Pound ends the week on a high vs the euro

GBP ends the week on a high vs EUR

Pound makes gains vs the euro The pound has made some gains vs the euro during the course of this week providing some better opportunities to buy Euros with Pounds. This has seens sterling hit its best interbank exchange rate against the euro in the last 10 days. UK Retail Sales data published yesterday saw better than expected data which provided the pound with a much needed boost. Year on year figures showed an improvement to 3.3% compared to twelve months previously. Wage growth also saw the best...
Pound to Euro outlook Could pound to Euro exchange rates rise back above 1.10?

Pound to Euro outlook: Could GBP/EUR exchange rates rise back above 1.10?

Pound to Euro exchange rate: Euro weakness sees the Pound make a short-term bounce back The pound to euro exchange rate has been nudging the 10-year low on the interbank, having broken through the 1.07 mark on Friday, testing 1.064. this is the lowest level seen since January 2009, breaching the 1.0730 lows of August 2017. The euro has been weaker since Friday last week, following the news that the Germany economy is not growing as fast as hoped, with the recent economic growth figures...
Pound to Euro exchange rate forecast European data disappoints, Sterling makes minor gains as inflation creeps above 2%

Pound to Euro exchange rate forecast: European data disappoints, Sterling makes minor gains as...

The pound to euro exchange rate has made minor gains with sterling moving against the majority of major currencies at the time of writing this post. UK data yesterday showed slightly better than expected employment and average earnings figures yesterday along with inflation being shown to have crept up above 2% in figures released this morning. Bank of England: Low GBP value causes UK inflation worry Mark Carney (Governor of the Bank of England) had to explain via a letter to the Government why inflation has...
Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain high

Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain...

The pound to euro exchange rate is trading around a 2-year low at the time of writing after dropping into the 1.06's earlier this week. At the time of writing the pair sit at 1.0780 on the interbank exchange which is flat on the day, and it will be interesting moving forward to see whether the pair fall as low as the lows of 2009 when they almost hit parity. Reuters publish probability of no deal Brexit: Sterling continues to show weakness against other major...
Pound to Euro exchange rates GBP trading around 1.0850 on the interbank as Sterling struggles to make any significant headway

Pound to Euro exchange rates: GBP trading around 1.0850 on the interbank as Sterling...

Pound to Euro exchange rate falls to 23 month lows The pound has threatened to stage a fightback against the EUR on more than one occasion this week, but as of yet, has failed to sustain any significant gains against the single currency. Pound to euro exchange rates are trading around 1.0850 on the interbank exchange, with the EUR continuing to find plenty of support around the current levels. 1.09 has offered plenty of protection this week for EUR sellers, with the single currency thus far...
Pound to Euro Outlook: Will GBP/EUR rise back above 1.10?

Pound to Euro Outlook: Will GBP/EUR rise back above 1.10?

Pound to Euro rate continues to trend low The pound to euro exchange rates have been trending lower in recent weeks for various reasons, notably Brexit related concerns on the type of Brexit the UK is aiming for. Yesterday, the 6th August, saw GBP/EUR levels hit 1.0815 on the interbank exchange rate. This is almost 2 years to the date of the previous lows, 28th August 2017 where we saw 1.0740. A key question for euro buyers is whether or not the GBP/EUR interbank rate...
Pound to Euro forecast No Deal planning sparks volatility for GBPEUR exchange rates

Pound to Euro forecast: No Deal planning sparks volatility for GBP/EUR exchange rates

Pound to Euro rates remain at lows The pound to euro exchange rate is making a small recovery this morning with interbank rates for GBP/EUR pushing above 1.0860 for the pair after sharp falls seen yesterday. This is despite reports that have emerged this morning that the EU has completed the vast majority of its no deal planning as it views a no deal Brexit a likely option. The Bank of England in its forecasts last year predicted rates below parity for GBP to EUR...
Pound to Euro exchange rate remains under pressure as no-deal risk increases, could GBPEUR drop below 1.09?

Pound to Euro exchange rate remains under pressure as no-deal risk increases, could GBP/EUR...

Pound continues to test lows against the Euro The pound to euro exchange rate has begun the week as it finished last week, which is under pressure and testing its recent lows. At the time of writing the pound to euro exchange rate is just above 1.09 which has remained a support level for the past week or so, but should the pound come under further pressure we could see the rate drop below this level. Increased chance of no-deal Brexit weighs on the Pound Since the...
Pound to Euro exchange rate forecast Sterling rates continue to suffer from Brexit uncertainty

Pound to Euro exchange rate forecast: Sterling rates continue to suffer from Brexit uncertainty

GBP/EUR exchange rates continue to suffer due to Brexit Uncertainty The pound to euro rate has hit a 23 month low this week. This can largely attributed to the higher probability of a no deal. The more likely a no deal is the potential outcome of Brexit the weaker you would expect sterling to become. Boris will now have difficulty passing through any changes in legislation as the Conservatives lost to the Lib Dems in the Brecon and Radnorshire by-election. Boris now only has the majority by...
Pound to Euro forecast GBPEUR rates fall below 1.10 will there be any improvement from the recent lows?

Pound to Euro forecast: GBP/EUR rates fall below 1.10, could there be any improvement...

Pound weaker over Brexit uncertainty: GBP/EUR rate touch the 1.08's The pound to euro exchange rate has been falling since Friday when the interbank rate was over 1.12, we have seen it touch the 1.08’s and we are at the time of writing seeing 1.0978. The pound is weaker on the uncertainty over Brexit, with the pound losing value as investors sell the currency. Events on Brexit have been central to the performance of the pound since the EU vote in 2016, and the pound...