GBPEUR

Will Boris win the leadership election? This week has seen the Tories vote heavily in favour of Boris Johnson to become the next Prime Minister. Boris won the first round of voting with 114 votes which was way ahead of the second candidate. Although there are still many votes to come it is difficult at this stage to see someone take the lead. Therefore, there is a strong possibility that Boris Johnson will replace Theresa May as Prime Minister next month. The impact on the currency markets...

Pound vs euro: GBP falls against the euro GBP has struggled to make any impact against the EUR this week, with the pair falling back towards 1.12. Whilst the pound has managed to find a level of support above this threshold over the past 48 hours, there is an anticipation that any major realignment against the single currency is unlikely to occur in the short-term. The on-going uncertainty which has engulfed the UK economy for much of the past three years remains, with no clearer path...

The pound to euro exchange rate has this week hit 1.1194 on the interbank exchange rate, presenting the best time in 5 months to buy pounds with euros. Why is the pound weak against the euro? This is the combination of increasing uncertainties surrounding Brexit, combined with the European outlook not being quite as bad as expected. With the pound likely to struggle in the coming weeks with the Conservative leadership challenge looming, there could be more opportunities for euro sellers. This week saw some rather worrying...

The pound to Euro exchange rate continues to test the lower levels with rates falling to a five month low for the GBP/EUR rate. Whilst this is welcome news for those looking to sell Euros, those that wish to buy Euros are struggling to see much hope for a rally with the ongoing Brexit and political uncertainty. The Conservative leadership contest for the next Prime Minister continues and front runner Boris Johnson will commence his campaign today. Boris Johnson puts "no deal" Brexit on the table Boris...

The pound to euro exchange rate spent much of yesterday testing the 1.12 support level, and the same can be said about the currency pair so far today, with the pair sat just above 1.12 at the time of writing. Pound at lows as Conservative leadership contest gets underway Current levels are the lowest seen since the start of the year, and a long way from the trade levels we saw at the beginning of May when the pound was trading around the highest levels of...

Pound struggles to recover from recent lows against the euro Over the last 5 weeks the pound has gradually lost value against the euro. Mid-market exchange rates at the beginning of May were trading as high as 1.1775 and currently mid-market exchange rates have dropped to 1.1210 at the time of writing this article. Unfortunately for euro buyers this means a €200,000 purchase is now costing an additional £8,500, however for clients selling euros to buy pounds this has provided a fantastic opportunity. UK politics main...

Pound vs Euro rates: The Pound has been trading in a very tight range versus the Euro this week. It appears as though the markets are adopting a wait and see approach. Theresa May is due to step down today but will remain until the Conservative Party find a new leader. This could still take a number of weeks with 11 candidates still in the frame. There were previously 13 but James Cleverly and Kit Malthouse have stood down since. At the moment Brexiteer Boris...

Pound to euro rates are still trading below 1.13 this morning, with the EUR finding plenty of support around this threshold this week. Pound to euro rate Sterling hit a low of 1.1269 earlier this week, which was a continuation of last week’s negative trend. The pound has struggled to hold its value over the past week, as the on-going negative perception surrounding Brexit continues to weigh heavily on investors risk appetite for GBP. Good UK economic data does little to help pound to euro rates There was...

Pound to euro rates have touched 4-month lows, presenting clients looking to sell euros for pounds with a great opportunity. The path ahead for the euro is far from clear and we could easily see weakness should political and economic concerns resurface. Pound to euro, why have rates dropped? Pound to euro rates have dropped further as the market's concerns over no-deal Brexit rise with the Tory leadership race seemingly focused on this issue. Expectations are for the pound to continue to struggle due to the...

Over the last month pound to euro exchange rates have plummeted from the high 1.17s to the mid 1.12s at the time of writing this report. For clients that are making an upcoming currency transfer of pounds to euros the fall means that a €200,000 purchase now costs approximately £8,000 more compared to only 30 days ago. Will pound to euro exchange rates recover? The golden question many of my clients are asking is whether the GBP/EUR rates will recover in the upcoming weeks and months. The...