Brexit continues to dictate GBP/EUR

Divided opinion sees the Pound fall against the Euro

The brother of Boris Johnson has resigned and is now the sixth minister to resign under Theresa May's government owing to the course of the Brexit plans. Jo Johnson has said that the UK will need to 'pause and reflect' before taking any final decisions over Brexit. He has also called for another referendum and had claimed that the current plan is not what has been promised previously. This has caused the Pound against the Euro to fall from its recent six month highs as it...
Brexit deal getting closer and the impact on the Pound vs Euro

Brexit deal getting closer and the impact on Pound vs Euro rates

The Pound vs Euro rate has had one of its best weeks this year with Sterling hitting 1.15 during the last couple of trading sessions. Is a Brexit deal getting closer? At the moment it appears as though the Brexit talks are going in the right direction and with Prime Minister Theresa May having suggested that a deal is 95% done, could we see a deal agreed during November? With Brexit Secretary Dominic Raab having also suggested recently that a Brexit deal could be agreed by 21st...
Brexit news - Will GBP/EUR exchange rates reach 1.15?

Pound vs Euro: Will the GBP/EUR exchange rate reach 1.15?

GBP/EUR exchange rates are by some measures already at 1.15. Many sources of the headline 'interbank' exchange rate are rounded up, and with GBP/EUR trading in the mid to high 1.14's for most of this week. Technically, the level has not actually breached 1.15 yet but it does seem highly likely. GBP/EUR exchange rates: Brexit the key driver Positive Brexit news is clearly the main driver for the pound with the market becoming excited that yes, finally, a deal on the UK's exit terms from the...
Pound to euro forecast: GBP EUR at 5 month high

Pound to euro forecast: GBP/EUR rate hits 5 month high

In today's pound to euro forecast James Lovick discusses the recent rise in the GBP/EUR rate. The pound has rallied to a 5 month high against the euro creating a good buy opportunity for those looking to purchase euros. Much of the recent strength continues to stem from the optimism that a Brexit deal will be reached and that progress continues to be made. Brexit latest news: Irish border issue still unresolved There are some risks associated with these final stages though and whilst the pound...
Pound to Euro rates - will GBP/EUR test the 1.15 level?

Pound to Euro rates: Will GBP/EUR test the 1.15 level?

The Pound to Euro exchange rate has edged higher this morning and broken through the 1.1450 level at its highest point of the day so far. The Pound to Euro rate has continued to climb despite poor data. This is due to hopes of a Brexit deal being agreed soon. Pound to Euro exchange rate unaffected by poor UK Service data I find the rise in the Pound to Euro exchange rate interesting and perhaps a sign of the Pound's future price movements, as just yesterday...
Pound vs Euro closes in on a 5 month high

Pound vs Euro closes in on a 5 month high

In our latest pound to euro forecast we look at the week ahead for the currency pair. This weekend reports have emerged that UK Prime Minister Theresa May is closer to reaching a deal with the EU than many had first thought. Many media outlets have reported that the PM found herself calling her own Cabinet members in a bid to assure them that she is not preparing a summit at the end of the month before securing political agreement within her party. Brexit news:...
Will the Pound gain this week

Eurozone showing signs of a slowdown and could a Brexit deal happen this month?

The Pound has fought back during the course of this week against the Euro after the Eurozone economy showed signs of a slowdown. Eurozone GDP figures showed a fall to their lowest level in four years as they fell 0.4% from the previous quarter. Clearly the Brexit uncertainty has helped to keep the Pound under a lot of pressure against the Euro but there are also a lot of problems on the continent at the moment. Italian growth has fallen to 0% even though the government are...
Could a Brexit deal be finalised on the 21st of November?

Could a Brexit deal be finalised on the 21st of November?

The pound has made some very positive gains towards the end of this week as it appears as though the Brexit situation is improving. Reports emerged that a deal could be made regarding financial services for the UK after  Brexit and this has helped the pound to hit 1.14 gainst the euro during this morning's trading session. Reports also suggested that Theresa May has agreed part of this potential deal, which would be seen as a huge positive step for the UK's outlook after next March. Brexit...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR rate remains steady as markets await the Autumn Budget

Sterling tailed off towards the end of last week after a prominent think tank, the National Institute of Economic and Social Research (NIESR) warned about the potential negative effects of a no-deal Brexit. I expect similar concerns to dominate the headlines following the Autumn Budget this afternoon as the Chancellor of the Exchequer Philip Hammond will be speaking. He's scheduled to speak around 3.00pm, so those of our readers following the pound's value at the moment should pay close attention to this event. GBP/EUR rates...
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GBP/EUR Forecast – Sterling Under Pressure as Irish Border Concerns Continue

The pound has struggled to make any significant inroads against the major currencies, despite a slight upturn against EUR earlier this week. Investors' risk appetite for the pound has diminished once again, following a lack of clarity over which direction Brexit talks are really heading in. The pound had made gains on the assumption that there would be an agreement between the UK and EU at last week’s summit in Brussels. This positivity proved to be premature as talks once again hit an impasse, predominantly due...