Pound to Euro Consolidates at 10-week High

Pound to Euro Exchange Rate – Further Losses Ahead?

Sterling exchange rates have lost a little ground against most major currencies over the course of the trading week, most notably hitting a 5 week low against the Dollar during yesterday’s afternoon trading session. It seems that global sentiment is starting to slip again, and fears of a second wave of COVID-19 along with a major global recession are leading investors to batten down the hatches and take cover which is leading to some Sterling weakness. For those that were following Sterling exchange rates...
GBPAUD Rate: Renewed Risk Appetite Continues to Benefit the Australian Dollar

Pound to Australian Dollar Rate Back Below 2 but for How Long?

The pound had hit recent highs earlier this week vs the Australian dollar as the global economy was feeling the strain of the global virus pandemic. As a commodity based currency the Australian dollar can often come under huge pressure when the world economy starts to slow down and this happening at the moment. The pound briefly hit a high of 2.08 towards the end of the week before falling to just above 2. It then started to fall once again at the end...
GBPEUR: Pound Slumps Against Majors as ‘No deal Brexit’ Chances Rise

Pound Sterling Forecast – Where Next for Sterling?

The pound has begun this week in mixed fashion, trading neither particularly higher or lower on the speech delivered by Boris Johnson over the weekend speech which spelled out the path ahead in easing the lockdown restrictions. The currency market has proceeded rather cautiously as so far as we have very little change in the current circumstances and there is still the possibility of a second wave of infections. And it was possibility of a second wave of infections which saw sterling losing ground at...
Pound to Euro Exchange Rates: UK GDP Released this Morning

Pound to Euro Exchange Rates: UK GDP Released this Morning

The pound to euro exchange rate has fallen lower with rates falling to a low of 1.1292 for GBPEUR this morning whilst the pound to US dollar exchange rate has also fallen to a low of 1.2250. The pound has found some support following the UK Gross Domestic Product (GDP) numbers released first thing this morning. The data showed the UK economy contracted 2% in the first quarter but there was a noticeable sharp fall in the march numbers as to be expected. The...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

Pound to Australian Dollar Outlook: Coronavirus in Focus, GBP Could See Upswing

Throughout last week, GBP remained on the front foot against AUD. The pound rallied against the Aussie in the early week as the coronavirus fears remained firmly placed on the markets. Into mid-week, markets began to stabilise as central banks across the world pledged to provide support through fiscal stimulus and other means in order to aide the economic effects of the coronavirus. Towards the end of the week, the UK announced a move to the ‘delay’ phase in the response to the COVID-19...
Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

The pound sterling forecast struggled yesterday and into today owing to the continued uncertainty of a no-deal Brexit. The outlook for the UK-EU negotiations has not been particularly favourable with lots of reports suggesting that the two sides are very far apart. Sterling fell yesterday as this news began to weigh on the pound, following comments from Andrew Bailey that he had warned Bank bosses in the UK to prepare for a no-deal exit, as reported by the Times today. Bailey is Governor of the...
GBPEUR: Sterling Exchange Rates Sell-off Due to Brexit Concerns

Pound Sterling Forecast: Will the Pound Weaken Further? 

With GBPEUR exchange rates having dropped from an interbank exchange rate of 1.15 towards the end of April down to a rate in the 1.11s at the time of writing this article, many of my clients are asking me about the Pound Sterling Forecast, and whether or not the pound could weaken further still? Add into the situation a 4 cent drop for GBPUSD (1.26 to 1.22) and a 9-cent decline for GBPAUD (1.95 to 1.86) and sterling exchange rates really have had a rough...
Pound Sterling Forecast: Sterling’s Rise Against the US Dollar and Euro Continues

Pound to Euro: Multiple Pressures Send the Value of Pound Lower

The pound fell sharply during yesterday’s trading as multiple pressures built on the UK currency. The pound to euro exchange rate is now trading at 1.1280, and 1.2189 against the US dollar, compared to 1.1460 against the euro and 1.2380 against the US dollar one week ago. Brexit trade negotiation uncertainty, Bank of England policy, and the UK’s slow exit from lockdown have all weighed on the UK currency. The pound had been holding firm but since the Deputy Governor of the Bank of England...

Pound Sterling Forecast: Will the Pound Be Lower During This Shorter Week for the...

The UK is enjoying a shorter working week because of VE Day on Friday, with the typical May Bank Holiday being changed to accommodate the 75-year anniversary of the end of the Second world war. Some of the key topics to consider this week are the Services data today, the Bank of England interest rate decision 7 am on Thursday and the update on the UK’s lockdown status by PM Boris Johnson on Thursday and again on Sunday. The pound has been finding itself more...
GBP Makes Gains Against AUD as Trade Relations Between China and Australia are Shaken

Pound to Australian Dollar Exchange Rate Outlook: Will the Aussie Rise Against the Pound?

The Australian dollar has risen back against the pound, dropping back below 2 on the GBPAUD interbank exchange rate. Sterling had been higher in recent weeks following optimism over progress on the economic methods necessary to steer a way through the crisis. The Aussie is stronger overnight as the RBA (Reserve Bank of Australia) interest rate decision was released and whilst there is no actual change in policy, their confirmation of a ‘wait and see’ approach to interest rates helped to calm markets as it...