GBPEUR Rejected by 1.17 Price Level Again

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...
Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey Hitting Record Lows

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...
GBPEUR Rejected by 1.17 Price Level Again

GBP/EUR Forecast – Where Next for the Pound? (Matthew Vassallo)

Sterling found some support against its Euro counterpart during Wednesday’s trading, with GBP/EUR rates moving back above 1.08. The Pound has hit a high of 1.0885 this morning, before retracting slightly ahead of the release of the Eurozone Unemployment Rate at 10am. With a figure of 9.1% unemployment predicted and likely factored into the current Euro value, we can expect additional volatility on GBP/EUR rates later this morning if the official figure is released varies. Those clients holding Sterling should be looking at this improvement as...

Will GBPEUR hit parity?

This is the big question at the moment on investors lips as the pound continues to struggle and the Euro continues to gain in value. Overall there is an expectation that the pound will eventually rise but with the strength of the pound being inextricably linked to the developments on Brexit, we could be waiting quite some time! In the absence of any new news the pound will likely continue to remain weak, investors will be very cautious over the UK and the pound until...
Pound to Euro Drops as Virus Drama Returns to London

Will Sterling’s Recent Decline Continue? GBP/EUR Forecast (Matthew Vassallo)

The Pound found some support during Thursdays trading, following further losses against the EUR earlier this week. GBP/EUR rates have hit a high of 1.0874 this morning, with the EUR now likely to find some support around 1.09. Those clients holding the Pound will be looking at the current rates with some distain but the truth is, things could continue to get worse before they get any better. Sterling dropped to a low of 1.0826 against its EUR counterpart on Wednesday, with the single currency trading close...
GBPEUR Rejected by 1.17 Price Level Again

GBPEUR continues to fall

In recent weeks the pound has been trading at close to 7 year lows. Their are three main reasons why GBPEUR exchange rates are trading at these historic levels and they are Brexit uncertainty, Mario Draghi is painting a positive picture in regards to the state of the European economy and the US dollar continues to devalue which is causing currency flows out of the US dollar and into the euro.  For short term euro buyers trading sooner rather than later seems wise. To finish the week...

What can we expect next for the GBPEUR exchange rate?

The pound will likely remain on the weaker side now as the market braces itself for the next developments with Brexit. We know already that the pound is struggling to make many gains, it really does appear that things could get worse before they get better. If you have a transfer to make then getting the best rate is key to maximising your position. So just how can I maximise my position and what should I be doing to ensure I don't get caught...
GBPEUR Rejected by 1.17 Price Level Again

Sterling Gains Against the Euro (Ben Fletcher)

The GBP/EUR rate moved back above the 1.10 level today, however dropped below that point at the close of business. The main reason for Sterling gaining against the Euro today was the good news regarding wage growth, which following a no change to inflation yesterday helped gain back the lost ground. Tomorrow there could be even further volatility with the latest inflation data for the Eurozone set to be released. Eurozone Inflation There has been much speculation from analysts over the future decisions of the European...

Will the Pound continue to struggle against the Euro? (Tom Holian)

The Pound has continued to fall against the Euro as predicted in my previous articles as UK inflation published yesterday saw a drop compared to the expectation. The figure came out at 2.6% compared to 2.7% and this caused the Pound to fall to its lowest point since October vs the single currency. UK unemployment data which has been a shining ray of light for the economy is due out this morning with the expectation for 4.5%. The problem that the UK economy is facing however is...
GBPEUR Rejected by 1.17 Price Level Again

Come on the pound!

It is really getting quite annoying now just seeing the pound lose value week after week. I mean don't get me wrong, we know why it is happening, but it just seems to have a real dampener on the general mood in the UK! Of course this is great news for anyone holding Euros (or another currency) and looking to buy sterling. But with the UK being a net importer (we buy more from overseas than we sell) a weaker pound has a net...