GBP/EUR rate hits new 22 month high of 1.1766

GBP/EUR rates: One week until the meaningful vote and the impact upon Sterling vs...

Sterling has been trading close to a 2 year high against the Euro in the last week as it appears as though the latest Brexit news is helping to support the value of the Pound against a number of different currencies. Will Article 50 be extended? The likelihood is that we could see an extension to Article 50 and this has helped the Pound to increase as investors look to second guess what may happen in the next few weeks. German Chancellor Angela Merkel has suggested that...
Pound Sterling Strength: Sterling Making Impressive Gains Against the Euro

Pound Sterling Strength: Sterling Making Impressive Gains Against the Euro

Pound Sterling forecast: Sterling has continued where it left off last week, with further gains against all the major currencies. The Pound had its strongest week of the year, making impressive gains against the Euro in particular. GBP/EUR rates reached a two year high GBP/EUR rates hit a fresh two year high, moving through 1.17, providing those clients holding the Pound with some much needed respite after months of stagnation. The catalyst for this upturn was largely down to a reduced chance of a no-deal Brexit and...
GBP to EUR rates: Pound remains stable in 1.16s against Euro - Will the Pound keep rising?

GBP to EUR rates: Pound remains stable in 1.16s against Euro – Will the...

The Pound has had one of the best weeks seen since the referendum, making gains against all major currencies as Sterling has come well and truly back into fashion, well at least for the time being! Investors and speculators have found an increased demand for Sterling and this has given the Pound a welcome boost for those looking to buy property overseas or for business owners that buy their stock in foreign currency. The main reason behind the rise appears to be positive vibes around the...
Will GBPEUR see further volatility with the final vote due next week?

GBP/EUR hits 21 Month High

Are we looking at an Extension to Article 50? Sterling has made significant gains against the euro of late, hitting a 21 month high of 1.1723 yesterday. The boost to the pound can be attributed to a higher probability of an extension to Article 50. If there is one thing that causes a currency to weaken it is economic uncertainty and with the Article 50 deadline of the 29th March rapidly approaching we could be looking at a bodged deal or indeed the dreaded no deal...
Pound to Euro Forecast: Will GBP find further support against the EUR this week?

Pound to Euro Forecast: Will GBP find further support against the EUR this week?

In today's Pound to Euro forecast we look at the outlook for GBP/EUR exchange rates during the week ahead. The Pound has started the week on the front foot against the Euro, finding plenty of support above 1.15. With further gains this morning pushing the Pound to Euro rate up to a high 1.1591, investors will now be asking themselves whether this positive trend is set to continue over the coming days. Pound to Euro forecast: Brexit talks key to Pound value Today’s meeting between UK Prime...
Will GBPEUR rise further this week?

Will the GBPEUR exchange rate rise further this week?

Theresa May has pushed back her Brexit deadline to the 12th March in an attempt to get fresh talks to try to get her deal through British parliament. Wednesday this week will see the British Parliament debate its approach to further talks. GBPEUR levels have risen on the news, to remain comfortably back above the 1.15 handle, presenting clients buying euros with a fresh opportunity at this higher level. The key question now is how will the pound to euro exchange rate react to...
Pound to Euro Forecast: Will GBP/EUR rates continue to rise?

Pound to Euro Forecast: Will GBP/EUR rates continue to rise?

In today's Pound to Euro forecast we look at why the GBP/EUR rate has been in the ascendancy over the last couple of weeks. Investors seem to have become more confident over the future outlook on Brexit. Expectations for Brexit are continuing to be shaped by political developments in the UK and abroad. The pound is likely to remain under pressure despite having risen quite dramatically lately. More MPs expected to defect from Labour A key factor for us to consider overnight has been the news...
Pound to Euro exchange rate before Brexit and what will happen after 29th March?

Pound to Euro forecast: GBP to EUR Finds Support over 1.15

In today's Pound to Euro forecast we look at the recent GBP to EUR strength amidst a week full of meetings between British and EU leaders fine tuning the terms of the Brexit withdrawal agreement. Rates for GBP to EUR have risen over 1.15 again in the hope that a new agreement on the legal terms of the Irish backstop can be reached. British politics is seeing a very interesting time at present and this week has seen a number of defections from both...
GBP/EUR rate breaks 1.15 once again: All eyes on May and Juncker's meeting today

GBP/EUR rate breaks 1.15 once again: All eyes on May and Juncker’s meeting today

Yesterday afternoon GBP exchange rates were buoyed by the news that today there is a key meeting that could help push through a deal. We're now just over 5 weeks from the due date for Brexit and without a deal in place at this stage, the markets are paying very close attention to negotiations. The UK's Prime Minister, Theresa May has already arranged a deal with the EU although it's so far failed to pass through the Houses of Parliament. Theresa May doesn't seem confident...
Theresa May loses meaningful vote and Sterling loses value - Two more key votes this week

Pound to Euro forecast: What’s next for GBP/EUR exchange rates?

This weekend UK Prime Minister Theresa May wrote to 317 Conservative MPs asking for unity, but the reality is if the backstop agreement remains in it's current form she will lose the meaningful vote at the end of the month on the 27th February. Will the Brexit agreement be passed by Parliament European officials are still playing hardball, therefore I expect the PM to lose the vote. If this happens the golden question is what's next? More uncertainty would be likely, which is a problem for UK...