Pound to Euro outlook How could Brexit shape GBPEUR exchange rates?

Pound to Euro outlook: How could Brexit shape GBP/EUR exchange rates?

Boris Johnson's Government suffers first defeat in Brexit vote: What could this mean for GBP/EUR exchange rates? Brexit is taking new twists and turns, as the market learns of fresh developments in parliament, as the various factions seek to establish some kind of order and direction. The British parliament reconvened after the summer recess with increasing expectations that following Boris Johnson's proroguing of parliament, this week would be the one-off opportunity ahead to block no-deal. Overnight, John Bercow has allowed the debate on a ruling, which...
Pound to Pound to Euro forecast Politics and Brexit to Drive GBPEUR ratesexchange rate remains under pressure as no-deal risk increases, could GBPEUR drop below 1.09?

Pound to Euro forecast: Politics & Brexit to Drive GBP/EUR rates

Pound to Euro exchange rate sits above the 1.10 benchmark: Could this change before the UK departs the EU? The pound to euro exchange rate remains supported despite Brexit tensions rising to new levels between those politicians who with to remain in the European Union and the that wish to respect the result of the 2016 referendum. GBP to EUR exchange rates currently sit above 1.10 for the pair ahead of a politically heavy week. Those with pending currency transfers to make in the next two...
Pound to Euro exchange rates Sterling unstable against the Euro owing to Brexit uncertainty

Pound to Euro exchange rates: Sterling unstable against the Euro owing to Brexit uncertainty

Could a deal be done before 31st October? Boris Johnson has claimed that he will be stepping up his efforts in order to secure a deal with the European Union prior the 31st October deadline. According to reports Brexit negotiators will be meeting twice a week in September prior to the next summit due to be held on 17th and 18th October. Clearly many MPs are upset with Johnson's decision to suspend parliament and we now have just two months to go before the deadline. Last...
Pound to Euro outlook Political events affecting the GBPEUR exchange rates

Pound to Euro outlook: Political events affecting the GBP/EUR exchange rates

Pound to euro exchange rates look like they will continue to be facing scrutiny over Brexit, as well other key events for Europe. The pound has proved on numerous occasions its sensitivity to Brexit news, at any moment a headline can trigger market activity, just like we have seen in recent weeks. Pound to Euro exchange rate: Boris determined to bring UK out of the EU by October deadline We cannot say exactly what will happen but, by looking at previous behaviour, it seems that increased...
Pound to Euro forecast 1 month high buying Euros with Pounds, what next for GBPEUR rates?

Pound to Euro forecast: 1 month high buying Euros with Pounds, what next for...

GBP/EUR rates reach month high Pound to euro exchange rates have risen in the last 24 hours and are now at the best levels to buy euros in 1 month. This has presented an excellent opportunity for any clients looking to buy euros with pounds. This is a combination of strength for the pound, following optimism a deal may be struck on Brexit, and weakness for the euro, as investors fret over possible monetary easing from the ECB, European Central Bank. The pound to euro rates...
Pound to Euro exchange rate Is the current Sterling spike justified?

Pound to Euro exchange rate: Is the current Sterling spike justified?

Pound near month highs against the Euro The pound to euro exchange rate has made gains following statements from Merkel and Macron regarding a potential Brexit deal. Macron said he was willing to listen to alternatives to the back stop and Merkel said a deal could be possible before the Brexit deadline, 31st October. Today's trading has seen the GBP/EUR exchange rate reach highs of 1.0913 on the interbank exchange. Some analysts are not necessarily convinced the GBP spike was justified, we are still some way from a...
Pound to Euro exchange rate forecast Will GBPEUR levels remain above 1.10?

Pound to Euro exchange rate forecast: Will GBP/EUR levels remain above 1.10?

Brexit Pound to Euro rate hit hits 3 1/2 week high Euro buyers were dealt some good news today with the pound regaining ground against the euro on optimism that German Chancellor Angela Merkel would offer come more onside with the UK and to offer some form of compromise. The pound to Euro exchange rate touched a 3 1/2 week high as investors were given confidence by the comments that Angela Merkel would seek a solution to the Irish backstop issue and seek a deal...
Pound to Euro outlook GBPEUR rate hits 1.1061 on the interbank rate, could it rise further?

Pound to Euro outlook: GBP/EUR rate hits 1.1061 on the interbank rate, could it...

Promising news of a Brexit compromise boosts GBP/EUR rate The pound to euro exchange rate has jumped to 1.1061 on the interbank exchange today, representing the best time to buy euros with pounds since July 29th. The improvement is following news that German Chancellor Angela Merkel will consider a change in the current stance from the EU towards the UK. Expectations that perhaps the Irish backstop issue could be resolved have helped the pound to shake off some of the no-deal blues which had seen...
Pound to Euro forecast Potential for Sterling weakness as European Union reiterates there will be no compromise on the Irish Backstop

Pound to Euro forecast: Potential for Sterling weakness as European Union reiterates there will...

Pound to Euro forecast The timeline for Brexit does not bode well for the pound to euro exchange rate. Boris returns from parliamentary recess in early September which leaves less than 8 weeks to get a deal agreed on Brexit. This is something Theresa May failed to do in two and a half years. Johnson has made it clear he is not willing to negotiate unless Brussels agree to drop the Irish backstop, this is something Brussels has stated they are not willing to compromise on...
Pound to Euro exchange rate Where next for GBPEUR exchange rates?

Pound to Euro exchange rate: Where next for GBP/EUR exchange rates?

The pound to euro exchange rate staged what might be seen as a remarkable recovery last week, rising close to 3 cents between the highs and the lows on the interbank exchange, from lows of 1.07 to nearly 1.10 on Friday. The 2.5% increase on the interbank rate presented some highly valued improvements for euro buyers, looking for respite following a tough few weeks for the pound against the euro. Pound to Euro exchange rate as Brexit uncertainty continues This week, it will be interesting to...