GBP EUR Exchange Rate: Weekly Review July 16  

Pound to Euro rate drops in wake in Dutch election results, where to next...

The Pound has continued to lose value against the Euro throughout the month, and despite making a few fight-backs the currency is now lodged below the 1.15 mark at the mid-market level. Late last night it was announced that Dutch Prime Minister Mark Rutte won the most seats in the parliamentary election, and defeated far-right hopeful Gert Wilders who was predicted to put in a strong performance. Had Wilders of won more seats or put in a stronger performance I would have expected to see...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Brexit Date and UK Economic Data – Pound vs Euro rates (Tom Holian)

Prime Minister Theresa May has set out guidelines for the UK's date and time to leave the EU in law and claiming that she will not 'tolerate' any potential plans to block the Brexit. May has claimed that the EU Withdrawal Bill will be formally changed on Friday 29th March 2019 and as we are already almost 6 months into the discussions this is a clear line in the sand by Theresa May. This means that the government are absolutely committed to pushing through Brexit but...
GBP EUR Lower Despite Weaker Euro Data 

Sterling Euro set for another difficult week ahead (Tom Holian)

The best exchange rates for buying Euros was 3 cents higher than the low during the course of a week highlighting how volatile GBPEUR rates have now become since December. Global stock indices crashed during the course of the week and it wasn't until Friday that we saw a bit of normality resume with oil prices rising by as much as 10%. This helped Sterling to rise against the single currency during Friday's trading providing a very short window of opportunity to buy Euros near the...
GBP EUR Exchange Rate: Weekly Review July 16  

Another Volatile Morning for GBP/EUR Exchange rates! (Matthew Vassallo)

It’s been another volatile morning for GBP/EUR exchanges rates, continuing the recent trend on the pair. The Pound has suffered losses following a referendum poll in the Guardian last week, which indicated the Leave campaign had taken a narrow lead. Whilst these pre polls are not a definitive guide to the actual outcome, they seem to be holding a lot of sway with investors who are having to factor in both eventualities. This means we are seeing bigger swings on the market and whilst...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Could Tough Brexit Negotiations Halt Sterling’s Rise? (Matthew Vassallo)

The Pound has enjoyed a positive run against the EUR of late but has found resistance around the current levels over recent days. With the pair now trading around 1.18, having hit a high of over 1.19 over the past couple of weeks, it indicates that the EUR is finding a lot of support under 1.20. As regular readers will know this is a key resistance level on the pair and I certainly feel we need to see another shift in market sentiment, in order for...
GBP EUR Slumps After Stronger Euro Growth

GBP/EUR rate drops to just above 1.17 (Ben Fletcher)

Sterling lost more ground today as the rate simmered just above the 1.16’s after a large drop this afternoon. This morning the unemployment levels in the UK showed a decreased however many sceptics suggested it will take time for the Brexit to influence the rate and a drop is coming. There hasn’t been much overly negative data since the Referendum with only small pockets of data suggesting much has changed. Bank of England Monetary Policy Decision Tomorrow the BoE will once more vote on the Interest...
Pound to Euro Forecast - Leadership Contest Drives GBP/EUR Rate Lower

Euro Sellers Getting Nervous- Will Draghi Be Able To Wave His Magic Wand Again?...

Whilst sterling has taken a slight wobble this week due to the national deficit once again rising (it was supposed to come down according to the Coalition wasn't it?!) giving credit rating agencies pause for thought, the Euro is likely to have a very testing week again next week.  Whilst we do have the Bank of England decision next week nothing is expected to change there, and some UK releases like Services PMI are forecast to be positive. However market attention on the Euro is...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

The Euro is paying the price for the lack of resolution on Greece’s Debt

Greece is currently €320bn in debt and Eurozone finance ministers are due to hold emergency talks to discuss Greek plans tomorrow. There is rumours of the European Central Bank (ECB)  proposing a 6 month extension and reorganising of Troika. However I personally cannot see a resolution being reached until a lot closer to the conclusion of the existing bail out plan on 28th February. Greek defence minister Panos Kammenos has stated there is a "Plan B" for Greece should negotiations fail. He has said that Greece will...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP/EUR Overview (Matthew Vassallo)

The EUR made some early inroads against Sterling during Tuesday morning's trading, moving over half a cent before lunch to a high of 1.2376. This movement was not predicted and once again proves how unstable and volatile GBP/EUR exchange rates continue to be. 2012 has been quite a year for our most popular traded currency pair. We started 2012 with various analyst’s predictions, ranging from parity to 1.40 on the pair. This left many clients scratching their heads wondering who to believe, all the while reaffirming...
Pound to Dollar Rate Drops to One-month Low

Are we Witnessing the Calm Before the Storm? (Matthew Vassallo)

Thursday has seen a relatively flat day for the GBP/EUR currency pair, as the markets seem to be waiting for the next significant move either in Europe or the UK. The pound has struggled to make any inroads today, despite a drop in UK unemployment and today's announcement that retail sale figures were up in September. Both of these would usually be viewed as a positive for Sterling but whilst our growth forecasts remain weak, it is difficult for the Pound to make any significant moves back...