GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR Ends the Day on a Low (Ben Fletcher)

Having started the day just breaking into the 1.09’s the GBP/EUR has spent most of the afternoon slowly declining down to the low 1.08’s. There had been optimism at the end of last week that we may have moved back to the 1.10 level this week however that now looks a stretch too far. Tomorrow the day starts with a whole raft of Purchasing Manager Indexes for the EU and individual nations. This data provides an indication into the business confidence and like previous months...

Pound to Euro rate hits a 7-week high before BoE meeting (Joseph Wright)

Sterling has been strengthening throughout the week after news of the Brexit transitional deal being agreed has been met well by the markets. It will be interesting to see whether the GBP/EUR pair can break above 1.15, because at the moment they are trading comfortably in the 1.14's and these are around the highest levels for the pair going back as far as June. The 1.15 mark appears to be a ceiling for the pair so far, but there are a number of potential market...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR Rates Fall Following Brexit Report (Matthew Vassallo)

GBP/EUR rates dropped sharply yesterday afternoon, with the Pound falling back below 1.13. Once again it seems as though last week’s positive spike was yet another false dawn, with investors risk appetite for the Pound seemingly evaporating. The Pound came under pressure following a report that the first EU Brexit draft released UK government, has not been received well by the EU or their chief negotiator Michel Barnier. The Irish border issue remains one of the key sticking points and the reality is that until this is...
Brexit news and Bank of England meeting to set the tone for the Pound to Euro rates

Bank of England keep rates on hold which causes the Pound to fall against...

The Bank of England confirmed yesterday that they would be keeping interest rates on hold and the vote was split 7-2 in favour of keeping interest rates the same. The Interbank level fell from 1.1450 to 1.1380 minutes after the announcement as some now feel that an interest rate hike may be a long time away from coming. UK GDP data which came out a fortnight ago showed growth was at just 0.1% for the first quarter and this was one of the principle reasons for...

GBPEUR plummets due to Mark Carney

Late last night Governor of the Bank of England Mark Carney told the BBC that an interest rate hike would occur this year but failed to announce that it would happen at the May meeting. He did state Brexit negotiations and the performance of the UK economy will dictate when the hike occurs. This was seen as extremely dovish by investors and the pound was sold off. The Governor also spoke about inflation and said as always inflation needs to be monitored closely. With inflation...
New Trade Tariffs $200 Billion Announced - Dollar Supported

Will GBPEUR rise or fall in June?

The pound has been rising against the Euro for various reasons but just lately we have seen it slide as we see a quick turnaround in events. The key issue has been the volatility of the Eurozone, this has all centred around the Italian uncertainty as markets try to digest what exactly will happen next. One moment we have been bracing ourselves for the worst, the next the markets settle as investors feel everything will be okay. The month of June opens up a whole host...
Trade wars and Brexit to dictate pound to US dollar exchange rates

GBP Forecast – Another Tough Day for the Pound

It’s been another testing day for the Pound, which has seen its value decrease against the majority of major currencies. GBP/EUR rates have remained fairly flat throughout the day, with the pair range bound between 1.13750 – 1.1423. This is likely due to the recent pressure, which has been building on the Euro. The Eurozone economy has flattened of late, with political instability and concerns over trade wars cooling investor confidence in the single currency. This in turn has helped support Sterling around the current levels...
UK Prime Minister Theresa May is running out of time

Poor UK economic data and Brexit uncertainty causes the Pound to fall against the...

The latest news from Brexit has continued to dominate what is happening to the Pound vs the Euro at the moment. Sterling Euro exchange rates are now close to their lowest levels to buy Euros since November 2017 and I think we could see further losses ahead for the Pound against a number of different currencies. UK economic data published earlier this week in the form of inflation and retail sales both fell below expectation and this has led to a fall in confidence in the...
GBPEUR rate remains steady as markets await the Autumn Budget

What next for pound to Euro exchange rates?

The big news on the pound to Euro rates now is when will Theresa May trigger Article 50. With the Bill to trigger Article 50 passed into law the next milepost on the journey is the long awaited use of it. I personally expect that the rate will rise above 1.15 possibly towards 1.17 once the Article 50 is enacted but we could quite easily rates slip back towards 1.10. This is the kind of information that will prove useful to clients monitoring the...
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...