Negative Retails Sales Figures put further pressure on GBPEUR

Pound Euro Forecast – will the Pound fall further against the Euro next week?

Tory Leadership battle heats up The Pound has had one of its most quiet weeks of 2019 against the Euro. Sterling appears to have been adopting a wait and see approach vs the single currency. This weekend the Tory leadership battle will start to heat up. Ballot papers have been issued to the 160,000 Tory members across the UK. The vote will close on 22nd July and the new Prime Minister will be announced the following day. The likely winner at the moment appears to be Boris Johnson. However, as...
Pound to euro predictions: Forecast for the remainder of 2019

Pound to euro predictions: Forecast for the remainder of 2019

Over the last 8 weeks, pound to euro exchange rates have dropped 5%. To put this into monetary value a €250,000 purchase now costs an additional £11,450. The pound has declined in value due to the chances of a no deal Brexit increasing. As it's been highlighted over all media stations, front runner Boris Johnson has made it clear that the UK will be leaving the EU with or without a deal at the end of October. New UK Prime Minister to be announced...
Pound Sterling exchange rates remain flat with minimal economic data or Brexit news to feed from

Pound Sterling exchange rates remain flat with minimal economic data or Brexit news to...

So far this week we have not seen a huge amount of volatility for Pound Sterling exchange rates, if anything, against the Euro the Pound dropped ever so slightly. News released this morning indicates that Mark Carney, Governor of the Bank of England is set to potentially take over the helm at the IMF (International Monetary Fund). This no great surprise as he is due to leave at the start of 2020. He had already agreed to remain longer than his original post was due...
Pound to Euro rate: Italian debt a threat to the Euro

Pound to Euro rate: Italian debt a threat to the Euro

Problems within the Eurozone: Euro close to 2 year lows against the Dollar The euro currently sits close to a two year low against the US dollar, yet GBP/EUR rates remains anchored in the 1.11s. The euro has its own troubles such as terrible inflation data and the Italian debt situation. Italian debt is now larger than GDP and Brussels have threatened to impose a €3bln fine on Italy if there is not a solid debt recovery plan put in place. Italian debt higher than GDP This...
Pound vs Euro exchange rate How will Mark Carneys speech affect rates this week

Pound vs Euro exchange rate: How will Mark Carney’s speech affect rates this week?

Chancellor warns of leadership plans Pound vs euro exchange rates remain range-bound, with the interbank rate currently at 1.26 at the time of writing. The Chancellor of the Exchequer has spoken out about the plans made by Boris and Jeremy Hunt. Philip Hammond has said that their plans 'greatly exceed' what is available with the Treasury. In the last few years the Treasury's surplus has increased. However, not by as much as what the two candidates have pledged. We are now just three weeks away from...
Pound to Euro Rates Marooned Under 1.12 as UK Political Battle Intensifies

Pound to Euro Rates Marooned Under 1.12 as UK Political Battle Intensifies

Pound to Euro rates remained fairly static over the weekend, with the Pound failing to make any inroads above 1.12 against the Euro. The Euro continues to find plenty of support around this threshold, as the Pound continues to struggle amidst the on-going political and economic uncertainty the UK is currently facing. Looking at the current Conservative leadership race and both Boris Johnson and Jeremy Hunt have been laying out more of their mandates, regarding how they would go about helping support the UK economy over...
Pound to US Dollar rates influenced by political uncertainty in the UK

Pound Euro rates impacted by political uncertainty

Six month high selling Euros The Pound Euro rate is currently close to its lowest level all year. This is great news for anyone looking to sell Euros into Pounds. However, it is very concerning for anyone looking to convert Pounds into Euros. The political landscape in the UK is very unsettled and we are now just three weeks from finding out the next Tory Prime Minister. The clear favourite appears to be Boris Johnson but things could still change. Boris has been questioned a number of...
Pound vs Euro forecast: A higher probability of a no deal Brexit will result in a weaker Pound

Pound vs Euro forecast: A higher probability of a no deal Brexit will result...

Pound vs Euro forecast: Boris Johnson's stance could weaken Sterling The pound remains weak against the majority of major currencies due to political uncertainty and the lack of clarity surrounding Brexit. At present the UK is in Brexit limbo and we have no Prime Minister. Political and economic uncertainty are catalysts to a currency losing value. Favourite to gain the role of Prime Minister, Boris Johnson has said he will be willing to take the UK out of the European Union if a deal cannot be...
Pound Euro forecast Bank of England comments & Tory leadership election

Pound Euro forecast: Bank of England comments & Tory leadership election

Mark Carney's comments: Bank of England measures The Bank of England governor Mark Carney spoke yesterday about the most recent inflation report. His rhetoric was similar to that of their recent meeting earlier this month. It appears as though Carney is more in favour of Quantitative Easing rather than an interest rate cut and this gave the pound a boost. He also suggested that he would not necessarily change interest rates if the UK heads towards a no deal Brexit. However, he did suggest that they...
Pound vs Euro rates UK and Eurozone economies facing crisis of confidence

Pound vs Euro rates: UK and Eurozone economies facing crisis of confidence

Brexit uncertainty continues to keep investors away from the Pound GBP has found only pockets of support this week against the EUR, failing to make any substantial inroads above 1.12. The pound has threatened to make a move, only to see its support wane as investors continue to shy away, as concerns over Brexit continue to cast a dark shadow over the markets. New UK PM to shine light on Brexit approach With the Conservative leadership race having been whittled down to its final two, those clients...