Will Pound to Euro Fall further?
Pound to euro ended the week nearly 1 percent lower and pound to dollar more than 1.5 percent lower as the Bank of England increased its quantitative easing programme by £100 billion on Thursday. Pound to euro is now trading at 1.1040 and pound to dollar at 1.2350.
The £100 billion increase in asset buying was in line with market expectations but investors had hoped for more and this was reflected in the pound’s downturn on Thursday and Friday. However, many suspect there will be...
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...
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...
Will the pound weaken again in October?
The pound suffered some particularly volatile movements last week, with GBPEUR rising and falling 7 cents, and GBPUSD 9 cents. This relates to around 6% worth of movement on GBPEUR and 8% on GBPUSD.
Such movements just highlight how volatile currency can be, and indicates why any clients looking to buy or sell the pound should be very conscious of the current market, and some of the particular attributes and behaviour of a currency, that can influence such sharp rises and falls.
This week the Conservative...
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 the pound keep rising against the Euro and when is the best time...
The pound to Euro exchange rate has bounced back from the recent lows rising above 1.16 and making a brave challenge for 1.17 in the last 24 hours. Some fresh confidence that finally, the British government is going to do something about the awful cost of living crisis facing the UK has seen investors take advantage of the recent lows of sterling and buy in some speculative positioning.
It might be argued that all this has done is stem the tide of a majorly depreciating...
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 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 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 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...
