Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...
GBP EUR: Halifax Sees Signs of Housing Slowdown

GBP EUR: Halifax Sees Signs of Housing Slowdown

The GBP EUR exchange rate will look to bounce back from last week’s losses. Halifax released new data hinting that house prices may have peaked with a 0.1% slowdown. That comes after inflation and interest rates soared, putting pressure on the mortgage market. The Bank of England’s forecasts and signals that it will persist in lifting interest rates will likely discourage market enthusiasm for sterling. Nonetheless, the landscape for the European economies and single currency is equally discouraging, offsetting and cushioning the pound to euro...
GBP EUR Advances Despite Better German Trade 

GBP EUR Advances Despite Better German Trade 

The GBP EUR exchange rate was back at the week’s highs despite a better trade balance from Germany. Europe’s largest economy saw a meagre trade surplus, but added an extra five billion euros in net trade.  The GBP to EUR traded at 1.1970; it is still shy of the 1.2000 level.  Germany gets some relief with a trade surplus Germany posted a positive month for trade after the recent trade deficit.  The country exported €134.3 billion worth of goods in June, which was 4.5% more than in May, according to...
GBP EUR Holds Gains After House Price Data 

GBP EUR Holds Gains After House Price Data 

The GBP EUR exchange rate held gains above the 1.1900 level on Tuesday after Nationwide house price data came in near expectations. The 11% annual price increase was still a gain on the month; higher interest rates have not yet punctured the uptrend. Spanish unemployment made surprise gains in European data. The GBP to EUR traded 1.1930 level. It could test 1.2000 with this support.  Nationwide, house prices are still shrugging off inflation pressures UK house prices rose again to 11% in July despite the pressures on households from...
GBP EUR Higher for Fifth-Straight Day on German Data 

GBP EUR Higher for Fifth-Straight Day on German Data 

The GBP EUR exchange rate will look to build on last week’s gains, but it may have to wait for the Bank of England meeting on Thursday. Analysts anticipate a hike of 25 and 50bps, but the bank may go for the former as inflation nears its peak expectation. There will also be fears that going too fast will hinder economic growth. German retail sales and final PMI numbers will be the day’s economic data releases.  The GBP to EUR opens the week trading at...
GBP EUR Exchange Rate: The Week Ahead July 31st

GBP EUR Exchange Rate: The Week Ahead July 31st

The GBP EUR exchange rate jumped 250 pips this week towards the previously stubborn resistance at the 1.2000 level. Fears of a recession in Germany gave traders a greenlight to bid the pound sterling. We now head into another week of economic data, with European employment, German trade, and PMI figures being the likely rate drivers. The big day will be Thursday with another Bank of England rate meeting. The GBP to EUR traded above the 1.1900 level heading into the weekend after almost touching...
GBP EUR Exchange Rate: Weekly Review August 6th  

GBP EUR Exchange Rate: Weekly Review July 30th

The GBP EUR exchange rate soared on the week as German economic data and Russian gas fears hinted at a potential recession in Europe’s largest economy. For the UK, IMF forecasts tipped the country to slow down, but narrowly escape recession. Despite government subsidies, inflation data was higher again in Germany. The Spanish and French economies saw record inflation prints on Friday. The GBP v EUR opened the week around the 1.1750 mark. However, it jumped to touch highs near the 1.2000 level. IMF cuts UK...
GBP EUR Advances Despite Better German Trade 

GBP EUR Higher for Fifth-Straight Day on German Data 

The GBP EUR exchange rate was higher for a fifth-consecutive day after German inflation data came in higher than expected. The latest number will pressure wages and add another headwind to the country.  The GBP to EUR trades at 1.1950. It looks to the 1.2000 level, where stubborn resistance was found last year.  German inflation unexpectedly higher in June numbers German inflation was unexpectedly higher, putting pressure on the European Central Bank to raise interest rates further.  Consumer prices in Europe’s largest economy jumped 8.5% from a year...
GBP EUR Higher on Weak German Consumer Confidence 

GBP EUR Higher on Weak German Consumer Confidence 

The GBP EUR exchange rate again jumped to the 1.1900 level on Wednesday after German consumer confidence hit a new record low. It was a warning sign for a recession in Europe’s largest economy. In the UK, another rail strike went ahead, disrupting commuters.  The GBP to EUR trades at 1.11905. This level will be critical to further gains.  Germany edges towards a recession with consumer weakness  Germany’s economy lurched towards recession after consumer confidence was at a record low. The former powerhouse of Europe, with its previously untouchable...