Pound Sterling Forecast – How will GBP perform in August?

Pound to Euro Exchange Rate – Will the Pound Rise or Fall Ahead?

This week proved another challenging one for the pound to euro exchange rate as it both rose and fell, reflecting many mixed signals in the currency market and the world. By nature a ‘mixed’ picture of events reflects a lack of clarity, and therefore we have seen the pound at time weaker on this uncertainty and lack of clarity. For the UK the effects of Coronavirus are clear with a marked slowdown in the economy and increased uncertainty over the future health and economic outlooks...

GBP/EUR Exchange Rate: Sterling in Freefall as the UK Announces Further Support Package

The pound has entered the mid-week vulnerable after enduring a further volatile 24 hours and based on the overwhelming mood in global financial markets, with GBP on course to test lows that many had feared only a ‘hard’ Brexit would have delivered. Meanwhile, for the euro, it took a turn for the worst on Tuesday as the latest ZEW surveys for Germany came in well below expectations. The outlook for both EUR and GBP looks to be set by the direction which each party...
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...
Pound Forecast: Will GBP Keep Climbing Next Week?

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 Under Pressure; When Will this Improve?

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 – Could the Pound Fall Lower Still?

Pound Sterling Forecast – Could Sterling Fall Lower Still?

The pound ended this week struggling with mounting concerns over the UK’s economic performance. The pound this week suffered its biggest weekly loss against the Euro since May, with the interbank rate touching lows of 1.0947. Against the US dollar and other currencies it was a similar picture with the pound losing ground against many currencies following a week of poor data and continued concerns over the economic impact of the Coronavirus, the policy response by the Bank of England and the potential for this...
Will the Pound Continue to Fall?

Pound to Euro: Sterling Continues to Slide

Since the middle of April, it’s been a struggle for pound to euro exchange rates. Mid-market exchange rates in the middle of April were 1.15 and at the time of writing this article current mid-market exchange rates are 1.1060. UK Confirm no Extension to the Brexit Process One of the reasons the pound has lost value in recent weeks, is that the UK Government has confirmed that they will not seek an extension to Brexit trade talks. The deadline for an extension to be agreed is...
Pound Forecast: Will GBP Keep Climbing Next Week?

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 Fights Back

Pound to Euro Exchange Rate Fights Back

The Pound to euro exchange rate has managed to begin its recovery against the Euro at the start of this week. Yesterday Bank of England Andy Haldane claimed that ‘roughly half of the roughly 25% fall in activity during March and April has been clawed back over the period since.’ With the government having announced further lockdown easing last Friday the UK economy is moving forwards trying to get people outside once again in an attempt to increase consumer spending. Indeed, Chancellor Risihi Sunak’s plan to...