Pound to Euro rates stuck under 1.12 as investors wait for substantial news on Brexit

Pound to Euro rates stuck under 1.12 as investors wait for substantial news on...

Recession and Bank of England interest rate fears The pound to euro exchange rate has been rangebound, operating in a fairly narrow band, as the market awaits some more concrete news regarding the latest outlook on Brexit. Brexit remains the main source of discussion for the pound although other factors have captured headlines too in recent weeks, including the prospect of the Bank of England cutting interest rates, and also whether the UK is headed for recession. Welcome rates for Euro sellers This is great news for...
Pound to Pound to Euro forecast Politics and Brexit to Drive GBPEUR ratesexchange rate remains under pressure as no-deal risk increases, could GBPEUR drop below 1.09?

Boris vs Jeremy and the impact on Pound vs the Euro

Boris Johnson vs Jeremy Hunt: What was their stance on Brexit? The euro is now trading close to its best level to buy pounds since the start of the year. The pound is facing huge pressure against a number of different currencies owing to the effect of the Brexit uncertainty as well as the Tory leadership challenge. Last night the two leadership candidates went head to head in a live televised debate. Jeremy Hunt accused Boris of 'peddling optimism' and claimed that the only important issue...

Will the pound to Euro rate rise or fall on the German election?

Expectations for the Euro are that it could well rise further on the back of the German election but of course there are no guarantees of what lies around the corner. We did expect the pound would rise on the back of the UK election but it did in fact fall and there is always this kind of element of risk with any political situation no matter how likely or unlikely an outcome is. Therefore if you are selling Euros and hoping the pound will...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP EUR Rates Head Towards 1.14

The pound has seen yet another great day making strong gains across the board including the Euro. GBP EUR exchange rates reached a high of 1.1396 earlier today before coming of the highs. Monetary Policy Committee member Vlieghe said today that interest rates will need to rise more than once if the economic recovery develops as expected. His comments reinforced the view that the Bank of England means business in terms of raising interest rates. There has been some suggestion that there could be some...

Will GBEPUR remain above 1.10?

The pound to Euro rate has risen against the lines of expectation as we witness the UK Inflation level rising which puts pressure on the Bank of England to raise interest rates. Personally I do no think that the BoE will actually raise rates and tomorrow's Interest rate decision meeting will be crucial to understanding the likelihood of this happening. All in all there is an expectation that Inflation will continue to rise and this should put pressure on the Bank to raise interest rates,...
GBPEUR rate remains steady as markets await the Autumn Budget

Where next for Sterling Euro exchange rates? (Tom Holian)

The Pound made some very positive gains vs the single currency on Friday trading session as the UK posted some better than expected Manufacturing data. The figures saw an increase owing to the low value of Sterling exchange rates which encouraged a huge amount of overseas orders. This caused the Pound vs Euro exchange rate to hit as high as 1.0970 yesterday but I think the gains will be short lived as the topic of Brexit will continue to dominate the headlines. At the moment we are...

GBP EUR Rates after ECB Meeting

The pound continues to remain under pressure against the Euro for the two principle reasons of Brexit and a strong Eurozone economy. Brexit remains the single biggest driver for sterling exchange rates and the lack of clarity over where it will end up is keeping sterling at bay. The Great Repeal Bill is being debated in parliament and will be voted on at midnight on Monday next week. This is crucial in terms of getting the legislation through to avoid any legal cliff edge...
GBPCHF rates hit near 3-month highs

ECB decision fails to inspire the Euro

The European Central Bank (ECB) has today confirmed the expected news that yes ultimately they will be looking to taper their QE program. There is a strong belief that the ECB will in the future withdraw the stimulus that they have been injecting into financial markets which have been essentially propping up the Eurozone. With high unemployment and low growth the ECB were forced to act, is now the right time to be scaling back though? In essence the ECB have been very positive today...
GBPEUR rate remains steady as markets await the Autumn Budget

Mario Draghi to influence pound vs euro exchange rates

Tomorrow afternoon the European Central Bank will release their latest interest rate decision alongside the Presidents speech. No change in interest rates is expected therefore rates should remain at 0%, however it's the statement by Mario Draghi that could have a major impact on pound v euro exchange rates. Many economist believe there is a chance that the President could elaborate on when the ECB will taper the quantitative easing (QE) program. QE is essentially when a central bank pumps money into the economy in...

Will the Pound Hit Parity?

After a bad week for sterling exchange rates the pound has tumbled further against the Euro after the third round of Brexit negotiations ended badly yesterday. There appears to be a lack of agreement between the British exit bill and any potential future trade relationship whilst the EU are not willing to discuss the latter until “sufficient progress” has been made on the divorce settlement. The lack of certainty is now causing concerns for businesses and individuals and this is reflecting in the weaker...