Pound to euro rate forecast: Sterling slumps to 1.14 as Theresa May looks destined for failure

Pound to euro rate forecast: Sterling slumps to 1.14 as Theresa May looks destined...

The pound to euro rate slumps as Theresa May seems to be destined for failure again when she puts her deal before the House of Commons in early May. Her deal has failed on three occasions to go through and it seems there is little change from the deal fro her last attempt to have it passed through. Strong opposition to May's Brexit bill impacts pound to euro rate Figureheads from both within and outside the Tory party have stated they are in opposition to the...
European elections to impact sterling euro exchange rates

European elections to impact sterling euro exchange rates

European elections to cause movement for the pound vs the euro. We are now just over one week away from when the European elections are due to be held. The result of this could be huge for British politics as with the local elections recently highlighting a move away from the Tories and Labour the landscape could be different in the future. The likelihood is that voters will move towards the Brexit party, Liberal Democrats as well as Change UK. The Brexit party led by Nigel...
Are we heading towards a UK General Election and / or Second Referendum?

Are we heading towards a UK General Election and / or Second Referendum?

The Pound has seen its value dip against the Euro this morning, losing almost half a cent during early morning’s trading. Why is the Pound weakening? The Pound is now floating just above 1.15, having failed to make any significant inroads against the Euro since last week’s gains were eliminated. The Pound had seen its value improve off the back of an apparent breakthrough in cross-party Brexit talks at the beginning of last week, but subsequent reports have indicated this not to be the case, with the...
Pound to euro rate forecast: Will rates rise or fall on the European elections and Brexit?

Pound to euro rate forecast: Will rates rise or fall on the European elections...

The pound to euro rate has slipped as expectations over a deal between Labour and the Conservatives faded and focus returned to the difficulties that may lie ahead in the longer term. Clients expecting a quick return to some of the higher levels buying euros will need to see sterling finding some form, or indeed the euro weakening. The euro has been weaker already presenting some opportunity, but could now struggle as investors await the European elections. The European elections are also a key topic for...

Positive UK GDP helps the Pound against the Euro

UK GDP figures gave the Pound a lift against the Euro on Friday morning coming out at 1.8% which was an improvement compared to the previous quarter. However, the increase in Sterling was limited as the figures came out as expected. One of the main reasons for the increase in GDP for the first quarter of 2019 was because this was the period when the Brexit deadline was due to take place on 29th March. Huge amounts of firms were stockpiling goods in the...
Will GBP/EUR rates hit 1.20?

Will GBP/EUR rates hit 1.20?

The pound has been rising against the euro in 2019 with some of the best rates to buy euros in almost 2 years. Cross party Brexit talks Clients looking for a higher price might find some comfort from any breakthrough in the Brexit negotiations, plus the potential unsettling of the euro following the European elections on the 23rd May. My personal view is that there will be no quick resolution from the Brexit stalemate, and that sterling will continue to remain on the weaker side and...
Pound falls against the euro but could UK GDP data save the pound tomorrow?

Pound falls against the euro but could UK GDP data save the pound tomorrow?

The pound has been under pressure since the start of the week against the euro after getting close to its best level to buy euros in almost two years. Brexit talks sour The pound had previously gained as the news filtered through that the cross-party talks between the Tories and Labour was going well. However, since then it appears as though the talks have once again broken down with little progression and this is why the pound has started to decrease in value against the euro. Talks...
Will the Pound rise or fall versus the Euro in May?

Will the Pound rise or fall versus the Euro in May?

The Pound to Euro exchange rate has risen on the back of loose expectations that the UK might be able to strike a deal between the Labour Party and the Conservative Party. There is now a feeling that with both parties doing so badly in the local elections, there is added impetus to try and form an agreement to deliver a Brexit of some description. Will the Euro weaken in May? The Euro has also suffered of late with the market sceptical of some of the...
Pound to Euro Forecast - Brexit Extended

Pound hits fresh highs against the Euro as Tories and Labour talks move forward

The Pound has moved upwards vs the Euro during Friday afternoon's trading session following the recent local elections which saw the Tories and Labour party lose a large number of seats between them. The Tories lost by their biggest number since 1995 and many senior Tories are encouraging the party to progress the talks in order to deliver Brexit. The disappointing results for both parties could mean that they will be encouraged to come to a resolution as soon as possible and this is one of...
Pound to Euro exchange rate ends the week on a high - GBP/EUR over 1.17

Pound to Euro exchange rate ends the week on a high – GBP/EUR over...

The Pound to Euro exchange rate had a great end to the week, rising above 1.17, as investors and speculators rushed to back the Pound in Friday afternoon's trading session. Why has the Pound risen against the Euro? It is thought that the reason behind the spike in the market is that many now believe that due to the poor performance for both the Conservative and Labour Parties in local elections Theresa May and Jeremy Corbyn could well move a little faster to reach a compromise...