GBP EUR Exchange Rate: Weekly Review July 16  

Will Incoming Prime Minister Sunak bring stability for the Pound?

The Pound begun the week in a strong fashion off the back of news that former Prime Minister Boris Johnson opted to pull out of the Conservative leadership contest. Britain’s former Chancellor of the Exchequer, Rishi Sunak is now confirmed to step into the role of Prime Minister making him the youngest Prime Minister in around 200 years. Perhaps the uncertainty being lifted as to who would become Prime Minister was behind the boost in the Pounds value yesterday, although since then we have seen...
GBP AUD Slumps After UK Cabinet Resignations 

Pound Sterling rises as Sunak expected to be third Prime Minister in a matter...

The pound has started off the week on the front foot against all major currencies, following another weekend of political twists and turns for the UK. As we headed towards the end of an eventful week, news broke that ex Prime Minister Boris Johnson was heading back from a Caribbean holiday to have a crack at  regaining his position at number 10, something that seemed a million miles away only a few weeks ago. As most readers will know, the UK is full of surprises at...
GBP USD Drops to 1.17 as UK Await Boris Johnson Successor

Liz Truss Resigns and the Pound falls in value against the Euro and US...

Liz Truss Stands Down After what has been the shortest reign in history for a British Prime Minister, Liz Truss finally resigned yesterday afternoon. The Pound Sterling exchange rate remained relatively stable during yesterday’s trading session as its likely the market had priced in the decision for Liz Truss to step down. However, as of Friday morning the Pound had really felt the impact of the uncertainty as to who could come and take the leadership in her place. Boris Johnson has been touted now as one of...

Pound set for another eventful day – Will the Pound rise or fall?

The Pound is set for a fairly volatile trading day again today, with politics being firmly in focus over the course of the day. The latest Chancellor Jeremy Hunt is due to release an emergency statement on the mini budget at roughly 11am today, which may involve further U-turns, tax hikes and changes to the plans laid out by Kwasi Kwarteng merely a few weeks ago. That mini-budget sent the markets into turmoil and dented the pounds value significantly, his exit and a U-turn recently have...

Will the government perform a U-Turn? Impact on GBPEUR & GBPUSD Rates

Will a u-turn be coming for the current government? Three weeks ago the Chancellor Kwasi Kwarteng announced his mini-budget. This caused a huge sell off for Sterling exchange rates. It also caused an issue for bonds and UK mortgages. However, since then the Pound Euro and Pound US Dollar has also improved. Indeed, Sterling Euro rates are currently close to a 2 month high creating some excellent opportunities to buy Euros with Pounds. The Bank of England recently stepped in and spent a huge amount of money to...
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 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...
Pound to Dollar Rate Drops to One-month Low

Will Sterling continue to recover following last week’s dramatic sell-off?

Yesterday the Pound begun the week in a strong fashion, following on from its recovery towards the end of last week. During last week’s trading session the Pound traded within an 8% range against the US Dollar and the trading range for GBP/EUR wasn’t far from this kind of dramatic trading range either. I would say that it was the most volatile week of trading since the Brexit vote took place back in June of 2016. The Pound begun to fall in value in the fall-out...
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 Soars Again After UK Employment Boost

Pound tests historic lows : Will this sterling weakness continue?

Sterling has continued to trade weakly since Monday, although we haven’t retested the absolute lows seen on Monday. At that time, GBPUSD levels hit 1.03, and GBPEUR 1.07, as the Asian session with thinner trading conditions saw the pound aggressively sold off and those record points reached. How would I have been able to trade at these rates is a very valid question, for any clients looking to maximise their currency potential from such scenarios. One key piece of weaponry to allow you to trade...