GBPEUR

Over the course of last week the UK managed to complete its first trade deal after the Brexit vote as it managed to secure a deal with Japan. This has given the UK hope that it can get more trade deals done once fully outside of the European Union. The deal should provide as much as £15billion more shared between the two nations. However, it is important to be bear in mind that the deal only accounts for 0.07% of the UK’s Gross Domestic...

Pound to euro ended the week just below 1.10 as Brexit talks resumed but the UK and EU stated there is still some distance between the two sides positions. On Wednesday, EU Chief Brexit Negotiator Michel Barnier confirmed to the European Parliament that the EU was willing to compromise but the UK would need to compromise too. The EU’s move was enough for UK Prime Minister Boris Johnson to confirm that trade talks could restart and no time was wasted as by Thursday negotiations were...

The pound has continued its recent topsy turvy nature beginning this week on a slightly worse footing, as last week’s EU summit failed to produce the news many had anticipated and we edged closer to a no-deal in the market’s eyes. Yesterday however there were fresh signs of optimism of a deal, which saw the pound to euro rate make gains of 1%. and the pound to US dollar 1.5% as the UK and the EU agreed to restart trade talks. The interbank rate on pound...

We have seen a fairly flat few weeks for Sterling exchange rates as the ongoing saga of Brexit negotiations with the EU continues to rumble along, currently with no agreement appearing to be forthcoming. Currently the U.K Prime Minister Boris Johnson has appeared to turn the screw on EU Chief Negotiator Michel Barnier effectively saying he will only reopen talks with the EU if there is a “fundamental change of approach”. You may have thought that this would have hit the pound fairly badly as it...

Yesterday it appeared that Sterling exchange rates were shrugging off the recent downbeat updates regarding Brexit negotiations. The pound traded up against most major currency pairs throughout the day as hopes remain that a Brexit breakthrough will be found in terms of a trade deal agreement between the UK and EU negotiators. So far the UK has struck deals with a number of nations but the focus at the moment within the financial media is on the trade talks between the UK and EU, as...

The pound to euro rose above 1.1100 at one point during yesterday’s trading as the UK government confirmed it would not walk away from trade negotiations mid-October as it had previously threatened to do. Pound to euro traded as low as 1.0962 at its lowest point and closed at 1.1080 in which proved to be another volatile intra-trading day. The announcement from the UK confirms the government believes a deal with the EU can be reached and that progress has been made although few ever...

Pound to euro exchange rates have been on somewhat of a rollercoaster ride over the trading week so far, with investors and speculators trying to second guess what may happen next in the Brexit soap opera we currently appear to be witnessing. The focus really does seem to be on whether or not the U.K will allow the talks to go beyond Boris Johnson’s original deadline of 15th October (tomorrow) or if they will start the ball rolling with no deal Brexit planning. For regular readers...

The pound to euro exchange rate is expected to see high volatility this week as Brexit negotiations continue ahead of the important EU summit which starts on Thursday. Rates for GBPEUR currently hover around 10.10. Informal talks held last week saw no announcement of progress but there were some reports that compromises may be made. The EU’s chief negotiator Michel Barnier has urged EU fishing states to give some ground and show flexibility or risk a no deal Brexit. The issues of fisheries and crucially...

Much of the economic headlines at the moment are focused on two key topics for the pound to euro exchange rate, Brexit and the potential for another COVID-19 related lockdown. Both topics have the potential to influence GBP exchange rates and have done in the past, and this week we are likely to see both in the headlines throughout the week. UK Prime Minister Boris Johnson will be speaking later today in the House of Commons around 15:30 BST, and he’s expected to announce further...

The pound to euro exchange rate climbed back above 1.10 on Friday as investors increased expectation of the UK and EU reaching a trade deal. Pound to US dollar also rose above 1.30. However, despite increased optimism around a deal being struck, there is still a long way to go as the UK and EU still try to resolve two key issues. The first issue is that of the EU’s request for the UK to agree to a “level playing field”. This was always...