GBP EUR Improves Despite German Jobs Data

GBP EUR Improves Despite German Jobs Data

The GBP EUR exchange rate was 0.14% higher on Tuesday despite better-than-expected jobs data out of Germany. Europe’s largest economy saw its unemployment rate improve to 5.2% but traders are likely concerned about later data. Boris Johnson helped the British Pound by saying there would be no further restrictions at the moment but meets ministers today. The GBP to EUR is trading at 1.1955 with the 2020 highs of 1.2000 in reach. PM Johnson to hold another cabinet meeting over virus The Prime Minister is meeting with...
GBP EUR Higher but Euro Still in Charge

GBP EUR Starts the Year Quietly Ahead of Data

The GBP EUR exchange rate started the new year with a gain of 0.10% and traders will await German unemployment and French inflation data on Tuesday. The latest restrictions look set to create a smaller unemployment drop than last month’s -34k. The GBP to EUR will have European data this week and the UK is facing high case numbers from the variant. UK’s NHS facing ‘critical’ days with heavy case load New figures from the Johns Hopkins University showed that the UK has double the daily infection...
GBP EUR Surges as UK Economy Beats Expectations

GBP EUR Slumps on Fears of UK Lockdown

The GBP EUR exchange rate was -0.67% lower on Monday as the UK inched closer to further restrictions. The weekend saw an emergency cabinet meeting and the government’s advisers were calling for imminent restrictions. The pair will have consumer confidence from Germany ahead today. The GBP EUR started the week at 1.1756 but was trading below 1.1700 on Monday. Lockdown fears hit the pound but ‘unlikely’ before Christmas Lockdown fears grew in the UK after PM Boris Johnson called a cabinet meeting with Chris Whitty and Patrick...
GBP EUR Faces Lockdown Headwinds Again

GBP EUR Faces Lockdown Headwinds Again

The GBP EUR exchange rate was higher into the weekend after the Bank of England surprised some analysts with a 0.15% rate hike on Thursday. However, the weekend saw an emergency cabinet meeting for the British government, while the Netherlands goes into another lockdown. The GBP EUR started the week at 1.1756 after testing 1.1800 last week. Lockdown fears grow in the UK after cabinet meeting Lockdown fears grew in the UK after PM Boris Johnson called an emergency cabinet meeting at the weekend. The Cabinet call comes...
GBP EUR Pauses with Hopes for Peak in Omicron

GBP EUR Spikes After BoE Interest Rate Hike

The GBP EUR exchange rate was higher by 0.25% on Thursday but had spiked higher early in the session after the double header of the European Central Bank and Bank of England rate meetings. The Bank of England surprised markets again as they hiked interest rates by 0.25%. The GBP EUR was trading at 1.1765 but had seen a high above 1.1820. Bank of England raise rates: ‘We have to act’ The Bank of England has moved to hike interest rates to 0.25%, saying “We have to...
GBP EUR Surges as UK Economy Beats Expectations

GBP EUR Lower Ahead of BoE Interest Rates

The GBP EUR exchange rate was slightly lower on Wednesday ahead of the Bank of England interest rate meeting. The BoE will undoubtedly stand put at historically low rates but the volatility in the GBP v EUR will come from the forecasts. The European Central Bank are also meeting today. The GBP EUR was trading at 1.1750 as traders focus on the potential for further restrictions. Consumer prices soar, BoE backtracks again Consumer prices in the UK soared again to 4% with expectations for 3.7%. Ian Stewart,...
GBP EUR Consolidates Ahead of Key Economic Data

GBP EUR Unmoved with Unemployment, Furlough Talk

The GBP EUR exchange rate was flat on Tuesday after a mixed employment report. The IMF also told the UK to consider reintroducing the furlough scheme. Thursday will bring the Bank of England interest rate meeting, so the day ahead is also likely to be quiet. The GBP EUR was trading at 1.1700 after the employment figures. UK sees a record 257k rise in payrolled workers As we said yesterday, the GBP v EUR would likely struggle to get a lift from a positive employment report as...
GBP EUR Exchange Rate Trading at a Key Level

GBP EUR Edges Higher with UK Employment Figures Due

The GBP EUR exchange rate was 0.20% higher on Monday with UK employment figures due out on Tuesday. The market is expecting a positive return from the jobs market, but traders are already looking ahead to damage from the latest restrictions. Pressure has mounted on Boris Johnson to resign after the Christmas party drama. The GBP EUR was trading at 1.1745 ahead of the latest economic data. British employment figures due but restrictions loom The UK will see the latest employment figures today with analysts expecting 228k...
GBP EUR Exchange Rate Hits New High for the Year

GBP EUR Supported Ahead of UK Employment Figures

The GBP EUR exchange rate starts the week above 1.1700 with UK employment figures coming out on Tuesday. The direction of the pound sterling and euro will likely hinge on Thursday’s activities, where both the BoE and ECB will talk interest rates. In the UK, Boris Johnson is still taking heat about his party’s Christmas party exploits. The GBP EUR was trading at 1.1722 as the week began after finding support at 1.1650. Prime minister faces party revolt over ‘authoritarianism’ Prime Minister Boris Johnson is still taking...
GBP EUR Pulls Back from 1.2000 Test Before Data

GBP EUR Finds Support Ahead of GDP Release

The GBP EUR exchange rate was higher by 0.11% on Thursday as markets await the latest three-month GDP release from the UK economy. The pound sterling has hit a speed bump lately as interest rate bets were unwound and the government applied new restrictions over the virus variant. Germany will have inflation released but this is a final reading after previous estimates. The GBP EUR was trading at 1.1640 and the bounce may be temporary with support at 1.1575. UK plan b restrictions seen as ‘entirely...