GBPEUR

The Pound was up against the euro on Tuesday afternoon following the release of data which showed that German Gross Domestic Product (GDP) rose in line with previous estimates in the fourth quarter. The European Union published its mandate for the upcoming trade talks with the UK. The GBPEUR interbank exchange rate was higher by 0.47% at 1.1957 with a daily price range of 1.19 to 1.198 at midday on Tuesday. GBP rallied in early European trading hours before settling back at the 1.195...

Pound Sterling has entered the second day of the week on the front foot and has recovered some of the losses sustained against the euro and the USD over the previous hours. However, with the spotlight increasingly favouring the EU-UK Brexit trade negotiations, it is likely that GBP will be capped in time to come. The pound to euro interbank exchange rate was seen higher by 0.45% at 1.1965 earlier this morning. The gains for the pound followed ongoing market fears concerning the impact...

Yesterday morning saw the pound to euro exchange rate dip by 0.2%, with the pairing currently trading at around €1.192. Brexit fears escalated on Monday after France highlighted that it would not sign up to a bad trade deal with the UK simply to meet Downing Street’s strict deadline. With the EU-UK trade talks set to kick off in March, the two sides have laid out their interests on the table. The market has noticed that the two have done so in a more...

This morning saw the release of the much anticipated German IFO business climate index which was set to be closely watched as an early indicator of current conditions and business expectations in Germany. With the Euro finding a late rallying point last week in its PMI releases and a sudden drop in the USD, the IFO survey was in many investors radars to start the week off on the right foot. This appears to have been the case for the Euro as results for...

The GBP/EUR exchange rate failed to recover the 1.20 handle ahead of the weekend, which has now landed the pairing with a neutral bias to start the new trading week. The market predicts that consolidation may be possible for the pair. Some strategists have also suggested that the bitter tone concerning the trade talks between the UK and EU could soon weigh heavier on pound sterling. Late GBP Recovery Saw the Currency Peak Last Week Last week saw GBP spike towards the latter stage of the...

After a week of ups and downs for the pound and euro currencies, the two tied up trading with sterling standing strong but a late rally for the euro saw a last minute edge up against GBP. Looking ahead to the week ahead, the pound will look to continue its strong economic performances in the week to come, whilst the euro investors will hope that a late rally can boost the Eurozone economy out of its recent weakness and trigger a rebound. Next week...

As the market settles over the weekend, the euro’s performance has been scrutinised throughout the week. The struggling currency started the week on the back foot following a recent run of poor economic performances and an uphill climb concerning the coronavirus with has hacked at the Eurozone’s production figures. However, towards the end of the week, the euro managed to rally. The rally started with an uplift in major economy bond yields, and then followed with Friday’s positive IHS Markit flash PMI scores for...

This week has seen a series of data releases for both the UK and the Eurozone, as well as the aftermath of last week’s cabinet reshuffle, proposals of more public spending from both parties and a meeting with the ECB. The pound has certainly fared better of the two currencies, but a late rally from the euro following economic data success has seen the pound falter to the euro but markets predict that the pound will remain well supported into the new trading week....

The pound to euro exchange rate could be widening the gap following recent success on the economic front for pound sterling. The UK’s flash PMI data has supported growth in the UK’s economy, which has led to whispers of the pounds advancement on the euro in the week ahead. As sterling heads into the weekend, it observed gains on the last day of the trading week, reclaiming lost ground against both the euro and USD. The euro has also had a better end to...

Today marked the release of some important flash PMIs for both the Eurozone and Germany. The figures for February’s manufacturing, services and composite PMIs were revealed. For the Eurozone, positivity swept across the board, with all figures showing an uptick on the previous month. Meanwhile, for Germany, their manufacturing figures increased, which will be a relief for the EUR investors after months of struggling following the coronavirus outbreak which has muted Chinese demand. But the German data also revealed a stagnation in the composite...