Pound to Euro Under Brexit Spotlight

Pound to Euro rate hits a 1-month high as Euro weakens due to Italian...

The Euro fell another half a percent against the Pound yesterday, after news broke over the weekend that the expected Italian coalition government is no longer looking likely to form. There were expectations that the five star movement and League would form the coalition over the weekend, but the Italian President Sergio Mattarella cancelled talks after the coalition put forward Eurosceptic, Paolo Savona for finance minister. The markets were already weary of the unfolding's in Italy due to the populist and Eurosceptic leanings, along with...

Sterling Takes a Hit Against the Euro! When should I buy? (Daniel Johnson)

The surprise weakening of the Chinese Yuan yesterday sent shock waves through the markets. This coupled with below par UK Unemployment data has taken its toll on Sterling now sitting in the 1.39s. The drop in Chinese Yuan value by almost 2% does not bode well for Global Economic confidence and could push a UK rate hike back further than expected. I have been saying for some time that Sterling is overvalued and I think there could be a further drop over the coming...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

Can GBPEUR sustain these gains or are we set for losses again?

This week the rates could well spike higher with a number of data releases which may move the market. Notably the Interest decision on Thursday is a real possible market but I would view current GBPEUR levels well worthy of looking at very seriously. The outlook on the currency pairing remains very positive but I do feel the pound is at such an attractive level against the Euro it is worthy of note and possibly capitalisation on by anyone who needs to do something soon....
Pound to Euro Ends Week Higher

Will the Pound Break through 1.20? (Tom Holian)

Will the Pound break through 1.20 is a question i'm being asked a lot recently and personally I think yes it will but we'll need to see both positive news from the UK combined with negative news from within the Eurozone. The Interbank level has broken through this level a number of times already this month but when it has broken above this level it hasn't lasted very long. By utilising a Limit Order to secure currency at a pre-determined exchange rate it's worth speaking...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Will Sterling’s Recovery Continue? (Matthew Vassallo)

Sterling found some much needed market support during Thursday’s trading, with GBP/EUR moving back above 1.16 at the high. Despite the pair falling just below this threshold by close of European trading, investors were buoyed by better than expected UK Retail Sales figures released yesterday morning. These followed some positive inflation data on Wednesday, which has helped GBP to gain some traction against its EUR counterpart. Despite Sterling gaining a foothold I do not expect an overly aggressive spike under current market conditions. The EUR...

Reasons why the Pound could hit 1.15 next week

After the news broke that the Bank of England would be keeping interest rates on hold yet again with a 7-2 split in favour of keeping rates the same the Pound fell after hitting the best level to buy Euros since May 2017. Since then the Pound has made a small improvement against the single currency as it appears as though the UK is making progress with the Customs Union with a plan being mooted about keeping it in place for the next 3 years...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Sterling trying to hit 1.40 (Tom Holian)

Sterling Euro exchange rates have for the second day in a row tried to break through 1.40 but not quite got there...yet. My suspicion is that we'll see it hit that level before the weekend as the Greek issue continues to dominate the headlines. With UK average earnings at their highest levels in years as well as UK unemployment the lowest since 2008 things are looking rather positive for the British economy and the reason why Sterling is trading at these levels. With little economic data coming out...

Sterling suffers losses against the Euro (Tom Holian)

Sterling has ended the week dropping against the single currency after Britain posted worse than expected economic data. UK Manufacturing & Industrial data both showed a fall in March and this caused Sterling exchange rates to fall from near to a 1 month high earlier this week vs the single currency to the 1.1.6 level during yesterday's trading session. Following the trigger of Article 50 over a week ago the focus has now returned towards what is happening with economic data both in the UK and the...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Sterling Exchange Rates Supported on Steady UK Outlook (James Lovick)

The pound continues to be supported against most of the major currencies with no major falls deposit the ongoing uncertainty that surrounds Brexit. The markets appear to be taking the political developments in the House of Commons as welcome news that the process to commence Brexit will now be going ahead. The House of Commons voted overwhelming in favour of proceeding with the bill to invoke Article 50 without any amendments. It would appear that the risks of Brexit are nowhere near as much...
GBP to EUR forecast When will Brexit happen?

Pound to euro exchange rate forecast: Will GBP/EUR rates fall on Brexit?

I am now quite concerned that the pound could lose value against the euro owing to some new potentially negative news which is on the horizon. Next week is the UK's local elections on May 2nd, the same day as the Bank of England will release its latest forecast on inflation and interest rate decision. My personal view is that the pound could come under some pressure from these events and lose value against the euro. I think the key point regarding sterling is that...