Pound to Euro forecast: When should I buy Euros?

Pound to Euro forecast: When should I buy Euros?

Sterling continues to struggle against the Euro: Key market events to look out for The pound over the last 8 weeks has struggled against the euro. Pound to euro exchange rates have dropped by 5%, to put this into monetary value a €250,000 purchase now costs an additional £11,450. This month there are a few key events to look out for which will have a major impact on the currency pairing. Brexit This month 160,000 Tory members will vote on who they want the next Prime Minister...
Pound vs Euro exchange rate How will Mark Carneys speech affect rates this week

Pound vs Euro exchange rate: How will Mark Carney’s speech affect rates this week?

Chancellor warns of leadership plans Pound vs euro exchange rates remain range-bound, with the interbank rate currently at 1.26 at the time of writing. The Chancellor of the Exchequer has spoken out about the plans made by Boris and Jeremy Hunt. Philip Hammond has said that their plans 'greatly exceed' what is available with the Treasury. In the last few years the Treasury's surplus has increased. However, not by as much as what the two candidates have pledged. We are now just three weeks away from...
Pound to Euro outlook Could pound to Euro exchange rates rise back above 1.10?

Pound to Euro exchange rates: Sterling volatility as Boris Johnson and Jeremy Hunt do...

Who will be the next Conservative Leader? We probably know the answer to this question, our Marmite politician Boris Johnson. The pound to euro exchange rates are volatile, under pressure from the uncertainty of the Tory leadership contest which is now in its final stage. His position to become PM further strengthened as Michael Gove and Sajid Javid became the latest contenders to be eliminated. Only two candidates remain with Jeremy Hunt battling to beat Boris Johnson to number 10. Whilst Boris is clearly the favourite,...
Pound to Euro Forecast - Brexit Extended

Eurozone showing signs of a slowdown and could a Brexit deal happen this month?

The Pound has fought back during the course of this week against the Euro after the Eurozone economy showed signs of a slowdown. Eurozone GDP figures showed a fall to their lowest level in four years as they fell 0.4% from the previous quarter. Clearly the Brexit uncertainty has helped to keep the Pound under a lot of pressure against the Euro but there are also a lot of problems on the continent at the moment. Italian growth has fallen to 0% even though the government are...
Pound to US Dollar rates influenced by political uncertainty in the UK

3 stumbling blocks ahead for Sterling vs the Euro

Sterling has had an interesting week vs the Euro but started to drop during Friday afternoon's trading session as speculators sold off the Pound in advance of this weekend's Conservative Party Conference. In recent weeks the Tories have been rather divided and if we have more evidence of it this weekend I think this could cause a problem for Sterling exchange rates during the early part of next week. Indeed, when Theresa May gave her statement last week she announced that she was committed to following...
Further falls for GBP/CHF exchange rate

GBP/EUR Forecast – Brexit Developments Continue to Drive Market Sentiment

GBP/EUR rates have moved back towards 1.14 this morning, following a dip for Sterling during Thursday’s trading. This downturn could be linked to the latest Brexit update. Reports yesterday indicating that UK Prime Minister Theresa May had to concede ground to Brexit secretary David Davis, regarding the customs union and Northern Irish border. These developments could further weaken the PM’s position, although on the flip-side they may also help to quell market fears that Davis was on the verge of stepping down from his position. If this...

Euro weakens as Italian Government fails to form – How may this impact Euro...

The on-going political crisis in Europe has now deepened as news hit the wires over the weekend that the Five star movement and League parties had failed to come to an agreement and form a Government for Italy, heightening political instability in Italy and leading to Euro weakness. This may now pave the way for fresh elections in Italy and will more than likely lead to another long period of uncertainty not only for Italian politics but also for the Eurozone as a whole. There are...

What to expect for Pound vs Euro next week

Sterling Euro exchange rates have remained in a very tight range during the course of this week and although we have seen a lot of movement against a number of different currencies the GBPEUR pair has hardly moved over the last few days. During the middle of the week UK inflation data showed a fall to 2.4% and this means there is less evidence to support an interest rate hike in the near future and this has caused the Pound to struggle against the single...
Sterling on shaky ground

GBP/EUR rates dependent on UK economic data and EU politics this week

So far the week has been fairly flat for GBP/EUR exchange rates once, but there is plenty of economic data due out over the next few days that should create some volatility. Tomorrow we have the release of U.K inflation figures  along with a flurry of data from the Eurozone as the morning progresses. Inflation in the U.K is expected to have dropped off a little, from 2.5% to 2.3% and this may result in a drop in the value of Sterling against the Euro if...
Pound to Euro rate: Italian debt a threat to the Euro

Italian Politics and a positive end to the week for the Pound

It appears as though Italian politics are causing the Euro a problem as the Pound has shown signs of improvement and even EURUSD exchange rates are close to their lowest levels in months. Both the Italian parties the 5 Star Movement and Lega have both proposed plans to leave the EU in the future and this is clearly a cause for concern. They have also suggested that they will look to increase pensions for older Italians as well as considering a plan to create an amnesty...