GBPEUR

Sterling hampered by increasing no-deal Brexit likelihood The pound to euro exchange rate has been suffering as Brexit uncertainties drag the pound lower, and a ‘not so bad’ point of view keeps the euro supported. It is possible that the pound to euro rate will come under pressure if no-deal appears to be an increasing likelihood which it does seem to be the case so far, as investors struggle to get to grips with what type of Brexit is on offer. The Conservative Party leadership...

Boris Johnson vs Jeremy Hunt: What was their stance on Brexit? The euro is now trading close to its best level to buy pounds since the start of the year. The pound is facing huge pressure against a number of different currencies owing to the effect of the Brexit uncertainty as well as the Tory leadership challenge. Last night the two leadership candidates went head to head in a live televised debate. Jeremy Hunt accused Boris of 'peddling optimism' and claimed that the only important issue...

Pound to Euro rates struggle GBP/EUR rates have fallen to a low of 1.1121 today, with the pound struggling to make any inroads against the EUR so far this week. In truth, GBP/EUR have remained extremely rangebound over the past couple of weeks, with no clear trend being defined following the pound's downturn last month. With Boris Johnson now the overwhelming favourite to take up the position in number 10 when the final results are in on July 22, it will be interesting to see how...

Sterling continues to struggle against the Euro: Key market events to look out for The pound over the last 8 weeks has struggled against the euro. Pound to euro exchange rates have dropped by 5%, to put this into monetary value a €250,000 purchase now costs an additional £11,450. This month there are a few key events to look out for which will have a major impact on the currency pairing. Brexit This month 160,000 Tory members will vote on who they want the next Prime Minister...

Tory Leadership battle heats up The Pound has had one of its most quiet weeks of 2019 against the Euro. Sterling appears to have been adopting a wait and see approach vs the single currency. This weekend the Tory leadership battle will start to heat up. Ballot papers have been issued to the 160,000 Tory members across the UK. The vote will close on 22nd July and the new Prime Minister will be announced the following day. The likely winner at the moment appears to be Boris Johnson. However, as...

Over the last 8 weeks, pound to euro exchange rates have dropped 5%. To put this into monetary value a €250,000 purchase now costs an additional £11,450. The pound has declined in value due to the chances of a no deal Brexit increasing. As it's been highlighted over all media stations, front runner Boris Johnson has made it clear that the UK will be leaving the EU with or without a deal at the end of October. New UK Prime Minister to be announced...

So far this week we have not seen a huge amount of volatility for Pound Sterling exchange rates, if anything, against the Euro the Pound dropped ever so slightly. News released this morning indicates that Mark Carney, Governor of the Bank of England is set to potentially take over the helm at the IMF (International Monetary Fund). This no great surprise as he is due to leave at the start of 2020. He had already agreed to remain longer than his original post was due...

Problems within the Eurozone: Euro close to 2 year lows against the Dollar The euro currently sits close to a two year low against the US dollar, yet GBP/EUR rates remains anchored in the 1.11s. The euro has its own troubles such as terrible inflation data and the Italian debt situation. Italian debt is now larger than GDP and Brussels have threatened to impose a €3bln fine on Italy if there is not a solid debt recovery plan put in place. Italian debt higher than GDP This...

Chancellor warns of leadership plans Pound vs euro exchange rates remain range-bound, with the interbank rate currently at 1.26 at the time of writing. The Chancellor of the Exchequer has spoken out about the plans made by Boris and Jeremy Hunt. Philip Hammond has said that their plans 'greatly exceed' what is available with the Treasury. In the last few years the Treasury's surplus has increased. However, not by as much as what the two candidates have pledged. We are now just three weeks away from...

Pound to Euro rates remained fairly static over the weekend, with the Pound failing to make any inroads above 1.12 against the Euro. The Euro continues to find plenty of support around this threshold, as the Pound continues to struggle amidst the on-going political and economic uncertainty the UK is currently facing. Looking at the current Conservative leadership race and both Boris Johnson and Jeremy Hunt have been laying out more of their mandates, regarding how they would go about helping support the UK economy over...