Sterling Hovers Around the 1.20 Mark

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 Could next month's Brexit deadlines result in some volatility for GBPEUR rates?

Pound to Euro outlook: Political events affecting the GBP/EUR exchange rates

Pound to euro exchange rates look like they will continue to be facing scrutiny over Brexit, as well other key events for Europe. The pound has proved on numerous occasions its sensitivity to Brexit news, at any moment a headline can trigger market activity, just like we have seen in recent weeks. Pound to Euro exchange rate: Boris determined to bring UK out of the EU by October deadline We cannot say exactly what will happen but, by looking at previous behaviour, it seems that increased...
EU summit to influence the Sterling to Euro rates this weekend

Pound to Euro exchange rate: Sterling trading around 1.156 on the interbank ahead of...

Pound to euro exchange rate hits 22-week high on hopes of Brexit deal The pound to euro exchange rate has touched 1.1585 in the last day, its highest in over 22 weeks. In part, the GBP has strengthened versus the EUR, because it looks increasingly possible that a Brexit deal may be reached as soon as today. However, sterling’s value versus the euro could be affected, because it’s thought that Northern Ireland’s Democratic Unionist Party (DUP) may object to the draft Brexit proposals, while there are...
How will the UK election shape GBP/EUR?

Pound to Euro exchange rate: Pound to Euro hits 6 month high

The Pound vs the Euro exchange rates hit its best level to buy Euros since early May creating a 6 month high for the GBP/EUR currency pair. This good news appeared to have come from the political situation concerning the Brexit party. Farage in boost to Tories It appears as though Nigel Farage and his party will not attempt go for any seats which the Tories won back in 2017. This is an attempt to allow the Tories to try and win by a majority. Farage has...
Will the Pound Lose Further Value Against the Euro?

GBP to EUR Forecast: Boris to Prohibit Brexit Extension

The sterling vs euro interbank exchange rate stands at 1.1715 today. This is close to its lowest in over two weeks, or since December 3rd. The pound stands near this fortnight low versus the common currency, first because UK Prime Minister (PM) Boris Johnson will today introduce his legislation, to “legally prohibit” the UK’s future EU trade deal talks going beyond the end of 2020. The PM will add this clause, as part of the Withdrawal Agreement Bill (WAB), Parliament’s legal name for the Brexit agreement...
What Happened This Week?

Pound to Euro Exchange Rate Outlook: Bank of England Could Hold off on Rate...

The pound to euro exchange rate continues its volatility this week, trading between the high to low range between 1.1734 and 1.1632. With the expectations for a Bank of England (BoE) interest rate cut now at 64%, the pound sterling looks softer as a result. The EUR/GBP rate has seen a lift on the upside as the pound faulters. However, some economist are standing firm that the fears of a BoE cut may be overdone and that should the BoE hold off on making a...
GBP to USD Forecast: Pound Edges Slightly Higher After Dipping to 10-Week Low

Bank of England Holds Interest Rates

The BoE’s decision to keep UK interest rates steady at 0.75% has strengthened the pound, because higher UK interest rates make investing in GBP-denominated assets more profitable for the world’s money managers. As a result, more global investors want to buy sterling to place money in these British assets, lifting demand for the pound, and its value. By comparison, when the UK’s central bank eases monetary policy, it’s less favourable to invest in GBP-denominated assets, often weighing on sterling. That however was not the...
Euro Nears 34-Week Low Following Poor Data as GBP Eyes Up Long-Term Outlook

Euro Nears 34-Week Low Following Poor Data as GBP Eyes Up Long-Term Outlook

The euro has suffered losses throughout February, losing around 2.39 percent so far in the first two weeks of the month. Friday saw the single-currency end the week with a drop of 0.10%, hovering near a 34-week low. The euro’s poor performance follows an ugly week on the economic front last week. The Eurozone’s economic data also partnered with the global effects of the coronavirus epidemic which has caused a worldwide slowdown. Meanwhile, the pound pondered upon its long-term outlook. Following last week’s cabinet...

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...
Sterling Hovers Around the 1.20 Mark

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...