Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Sterling Ahead of Important UK Election (James Lovick)

The pound has fallen slightly lower in afternoon trade with the UK general election now just two days to go. GBP EUR rates have fallen by 0.25% to a low of 1.1428. The prospect of a hung parliament cannot be ruled out and this could create a great deal of uncertainty for the pound. A Labour / Scottish Nationalist Party coalition could in my view prove problematic for a number of reasons and the sterling exchange rates would likely drop sharply. Judging by the...
Pound to Euro Rate: GBP Falls on Virus Fears and Manufacturing Data as EUR Rallies

Where Next for GBP/EUR Exchange Rates (Matthew Vassallo)

Sterling found some much needed support during yesterday’s trading, following positive UK inflation figures. The pound had been under increased pressure over recent days, following last week’s unexpected UK general election results. With a deal between UK Prime Minister Theresa May’s led Conservative party and a the unknow, somewhat controversial, DUP party from Northern Ireland looking more likely, is it now time to sell any short-term EUR positions? In my opinion EUR sellers have been given an excellent window of opportunity due to the uncertainty last week’s...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Late movement for Sterling against the Euro

Sterling made late gains against the Euro (Tuesday afternoon) with exchange rates reaching the 1.31s. With no economic data for either GBP or EUR I am of the opinion that banks have started pricing in that Mario Draghi Head of the European Central Bank will instigate quantitative easing on the 22nd of this month (Thursday). Therefore with QE a real strong possibility we could see further volatile times within the markets. Other data relesed this week is the Bank of England minutes. With inflation falling...
Pound to Euro Drops as Virus Drama Returns to London

Small Gains for the Euro Following Poor UK Construction Data

The euro has made some small gains against the Pound during Friday's trading, following the release of poor UK contruction figures. Construction activity fell 13.1% in September compared to a year earlier and is another reminder that the UK economy still has some way to go before it is truly on the road to recovery. Yes, we were given a welcome boost following the positive Gross Domestic Product (GDP) figures but since then we have seen poor service, manufacturing and now construction figures and...
GBP EUR Looks to Employment Figures for Support

GBP EUR Exchange Rate Forecast – When to BUY or SELL Euros?? (Andrew Bromley)

A big day for the Euro today as further ECB members have taken to the press. They have confirmed that the ECB are ready to launch Quantitative Easing for the Eurozone, weakening the Euro. GBP - EUR IS CURRENTLY TRADING AT A 5 YEAR HIGH! This is the highest level seen since the market crashed in to recession. My opinion is that GBP EUR has a ceiling or 'level of resistance' at 1.30. I think that the markets are 'pricing in' or anticipating the release of Eurozone...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

Tomorrow’s BoE Minutes Could be Key to Sterling’s Fortunes (Matthew Vassallo)

The Pound has received some welcome support during the early part of the trading week, with gains against the single currency pushing GBP/EUR rates back through 1.25 at the high. It’s an uncertain time for those clients holding GBP, with the upcoming EU referendum hanging over investors head like a dark cloud. The question of will we leave or won’t we is likely to dominate column inches over the coming months and will no doubt have a huge effect on market perception and ultimately...

GBP-EUR Best Rates – 1.37 Breached comfortably! (Joshua Privett)

Yesterday I was posting that the Federal Reserve Bank of America's testimony hearing with Congress were causing secondary effects on the currency markets. By repeatedly stating they would delay the rise of interest rates, the Euro gained ground lost against the Dollar, and this caused the Euro to also rise slightly against the Pound. This was a similar effect we were seeing at the start of trading this morning. However, the testimonials took a sharp turn this morning. Inflation data released that morning about the...

Window of opportunity for Euro buyers. (Dayle Littlejohn)

Over the last 2 weeks GBP/ EUR exchange rate has been on a steady decline. Today Mark Carney the governor of the Bank of England, exclaimed "the next interest rate move is likely to be up" which has given support for Sterling, pushing GBP/ EUR back into the 1.37s, If you are looking to purchase euros in the near future I would recommend taking advantage of this window of opportunity as I believe exchange rates will continue to drop the closer we get to the...
GBPEUR Lower After IFO Business Report

Pound to Euro exchange rate outlook: Will GBP/EUR rise or fall ahead?

Pound to euro exchange rates have been rising on the loose expectations of a deal between the United Kingdom and the European Union. Pound to euro interbank rates rose to over 1.13 in yesterday's trading, only to fall back to the higher 1.11's, before staging a late recovery back towards the 1.13 mark and settling in the 1.12's. What can we expect next? Conservative Party Conference: Brexit talk causing volatility for Sterling The rest of this week will see attracted attention from the Conservative Party Conference...
GBP EUR Exchange Rate: The Week Ahead October 3rd

Pound to Euro exchange rate forecast: How will GBP/EUR rates perform in July?

Sterling hampered by increasing no-deal Brexit likelihood The pound to euro exchange rate has been suffering as Brexit uncertainties drag the pound lower, and a ‘not so bad’ point of view keeps the euro supported. It is possible that the pound to euro rate will come under pressure if no-deal appears to be an increasing likelihood which it does seem to be the case so far, as investors struggle to get to grips with what type of Brexit is on offer. The Conservative Party leadership...