Pound Sterling Forecast: Sterling’s Rise Against the US Dollar and Euro Continues

Pound Sterling Forecast: Sterling’s Rise Against the US Dollar and Euro Continues

The pound has arguably its most important relationship against the US dollar, since the US dollar is the most heavily traded currency in the world. Therefore, any big movements on the US dollar are a key factor in driving sterling movements. The weakness from the US dollar stems from the latest decision by the US Federal Reserve bank in the United States that they wish to look at adjusting their inflation targets. By allowing inflation rise higher than the usual 2% band within which the...
Pound to Euro Consolidates at 10-week High

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...
Pound to Euro Exchange Rate: Brexit, UK Data and EURUSD

GBP to EUR Outlook: Sterling Rallies Over 1.12 Against the Euro, What Could Happen...

The pound to euro exchange rate has boosted higher breaking over 1.12 for GBP vs EUR in afternoon trading on Friday. The pound initially fell lower against the euro after it was announced that UK Prime Minister Boris Johnson has the coronavirus along with health secretary matt Hancock before making a strong recovery making good ground. Those looking to buy euros have been presented with better levels amidst the corona pandemic. Professor Chris Witty, the chief medical officer for England has too shown symptoms...

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 Exchange Rate: Brexit, UK Data and EURUSD

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...
Sterling Exchange Rates Receive a Boost to Round off the Trading Month

Pound Sterling Forecast – Will the Pound Rise Further?

The pound has truly had a mixed week rising and falling throughout the week against various currencies, as optimism rises and falls on the many different factors influencing exchange rates. Friday afternoon has seen fresh highs against the US dollar reached with the interbank rate reaching 1.2731, whilst GBPEUR levels reached 1.1252, not quite the 1.1272 highs reached Tuesday, but still much higher than the lows of 1.1085 reached on the 29th March and which were tested as last week began. Why has the pound...
Will Pound to Euro Rates Gain in September?

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...
GBPEUR: Pound Slumps Against Majors as ‘No deal Brexit’ Chances Rise

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...