Pound to Euro outlook GBPEUR rate hits 1.1061 on the interbank rate, could it rise further?

Pound to Euro outlook: GBP/EUR rate hits 1.1061 on the interbank rate, could it...

Promising news of a Brexit compromise boosts GBP/EUR rate The pound to euro exchange rate has jumped to 1.1061 on the interbank exchange today, representing the best time to buy euros with pounds since July 29th. The improvement is following news that German Chancellor Angela Merkel will consider a change in the current stance from the EU towards the UK. Expectations that perhaps the Irish backstop issue could be resolved have helped the pound to shake off some of the no-deal blues which had seen...
Pound to Euro exchange rate remains below 1.10, could today's meeting between PM Johnson and Chancellor Angela Merkel impact rates?

Pound to Euro exchange rate remains below 1.10, could today’s meeting between PM Johnson...

Boris Johnson flies to Berlin to meet Angela Merkel Although there is some important economic data due for release this morning, the main event today is likely to be the meeting in Berlin between German Chancellor Angela Merkel and UK Prime Minister Boris Johnson. As covered on Pound Sterling Forecast recently one of the main topics of discussion that holds the potential to influence pound to euro exchange rates at the moment is the Irish Backstop arrangement. Adding to this is the No-deal Brexit possibility which...
Pound to Euro forecast Potential for Sterling weakness as European Union reiterates there will be no compromise on the Irish Backstop

Pound to Euro forecast: Potential for Sterling weakness as European Union reiterates there will...

Pound to Euro forecast The timeline for Brexit does not bode well for the pound to euro exchange rate. Boris returns from parliamentary recess in early September which leaves less than 8 weeks to get a deal agreed on Brexit. This is something Theresa May failed to do in two and a half years. Johnson has made it clear he is not willing to negotiate unless Brussels agree to drop the Irish backstop, this is something Brussels has stated they are not willing to compromise on...
Pound to Euro exchange rate Where next for GBPEUR exchange rates?

Pound to Euro exchange rate: Where next for GBP/EUR exchange rates?

The pound to euro exchange rate staged what might be seen as a remarkable recovery last week, rising close to 3 cents between the highs and the lows on the interbank exchange, from lows of 1.07 to nearly 1.10 on Friday. The 2.5% increase on the interbank rate presented some highly valued improvements for euro buyers, looking for respite following a tough few weeks for the pound against the euro. Pound to Euro exchange rate as Brexit uncertainty continues This week, it will be interesting to...
Pound ends the week on a high vs the euro

GBP ends the week on a high vs EUR

Pound makes gains vs the euro The pound has made some gains vs the euro during the course of this week providing some better opportunities to buy Euros with Pounds. This has seens sterling hit its best interbank exchange rate against the euro in the last 10 days. UK Retail Sales data published yesterday saw better than expected data which provided the pound with a much needed boost. Year on year figures showed an improvement to 3.3% compared to twelve months previously. Wage growth also saw the best...
Pound to Euro outlook Could pound to Euro exchange rates rise back above 1.10?

Pound to Euro outlook: Could GBP/EUR exchange rates rise back above 1.10?

Pound to Euro exchange rate: Euro weakness sees the Pound make a short-term bounce back The pound to euro exchange rate has been nudging the 10-year low on the interbank, having broken through the 1.07 mark on Friday, testing 1.064. this is the lowest level seen since January 2009, breaching the 1.0730 lows of August 2017. The euro has been weaker since Friday last week, following the news that the Germany economy is not growing as fast as hoped, with the recent economic growth figures...
Pound to Euro exchange rate forecast European data disappoints, Sterling makes minor gains as inflation creeps above 2%

Pound to Euro exchange rate forecast: European data disappoints, Sterling makes minor gains as...

The pound to euro exchange rate has made minor gains with sterling moving against the majority of major currencies at the time of writing this post. UK data yesterday showed slightly better than expected employment and average earnings figures yesterday along with inflation being shown to have crept up above 2% in figures released this morning. Bank of England: Low GBP value causes UK inflation worry Mark Carney (Governor of the Bank of England) had to explain via a letter to the Government why inflation has...
Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain high

Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain...

The pound to euro exchange rate is trading around a 2-year low at the time of writing after dropping into the 1.06's earlier this week. At the time of writing the pair sit at 1.0780 on the interbank exchange which is flat on the day, and it will be interesting moving forward to see whether the pair fall as low as the lows of 2009 when they almost hit parity. Reuters publish probability of no deal Brexit: Sterling continues to show weakness against other major...
Pound to Euro outlook How could Brexit shape GBPEUR exchange rates?

Pound to Euro exchange rates: GBP trading around 1.0850 on the interbank as Sterling...

Pound to Euro exchange rate falls to 23 month lows The pound has threatened to stage a fightback against the EUR on more than one occasion this week, but as of yet, has failed to sustain any significant gains against the single currency. Pound to euro exchange rates are trading around 1.0850 on the interbank exchange, with the EUR continuing to find plenty of support around the current levels. 1.09 has offered plenty of protection this week for EUR sellers, with the single currency thus far...
Pound to Euro Outlook: Will GBP/EUR rise back above 1.10?

Pound to Euro Outlook: Will GBP/EUR rise back above 1.10?

Pound to Euro rate continues to trend low The pound to euro exchange rates have been trending lower in recent weeks for various reasons, notably Brexit related concerns on the type of Brexit the UK is aiming for. Yesterday, the 6th August, saw GBP/EUR levels hit 1.0815 on the interbank exchange rate. This is almost 2 years to the date of the previous lows, 28th August 2017 where we saw 1.0740. A key question for euro buyers is whether or not the GBP/EUR interbank rate...