP EUR Exchange Rate: The Week Ahead August 15th

Will Liz Truss speech sink the pound today?

The pound could be in for another rollercoaster ride today, as investors will learn of Liz Truss' latest plans for the economy ahead. Delivering her speech on the closing day of the Conservative Party Conference, markets will once again get to deliver the verdict on how it feels the Government is doing. Sterling has made a very impressive rebound from the recent lows, with GBPEUR back over 1.15 and GBPUSD 1.12 in the last 24 hours. If we forget last week, these rates are near...
GBP EUR Higher Despite Dip in Inflation Figures

UK Inflation Rises Once Again ! Will the Pound Rise or Fall on the...

UK Inflation has risen to 11.1%, which is a 41 - year high. The pound is weaker against many currencies on this news, as the damage of rising prices to the economy is considered. Inflation has been a real problem for not just the UK, but also the global economy as central banks are forced to raise and adjust interest rates to combat the rise in prices of goods and services in the respective economies. Sterling might typically be stronger on the back of expectations that...
GBP AUD Moves Higher with a UK GDP Boost 

Will Sterling continue to lose value despite the Bank of England’s efforts?

Sterling exchange rates have begun the week on the back foot despite efforts from the Bank of England to support the currency and the UK economy as whole. After hitting an all-time low against the US Dollar two weeks ago, and an over 18-month low against the Euro at the same time, the Pound begun a fightback thanks to some backtracking by Chancellor of the Exchequer Kwasi Kwarteng after a disastrous first mini-budget. Those of our readers hoping for a stronger Pound will also be aware...
GBP EUR Could Head Lower After Growth Revisions

Pound Sterling Forecast – The Week Ahead for Sterling Exchange Rates

First and foremost it has been a tough start to the week in terms of economic data, which has led to a drop-off against most majors. Growth figures for the month came out at 0.2% instead of the predicted 0.5%, Industrial and Manufacturing production figures also missed the mark, which again just adds more fuel to the fire that a long and challenging recession is fast approaching for the U.K. Our condolences to the Royal family after the terrible news that Her Majesty had passed on...