Boris vs Jeremy and the impact on Pound vs the Euro

Boris vs Jeremy and the impact on Pound vs the Euro

Boris Johnson vs Jeremy Hunt: What was their stance on Brexit? The euro is now trading close to its best level to buy pounds since the start of the year. The pound is facing huge pressure against a number of different currencies owing to the effect of the Brexit uncertainty as well as the Tory leadership challenge. Last night the two leadership candidates went head to head in a live televised debate. Jeremy Hunt accused Boris of 'peddling optimism' and claimed that the only important issue...
Pound to Euro exchange rates Will GBP/EUR rates fall again as Brexit uncertainty increases?

Pound to Euro exchange rates: Will GBP/EUR rates fall again as Brexit uncertainty increases?

Pound to Euro rates struggle GBP/EUR rates have fallen to a low of 1.1121 today, with the pound struggling to make any inroads against the EUR so far this week. In truth, GBP/EUR have remained extremely rangebound over the past couple of weeks, with no clear trend being defined following the pound's downturn last month. With Boris Johnson now the overwhelming favourite to take up the position in number 10 when the final results are in on July 22, it will be interesting to see how...
Boris vs Jeremy and the impact on Pound vs the Euro

Some form of hope for Sterling

We have seen a small rally for Sterling against the Euro, however I think this is more due to Euro weakness then any Sterling strength. The fear that the Turkey situation will escalate is hitting the Euro as the IMF may be called upon if the situation deteriorates. The tariffs placed on Steel by the US is hurting the Turkish economy and is having a knock on effect for the Euro. I think if the situation on Brexit were not so unclear we would have...
Negative Retails Sales Figures put further pressure on GBPEUR

Negative Retails Sales Figures put further pressure on GBPEUR

GBP/EUR rates have fallen once again during Thursday’s trading, following poor UK Retail Sales figures released this morning. The Pound has fallen below 1.12 against its Euro counterpart, hitting 1.1182 earlier this afternoon. Apart from a similar dip in March, these are the lowest levels seen since November 2017 as investors continue to shy away from Sterling as concerns over Brexit negotiations intensify. Whilst there had been an expectation that the Bank of England (BoE) may look to raise interest rates next month, this morning’s poor Retail...

Improvements for the Pound but are They Sustainable Under Current Market Conditions?

It’s been a positive day for Sterling, which has made gains against a host of the major currencies. GBP/EUR rates have moved back above 1.14, hitting a high of 1.1462 earlier today. GBP/USD rates have also spiked towards 1.34, although the greenback has manged to find plenty of support just under this threshold. There were also significant gains against the commodity-based currencies, with GBP/AUD, GBP/NZD & GBP/CAD rates all rising by more than a cent. The Pound received a boost yesterday following the release of better...
Pound exchange rates up following positive Brexit news

Will the pound rise or fall tomorrow? (Dayle Littlejohn)

Over the last 6 weeks GBPEUR exchange rates have risen an astonishing 6 cents when many of the leading investment banks including HSBC, Morgan Stanley and JP Morgan predicted parity would occur at some point in 2018. To put this into monetary value for clients that purchased €200,000 today compared to three weeks ago they would have paid £10,000 less. Tomorrow UK Prime Minister Theresa May is set to steal the headlines when she delivers her life after Brexit speech. The pound has increased in...

Will the pound to Euro rate rise or fall on the German election?

Expectations for the Euro are that it could well rise further on the back of the German election but of course there are no guarantees of what lies around the corner. We did expect the pound would rise on the back of the UK election but it did in fact fall and there is always this kind of element of risk with any political situation no matter how likely or unlikely an outcome is. Therefore if you are selling Euros and hoping the pound will...

Could the Pound gain further against the Euro next week? (Tom Holian)

Sterling vs the Euro has hit its best level to buy Euros with Pounds in over two months after the Bank of England stated that an interest rate rise may be coming sooner than many might expect. Prior to the announcement on Thursday the expectation was for an interest rate hike in 2019 but the statement and subsequent press conference suggests that this could be happening much sooner. The split was 7-2 in favour of keeping interest rates on hold but it does highlight there is...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP EUR Rates Head Towards 1.14

The pound has seen yet another great day making strong gains across the board including the Euro. GBP EUR exchange rates reached a high of 1.1396 earlier today before coming of the highs. Monetary Policy Committee member Vlieghe said today that interest rates will need to rise more than once if the economic recovery develops as expected. His comments reinforced the view that the Bank of England means business in terms of raising interest rates. There has been some suggestion that there could be some...
GBPCHF rates hit near 3-month highs

Sterling continues to improve against the euro

It's been a fantastic week for the pound vs euro, as exchange rates have improved 3.76% and on a £200,000 conversion clients will now receive an additional €8,180. UK inflation improved to 2.9% on Tuesday which prompted the Bank of England to announce today that an interest rate hike could occur as early as November. Personally I believe that the Bank of England have released this statement in a bid to improve sterling value to try and curb inflation rising higher as the Bank of...