Pound to Euro Forecast: Theresa May stonewalled by Brussels

Pound to Euro Forecast: Theresa May stonewalled by Brussels

In today's pound to euro forecast we discussed the latest events affecting the rates, starting with Theresa May's Brexit deal which appears to stand little chance of passing through the House of Commons. The PM's hopes of gaining assistance from EU leaders to push through her Brexit deal in the House of Commons have been dashed. She now must return home to face the wrath of her Party. May's intention was to head to the EU's winter summit in Brussels to try and gain legal assurances...
May heads to Brussels after surviving vote of no-confidence

May heads to Brussels after surviving vote of no-confidence

A two-day EU summit in Brussels begins today, and UK Prime Minister Theresa May will be in attendance after her position as PM was questioned yesterday. The subject of Brexit will of course by on the agenda as it's May's Brexit deal with the EU that's caused her position to be questioned. The vote of no confidence was called after the required 48 letters were received by the Chair of the 1922 committee. The outcome of the vote demonstrated that 117 Tory members would like...
Pound to Euro Forecast - Theresa May wins the vote which gives the Pound a boost against the Euro

Pound to Euro Forecast – Theresa May wins the vote which gives the Pound...

In today's Pound to Euro forecast we look at the events of this week and the factors affecting exchange rates. Prime Minister Theresa May has managed to survive the vote of no confidence yesterday evening with a majority of 83 votes and this has helped the Pound to Euro exchange rate. The result showed 200-117 which highlights discontent in the Party but with a relatively strong majority this has given her the support, at least in the short term to lead the Party forward. She...
UK trigger vote of no confidence in Prime Minster

Pound Sterling Forecast: UK trigger vote of no confidence in PM

In the shadows over the last month rumors have been emerging that a vote of no confidence against Theresa May was on the horizon and this morning Sir Graham Brady of the 1922 Committee has confirmed that 48 letters have been submitted, which will now lead to a leadership contest. First things first a vote will take place between 6-8pm this evening and the votes will be counted shortly after. The question I will be asked throughout the day is what next and how this...
GBP/EUR Forecast: Pound to Euro Rate Plummets 1.5% on Brexit Vote Delays!

GBP/EUR Forecast: Pound to Euro Rate Plummets 1.5% on Brexit Vote Delays

In today's GBP/EUR forecast we discuss the headline event of this week, the UK Parliament's meaningful vote on Mrs May's Brexit EU Withdrawal Bill, has been postponed. The news saw the pound sharply sold off as traders bet that the uncertainty would persist and there is now an increased likelihood of worse news to come. Sterling to Euro rates hit a 4 month low nudging the 1.10 mark. GBP/EUR opened at 1.1180 before diving to 1.1050 by lunchtime, with a further fall to 1.1011 by...
Theresa May cancels Parliament vote - Will we have a no deal Brexit?

Theresa May cancels Parliament vote – Will we have a no deal Brexit?

Today has been a wild day on the markets following news that UK Prime Minister Theresa May had decided to cancel the Parliamentary vote on Brexit. This bought down the value of the Pound and at the time of writing this update Prime Minister May is answering some fairly intense questioning at the House of Commons. The Pound to Euro exchange rate is currently sat at 1.105, a drop from the rate of 1.113 we saw on Friday. Things do not look good for the...
GBP to EUR Falls Lower as Risk of UK General Election Looms ahead of Parliamentary Vote

GBP to EUR Falls Lower as Risk of UK General Election Looms ahead of...

Pound to Euro exchange rates have started the week lower ahead of a crucial parliamentary vote to be held tomorrow (11th December) on whether parliament will accept the Brexit deal so far agreed. Rates for GBP to EUR have now fallen to below 1.1150 after weekend reports suggest that the vote will still go ahead as planned despite a growing consensus that Prime Minister will lose this vote. It is more than likely that Theresa May will be unable to push through her Brexit...
Pound to Euro forecast - How will the Brexit vote impact exchange rates?

Pound to Euro forecast – How will the Brexit vote impact exchange rates?

The Pound to Euro forecast is for volatility next week. Pound to Euro exchange rates have been trading in a relatively tight range during the course of this week as the foreign exchange markets appear to be eagerly anticipating what may happen next week when MPs will vote on the current Brexit plan on offer. At the moment it appears as though Therea May does not have the support that she needs to approve this current Brexit deal and I think whatever happens next week...
UK Brexit Vote Fast Approaching - How Will This Affect Sterling's Value?

UK Brexit vote fast approaching – how will this affect sterling’s value?

GBP/EUR rates have remained relatively flat during early morning trading today, with investors' focus fixed on next Tuesday’s key Brexit vote. This is the point when UK MP’s will decide whether or not to approved UK Prime Minister Theresa May’s controversial Brexit deal, which has received wide spread criticism over recent days. It is anticipated that MP’s will vote against the deal initially but the key to how sterling performs over the coming weeks may be linked to the margin of any prospective defeat, if indeed...
GBPEUR Forecast : How will GBPEUR levels react to the Brexit vote?

GBPEUR Forecast : How will GBPEUR levels react to the Brexit vote?

The pound has been weaker as we get closer and closer to the Parliamentary vote on the Brexit Withdrawal Bill in the House of Commons next week. Tuesday 11th December could be a very volatile day as the market tries to second guess the possible outcome. I feel sterling has a real propensity to weakness at present and this might mean the pound could have further to fall. GBPEUR levels have now touched below 1.12 in the last 24 hours and it is only really...