GBP EUR Exchange Rate: Weekly Review July 16  

Pound Sterling Forecast – Will GBP fall further next week?

Last week wasn’t the best week for the pound with sterling finishing lower against pretty much all the majors. GBPUSD interbank rates started last week at 1.2430 before slipping to 1.2114 Friday, and GBPEUR began the week at 1.1454 before slipping to 1.1193 on the interbank rate by the end of the week. Two of the key reasons were the struggling of the Brexit talks with the UK openly attacking the EU’s approach, and also poor UK economic growth figures showing the UK is likely...
GBP EUR Looks to Chancellor’s Autumn Budget

Pound Sterling Forecast – Will GBP rise or fall in June?

The pound weakened in May as the continued uncertainty over the economic effects of the Coronavirus weighed on the UK both politically and economically. The outlook for the UK has been tainted by the Coronavirus with the UK slightly behind the curve of many other countries who are gently opening borders and allowing freer movement of people and business. The UK Government has spent billions on a furlough scheme which whilst providing some temporary relief is also perhaps just papering over some significant cracks in...
Bank of England Policy Troubling Pound Sterling

Pound Sterling Down Against the Euro and US Dollar as BoE Interest Rate Decision...

Since the 23rd March the UK has been in lockdown which has seen big falls for the stock market owing to the uncertainty of when the UK will be ‘getting back to work'. Pound sterling has however, during this time managed to improve against a number of different currencies including vs the euro and the US dollar. Sterling exchange rates prior to the lockdown suffered particularly vs the US dollar as the pound fell to its lowest level to buy US dollars since 1985. Indeed,...
A Rollarcoaster Week for GBP EUR - Weekly Review June 18th 

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...
GBP AUD Weak as RBA Governor Signals 50bps Hike 

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...
GBP EUR Exchange Rate: Week in Review August 28th

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...
GBP EUR Stuck in Range at 1.1700 Level

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...
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...
GBP AUD Unchanged Despite Weak UK GDP Figures

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...
GBPEUR Bounces on the Day with Limited Data Due

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...