Pound to euro forecast: Should I buy euros now?

Pound to euro Forecast: Carney’s outlook for UK economy improves

BoE outlook and progression in Brexit talks boost the pound The Pound has made significant gains against the euro this week, following news that there has been progress in talks between Theresa May and Jeremy Corbyn as they attempt to put together a deal that will be accepted by both parties. Another catalyst for the pound's rise was the positive news from Bank of England Governor, Mark Carney. He said that the future of interest rates in the UK would largely depend on the progress made...
Will the Pound rise or fall versus the Euro in May?

Pound to euro exchange rates and Bank of England interest rate decision due today

Pound gains in value against the euro and is at the best rate to buy euros in over a month. In spite of all the uncertainty surrounding Brexit, the UK is expected to grow by 1.3% during 2019 which is only just 0.1% lower compared to 2018. Brexit continues to impact UK investment Clearly Brexit has had a negative impact in terms of large corporate investment and this is why the forecast has been downgraded. However, a fall of just 0.1% is arguably not as bad...
GBP/EUR rates move back above 1.16 despite positive eurozone growth figures

GBP/EUR rates move back above 1.16 despite positive eurozone growth figures

Pound to euro rates have levelled out this morning, following yesterday’s positive move for the pound. Positive gains for sterling as cross-party Brexit talks see positive uptick Sterling moved back above 1.16 against its euro counterpart, following reports of positive cross-party Brexit talks, with both the Conservatives & Labour aware of the “need to inject urgency” into proceedings. Whether yesterday’s spike is sustainable is likely to be determined by any further information the markets receive regarding another prospective step forward in Brexit talks. UK Prime Minister Theresa...
Pound to euro forecast : Will the pound rise against the euro?

Pound to euro forecast: Will the pound rise against the euro?

The pound to euro forecast suggests to me that we could see some troubled times ahead where the pound is in the firing line. My main concern for sterling is the upcoming UK local elections where the Conservative Party are expected to take a hit. Whilst not directly linked to the final outcome on the final proposals of Brexit, it may relate to future troubles over how Mrs May is perceived. Clients wishing to buy euros with pounds wishing for a higher rate will in...
Pound to euro Forecast ahead of Local Elections

Pound to euro Forecast ahead of Local Elections

The pound to euro exchange rate remains range bound as Brexit keeps the markets guessing and continues to be the dominant driver for sterling exchange rates. Parliament remains deadlocked despite attempts by the Conservative and Labour Parties to try and find a way forward with cross-party support. As things stand the withdrawal date has been delayed to 31st October 2019, which leaves a sustained window of uncertainty for GBP to EUR exchange rates. Local elections in the UK will be held this Thursday and it...
Spanish elections and the impact on the pound vs the euro

Spanish elections and the impact on the pound vs the euro

The Spanish elections are due to be held on Sunday which will be the third general election held in just four years after Spain has endured one of its most uncertain political periods in history. According to the latest polls there is still a huge amount of voters who have yet to decide which party to vote for so with just two days to go we could see a lot of volatility on GBP/EUR exchange rates once the voting finishes so I fully expect to...
Pound to US dollar forecast: Gains for sterling despite Brexit limbo

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...
Pound to euro rate forecast: Will rates rise or fall on the European elections and Brexit?

Pound to Euro forecast ahead of European Elections

The Pound to Euro exchange rate remains sensitive to Brexit developments following the Parliamentary Easter recess. GBP/EUR rates made some small in-roads following the Easter weekend but the markets are now poised for any significant developments in the coming days. Much attention is moving to the European elections to be held 23rd May and the Government has already put the structure in place for this to go ahead with polling cards already sent out to the electorate. There is likely to be considerable volatility for...
BP/EUR rates remain in the 1.15s despite PM May's position coming under pressure

GBP/EUR rates remain in the 1.15s despite PM May’s position coming under pressure

Despite trading in a mixed fashion against most major currency pairs today, the pound to euro (GBP/EUR) rate is currently up and trading towards the top of it's daily range against the euro despite a number of domestic issues. The headlines this morning revolve around the Prime Ministers position, despite Theresa May surviving a vote of no-confidence as recently as December there could be another challenge to her position as it's emerged that around 70 local association chiefs have called for an Extraordinary General Meeting to...

Will the Brexit actually happen?

Since December it has been clear that the problem with delivering Brexit is that it is in the hands of MPs who are in the main in favour of staying in the European Union. The various votes during the last few months have all been to reject the various Brexit deals on offer and I am beginning to doubt whether or not the UK's government will be able to deliver Brexit. The previous end date has now passed and although the UK has been granted an...