GBPEUR

DUP announce softening stance on Irish border: How has this affected GBP/EUR rates? The pound to euro exchange rate this week has increased and there has been further movement this morning with GBP/EUR interbank rates reaching a high of 1.11927 this morning. The movement may be because overnight the DUP appeared to have handed UK Prime Minister Boris Johnson a lifeline by stating they could take some EU rules in a bid to break the Brexit deadlock and potentially remove the Irish backstop. In addition,...

The pound to euro exchange rates have been experiencing increasing volatility since the end of July. The rate of 1.064 has been the lowest at August 10th, whilst at the highest it has hit 1.1224. With Parliament suspended for now, what will lie ahead to move the market? Potential ECB interest rate cut: How could a cut influence GBP/EUR exchange rates? Today, is the latest ECB (European Central Bank) interest rate decision which has a higher level of importance than usual. This is because the ECB,...

Pound improves against the Euro The Pound has managed to remain firm against the Euro this week as it appears as though Boris Johnson is changing his tone towards a deal with the European Union. Earlier on this week parliament voted to remove a no deal Brexit from the proceedings and this means it will be very difficult for Boris to deliver a no deal Brexit at the end of October. This means that Boris will have to come up with some sort of alternative. In the...

UK Parliament prorogued The pound to Euro exchange rate has recovered with rates sitting above 1.1150 for the GBP vs EUR pair. Last night saw the UK parliament prorogued by Boris Johnson for 5 weeks after two additional debates took place in the House of Commons. Rebel and remain focused MP Dominic Grieve filed a motion that 9 of the Prime Ministers aides must provide private emails and texts including no deal plans under Operation Yellowhammer by Wednesday evening. How this development pans out remains...

Sterling gains against the Euro The pound to euro exchange rate has been climbing since this morning, following on from some gains made late last week. Sterling has also gaining against other major currencies such as the US dollar and the Australian dollar for example, as sentiment surrounding the pound is improving owing to the market perception that the chances of a no-deal Brexit are decreasing. This market movement isn't unusual, and anyone that's been following the markets and the pound over the past few years...

Pound to Euro rate volatility: Is a no deal Brexit still an option? The pound to euro exchange rates have seen a lot of movement on the interbank exchange this week with the pound mostly gaining this week. Boris Johnson was defeated in parliament and we could see further progress with the House of Lords due to be confirmed later on today. The bill is designed to force the Prime Minister to look for an extension to the current 31st October deadline. However, Johnson's government want...

Boris Johnson's Government suffers first defeat in Brexit vote: What could this mean for GBP/EUR exchange rates? Brexit is taking new twists and turns, as the market learns of fresh developments in parliament, as the various factions seek to establish some kind of order and direction. The British parliament reconvened after the summer recess with increasing expectations that following Boris Johnson's proroguing of parliament, this week would be the one-off opportunity ahead to block no-deal. Overnight, John Bercow has allowed the debate on a ruling, which...

Pound to Euro exchange rate sits above the 1.10 benchmark: Could this change before the UK departs the EU? The pound to euro exchange rate remains supported despite Brexit tensions rising to new levels between those politicians who with to remain in the European Union and the that wish to respect the result of the 2016 referendum. GBP to EUR exchange rates currently sit above 1.10 for the pair ahead of a politically heavy week. Those with pending currency transfers to make in the next two...

Could a deal be done before 31st October? Boris Johnson has claimed that he will be stepping up his efforts in order to secure a deal with the European Union prior the 31st October deadline. According to reports Brexit negotiators will be meeting twice a week in September prior to the next summit due to be held on 17th and 18th October. Clearly many MPs are upset with Johnson's decision to suspend parliament and we now have just two months to go before the deadline. Last...

Pound to euro exchange rates look like they will continue to be facing scrutiny over Brexit, as well other key events for Europe. The pound has proved on numerous occasions its sensitivity to Brexit news, at any moment a headline can trigger market activity, just like we have seen in recent weeks. Pound to Euro exchange rate: Boris determined to bring UK out of the EU by October deadline We cannot say exactly what will happen but, by looking at previous behaviour, it seems that increased...