Pound Sterling Forecast – What Will Move GBP Rates in June?

GBP to EUR Exchange Rate: What Effect Has the Coronavirus Had on Pound to...

With the global focus remaining on the coronavirus outbreak, it is worth noting what the UK and European central banks have done to combat the onslaught of the COVID-19 pandemic. With the disease knocking the world since its step-up from a few cases in China to every continent in the world now experiencing some form of outbreak, pressure has mounted on central banks across the globe to prepare and introduce measures which will offset the damage caused by the worldwide interruption as workers lose...
Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey Hitting Record Lows

Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey...

The pound to euro (GBP/EUR) exchange rate saw a shake-up yesterday as the German ZEW survey was released. The report showed that the German survey hit record lows as the country received tips for an incoming recession in the first half of 2020. The euro has performed well recently mainly owing to the repatriation of euros from liquidated investor stock capital. But the tide appears to be turning for the single currency as the impact of the coronavirus looks to invade the once protected...
Pound to Euro Outlook Are GBPEUR exchange rates likely to fall further?

Why is the Euro still strong against the Pound?

The Pound Euro interbank exchange rate has remained extremely volatile over the course of the trading week so far, with a movement of 1.15% from high to low so far this morning alone. With Central Banks around the world stepping in with facilities to try and prop up faltering stock markets and with many businesses around the world now in lockdown for the foreseeable future it is no great surprise that we are seeing such market movements but I guess the real question for those...
Why is the Pound to Euro Rate Falling? Will it Continue?

Why is the Pound to Euro Rate Falling? Will it Continue?

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that employment was at a...
Pound Sterling Forecast – What Will Move GBP Rates in June?

Pound to Euro Forecast: Volatility Expected for GBP/EUR as Coronavirus Ramps Up Pressure in...

The coronavirus has taken no prisoners in its global spread from its epicentre in Wuhan, China. Europe is one of the most affected areas outside of China, with Italy, Spain, Denmark and Norway amongst others going into lockdown in an attempt to contain the virus. The pound to euro exchange rate closed its worst week since October 2016 at the end of last week following a 4% loss, but it faces volatility as the severity of the spread of COVID-19 is set to increase...
Pound to Euro Exchange Rate Weekly Outlook: Will the Pound to Euro Rate Rise or Fall?

Pound to Euro Exchange Rate Weekly Outlook: Will the Pound to Euro Rate Rise...

The weakness in the Euro which has slowly developed over the last couple of weeks against sterling, shows no immediate signs of changing, based on the fact that despite Eurozone finance ministers agreeing a rescue plan, the Euro was still weaker on Friday. The market concerns that led to a weaker Euro stemmed from the worry that Eurozone nations were not doing enough to manage the economic foundations relating to the issuance of debt by countries. Whilst a significant rescue plan to address the immediate funding...
Key Week Ahead for Pound to Euro Exchange Rate as Boris Johnson Delivers Coronavirus Speech

Pound to Euro Exchange Rate Outlook: Will GBPEUR Rise Higher?

The pound to Euro rate has risen higher in the last few weeks as investor concerns over what lies ahead for the world as a result of the COVID-19 pandemic take further shape. Both the pound and the Euro have at different times reacted differently to the news, with both currencies falling and rising in value as events develop. The Euro has been in the news a fair amount as investors try to better understand what the overall plan is by Eurozone leaders to try...
Pound to Euro Exchange Rates: UK GDP Released this Morning

GBPEUR: Sterling strengthens against euro following major fall last week

Over the weekend we saw governments around the world impose stricter controls on the movement of people due to Covid-19 and the increasing number of reported cases and deaths. The UK government has introduced a number of measures to support the UK economy to contain the pandemic and deal with the economic fallout. This morning the House of Commons is looking to pass emergency legislation giving ministers greater powers to deal with the Coronavirus including powers to shut down ports and detain people suspected...
Why is the Pound to Euro Rate Falling? Will it Continue?

Pound to Euro Forecast: What Can We Expect This Week for GBPEUR Exchange Rates?

GBPEUR interbank exchange rates rose higher last week on the back of worsening economic data for Europe, although sterling was not immune from the bad news. In fact, sterling ended the week lower than where it started, with GBPEUR interbank rates beginning last week at 1.1426, rising at their highs to 1.1529, before finally dropping to 1.1387 as we finished the week. The rising and falling was also in line with some of the more global sentiments on the Coronavirus and how well the global...
Why is the Pound to Euro Rate Falling? Will it Continue?

Will the Pound Continue to Increase Against the Euro?

The Pound Euro exchange rate has been improving recently after hitting as low as just above 1.05 on the Interbank level a couple of weeks ago. GBPEUR trading rates have almost hit 1.14 with the Pound demonstrating signs of improvement against a number of different currencies recently. The sentiment surrounding Sterling appears to be improving which is good news for anyone looking to buy Euros with Pounds at the moment. The latest economic data published yesterday morning came in the form of the UK Purchasing Manager’s...