GBPEUR

The GBPEUR exchange rate was 0.17% lower on Thursday as markets woke up to the inflation threat. We’ve noted on this blog that once economies reopen, the threat of rising prices may defy the cosy “transitory” talk form central banks. The US stock market was sharply lower with the Dow Jones Index off 681 points, or almost 2%, and this has weighed on the pound with the FTSE also sharply low this morning by almost 1%. The GBP to EUR has still have a strong week...

The GBPEUR exchange rate is 0.11% lower at midday on Wednesday after the UK saw better than expected GDP figures, while the EU Commission raised its growth forecast for the European economy. The British pound has bounced back from election jitters to score big gains on the week and will now target the 2021 highs. GBPEUR is trading at 1.1650 and the yearly highs are at 1.18 for sterling versus the euro. UK GDP figures better than expected The UK economy saw the latest update for the...

The GBPEUR exchange rate charged higher this week after traders unwound bearish bets from the English and Scottish elections. The market this morning saw German inflation numbers come in as expected after strong ZEW readings yesterday failed to ignite the euro. The market is finally waking up to the UK growth forecasts and the pound got another boost with UK GDP beating estimates. The GBP to EUR opened the week at 1.15 but has now rallied to 1.1650 after the latest data. German data leads the...

The pound rallied to its highest level against the dollar since February on Monday, after the prospects of an immediate referendum on Scottish independence dimmed, before edging even higher yesterday – reaching 1.416. The UK currency already had plenty of wind in its sails from last week’s upbeat forecasts for growth and employment from the Bank of England – and the welcome developments north of the border provided it with added impetus. Fading prospects of an independence referendum and hopes for a strong UK economic...

The GBPEUR exchange rate is 0.15% lower at midday on Tuesday after ZEW sentiment numbers came in stronger than expected. Lockdown restrictions are easing in Europe and the vaccine programme has picked up which has led to increased business and economic confidence.  The euro is trying to regain some ground after a Monday slump. GBPEUR is trading at 1.1620 after the election results and BoE saw a strong move higher for sterling. German ZEW at 20-year high The German economy was boosted by ZEW economic confidence figures...

The GBPEUR exchange rate was over 100 pips higher to register its best daily performance of the yea on Monday after the UK and Scottish elections faded out and traders stepped back in. Big wins for the Toties strengthened their grasp on power, while the SNP’s win was short of a big majority and any referendum risk is said to be further out into the future. The European and German economies will see ZEW sentiment data today. The GBP to EUR bounced to the 1.1630...

The pound to dollar rate was firing on all cylinders yesterday as it rocketed above the 1.41 benchmark for the first time since the last week of February. Fuelling the surge in value was a mixture of fading political risk and growing economic confidence. The pro-independence Scottish National Party won 64 of the 129 parliamentary seats north of the border over the weekend, just one short of an overall majority – causing the pound to breathe a sigh of relief. Despite failing to win a...

The GBPEUR exchange rate has seen one of its best days this year with a 0.78% gain in the morning session. Sterling has been boosted by the Conservative party’s election wins over the weekend that tightened the party’s control over England. The Scottish election result is also taking a back seat as traders see it being something to talk about further down the line and are focusing more on the growth outlook and reopening. GBPEUR is trading at 1.1585 with UK house prices also hitting...

The GBPEUR exchange rate was 0.50% higher in early Monday trading as the pound shrugged off the political uncertainty of last week. The SNP scored big wins in the Scottish election but the Conservatives held their own against Labour and traders are aware that the Prime Minister will not allow a Scottish referendum, while the appetite is not necessarily there for another vote. The GBP to EUR bounced to the 1.1550 level again as investors absorb the growth prospects for the UK with GDP ahead. EU...

The GBPEUR exchange rate rallied in the first three days of trading last week but the pair surrendered those gains as the Bank of England cut its QE program slightly at its Thursday interest rate meeting. Sterling sold off as traders have to adjust once more to a very cautious approach to the UK outlook. The bank upped their growth forecast to 7.2% for the UK and the pre-virus activity levels are now expected to be seen this year. GBPEUR saw its gains falter with...