GBPEUR

Since the start of the year pound to euro exchange rates have fluctuated 8 cents. To put this into monetary value a £200,000 purchase of euros would have generated clients an additional €16,000 if traded at the high compared to the low. Many of my clients that are purchasing property abroad want to know if the pound will rise or fall against the euro in the upcoming months? This question is impossible to answer, however I expect economic data to start to have more...

It has now been confirmed that the Brexit deadline will be extended until 31st October 2019. If a deal can be agreed before this time the UK is free to exit the European Union and we can move on to the next stage of talks. Theresa May was looking for a shorter extension and has said she will aim to get the UK out of the EU as early as possible. Donald Tusk, European Council President warned his “British friends” saying, “please do not waste this...

The pound to euro exchange rate has fallen marginally lower after last night’s Brexit developments over in Brussels. The UK has been granted a further Brexit extension until 31st October to withdraw from the European Union. The markets will now adjust to this news as they now try to predict the most likely outcome of Brexit. The extension does have flexibility and can be terminated at any time should the withdrawal agreement be voted through in the House of Commons which does leave options...

Today has the potential to be a busy day for exchange rates as there are a number of key events taking place that could result in market movement. The GBP to EUR exchange rate has been relatively range bound for the past few months after hopes of a No-deal Brexit being ruled out pushed the pound higher and so far sterling has managed to hold onto much of its gains. Today could cause movement for GBP/EUR in either direction depending on the outcome of today's...

Today UK Prime Minister Theresa May is set to visit German Chancellor Angela Merkel in Berlin and President Macron in Paris. The Prime Minister has made it clear she wants another Brexit extension to June 30th however it doesn't appear that she has a plan to take to the EU summit tomorrow and she is running out of time. Furthermore the leader of the opposition Jeremy Corbyn made it clear yesterday that the Prime Minister is not prepared to cut her red lines in...

Another week has gone by without pound euro exchange rates having broken out of the 1.15 - 1.175 range for any significant period of time now since February. This represents a long period of the pairing being in a fairly tight range, and you would expect we should be getting closer now to seeing a breakout. Which way the pairing breaks is dependant on Brexit news and I feel that this week could be the one where we finally see something substantial happen, although I have...

The pound to euro exchange rate has slipped marginally lower as Brexit developments dictate the direction of travel for the GBP EUR currency pair. It has been reported that European Council President Donald Tusk is prepared to offer a longer extension with the prospect of finishing early if an agreement is reached. The flexible extension or 'flextension' would extend Article 50 by 12 months and would allow for a longer period to prevent regular extensions which are currently proving disruptive. The plan would call for...

The pound has begun the day relatively strongly and at the time of writing the currency is up against all major currency pairs. GBP/EUR remains range bound although it is trading towards the top end of this trend with the pair almost trading at high as 1.1750 at the highest stage so far this morning. It's likely that the stronger pound can be attributed to the very close decision in Parliament last night, the Cooper Bill. The Bill was passed by just one vote late...

Overnight the pound to euro rate increased by half a cent, off the back of the news that UK Prime Minister Theresa May offered an extended arm to Jeremy Corbyn to get involved with the future direction of the Brexit negotiations. To put this into monetary value the improvement could generate a client an additional €1,000 on a £200,0000 transfer. Is the UK heading for Customs Union access? In recent weeks Labour leader Jeremy Corbyn has made it clear that the Labour party want some form...

The pound euro exchange rate has been fairly range bound over the past few weeks, as the markets await the next developments regarding Brexit and the UK. Currently Theresa May and Parliament appear to be stuck in stalemate and to say progress has been limited in an understatement. Today there will be a five hour long cabinet meeting where the next steps will be discussed once again and any progress from this meeting is likely to impact the value of the pound. Last night MPs voted...