GBP EUR Exchange Rate: The Week Ahead October 31st

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...
GBPEUR Supported by Boris Johnson Reopening Update

GBP/EUR Forecast – Sterling Finds Some Support After Last Week’s Heavy Losses (Matthew Vassallo)

The Pound has found a level of support against the Euro this week, following a poor run over the past couple of weeks. GBP/EUR rates are now trading back above 1.14, which will be welcomed by any clients looking to execute a GBP/EUR currency exchange over the coming days. It’s been well documented that the Pound has been under pressure of late. Investors quickly sold off their GBP currency position, when it became clear that the Bank of England (BoE) would not be raising interest rates...
Euro Trades Below $1.08, Triggering Options Markets to Flash Warnings

Important day for GBP/EUR exchange rates – U.K Unemployment and European growth figures the...

Today will be important for GBP/EUR exchange rates as we have the release of some key data for both the U.K and Europe which will no doubt have an impact on GBP/EUR exchange rates. First and foremost we haver U.K unemployment and average earnings figures which will be focussed on by investors, speculators and the Bank of England as economic data at present is extremely important for where we may head next with interest rates. A drop off in economic data for the U.K has recently...
GBP EUR Slumps with Lower GDP Print

Will GBPEUR exchange rates rise or fall by the end of the week?

With GBPEUR exchange reaches back above 1.14, it seems like a good time for euro buyer to take advantage as I expect the pound could come under pressure on Thursday when the Bank of England announce their latest interest rate decision. The chances of a rate hike have dropped to 20% from 80% according to Lloyds and the reason for the fall is that UK economic data released last month disappointed. Retail sales, inflation and GDP all dropped significantly and recent Brexit developments are also...
GBP EUR Higher After French Economy Shrinks

Sterling Weaker Ahead of Local Elections

UK Prime Minister Theresa May held her Brexit cabinet meeting yesterday afternoon which could offer further direction for the Brexit negotiations and hence the pound. The issue of the day is whether Britain should remain part of the customs union with the EU. Brexit negotiator Oliver Robbins is trying to steer the government towards a customs partnership that would keep some of the benefits of the single market although members of the cabinet are unlikely to vote in favour of this option. Overnight there has...
GBP EUR Recovers from Early Losses on EU Trade

GBP/EUR stuck at pivotal point of 1.15 – Will rates break above or...

Sterling is currently sat around the 1.15 mark against the Euro and appears to be fairly range bound as we head towards the end of the trading week. Yesterday saw the most volatility for the pairing that we have seen this week following the European Central Bank interest rate decision and press conference, this led to a little Euro weakness and Sterling moving back up through 1.15. This rise was short lived however, as profit taking knocked the pound back below 1.15 and now we...
GBP EUR Set for a Key ECB Rate Meeting 

GBP/EUR hits 1.15

Draghi hints at prolonged QE Today at the European Central Bank (ECB) monetary policy meeting Mario Draghi the head of the ECB has indicated that Quantitative Easing (QE) could well continue into 2019 despite earlier hints that it would be ending this year. QE is pumping money into an economy in order to stimulate growth, current monthly increments are €30bn, if there was to be a cut you would expect the Euro to strengthen significantly. News that  QE could continue has caused GBP/EUR to move...

What will happen at the ECB meeting today?

The European Central Bank will be meeting later on today to discuss their latest plans for monetary policy. The current QE programme remains at €30bn per month and at the moment the expectation is that this will end towards the end of this year. I don't think we'll see any change to policy this month so all eyes will be focused on the tone of the press conference and whether ECB president Mario Draghi will suggest that any changes may be coming. Draghi has previously made...