Euro Loses Ground to Pound Sterling Following Trump Comments on EU Trade Tariffs

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...
Pound to Euro outlook How will the Brexit and election shape GBPEUR rates?

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

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...
Sterling vs Euro Exchange Rate near 31-Month High as Polls Suggest Tory Majority

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

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...
Pound to Euro Exchange Rate Sterling Reaches 6-Month High Against the Euro, Close to Breaching 1.17 Barrier

Pound to Euro Exchange Rate: Sterling Reaches 6-Month High Against the Euro, Close to...

The pound to euro exchange rate has posted a fresh six month high this morning at 1.1692 before slipping back in to its current range on the back of poor retail sales. Sterling Marginally Slides as UK Posts Weaker Than Expected Consumer Spending Figures The headline figure released demonstrated an unexpected decline of - 0.1pc in October against the expected 0.2pc growth, adding signs to overall weakness in economic growth in the UK. Consumer spending has been the ‘iron-rod’ in the Brexit back through the second...
GBP to EUR Forecast Sterling Trading Around 1.175 on the Interbank Exchange as the Pound Benefits From Positive Employment Data

Sterling rises 0.6% against the Euro as Brexit Party boost Conservative majority government probability

Pound to Euro exchange rates have risen across the board of major currency pairs today, and in the process GBP/EUR hit a 6-month high making the prospect of converting Pounds into Euros a more attractive proposition. Nigel Farage to target 317 Labour seats in UK general election The reason for the gains can be put down to Nigel Farage's Brexit Party deciding not to contest previously Conservative held seats in the UK's upcoming general election. The election is scheduled for the 12th of December which is...
Sterling vs Euro Interbank Rate Hits 39-Month High as Tories Win

Pound to Euro exchange rate: Could Sterling make further gains against the Euro next...

The pound to euro exchange rate stands at 1.1629 today, just 0.17% below its recent 26-week interbank rate high, reached on October 21st, of 1.1649. In part, this is because markets think that there’s a low chance of a ‘No Deal’ Brexit. This is because all the UK’s main political parties, except for Nigel Farage’s Brexit Party, are campaigning on the basis of the UK exiting Europe with an agreement. Shifting polls: GBP to EUR rate might be affected by UK election campaign shifting polls Next...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

The pound to euro interbank exchange rate stands at 1.1624 today at the time of writing. This is just 0.21% below sterling’s recent 26-week high versus the Eurozone’s common currency, its strongest since May 8th. In part, this is because, although there’s still uncertainty over Brexit and the UK’s general election, the financial markets think that there’s a very low probability of a ‘No Deal’ Brexit. Meanwhile, looking to today, the Bank of England looks set to keep UK interest rates steady at 0.75%. That said,...
GBPEUR UK election: Why haven't pound to Euro exchange rates fallen?

GBPEUR UK election: Why haven’t pound to Euro exchange rates fallen?

The pound to euro exchange rate is being closely monitored for potential influence from the UK election. Sterling's relation to political news is well documented and soundly evidenced with GBP/EUR rates fluctuating ever since the EU Referendum and Brexit vote became an issue to markets, back in 2015. Conservative majority expectation helps Sterling remains calm Sterling had climbed in recent weeks as no-deal became less likely for November 1st, and the future signs of deal with the EU became more likely. Sterling to euro interbank rates...