GBPEUR Reverses After German Employment Data

Pound to Euro Forecast: How Has GBP Turned the Tables on EUR at the...

Towards the end of the trading week, the UK government and Bank of England (BoE) mounted a comeback against the euro. In a series of events, the Bank of England (BoE) slashed interest rates from 0.25% to 0.1%, introduced further quantitative easing methods and pledged to provide more stimulus packages for the UK economy in an attempt to offset the damage caused by the COVID-19 outbreak. The moves were welcomed by GBP traders as the euro has had the edge over GBP in recent...
GBPEUR Exchange Rate: Week in Review May 8th

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 to Euro Gains After Weaker German Retail Sales

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...
GBPEUR Loses 1.16 Level After German Data

Pound to Euro Could See Fireworks Into the Weekend

The pound to euro exchange rate lower in early Thursday trading after Brexit talks stumbled again. The pair is 0.75% lower at 1.1011 and the pair could see real volatility into the weekend due to the trade talks and a European Central Bank (ECB) interest rate announcement later today volatility into the weekend as talk of a No Deal Brexit returns. The GBP to EUR has initial targets at 1.1280 on the upside and 1.0800 on the downside. Boris Johnson’s Trip to Brussels Proves Pointless Boris Johnson’s...
Pound to Euro Starts the Week off Steady

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...
GBPEUR Reverses After German Employment Data

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 Gains After Weaker German Retail Sales

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...
GBPEUR Loses 1.16 Level After German Data

Pound to Euro Tumbles on Third UK Lockdown

The pound to euro exchange rate has seen post-Brexit pound strength fading after Prime Minister Boris Johnson pushed the country into yet another lockdown. Sterling saw little follow-through from Johnson’s EU exit deal and the country’s move into yet another government lockdown has seen the currency stumble. German unemployment figures have shown another slump in jobs for Europe’s largest economy as the virus continues to affect world economies. The numbers were balanced by a rise in retail sales for the country. The pound to euro rate...
GBPEUR Exchange Rate: The Week Ahead May 9th

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 Gains After Weaker German Retail Sales

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...