GBPEUR Lower as Nerves Return Above 1.1800

GBPEUR Lower as Nerves Return Above 1.1800

The GBPEUR exchange rate was 0.25% lower on Monday as traders got nervous above the 1.1800 level once more. The pair has traded above there on two occasions this year but has failed to hold on to the advance. A rise in coronavirus cases last week may have been the driver again. The GBP to EUR trades at 1.1819 after seeing new yearly highs on Friday near 1.1850. Bailey reaffirms Bank of England rate hike plans Sterling was still trading at a 20-month high versus the euro...
GBPEUR to Start the Week at New Yearly Highs

GBPEUR to Start the Week at New Yearly Highs

The GBPEUR exchange rate opens the week at yearly highs above the 1.1850 level as traders price in the prospect of a December rate rise from the Bank of England. The coronavirus is rearing its head in the UK once more with cases surging above the 45,000. Reports from the weekend also suggest that Rishi Sunak is preparing an online sales tax for the country. The GBP to EUR closed the week at 1.1848 and the key data for the week will be inflation for...
GBP EUR Steady After Latest GDP Growth Figures

GBP EUR Steady After Latest GDP Growth Figures

The GBP EUR exchange rate was flat on Wednesday after the release of the latest GDP growth figures for the UK economy. The pound had been boosted by employment figures a day earlier but growth failed to spark a move above 1.1800. Activity grew by 0.4% in August as the economy continues to stagnate from the initial rebound higher. The GBP to EUR trades at 1.1785 with the chance of losing 1.1800 for a third time this year. Pound sterling subdued on growth figures The pound sterling...
GBP EUR Rebounds on UK Employment Figuresvideo

GBP EUR Rebounds on UK Employment Figures

The GBP EUR exchange rate was 0.27% higher on Tuesday after the latest UK employment figures offered support. Job vacancies in the country are at a record high, according to the ONS. The latest figures remove fears over the end of furlough and also support a BoE rate hike. The GBP to EUR trades back near the 1.1800 key level after the figures. Employment figures ahead but coronavirus cases lurk The number of job vacancies in the UK has hit a record high, according to the latest...
GBP EUR Looks to Employment Figures for Support

GBP EUR Looks to Employment Figures for Support

The GBPEUR exchange rate was slightly higher on Monday, but traders are waiting for today’s employment figures. With the pair hovering at the 1.1800 level, a stronger number could push the pound sterling back towards the yearly highs at 1.1833. The GBP to EUR trades around 1.1760 after a recent strong rally on European gas price woes. Employment figures ahead but coronavirus cases lurk The UK economy will see the release of the most recent employment figures today. The pound was strengthened over the weekend by rate...
GBP EUR Starts the Week with 1.1800 Test

GBP EUR Starts the Week with 1.1800 Test

The GBP EUR exchange rate was higher by 0.30% on Monday with the pair seeing its highest level two months. The pound sterling has shrugged off recent energy market woes to continue its uptrend. Tuesday will start the economic data for the week with UK employment. The GBP to EUR trades at 1.1792 after an early test of the 1.1800 level. Pound sterling powered higher by rate hike bets Money markets have increased their bets on a November interest rate increase as soon as next month after...
GBP EUR Exchange Rate: The Week Ahead October 10th

GBP EUR Exchange Rate: The Week Ahead October 10th

The GBPEUR exchange rate surged on the week to head for the 2021 highs above 1.1800. The energy crisis in the UK soothed, but traders also started to factor in European problems after Dutch gas futures prices also hit record highs. The driver of a 0.25% rise on Thursday in the pound sterling was the minutes of the latest ECB meeting, which showed the bank have discussed an extension to bond-buying once the pandemic program ends. The GBP to EUR was trading above the 1.1750...
GBP EUR Exchange Rate: Week in Review October 9th

GBP EUR Exchange Rate: Week in Review October 9th

The GBP to EUR exchange surged into the weekend after the latest European Central Bank minutes indicated further stimulus measures. The UK also saw house prices at a record high for the year. The UK was seeing its fuel and energy problems easing, while Europe was also dealing with record high energy prices. The GBP v EUR was heading for the yearly highs above 1.1800 again after failing at that level twice this year. European central bankers discussed further stimulus bond purchases The key news for the...
GBP EUR Higher After ECB Talks of New Stimulus

GBP EUR Higher After ECB Talks of New Stimulus

The GBPEUR exchange rate was higher by 0.12% on Thursday after the release of the latest European Central Bank meeting minutes. Policymakers in Brussels discussed a new bond buying programme to take effect once the current stimulus winds down next year. UK house prices also showed a new record high in September. The GBP to EUR trades at 1.1765 as it squeezes back towards the yearly highs above 1.1800. European central bank discussed new bond-buying in September The European Central Bank (ECB) revealed that policymakers considered a...
GBP EUR Tests Recent Resistance Before ECB Minutes

GBP EUR Tests Recent Resistance Before ECB Minutes

The GBP EUR exchange rate was slightly higher on Wednesday as traders absorbed the recent rise in European gas prices. Today will bring the minutes of the latest European Central Bank monetary policy meeting. Traders will be on guard for any hawkish twists in the bank’s policy. The GBP to EUR trades near recent resistance at 1.1750 and the yearly highs above 1.1800 would be the next path. European gas prices extend gains to force EU’s hand European gas prices backed off from recent highs but have...