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...
Could GBP/USD Rates be Heading Below 1.25 by Christmas

Will pound to US dollar rates rise back over 1.30 before the New Year?

Will the pound to US dollar rates rise back over the 1.30 level is a key point of concern for any clients with a position to buy US dollars with sterling. There is a growing expectation that this will only really result from a change in market sentiment toward sterling which is proving very difficult at present. Firstly, the main driver for the pound looks set to continue to be the Brexit and the key factor on Brexit is the Parliamentary vote on the 11th...
Pound to Euro Rates after British Legal Position Explained

Pound to Euro Rates after British Legal Position Explained

Pound to Euro rates has come under further pressure this week ahead of the meaningful vote in Parliament on the 11th of December. Attorney General Geoffrey Cox made a statement in the House of Commons yesterday and made it clear that Britain would not be able to leave the backstop unilaterally. The confirmation in stark black and white only helps to paint a picture that the Brexit deal agreed so far in its current form is unlikely to find enough support in the British...
GBP/EUR exchange rates - Factors to look out for this week

GBP/EUR exchange rates: Factors to look out for this week

There's likely to be a busy start to December for GBP/EUR exchange rates as next week's key vote approaches. On Tuesday the 11th December there will be a vote in Parliament regarding UK Prime Minister, Theresa May's Brexit plan and although it's gaining popularity the markets generally expect her to fail to gain the support she needs. In the lead up to next Tuesday's vote there are a number of factors that could influence GBP/EUR exchange rates in the meantime. Starting tomorrow there will be...
GBPEUR Forecast : How will GBPEUR levels react to the Brexit vote?

GBP/EUR – UK PM Theresa May Rejects Alternatives to her Brexit Deal

GBP has curbed any further losses against EUR during early morning trading, with the pair currently trading close to the high of 1.1249. This morning’s headlines indicate that UK Prime Minister Theresa May has rejected all alternatives to her Brexit deal. This means it is likely that either the current deal will be approved by MP’s on 11th December, or the alternative of a no-deal Brexit will become a very real possibility. Whilst December's vote is not legally binding (in fact a second vote may come...
Pound to Euro Rates: Brexit Impact Papers Cause Pound Sell-Off

Pound to Euro Rates: Brexit Impact Papers Cause Pound Sell-Off

Pound to Euro rates have fallen this morning, with the Pound falling by over half cent since the opening of European trading. The Pound’s sharp drop seems to be a direct result of a various Brexit impact papers, which were released yesterday. These made for fairly grim reading, with the Treasury’s findings indicating that regardless of which version of Brexit we ultimately get, they will all have some type of negative impact on the UK economy. Could Pound to Euro rates reach parity? The Bank of England...
Pound vs Euro - Will Brexit Deal get through Parliament?

Pound vs Euro: Will May’s Brexit Deal get through Parliament?

Parliamentary Vote crucial to Pound vs Euro levels Theresa May saw her deal for Brexit accepted by Brussels this weekend. It took only 38 minutes by each 27 member states. This however did little to move Sterling as the true test for May's deal will be to get it through Parliament. There are many MPs who have openly criticised the current Brexit deal which could mean getting the deal through will be no easy task. The vote will take place on 11th December. If the vote does...