BoE Cause Pound to Euro to Rise but Future Remains Uncertain

BoE Cause Pound to Euro to Rise but Future Remains Uncertain

The pound to euro exchange rate rose more than one cent last Tuesday when Bank of England Governor Andrew Bailey said the bank would not be looking at zero or negative interest rates in the short-term. Instead, his tone was quite dismissive, suggesting that whilst zero or negative interest rates are an option, there are other options, more notably quantitative easing. However, whilst the immediate threat of a rate cut has disappeared and provided the pound to euro exchange rate with support, there is still...
Pound to Dollar Rate Drops to One-month Low

Pound to Euro Exchange Rate Outlook: Will GBPEUR go higher this week?

Pound to euro interbank exchange rates finished last week at their highest point since December 13th, reaching a 2-month high of over 1.20. This welcome news for euro buyers but further unease for euro sellers, who have seen the pound making steady gains since the August 2019 lows of 1.0647. Sterling rose in part due to the belief the new Chancellor Rishi Sunak will be more liberal with his spending plans, and the resultant boost to the economy makes an interest rate hike more...
Pound to Euro Forecast What Factors Influenced GBP/EUR Rates This Week?

Pound to Euro Forecast: What Factors Influenced GBP/EUR Rates This Week?

This week saw pound to euro exchange rates experience some volatility as attention increased around the likelihood of the Bank of England looking to cut interest rates in the future. Sterling lost ground in early trading this week as investors concerns over the economy were heightened after Monday’s news that the UK economy contracted by 0.3% in November. By Thursday afternoon the initial fears were being more carefully assessed, as a more balanced view considered the fact November was a time of increased political uncertainty,...
GBPEUR Lower After IFO Business Report

Sterling Euro Forecast: Brexit Talks and Upcoming GBP Economic Data to Influence GBP/EUR Exchange...

In this piece we look we look at what has happened in the mega-saga of the Brexit deal this week, and what to look out for in the coming week. The UK met with the President of the EU Commission earlier in the week to set their Brexit talks underway. Both parties appeared positive about the talks and looked keen to get to work and resolve a trade deal. Both currencies did little to shift despite the positive beginning to the talks and encouragement...
GBPEUR Cautious Ahead of BoE, Scottish Election

Pound Sterling Forecast: Will the Bank of England Cut Interest Rates and What Could...

The pound vs euro exchange rate has remained in a fairly tight range during the course of last week. Now at the end of the first full week of the year it is likely that the markets will once again focus on what is happening in the economy. What could impact Pound Sterling Exchange Rates? We begin next week with the release of a number of different data sets due out on Monday morning. Monday brings with it the latest Industrial and Manufacturing Production data as...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Pound to Euro Forecast: Trade a Key Focus for the Euro as Hopes the...

For the euro, the economy is the biggest focus going into the new year. Economists have suggested that the Eurozone economy and particularly the German economy has begun to bottom out and are slowly starting to rise. Even with poor PMI data, the sentiment remains positive as a push for stronger business morale is noted as a key indicator going forward and may hold the key to a stabilisation in the largest economy in Europe as we go into 2020. Business Sentiment Figures for Germany...
GBP EUR Higher Ahead of PMI Business Activity

GBP to EUR Rate: Sterling Continues to Struggle Against the Euro Ahead of Brexit...

The sterling vs euro interbank exchange rate stands at 1.1765 today. This is close to yesterday’s 1.1763, although 2.59% below the pound’s recent 39-month high against the Eurozone’s common currency, its strongest since September 3rd 2016, reached last Friday 13th, at 1.2076. One reason why the GBP to EUR interbank rate is nearly unchanged, is because markets are awaiting more information about Prime Minister (PM) Boris Johnson’s Brexit strategy. Earlier this week, PM Johnson announced that he’d amend the Brexit Withdrawal Agreement Bill to prohibit the...
GBPEUR Lower After IFO Business Report

GBP to EUR Rate Rockets Following Huge Conservative Election Majority

Hopes that the Conservatives could win the majority they needed “to get Brexit done” caused the pound to strengthen by about 2% during the six-week campaign period. Having edged over €1.19 against the euro during election week, for the first time since May 2017, the pound’s upward march has gathered pace in the wake of the Conservatives huge victory. Sterling Reacts Positively to Conservative Majority Government In the immediate aftermath of his triumph, Mr Johnson stated that the result meant the Conservative government "has been given...
GBP EUR Exchange Rate: The Week Ahead August 15th

Pound to Euro Forecast: Will the Conservatives Win a Majority?

The pound to Euro exchange rate has started the week on a stronger footing despite a poor end to last week. UK purchasing Managers Index data for the manufacturing and services sectors dipped into weak territory falling to 48.6 and 48.3 respectively. Anything below 50 represents contraction in the sector which is why the markets took stock of the data. The weak number puts the UK on course for a contraction in GDP for the fourth quarter which pushes the country closer to a...
GBPEUR Lower After IFO Business Report

Pound to Euro Rate Hits Another 6-Month High as Markets Await Tonight’s TV Debate

During yesterday's trading session the pound to euro exchange rate climbed as sterling made gains against all major currency pairs and hit another 6-month high against the euro after the pair peaked at 1.1734. Since then sterling has managed to hold onto much of the recent gains, and at the time of writing the pair remain just north of 1.17 which suggests that the pair could consolidate north of the 1.17 handle for now. General Election Poll: Conservative Party Lead Offers Support to Sterling The boost...