Will the Brexit actually happen?

Since December it has been clear that the problem with delivering Brexit is that it is in the hands of MPs who are in the main in favour of staying in the European Union. The various votes during the last few months have all been to reject the various Brexit deals on offer and I am beginning to doubt whether or not the UK's government will be able to deliver Brexit. The previous end date has now passed and although the UK has been granted an...
Pound to Euro rates this week: What next for Brexit and GBP/EUR rates?

Pound to Euro rates: What next for Brexit and GBP/EUR rates?

The pound to Euro exchange rate has often been quoted as a barometer of the Brexit uncertainties, and to no real surprise it has gently drifted lower this week as we head into the UK Easter weekend. The absence of any new positive news has seen the pound lower and investors, clients and other interested parties are not comfortable holding sterling because of the precarious nature of what lies ahead. Pound to Euro rates lower, but still higher than the start of 2019 It is well...
Pound to euro Forecast – Sterling slides lower on continued Brexit uncertainty

Pound to euro forecast – Sterling slides lower on continued Brexit uncertainty

The pound has fallen lower against the euro today as Brexit now appears to be taking its toll on the price of sterling. Pound to euro exchange rates have slipped to 1.1530 and may now have further to fall over the parliamentary Easter recess. Following the decision to extend Article 50 to October 31st the pound has fallen lower across most of the major currencies as it remains far from clear what the final destination will look like. Rates for GBP/EUR has generally performed well...
GBP/EUR forecast: On-going Brexit uncertainty likely to prove restrictive for the pound

GBP/EUR forecast: On-going Brexit uncertainty likely to prove restrictive for the pound

GBP/EUR rates have remained fairly docile during Tuesday's morning trading, with the EUR continuing to find plenty of support just under 1.16 against GBP. The markets seem to have settled around the current levels, following the EU’s decision to grant the UK an extended Brexit deadline until the end of October. If no agreement can be reached sooner, then it is likely the markets will have a period of respite, following an intense few weeks. It may be that GBP/EUR rates once again find themselves range...
Pound to euro forecast: Will the pound rise or fall against the euro?

Pound to euro forecast: Will the pound rise or fall against the euro?

Since the start of the year pound to euro exchange rates have fluctuated 8 cents. To put this into monetary value a £200,000 purchase of euros would have generated clients an additional €16,000 if traded at the high compared to the low. Many of my clients that are purchasing property abroad want to know if the pound will rise or fall against the euro in the upcoming months? This question is impossible to answer, however I expect economic data to start to have more...
How will Brexit Extension efferct the Pound?

Pound to euro forecast – How will Brexit extension effect the pound?

It has now been confirmed that the Brexit deadline will be extended until 31st October 2019. If a deal can be agreed before this time the UK is free to exit the European Union and we can move on to the next stage of talks. Theresa May was looking for a shorter extension and has said she will aim to get the UK out of the EU as early as possible. Donald Tusk, European Council President warned his “British friends” saying, “please do not waste this...
Pound to euro forecast: Will the pound rise or fall against the euro?

Pound to euro forecast after Brexit extension agreed last night

The pound to euro exchange rate has fallen marginally lower after last night’s Brexit developments over in Brussels. The UK has been granted a further Brexit extension until 31st October to withdraw from the European Union. The markets will now adjust to this news as they now try to predict the most likely outcome of Brexit. The extension does have flexibility and can be terminated at any time should the withdrawal agreement be voted through in the House of Commons which does leave options...
GBP/EUR forecast - ECB Meeting and EU Summit to take centre stage today

ECB Meeting and EU Summit to take centre stage today, could GBP/EUR break out...

Today has the potential to be a busy day for exchange rates as there are a number of key events taking place that could result in market movement. The GBP to EUR exchange rate has been relatively range bound for the past few months after hopes of a No-deal Brexit being ruled out pushed the pound higher and so far sterling has managed to hold onto much of its gains. Today could cause movement for GBP/EUR in either direction depending on the outcome of today's...
UK Prime Minister Theresa May is running out of time

Expect volatility for pound to euro rates: UK Prime Minister Theresa May is running...

Today UK Prime Minister Theresa May is set to visit German Chancellor Angela Merkel in Berlin and President Macron in Paris. The Prime Minister has made it clear she wants another Brexit extension to June 30th however it doesn't appear that she has a plan to take to the EU summit tomorrow and she is running out of time. Furthermore the leader of the opposition Jeremy Corbyn made it clear yesterday that the Prime Minister is not prepared to cut her red lines in...
Are Pound to euro exchange rates going to break the Brexit deadlock this week?

Are pound to euro exchange rates going to break the Brexit deadlock this week?

Another week has gone by without pound euro exchange rates having broken out of the 1.15 - 1.175 range for any significant period of time now since February. This represents a long period of the pairing being in a fairly tight range, and you would expect we should be getting closer now to seeing a breakout. Which way the pairing breaks is dependant on Brexit news and I feel that this week could be the one where we finally see something substantial happen, although I have...