Pound to Euro Starts the Week off Steady

Pound to Euro Starts the Week off Steady

The pound to euro exchange rate has started the week steadily against the euro with very little movement away from the 1.11 interbank rate of exchange, similar to where we saw the pairing spend most of last week. The pound has also lost value against the dollar yet gained against the perceived riskier currencies, such as the Australian dollar, New Zealand dollar and South African rand, with exchange rates against the rand going up by almost 2% at the time of writing this post. When movements...
GBP to EUR Awaits Inflation After Strong Week

Pound to Euro Sees Early Dip as UK Virus Worsens

The pound to euro exchange rate saw an early dip of around 0.20% as the UK grappled with the latest strain of the coronavirus. Another 1,035 deaths were reported in the country, taking the total to more than 80,000 fatalities ‘within 28 days of a positive COVID test’. The pound and euro outlook will determined by the virus spread as there is little data coming until the UK Gross Domestic Product (GDP) growth figure on Friday. UK Virus Spread Weighs on Pound The UK is still struggling...
Pound to Euro Still Unable to See Post-Brexit Gains

Pound to Euro Still Unable to See Post-Brexit Gains

The pound to euro exchange rate closed the week at 1.1099 after an early week dip. The pound fell due to the latest lockdown in the UK on Monday, but this was balanced by Germany extending its own lockdown. The pound has still been unable to see any meaningful gains from the Brexit trade deal that came into force ahead of January 1st. The lockdowns are weighing on sterling but after all the threats of Brexit chaos, the agreement has come into play without any issues. GBPEUR could...
Pound to Euro Ends a Mixed Week with Inflation Gains

Pound to Euro Ends a Mixed Week with Inflation Gains

The pound to euro exchange rate ended the week higher after a Monday drop. The week started with a sell-off after the euro took advantage of the latest UK lockdown. This was balanced later in the week by disappointing Eurozone inflation figures. The UK reported another record high in fatalities attributed to the coronavirus and this will weigh on the pound in the near-term as the government attempts to make a big push with vaccination facilities. The pound to euro exchange rate finished the week with...
GBPEUR - Brexit Negotiations Commence 8th Round Next Week

GBPEUR Gains on Inflation as France Extends Border Blocks

The GBPEUR exchange rate was higher on Friday after the Eurozone saw continued weakness in inflation numbers. France announced today that they would continue the restrictions on UK visitors “until further notice”. The UK are set to open a raft of new vaccination centres next week in an attempt to move the program along. GBPEUR was trading 0.46% higher in early trading with the pair pushing the 1.1100 level. French Border Restrictions Extended for the UK France made a move to extend the country’s border restrictions with...

Pound to Euro Set to Rise as Vaccine is Rolled Out

The Brexit trade agreement provided the pound to euro exchange rate with a welcomed boost, but the pound’s gains were limited and the pound to euro exchange rate did not reach the higher levels that some forecast. This could be put down to several reasons, firstly the market had already priced in a high probability of the UK-EU reaching a trade agreement so by the time the announcement came, investors had already largely accounted for the deal. Secondly, whilst a deal was agreed, the...
minimal market movement so far for Sterling exchange rates

Pound to Euro Rate Lower as Traders Await EU Inflation

The pound to euro exchange rate was lower on Thursday as traders await the latest core inflation data from the Eurozone. The inflation level in Europe has been hovering around the zero level and the bloc risks a Japanese-style “lost decade” with heavy central bank purchases of bonds and little growth. Bank of England Governor has warned of an $80 billion hit to the UK economy from Brexit but the figures are hard to quantify in a country that is still closed for business to the rest...
Pound to Dollar Rates Dragged Lower by Dollar Strength

Pound to Dollar Rate: Dollar Downbeat After Democrats Take Control of Senate

Following a relatively muted trading session on Tuesday, the pound to dollar rate experienced heightened volatility yesterday – falling by more than one cent into 1.35 midrange territory. Reports that the UK’s third lockdown could remain in place until March weighed on the pound; as did comments from Bank of England Governor, Andrew Bailey who reigniting the Brexit debate by predicting that the free trade deal could cost the UK economy more than £80 billion. All Eyes on Washington for Dollar The pair might have fallen...
GBP to EUR Pauses at November Highs

Sterling Exchange Rates Still Struggling to Kick Start the Year

Despite the positive news of a Brexit trade deal being done right at the eleventh hour of 2020, Sterling exchange rates have failed to really push on and gain ground against most major currencies. If anything, we have seen the pound fall away against the majority. News on Monday evening that a third lockdown had to be bought into place for the UK has no doubt dented sentiment in the Sterling and the UK and just as it looked like we may see the pound...
GBPEUR Seeks Direction as Germany Joins Lockdown

GBPEUR Seeks Direction as Germany Joins Lockdown

The GBPEUR exchange rate was slightly lower on Wednesday after Germany’s lockdown extension saw a halt to euro gains on the week. The single currency had rallied early in the week after Boris Johnson’s decision on Sunday to extend the UK lockdown measures. The pound to euro rate was looking for a clearer direction and today will see data from the UK and Europe with Purchasing Manager's Index data (PMIs) and inflation. GBPEUR was trading 0.11% lower at 1.1065 with support below at 1.09-1000 if the...