GBP EUR Drops Below 1.1800 Ahead of BoE Decision

Pound Edges up vs the Euro and When Should I Buy Euros?

The pound euro exchange rate has been recovering over the last few days seeing an improvement of over 7 cents since the recent low hit two weeks ago. The pound euro exchange rate had hit the lower levels of 1.05 before the Bank of England intervened by adding a huge amount of Quantitative Easing as well as cutting interest rates to just 0.1%. This helped support GBP exchange rates against a number of different currencies including vs the US dollar which had hit their lowest...
Pound to euro Awaits ECB Rate Decision for the Next Path

Pound to Euro Exchange Rate Tops 1.12 This Morning

The GBP to EUR interbank exchange rate reached a high this morning of 1.1208 despite market concerns over a prolonged battle against Covid-19. The global number of Covid-19 cases has exceeded 700,000 and it will not be long until the million mark is surpassed. Governments around the world continue to see what measures they will need to take to stimulate their own domestic economies against the economic damage caused by the virus. Heated Discussion Between EU-27 Leaders There was a heated debate by the EU-27 leaders last...
Pound to Dollar Rate Choppy Ahead of BoE Meeting

US Dollar Weakens Against the Pound After Further US Jobless Claims

The Pound has started to fight back vs the US Dollar over the last few days and had a huge recovery vs the Greenback yesterday. The US confirmed that 3.28million workers filed for unemployment insurance following the recent virus outbreak. GBPUSD exchange rates managed to break just above 1.22 which is approximately 8 cents higher than the recent lows seen earlier this month. Indeed, the US Dollar hit its best level vs the Pound in 35 years creating some excellent opportunities to sell US Dollars...
Pound to Dollar Rate Recovers Losses

Pound to US Dollar Exchange Rate Jumps Back Above 1.24

The pound against the US dollar has seen a rebound back above 1.24 on the interbank exchange rate from the lowest level we saw in the market at 1.1409 on the 19th March 2020. This represents nearly a 10 cent movement from the low seen just over a week ago and the biggest movement in many years. US Sees Largest Number of COVID-19 Cases, Is the Pound to Dollar Forecast to Go Higher? The latest coronavirus statistics is that the US has the highest number...
Pound to Dollar Rate Drops to One-month Low

GBP to EUR Outlook: Sterling Rallies Over 1.12 Against the Euro, What Could Happen...

The pound to euro exchange rate has boosted higher breaking over 1.12 for GBP vs EUR in afternoon trading on Friday. The pound initially fell lower against the euro after it was announced that UK Prime Minister Boris Johnson has the coronavirus along with health secretary matt Hancock before making a strong recovery making good ground. Those looking to buy euros have been presented with better levels amidst the corona pandemic. Professor Chris Witty, the chief medical officer for England has too shown symptoms...
New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

New Zealand Dollar Exchange Rate: Investors Flee Leaving NZD Behind

Into the middle of the trading week, the New Zealand dollar has fared no better over today’s Asian trading session. The Kiwi currency is still struggling to overcome the pressure put on it by the coronavirus crisis. The drop in NZD came as investors began as foreign investors cashed in their holdings in a flight to safety over the worsening state of the global pandemic. The kiwi was trading at 59.60 US cents at 5pm in Wellington, off the day's low at 59.13 -...
The Pound Continues Its Fightback

The Pound Continues Its Fightback

The pound has continued its fight back against the euro this morning with GBPEUR exchange rates climbing by 1%. At the start of the week the pound had slumped to multi year lows but over the last 3 trading days we have seen an increase in the pounds value. Some would argue that quite simply the pound has been purchased heavily in recent days due to the currency becoming extremely cheap and that’s the reason for the pound’s recovery. Why Did the Pound Fall Against...
GBP EUR Looks to Employment Figures for Support

Positive End to the Week for the Pound Despite PM and Health Secretary Being...

The pound looks set to end the week above 1.11 against the euro, which is a welcomed boast for the currency which has suffered big losses as the markets reacts to the outbreak and global spread of the Covid19 virus. At the start of the week the pound had fallen to 1.0639 against the euro, taking us back to lows last seen in August 2019. With it quickly becoming evident that the whole world would be hit financially by the spread of the coronavirus....
Pound to Dollar Rate Pares Losses

Pound Recovers Against the Euro and Is the Recovery for Sterling Here to Stay?

The pound to euro exchange rate has recovered towards the end of the week trading above 1.12 vs the euro during Friday afternoon’s trading session. The FTSE 100 has also started to show signs of recovery after some huge falls during the last few weeks. One of reasons why sterling exchange rates may have improved could be attributed to what is happening in the UK’s stock market as it appears as though investors are moving money back in to the FTSE100 and this has...