GBPEUR

The pound found some support last week following losses of 2.5 percent against most major currencies in the week before. The pound to euro and pound to dollar rate remained largely rangebound throughout with both currency pairs closing the week at similar rates to where they began. Following the Bank Holiday weekend, this week will be a short one, and sterling has started the day slightly higher with pound to euro trading at 1.1211 and pound to dollar trading at 1.2262. However, despite some respite for...

With GBPEUR exchange rates exchange rates having dropped from an interbank exchange rate of 1.15 towards the end of April down to a rate in the 1.11s at the time of writing this article, many of my clients are asking me about the Pound Sterling Forecast, and whether or not the pound could weaken further still? Add into the situation a 4 cent drop for GBPUSD (1.26 to 1.22) and a 9-cent decline for GBPAUD (1.95 to 1.86) and sterling exchange rates really have had...

With so many now betting against the pound, the question seems to be how much will the pound fall by, rather than if the pound will fall. Whilst the pound received some welcomed support last week, many still expect pound to euro and pound to dollar to target much lower levels over the coming weeks. Karen Jones, Head of Technical Analysis for currencies, commodities and bonds and Commerzbank thinks pound to euro will target 1.1037 shortly, and technical analyst colleague Axel Rudolph is looking for...

Sterling has been struggling to maintain its strength lately as investors become increasingly concerned over the outlook ahead. The potential for the pound sterling forecast to weaken is a real possibility with various concerns over which may threaten its strength. In order for the pound to stage a recovery soon we will perhaps need to see shift in sentiment to the British currency which has so far been on a losing streak. Against the US dollar and Euro the pound has lost around 3% this...

Pound to euro and pound to dollar remain trading at 1.11 and 1.22 respectively but the pound fell to a new 7 week low against the euro during yesterday’s trading as the yield that is returned on UK government debt dropped below 0 percent for the first time ever and expectation for the Bank of England to cut interest rates below zero for the first time in history increased. On Wednesday the Debt Management Office auctioned £3.75 billion of government bonds for maturity in 2023...

The pound began this week testing fresh lows against the Euro and US dollar, and has struggled to make much headway back since. The pound to euro rate has in fact touched fresh lows this morning, as well as against the Euro, Australian dollar and the New Zealand dollar. The reasons for this sterling decline are numerous, including the worries and fears over the impact of the Coronavirus on the UK. Rishi Sunak, the British Chancellor stated that the UK is at risk of a...

The pound to euro and pound to US dollar rate has fallen against over the last week and has failed to recoup those losses. Although sterling exchange rates have traded in a narrow range it is striking to see there has been no bounce back for the pound having tested the higher levels of 1.15 for GBP EUR over these last few weeks. UK Chancellor Rishi Sunak has indicated that up to 3 million people may be unemployed by the end of the Coronavirus....

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that employment was at a...

Pound to euro and pound to dollar fell more than 2 percent during last week’s trading as sterling experienced its worst week in 2 months. GBPEUR dipped to 1.1182 and GBPUSD sank to 1.2104 as investors risk appetite tapered. A lack of progress in Brexit talks was the main instigator in the pound’s fall as another round of trade talks emerged with no prospect of a deal in sight. The EU’s Chief Negotiator Michel Barnier was quick to criticise the UK for its lack of...

The pound to euro exchange rate fell more than 1 percent during Friday’s trading, closing the week at 1.1200 against the euro and 1.2112 against the US dollar. GBPEUR saw its worst week in nearly two months as the pound fell nearly 2.5 percent, and GBPUSD saw similar losses. Sterling was the worst performing of the G10 currencies as the pound was hit by fears of Covid 19 and Brexit risks. On Friday, Brexit tensions sent the pound tumbling as the UK and EU remained...