Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

What can we expect next for GBPEUR?

The GBPEUR exchange rate has been sliding ever since the UK election result and quite frankly there has been very little on offer to help any Euro buyers, the only news to help was the prospect of the UK raising interest rates. This has now been firmly quashed by the Bank of England and the only thing really for Euro buyers to look forward to is something unexpected. If you need to buy Euros with pounds I think you need to be carefully analysing...

Pound Euro Rates Clim Higher ahead of UM Inflation Hearings

Sterling exchange rates remain on the back foot as British uncertainties continue to drag the pound lower. The pound is making some headway this morning ahead of the UK inflation report hearings which could result in additional market movement for the pound. GBP EUR has picked up marginally after a terrible start to the week with rates for this pair sitting at 1.1088. Clients selling Euros are seeing an excellent opportunity to sell at this point and would be wise to consider loving sooner...
GBPEUR Rejected by 1.17 Price Level Again

GBP/EUR – Is parity a possibility? (Daniel Johnson)

MPC vote change weakens Sterling Sterling continues to fall in value against the Euro. The latest catalyst in it's fall, the UK interest rate decision. The interest rate is closely linked to inflation. Inflation is currently a major concern for the UK at one point bordering on 3%. Since then we have seen a drop to 2.6%, some believe this to be a negative for the UK economy. I however disagree, inflation is only beneficial if average wage growth is moving at a similar pace,...
Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey Hitting Record Lows

What can we expect for the rest of the week on the GBPEUR exchange...

Tomorrow is a vital day for the pound to Euro exchange rate as we get closer to understanding a bit more news form the Bank of England. Expectations are for a very busy day for the pound as markets digest exactly what we can expect from the outcome. There is a belief in some quarters the pound could rise rise but ultimately the recent fall in Inflation I feel makes any positive news for sterling much less likely. The rates could move quickly in either...

Super Thursday set to cause volatility on GBP/EUR (Daniel Johnson)

Sterling is a very bad spot at present. I find it particularly annoying considering how strong the UK economy was before Cameron's gambit to hold a referendum. Politicians with their own agendas has caused this monumental fall for the pound. May and Boris are also responsible for the current situation. Inflation is now a major concern, at one point it was as high as 2.9%. The latest data showed a drop to 2.6% which caused the pound to fall in value. I am of the...

Sterling has little chance of Strengthening (Daniel Johnson)

Pound Problems Sterling is in a terrible spot at present, languishing in the 1.11s on GBP/EUR at present. There are so many catalysts for Sterling's weakness it will be very difficult to see any significant rally. We are now starting to witness the damage caused by the vote to leave the EU. Inflation in the UK has been on a rapid rise of late hitting 2.9%. There was the chance that the Bank of England were going to raise interest rates should the rise continue....
GBPEUR Rejected by 1.17 Price Level Again

Sterling Makes Gains Following Poor Eurozone Data (Matthew Vassallo)

The Pound made some inroads against the EUR today, following some worse than expected Eurozone data this morning. Poor Manufacturing & Services figures caused the EUR to lose over half a cent against the Pound, which has given those clients holding Sterling some much needed respite. Sterling’s recent poor showing can be attributed to a number of factors, not least the uncertainty created by our on-going exit from the EU and whilst many regular readers may sick of hearing about Brexit, unfortunately it is likely to...

Inflation data causes Sterling weakness (Daniel Johnson)

UK Inflation influences GBP/EUR Investors are showing concern at the rapid rise in inflation. The uncertainty regarding Brexit negotiations has made  GBP/EUR drop to 1.1170 of late. The weak value of Sterling has caused imports to become more expensive. Importers are then raising the value of their goods up and these price increases are then passed on to the consumer. If consumers become reluctant to pay these higher prices this is when we could see a slow down in the UK economy. It is important to...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Volatile Day for GBP/EUR Rate (Ben Fletcher)

The Pound Euro exchange rate got off to a shocking start to the day dropping to a 8 month low in the 1.11's. This followed of the back of a fall yesterday afternoon because two members of the Bank of England, reduced hopes of a interest rate hike coming in the UK. However this afternoon Sterling rallied with the rain gaining over a percent at the high moving back into the 1.13's. Whilst many people were starting to brace for the worst with Sterling...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP/EUR Rates Flat Despite Positive Comments Regarding Prospective UK Trade Deals (Matthew Vassallo)

It was a quiet day of economic data for both the UK & Eurozone and this was reflected in the movement on GBP/EUR exchange rates. The Pound made marginal gains, moving the pair back above 1.13 at the high. The EUR continued to find support around this level, with investors seemingly waiting for the next major data release or media update regarding the economic standing of each economy. Much of the media’s focus today was on the weekend’s G20 summit, with UK Prime Minister Theresa May...