GBP EUR Exchange Rate: The Week Ahead November 28th

GBP EUR Exchange Rate: The Week Ahead November 28th

The GBP EUR exchange rate was lower on the week as traders reacted to cautious BoE policymaker speeches. There are still doubts over a December rate hike and it’s possible that the central bank will try to play chicken with inflation. The other possibility is that central banks are seeing the potential for further lockdowns and the deflationary effects it would bring. The GBP to EUR rate was trading around the 1.1885 level ahead of the weekend after staring above 1.1900 and will need a...
GBP EUR Exchange Rate: Week in Review November 27th

GBP EUR Exchange Rate: Week in Review November 27th

The GBP to EUR exchange rate was slightly lower on the week as traders hesitate over the potential for a Bank of England rate hike. German data towards the weekend was uninspiring and once again, traders are looking beyond the data towards the next wave of restrictions. The GBP EUR started the week above the 1.1900 level and was looking for a catalyst towards the weekend to hold that level. Bank of England remain defensive over interest rate hike Bank of England policymakers have refused to give...
GBP EUR Lower After ECB Monetary Policy Minutes

GBP EUR Lower After ECB Monetary Policy Minutes

The GBP EUR exchange rate was lower by -0.23% on Thursday after the release of German economic data and minutes of the latest ECB monetary policy meeting. German consumer confidence was seen slowing, but traders are less sure of a December BoE rate hike. The GBP EUR is trading at 1.1870 after the latest economic figures. German consumers hit by latest virus surge Consumer confidence was slower in Germany after the latest surge in infections. That's according to market researchers at the GfK institute on Thursday. The consumer...
GBP EUR Slightly Higher After German IFO Data

GBP EUR Slightly Higher After German IFO Data

The GBP EUR exchange rate was higher by 0.06% on Wednesday after the release of German IFO business climate data. The IFO survey dropped the fifth month in a row and analysts will be expecting further lows on the latest move to restrictions. The GBP to EUR is trading just above the 1.1900 level with German GDP ahead today. ECB and BoE policymakers discuss latest market outlook Bank of England Governor Andrew Bailey was talking about policy on Wednesday and said that he did not believe that...
GBP EUR Higher but Euro Still in Charge

GBP EUR Dips Despite PMI Data Outpacing Europe

The GBP EUR exchange rate was -30% lower on Tuesday despite the latest HIS Markit PMI data, which showed the UK recovery still outpacing Europe. The PMI data was better than analysts had anticipated. The UK is also set to join China and the US in a bid to lower oil prices. The GBP to EUR is trading just below 1.1900 at 1.1890 after recent strength. PMI data comes in better for UK and Europe The latest HIS Markit PMI business activity data was better than analysts...
GBP EUR Holds Gains Above 1.900 as Traders Pause

GBP EUR Holds Gains Above 1.900 as Traders Pause

The GBP EUR exchange rate was flat on Monday as traders paused to weigh up recent developments in the market. Comments from the Bank of England Governor and Chief Economist have added confusion to the interest rate picture. The GBP to EUR is trading at 1.1915 and has the 2020 highs at 1.2000 in its sights. Bank of England adds doubt to rate hike picture The Bank of England Governor and Chief Economist have added some doubt to the potential for an interest rate hike in December. Governor...
GBP EUR Slumps After German Employment Figures

GBP EUR Starts the Week at New Yearly Highs

The GBP EUR exchange rate will start the week above 1.1900 after seeing new highs for the year last week. Stronger employment and higher inflation fuelled another rally in sterling. finding some support last week. The pound will likely get a boost on Monday from Bank of England comments over the weekend and rising virus rates in Europe. The GBP to EUR trades at 1.1915 on Monday. Bank of England economist sees December rate hike likely The Bank of England’s chief economist has warned that the labour...
GBP EUR Exchange Rate: The Week Ahead November 21st

GBP EUR Exchange Rate: The Week Ahead November 21st

The GBP EUR exchange soared to a new yearly high last week as UK inflation and employment came in above expectations. The data will put pressure on the Bank of England to hike rates in the December meeting. The week ahead has German IFO business sentiment and a final reading of GDP in the country. The week ahead will likely be dominated by virus headlines as European nations move towards lockdowns. The GBP to EUR rate was trading around the 1.1870 level heading for the...
GBP EUR Exchange Rate: Week in Review November 27th

GBP EUR Exchange Rate: Week in Review November 20th

The GBP to EUR exchange rate surged this week after strong economic data pointed to an interest rate hike for the UK in December. Stronger unemployment and inflation data will put pressure on the Bank of England to take action and policymakers have been vocal this week. Europe is also seeing inflation, but a larger threat is the latest coronavirus outlook with governments moving towards lockdowns. The GBP EUR entered the weekend near 1.1700 level but surged to new yearly highs near 1.1940. Bank of England...
GBP EUR Lower After ECB Monetary Policy Minutes

GBP EUR Cools Off from Interest Rate Hike Bets

The GBP EUR exchange rate was lower by -0.39% on Thursday and was erasing much of the previous day’s gains. Soaring inflation in October had fuelled further bets that the BoE will hike rates in December. Some profit-taking has set in to the pound sterling with the 2020 highs only 60 pips away from yesterday’s high. The GBP to EUR was trading at 1.1870 as traders get cold feet above 1.1900. Bank of England governor says no 1970s-style inflation The Bank of England’s Governor said there will...