Pound to Euro Forecast: Will the Coronavirus Further Influence GBP/EUR Rates Ahead?

Brexit: Pound to Euro Exchange Rate Falls as UK Threatens EU With No Deal...

The pound to euro exchange rate fell on Thursday as the UK government threatened the EU with a no deal Brexit if a suitable deal cannot be agreed between the two by June. June is set to mark the EU’s last chance for the UK to extend the transitionary period after the December 31 Brexit deadline. But with the UK government stubborn in setting out their negotiation mandate, the tensions have increased between the UK and the EU, something that has investors worried as...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

GBP to EUR Rate: Pound Falls to 3-Month Low vs the Euro After Coronavirus...

Pound Euro exchange rate hits 3-month low Sterling tumbled vs the euro at the end of Friday afternoon hitting its lowest level vs the single currency since early November. Having been trading at 1.20 on a couple of occasions since the start of the year some were getting excited thinking we could see further gains but once again the threat of Brexit has caused the pound to fall against a number of currencies. On Friday, it had appeared as though relations between the UK and...
Pound to euro forecast: Will the pound continue to fall agianst the euro

Pound to Euro Exchange Rate: Euro Set to Retreat on Sterling as UK Plans...

The euro looks like it could be in trouble versus the pound Sterling up ahead. GBP headed for its best day against the euro in two weeks and inched up from four-and-a-half-month lows against the dollar on Wednesday, as incoming Bank of England Governor Andrew Bailey said action could be needed to offset the effects of the coronavirus crisis. Meanwhile, the euro has suffered hits to its economy following recent poor economic data results from the Markit services and composite PMIs as well as...
Pound to Euro Forecast: How Has GBP Turned the Tables on EUR at the End of the Week?

Coronavirus and GBP/EUR Outlook Special: What Can We Expect for Pound to Euro Exchange...

The pound to euro exchange rate saw an unusual week of volatility last week at the hands of the coronavirus, losing around 3% of its value on the interbank between the high and the low. GBP/EUR interbank rates at the beginning of last week were as high as 1.1983, before tumbling down to 1.1625 by the end of the week as the fears spreading through financial markets infected GBP/EUR exchange rates. What Affected Pound to Euro Rates This Week? The reason for this sharp movement was...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

GBP to EUR Rate: Pound Sterling Gives Ground to Euro as Brexit and Coronavirus...

The pound has been hit by multiple risks and ceded ground to the euro and the dollar on Friday as analysts warned that a further decline could be ahead in the short-term for GBP. UK Prime Minister Boris Johnson has revived the threat of a ‘no deal’ Brexit and risks seeing the pound heavily pressured in the months ahead, while the pound is also threatened by the spread of coronavirus outside China, which has worried markets this week. As the rate of infection speeds...
Pound to Euro Forecast: How Has GBP Turned the Tables on EUR at the End of the Week?

Pound to Euro Forecast: How Has GBP Turned the Tables on EUR at the...

Towards the end of the trading week, the UK government and Bank of England (BoE) mounted a comeback against the euro. In a series of events, the Bank of England (BoE) slashed interest rates from 0.25% to 0.1%, introduced further quantitative easing methods and pledged to provide more stimulus packages for the UK economy in an attempt to offset the damage caused by the COVID-19 outbreak. The moves were welcomed by GBP traders as the euro has had the edge over GBP in recent...

Pound to Euro Exchange Rate: GBP Holds Advance on Euro as Barnier Confirms Positive...

The pound Sterling found itself as one of the better performing major currencies on Thursday, amidst an ongoing recovery in global stock markets, signs that the Bank of England won't rush into an interest rate cut and constructive comments from the EU following the first round of EU-UK trade negotiations. The market had heightened fears of a no-deal Brexit following recent comments from both the UK and EU who struggled to come to agreeable terms over the post-Brexit period. The UK wanted the opposite...
Sterling begins the week on a high

Pound to Euro Exchange Rate: Euro Looks to Edge Over GBP as Coronavirus Ups...

Heading into the second trading day of the week, the euro is looking to be an investor favourite ahead of most other rival currencies. With the pound sterling tipped to be one of the major losers on the coronavirus downward spiral, now looks to be a significant time for EUR to edge over the British currency. Meanwhile, the UK-EU Brexit negotiations kicked-off yesterday after weeks of preparations. Investors will pay close attention to the talks as they are likely to form the immediate domestic...
GBP/EUR Exchange Rate: ‘No Deal’ Brexit Threat Set to Tumble Pound Sterling

GBP/EUR Exchange Rate Outlook: ‘No Deal’ Brexit Threat Set to Tumble Pound Sterling

As the trading week came to a close on Friday, GBP investors were not filled with confidence heading into the opening week of Brexit negotiations next week. The euro has fared better than most expected this week especially considering the recent coronavirus outbreaks in Italy and other parts of Europe. The UK government announced a threat that it would consider leaving the EU without a deal if the two cannot come to terms on a trade deal by June 2020. The EU and UK have...
Pound to Euro Forecast: Will the Coronavirus Further Influence GBP/EUR Rates Ahead?

GBP/EUR Outlook: Rally Sends Pound Higher but Markets Expect Downfall

The pound Sterling edged over the euro over the past 24 hours, but the gains seen failed to convince the market that a genuine turnaround was underway for the heavily sold-off UK currency. The GBP/EUR exchange rate fell from 1.20 in mid-February to around the 1.14 level in early March and now sits at around 1.1492 – which is a 20% gain on Tuesday nights closing figure. Meanwhile, in the midst of GBP’s sell-off, the euro has benefitted from a rise in support from...