Pound rebounds following lighter than expected inflation figures

Wednesday’s trading session saw the pound on the front foot, gaining back some of the losses from the past week against a basket of currencies. Inflation data released in the morning showed price growth slowed in July for the first time since September 2021. Could this be a signal that the cost-of-living crisis has begun to ease in the UK? The Bank of England stated last month that they expect inflation to peak at 13%. The drop in price growth does pose an interesting question...

Will the Pound Remain Steady after Surprise Dip in Inflation ?

The pound has been relatively steady today following a surprise dip in the headline Inflation numbers. In welcome news across the country, the number came in at 9.9% higher year on year for August, versus the 10.2% numbers from last month for July. The important point is the number has been trending higher since the beginning of the year so this marks a turning point and could potentially signal a change in policy ahead. Inflation is very influential on interest rates, and interest rate...
A Rollarcoaster Week for GBP EUR - Weekly Review June 18th 

Will the pound keep rising against the Euro and when is the best time...

The pound to Euro exchange rate has bounced back from the recent lows rising above 1.16 and making a brave challenge for 1.17 in the last 24 hours. Some fresh confidence that finally, the British government is going to do something about the awful cost of living crisis facing the UK has seen investors take advantage of the recent lows of sterling and buy in some speculative positioning. It might be argued that all this has done is stem the tide of a majorly depreciating...
Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
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...
GBP EUR Higher After European Central Bank Rates

GBPEUR Exchange Rate: Week in Review August 21st

The GBP to EUR exchange rate dropped last week as the pair failed to hold onto the new yearly highs.
Pound to Euro Starts the Week off Steady

Pound to Euro Exchange Rate Inches Higher

The pound has recovered further this week with positive movement against both the euro and the US dollar, and taking rates to a twenty-day high against these currencies. GBP to EUR currently sits at 1.1170 and GBPUSD is at 1.2580. The UK Chancellor Rishi Sunak announced substantial measures on Wednesday to promote economic activity including a major change to the stamp duty threshold at which tax is paid on property sales as well as initiatives to try and get customers back into restaurants and on...
GBPEUR summary: Eurozone leaders agree short term solutions

GBPEUR summary: Eurozone leaders agree short term solutions

Late Thursday night, Eurozone leaders announced a financial package designed to help provide some confidence in the face of the economic uncertainty presented to single bloc economies by the Coronavirus pandemic. Whilst the euro has been weaker because of investors lack of faith in the response so far, and this does so go some way to address the immediate concerns, the euro remained at similar levels to the close on Friday. This is because the measures taken do not address the wider, deeper concerns over mutual...
GBP USD Exchange Rate Edges Away From 21-Month Lows

Pound to Euro outlook: GBP/EUR rate hits 1.1061 on the interbank rate, could it...

Promising news of a Brexit compromise boosts GBP/EUR rate The pound to euro exchange rate has jumped to 1.1061 on the interbank exchange today, representing the best time to buy euros with pounds since July 29th. The improvement is following news that German Chancellor Angela Merkel will consider a change in the current stance from the EU towards the UK. Expectations that perhaps the Irish backstop issue could be resolved have helped the pound to shake off some of the no-deal blues which had seen...
GBP EUR Exchange Rate: Weekly Review April 9th

Pound to Euro Outlook: Are GBP/EUR exchange rates likely to fall further?

Boris Johnson and his cabinet preparing for no deal Brexit The sensitivity of GBP/EUR levels to the latest news in the currency market was highlighted again today, with the news over the weekend that Boris Johnson appears ever ready for no-deal Brexit, adding to an increasingly uncertain mood for the pound. No amount of positive rhetoric from the new British PM appears to be calming investors nerves over the damage no-deal will do to the economy ahead. After rebounding against most currencies last week, the pound...