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...
Pound to Dollar Rates: Pound Sheds Brexit Deal Gains

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 Gains After Weaker German Retail Sales

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...
EUR GBP Moves Higher Ahead of UK GDP Update

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

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

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 Rallies After Bank of England Rise in Interest Rates

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...

Euro strengthens as ECB board member drops hint

We've seen the Euro strengthen during today's trading session, as a member of the European Central Bank has dropped a hint regarding next week's June ECB meeting. The ECB's Peter Praet has given us a strong hint during a speech in Berlin that next weeks meeting could see the ECB signal the end of their assett-purchasing programme. Some economists are expecting to see September as the cut off point which is actually an shorter time frame than initially expected. Personally, I'm expecting to see the...
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...

Euro weakens as Italian Government fails to form – How may this impact Euro...

The on-going political crisis in Europe has now deepened as news hit the wires over the weekend that the Five star movement and League parties had failed to come to an agreement and form a Government for Italy, heightening political instability in Italy and leading to Euro weakness. This may now pave the way for fresh elections in Italy and will more than likely lead to another long period of uncertainty not only for Italian politics but also for the Eurozone as a whole. There are...