GBPEUR rate remains steady as markets await the Autumn Budget

1.41 on the markets! (Joshua Privett)

Fantastic retail sales figures released today shocked the markets, providing a stark rebound for the UK economy after a poor performance in March. Markets were sceptical when Mark Carney, Governor of the Bank of England, as well as other commentators had put the -0.5% contraction in March down as a 'seasonal phenomenon'. But those saving after Christmas, ahead of summer, and in poor weather conditions, finally came out to spend in April, and clocked a growth of 1.4% in Retail Sales, causing the Pound...
Theresa May loses meaningful vote and Sterling loses value - Two more key votes this week

GBP/EUR exchange rates next move all down to Bank of England decision

GBP/EUR exchange rates have remained fairly stable over the course of the trading week, keeping within similar levels that we have seen in recent weeks. Yesterday, European economic data failed to impress but that was still not enough to break the pairing out of this range and had very little impact on market levels. Brexit appears to be holding back the Pound from making any major positive movements against any currency at the moment, the uncertainty that it brings is casting a grey cloud over the...
Will GBP/EUR rates hit 1.20?

GBP/EUR exchange rates – What to look out for this week

We have had a fairly quiet start to the trading week for GBP/EUR exchange rates but this is no doubt a currency pairing that is liable to a sharp and unpredictable move at any time in the coming days and weeks. Political news is the most likely to be moving this pairing in the short term, with Brexit talks on-going and numerous unexpected announcements happening in the past few weeks that have caused market volatility, this is a situation where anything may hit the wires...

What will be happening with the pound to Euro forecast this month?

The pound is looking much better against the Euro following the withdrawal agreement which has improved the outlook on the Brexit. Sterling has found some support against the Euro and despite plenty of uncertainty over what lies ahead, sterling is enjoying a much higher range of rates than we have had. The range has been  1.07 to 1.14 so the current levels of 1.12 are not to be easily ignored. 2018 will undoubtedly offer us some better opportunities to buy Euros with pounds following a number...

GBP EUR Rallies On Expectation of Increased EU Divorce Offer

The pound has found some support at the end of this week after a poor performance across nearly all of the major currencies. GBP EUR has pushed back over 1.12 this morning after rumours have circulated that UK Prime Minister Theresa May will possibly look to increase her offer of a financial settlement to the EU from €20 billion to €40 billion. Theresa May is in Sweden so any commentary here is likely to have an impact on the price of sterling. If an offer...
GBPEUR Forecast - Brexit Vote Today

GBP to Euro Forecast – Brexit Secretary Dominic Raab Resigns

The pound has come off its recent high against the Euro despite a draft withdrawal agreement being reached between the UK and EU. As of this morning the Brexit Secretary Dominic Rabb has resigned from his role stating he is unable to support the terms proposed for the deal with the EU. The pound has fallen sharply lower as a result with rates for GBP EUR down at 1.1370 and continuing to fall. Rates for pound vs Euro have already fallen by 1% on...
Pound to Euro Forecast: Will GBP/EUR rates continue to rise?

Volatile period ahead for Pound vs Euro with Brexit just three months away

The Pound is close to its lowest level all year as we are now just three months away from the deadline when the UK is due to officially leave the European Union. The latest key date will come in the next fortnight when MPs will meet once again to vote on the current Brexit deal. Earlier this month the vote was postponed after it emerged that Theresa May clearly didn't have enough support to get the Brexit deal through and since then she has tried to...
A recap of Mark Carney on the Global Economy: a special event hosted by the Financial Times

A recap of Mark Carney on the Global Economy: a special event hosted by...

Sterling has weathered the afternoon after a key speech by Mark Carney on the global economy. Whilst noting the increasingly risky global conditions as a result of increased global challenges, epitomised by the Brexit and the Trade Wars, Mark Carney was confident in the Bank of England’s preparations. The pound could be in for a very rough ride ahead and Carney highlighted that on the subject of Brexit, ‘this could all go quite badly’. Sterling was marginally weaker going into the talk, testing session lows against...
GBPEUR Forecast - Brexit Vote Today

GBPEUR Forecast – Brexit Vote Today

The pound to euro exchange rate has fallen noticeably lower ahead of a vote on the withdrawal agreement to be held in Parliament today. This will not be the third meaningful vote (MV3) but it will be a vote on the withdrawal agreement element and not the political declaration. The Government has chosen to split the package after Speaker John Bercow made clear that the Government could not bring back the same proposition to Parliament for a third time. The problem for the Prime Minister...
Are we heading towards a UK General Election and / or Second Referendum?

Are we heading towards a UK General Election and / or Second Referendum?

The Pound has seen its value dip against the Euro this morning, losing almost half a cent during early morning’s trading. Why is the Pound weakening? The Pound is now floating just above 1.15, having failed to make any significant inroads against the Euro since last week’s gains were eliminated. The Pound had seen its value improve off the back of an apparent breakthrough in cross-party Brexit talks at the beginning of last week, but subsequent reports have indicated this not to be the case, with the...