Sterling Stands near 31-Month High Versus Euro, as Polls Show Continued Tory Lead

Sterling Stands near 31-Month High Versus Euro, as Polls Show Continued Tory Lead

The pound to euro interbank exchange rate stands at 1.1731 today. This is 0.27% below sterling’s recent 31-month high versus the Eurozone’s common currency, its strongest since May 14th 2017, reached last Wednesday 27th November 2019, at 1.1763. Opinion Polls Show Continued Tory Lead, Ahead of UK Election on December 12th Sterling stands near this 31-month high versus the euro on the interbank market today, because most opinion polls continue to suggest that the Conservative Party will win a majority of MPs at the UK’s general...
Pound to Euro Exchange Rate near 31-Month High, as Tory Majority Remains Likely

Pound to Euro Outlook : Will GBP/EUR Rise or Fall on the UK Election?

The pound to Euro outlook has been shaped largely by Brexit, as investors track the latest news and trends on the election, to try and determine how it might influence the outcome on Brexit. Sterling reached fresh 8-month highs against the Euro this week, as investors became more optimistic over the prospect of a Conservative majority, as evidenced by this week’s ComRes poll, which indicated a Conservative majority of 68 seats. This, is one of the most accurate polling methods and was the closest...
Sterling vs Euro Hits New 31-Month High, as Markets Forecast Tory Win

Pound to Euro Exchange Rate Nears 31-Month High, as YouGov Poll Signals Tory Win

The pound to euro interbank exchange rate stands at 1.1763 today. This is very close to its highest in 31 months, or since May 14th 2017, reached yesterday at 1.1764. Sterling stands near this 31-month high versus the Eurozone’s common currency, because an anticipated poll by YouGov yesterday suggests that the Conservative Party will win a majority of MPs, at the December 12th UK general election. It’s thought that, if a single political party wins next month’s election, it may unblock Brexit, and increase...
Pound to Euro Exchange Rate Remains Below 29-Week High, as Tory Poll Lead Falls

Pound to Euro Exchange Rate Remains Below 29-Week High, as Tory Poll Lead Falls

The pound to euro interbank exchange rate stands at 1.1683 today. This remains 0.32% below sterling’s recent 29-week high versus the common currency, reached this Monday 25th, of 1.1721. In part, the GBP stands below this 29-week high versus the EUR, because the latest opinion polls show that the Conservatives’ lead has fallen, ahead of the UK’s general election on December 12th. This has worried the world’s financial investors that there won’t be a decisive result, such as a ‘hung’ Parliament, in which case...
Pound to Euro Exchange Rate near 31-Month High, as Tory Majority Remains Likely

Sterling Below 29-Week High Versus Euro, as Polls Show Tory Lead Narrowing

The pound to euro interbank exchange rate stands at 1.1667 today at the time of writing. This is 0.46% below sterling’s 29-week high versus the euro, its strongest since May 6th, reached yesterday, at 1.1721. GBP has edged lower versus the EUR on the interbank market today, because two opinion polls have showed that the Conservative Party’s lead is narrowing, ahead of the UK’s general election on December 12th. The financial markets are concerned that this raises the probability that there’ll be a ‘hung’ Parliament, in...
Sterling vs Euro Exchange Rate Below 31-Month High, as UK Election Polls Tighten

Pound to Euro Forecast: Will the Conservatives Win a Majority?

The pound to Euro exchange rate has started the week on a stronger footing despite a poor end to last week. UK purchasing Managers Index data for the manufacturing and services sectors dipped into weak territory falling to 48.6 and 48.3 respectively. Anything below 50 represents contraction in the sector which is why the markets took stock of the data. The weak number puts the UK on course for a contraction in GDP for the fourth quarter which pushes the country closer to a...
Sterling Declines Against the Euro as Concerns Grow over Hung Parliament

Sterling Declines Against the Euro as Concerns Grow over Hung Parliament

The pound to euro exchange rate stands at 1.1632, at the time of writing. This is 0.75 cents or 0.65% below sterling’s six-month high versus the Eurozone’s common currency, reached last Monday 18th November, at 1.1725. In part, the sterling vs euro interbank exchange rate has weakened this week, because the financial markets are increasingly uncertain that next month’s UK general election will deliver a stable, majority government. Also, sterling has weakened, because the UK’s manufacturing and services PMIs (Purchasing Managers Indices) for November...
How will the UK election shape GBP/EUR?

Pound to Euro Outlook: How will the UK election shape GBP/EUR?

The pound to Euro exchange rate has been rising on the expectation of a Conservative majority, which is what the opinion polls are currently showing. The pound has been a barometer of sentiments on Brexit, and with the expectation that a Conservative victory helps the Boris Johnson government to get a Brexit deal through parliament, the pound is stronger. The major cause of worry for the pound has been the prospect of a no-deal Brexit, with the evidence from back on August 10th, when...
Pound to Euro Exchange Rates: How Could a Conservative Majority Help Boost Sterling?

Pound to Euro Exchange Rates: How Could a Conservative Majority Help Boost Sterling?

The pound to euro exchange rate has continued to trade over 1.16 on the interbank level since 11th October and is now consolidating it’s moves within a 1.16-.1.17 broad range. The market’s assumption at this stage is that a Conservative majority will be the outcome of December 12th general election and that a swift and orderly Brexit will follow. A general analysis of the Polls by Business Matters magazine shows that 42% of voters currently favour the Conservatives, compared to just 29% for Labour,...
After the TV Election Debate

Pound to Euro Forecast: After the TV Election Debate

The pound to Euro exchange rate has dipped lower this morning following the televised TV debate between Jeremy Corbyn and Boris Johnson. A snap YouGov poll after the debate found that 51% of viewers found that Johnson performed better than Corbyn. YouGov added that it is so close as to be within the margin of error. It is important as YouGov is regarded as the most accurate of polls and was in tune with changes in voting habits in the 2017 election when Theresa...