pound to euro: Will the U.K head into another lockdown?

Pound to Euro: Further Lockdown Measures and Brexit Negotiations

Will the U.K head into another lockdown? This morning at 11am professor Chris Witty is due to address the nation in what is expected to be a stark warning about the months ahead, and to summarise the position that we are currently in with the covid-19 pandemic. Expectations are that later this week Prime Minister Boris Johnson is also due to follow up with new restrictions and plans for taking on the pandemic and attempting to stem the growing number of cases throughout the U.K at...
Brexit Negotiations Remain Key to Pound to Euro Rate

Brexit Negotiations Remain Key to Pound to Euro Rate

Pound to euro held on to a weekly gain of 1% despite coming under heavy selling pressure Friday afternoon. The pound to euro exchange rate closed the week at 1.0915 having reached 1.1008 the day before and dipped to 1.0775 exactly 1 week prior. The pound is being heavily influenced by on-going Brexit talks and the currency pair is highly sensitive to media headlines and information leaked from sources close to the negotiations. Brexit talks have been gridlocked for sometime as the UK and EU...
Pound to Euro: BoE Consider Negative Interest Rates

Pound to Euro: BoE Consider Negative Interest Rates

There is no shortage of events to move the pound to euro exchange rate at present and the last 24 hours has seen some key events. Most notably the Bank of England has indicated it is ‘exploring’ further the possibility of negative interest rates with the FT considering much of 2021 will see UK interest rates at -0.1%. There was also the potential for more Quantitative Easing (QE) predicted for November, and with the R rate of infection rising in the UK to 1.7 according...
GBPEUR Forecast – Internal Market Bill Drives GBP Lower

GBPEUR Forecast – Internal Market Bill Drives GBP Lower

The GBPEUR exchange rate remains on a weaker footing as Brexit uncertainty dominates the news headlines. The response to the internal market bill which was first heard about last week has been the sole cause of the sharp decline in the price of sterling with the EU considering taking legal action against the UK. The pound saw its worst performance since March last week against both the Euro and the dollar as the prospect of Britain leaving the EU without a deal increased. The...
GBPEUR: Sterling Remains Vulnerable

GBPEUR: Sterling Remains Vulnerable

Sterling is currently in a very vulnerable position. There has been in a rise in COVID cases around the country and Boris Johnson has already made the move to stop public gatherings above six people. If we continue to see cases rises we could see further lockdown measures which will have an impact on the economy. The key issue however remains to be Brexit. There has been very little process in recent talks with Barnier at one point stating he was not prepared to negotiate...
pound to euro: Will the U.K head into another lockdown?

GBPEUR: Will the Pound Bounce Back This Week?

Sterling exchange rates took a huge knock over the course of trading last week, losing significant ground against most major currencies with a large decline over the course of the trading week. The GBPEUR lost over 4 cents and GBPUSD over 5 cents during the trading week, touching 1.07 and 1.27 as an interbank rate of exchange against the two currencies respectively. Much of the losses were put down to Brexit concerns, and Sterling made huge losses as the week continued due to an increased...
GBPEUR: Sterling Exchange Rates Sell-off Due to Brexit Concerns

GBPEUR: Sterling Exchange Rates Sell-off Due to Brexit Concerns

Thursday was a torrid day for Sterling exchange rates as the currency was sold off in dramatic fashion, especially in the afternoon owing to some Brexit related updates. Cable, the name for the pound to US dollar pairing fell as low as 1.2780 which is the lowest level the pair have traded at since July. Interestingly this change in fortune for the pound comes less than week after the pair hit a 9-month high when GBPUSD traded over 1.33 so this demonstrates the how...
GBPEUR: Pound Slumps Against Majors as ‘No deal Brexit’ Chances Rise

GBPEUR: Pound Slumps Against Majors as ‘No deal Brexit’ Chances Rise

Over the course of the trading week, the pound has lost ground against all major currencies, with GBPEUR dropping below 1.10, 1.30 on GBPUSD and below 1.80 for GBPAUD as an interbank exchange rate. It does appear that the main reason behind this sterling weakness is the comments made by Prime Minister Boris Johnson on the weekend which were effectively drawing a line in the sand for when he expects an agreement on a trade deal between the U.K and the EU. The magic date this...
Pound to Euro Slides on Brexit Uncertainty

Pound to Euro Slides on Brexit Uncertainty

Pound to euro continued its decline falling 1 percent during yesterday’s trading to 1.1027. The currency pair has now lost more than 2 percent since last week’s 10-week high of 1.1279. Pound to US dollar saw an even steeper decline losing close to 1.5 percent and is now nearly 3 percent lower than the recent 9-month high of 1.3471. The pound’s sell-off continued as market fears over a no-deal Brexit increase and global stock markets fell. Stock markets were beginning to look very inflated so...
GBPEUR: Chances of No-Deal Force GBP to Surrender Gains

GBPEUR: Chances of No-Deal Force GBP to Surrender Gains

Having enjoyed considerable gains across the board against it’s major currency parts on the back of softening support for the US dollar throughout last week’s trading, the pound has seen it’s position reverse as another twist in the Brexit saga hit the headlines during yesterday’s trading. The markets were arguably already bracing themselves ahead of fresh talks between the UK and the EU being held in London this week. This was reflected in the pricing of the pound on the international stage, with sterling...