Pound to Euro Exchange Rate GBPEUR Rate Remains in 1.10’s, 6-Month Lows, as Stock Market Sell-Off Continues

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...
Bank of England Announces Emergency 50bps Rate Cut

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...
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...
Will the Pound Continue to Increase Against the Euro?

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 Exchange Rate GBPEUR Rate Remains in 1.10’s, 6-Month Lows, as Stock Market Sell-Off Continues

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 Holds Firm as UK Delivers 2020 Budget After Emergency Rate Cut

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 Exchange Rate GBPEUR Rate Remains in 1.10’s, 6-Month Lows, as Stock Market Sell-Off Continues

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: EUR Falls Against the Pound After ECB Announces Massive Quantitative Easing Program

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 USD Rate: Sterling Surges Almost 7% in a week of Extreme Volatility

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...
Pound to Euro Forecast: Will the Coronavirus Further Influence GBP/EUR Rates Ahead?

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...