GBPEUR

With only a few days before the House of Commons look to hold the next vote on Brexit it appears as though the deal is highly unlikely to be approved. A recent vote that took place earlier this week confirmed that Theresa May would only be granted three days instead of twenty one days in order to come up with a plan B if this particular vote gets denied. This is clearly not enough time and if Theresa May does not have anything more suitable...

Sterling has lost further ground against its Euro counterpart this week, with the markets gearing up for next week’s key Brexit vote. There was another twist to the on-going saga yesterday, as UK Prime Minister Theresa May suffered fresh humiliation in the House of Commons. With the PM fighting to push through her Brexit deal in the same venue next week, she took yet another hit as the Government lost a second dramatic Parliamentary showdown in as many days. Should the PM’s Brexit deal be rejected...

The pound could be in for some severely testing times as the latest Parliamentary vote on Brexit approaches next week. Whilst last night the Government was defeated on a Finance Bill which should help prevent a no-deal Brexit, the pound could still be in for some volatile sessions ahead. No-deal Brexit deemed too disruptive to UK economy The British Government is planning for a no-deal Brexit but many in Parliament have said they will do everything in their power to stop a no-deal, for fear it...

The Pound to Euro exchange rate continues to fall lower ahead of the eagerly awaited Parliamentary vote on the existing Brexit deal to be held next Tuesday 15th January. Now that Parliament has returned from the Christmas recess the conversation this week will be dominated by Brexit. The Government is currently waiting for further reassurances from the EU on the Northern Ireland backstop in the event that a future trade agreement is not reached. The issue surrounds whether or not the backstop is time...

Many from within the financial markets are expecting to see some potentially large price changes over the next few weeks, as we're likely to understand the next steps in the Brexit process during this time. Last month the UK's Prime Minister, Theresa May cancelled the vote on her Brexit deal in Parliament as she expected to lose quite dramatically. This was done just before the vote was expected to take place so the markets aren't likely to rule out the chances of this happening once...

In this pound to Euro forecast we look ahead at the events that could influence GBP/EUR rates in January. What can we expect in January and will GBP/EUR rates drop further? January is looking to be a crucial month for Brexit which is the main driver of the pound to Euro rate. The pound has been weaker in recent weeks as investors lack of understanding of the Brexit is reflected in the price of the pound. The Euro has been finding some favour too, further...

The pound to euro rate has fallen lower as we have moved into 2019 with rates for the GBP to EUR pair having fallen to below 1.1050. A mini flash crash was seen in overnight trading with a sudden but short lived fall in the pound which has been attributed to low liquidity conditions at this time of year and at this time of night when many of the exchange markets were shut whilst Japan is enjoying a four day holiday. The crash also...

The Pound is trading in negative territory against the board of major currency pairs this morning, with GBP/EUR dropping into the 1.10s at the time of writing. The pair have been range bound for a while now, mostly trading between 1.1050 and 1.1200, although there are plenty of key dates this month that could push the pair out of this trading range. Brexit uncertainties are likely to remain an issue for Sterling until at least the middle of this month. MPs will return from their...

GBP/EUR Forecast: For clients that are planning GBP/EUR currency transfers throughout 2019, Q1 is going to have a major influence on the exchange rate for the remainder of the year. The ongoing Brexit negotiations are coming to an end and MPs are preparing to debate Theresa May's Brexit deal the first week they return. Following the debate MPs will have the meaningful vote which is crucial for the Prime Minister and ultimately the strength of the pound. If Conservative MPs vote in favour of Theresa...

The Pound is close to its lowest level all year as we are now just three months away from the deadline when the UK is due to officially leave the European Union. The latest key date will come in the next fortnight when MPs will meet once again to vote on the current Brexit deal. Earlier this month the vote was postponed after it emerged that Theresa May clearly didn't have enough support to get the Brexit deal through and since then she has tried to...