GBP EUR Exchange Rate: The Week Ahead October 10th

GBP EUR Reaches Fresh Highs – 1.16 in Sight

The pound has rallied to fresh highs against the Euro with levels for the GBP EUR pair trading just below 1.16. There is currently an excellent opportunity for those clients looking to buy Euros with some of the best levels seen in the last 9 months. The mood on Brexit is feeling considerably more optimistic and the fact that key figures from with thin the EU and notably from Germany have signalled that London will still remain the financial centre for the EU are in...
GBP EUR Drops After GDP Misses BoE’s 5% Target

GBPEUR breaches 1.15

Its been a fantastic day for the pound and GBPEUR exchange rates have breached 1.15 and remained above the key threshold that many of my clients have been looking to trade at over the last year. With limited data releases today it is hard to state the exact reasons to why the pound has gained so much momentum, however I believe its because speculators have purchased the pound in anticipation that the Governor of the Bank of England Mark Carney will deliver a press conference...
GBP EUR Higher Ahead of PMI Business Activity

GBP/EUR Forecast – Sterling Struggling to Make an Impact Above 1.15 (Matthew Vassallo)

Sterling has held its been position against the EUR of late but so far has struggled to make any impact above 1.15. The EUR continues to find support around this threshold, as it has done every time it has been tested over recent months. There is no doubt the Pound has gained a foothold following a strong run of UK economic data and progress in Brexit talks but is the Pound likely to break through the current levels any time soon? Whilst it is impossible to predict...
Euro Stages Comeback Against the Pound at the End of This Week's Trading

European economic data a little worse than expectations but still reasonably strong

European data released over the past few days has mainly missed analysts expectations, however we have seen the Euro remain fairly stable as the figures were still reasonably good. Poor weather across Europe can be blamed as one of the main issues in March and I feel that because the snow was just so bad in places this slight miss has been overlooked by most investors and speculators. We have very little out in terms of economic data today from  the Eurozone but what may be...
GBP EUR Rallies After ECB Reduces Pandemic Support

GBP/EUR – When shall I move? (Daniel Johnson)

Why will GBP/EUR not breach 1.15 and remain above 1.15? Sterling has made significant improvements against the majority of major currencies of late. Breaking resistance points against both the Australian Dollar and the US Dollar, 1.80 and 1.40 respectively. Against the Euro however it only breached the key resistance point of 1.15 for a very short period. 1.15 has been the absolute peak of the market, this level only being breached on a few occasions and every time it quickly retracts. I have been saying for...

GBP/EUR Forecast – Sterling Recovery Softens (Matthew Vassallo)

UK manufacturing data came in slightly better than expected yesterday but GBP/EUR rates have remained fairly flat this week. The Pound reached a high of 1.1473 today before retracting slightly but has struggled to make any impact above 1.15 against its EUR counterpart. The catalyst for Sterling’s recent improvement was confirmation that UK & EU have all but agreed on the terms for a Brexit transitional deal. This positive spike has softened over the past week, with the long-term uncertainty around the UK economy still handicapping...
GBP EUR Exchange Rate: The Week Ahead November 21st

GBP/EUR vulnerable to month and quarter end flows in next two days

Sterling has remained fairly range bound over the week so far, with very little in terms of economic data of note due out as we head towards the end of the calendar month and indeed the end of the quarter. We do have some growth (GDP) figures for the U.K tomorrow which will show how the economy has performed recently but unless they are drastically different from analysts expectations then I personally do not expect to see this data causing too much in the way...
Pound to Euro Drops as Virus Drama Returns to London

Pound close to best rate to buy Euros since May 2017

The latest round of the Brexit talks continued focusing on the Irish border issue which remains uncertain. The transitional deal was agreed last week but the Irish border will be a key topic that is likely to remain ongoing. With trade talks due later this year many are hoping that the Brexit terms and conditions may be agreed by October but at the moment, in my opinion, that appears very unlikely. Brexit Secretary David Davis has been rather positive in recent times suggesting that things are...

Pound close to best rate to buy Euros since May 2017 (Tom Holian)

The latest round of the Brexit talks continued focusing on the Irish border issue which remains uncertain. The transitional deal was agreed last week but the Irish border will be a key topic that is likely to remain ongoing. With trade talks due later this year many are hoping that the Brexit terms and conditions may be agreed by October but at the moment, in my opinion, that appears very unlikely. Brexit Secretary David Davis has been rather positive in recent times suggesting that things are...
GBP EUR Gains on Goldman Sachs Rate Outlook

GBP/EUR Forecast – Has the Pound’s Recent Run Come to an End?

GBP/EUR rates have dropped back below 1.14 this morning, with the Pound’s positive trend cooling over the past 24 hours. Those clients holding Sterling positions would have been watching last week’s movements with increased interest, as the Pound made significant gains across the board. Sterling’s value was boosted against its Euro counterpart, following a strong run of UK economic data. Positive Unemployment figures, strong Retail Sales numbers and an indication from the Bank of England (BoE) that they may look to raise interest rates over the...