Pound to Euro forecast General Election confirmed

Pound to Euro forecast: General Election confirmed

Sterling volatility expected in lead up to general election The pound to euro exchange rate looks set for a volatile 6 weeks after it was confirmed last night that a UK general election will be held 12th December. A vote in the House of Commons resulted in a huge majority of 418 supporting a general election after eventually finding support from the opposition Labour party. Labour leader Jeremy Corbyn said his party would “now launch the most ambitious and radical election campaign for real change...
Pound to Euro outlook How will the Brexit and election shape GBPEUR rates?

Pound to Euro outlook: How will the Brexit and election shape GBP/EUR rates?

The pound to euro exchange rate has been losing ground as investors prepare themselves for the likelihood of a UK election this December. Investors are gearing themselves up for the December election as parliament votes today to decide whether or not back the election. GBP/EUR levels are still trading very close to the more recent highs we had seen which saw the pound to euro rate reach the interbank high of 1.1649 on the 22nd October. This is in sharp contrast to the lows of...
GBP to EUR exchange rate 3 month Brexit extension granted by the EU

GBP to EUR exchange rate: 3 month Brexit extension granted by the EU

The Pound continued to trade within the 1.15-1.16 interbank range at the end of last week as the market looks for its next move amongst some stagnant Brexit conditions. Today however, we have had further clarity on the extension being offered by the EU following the assertion on Friday that they will offer an extension but failing to confirm how long this extension would be. There has been little reaction by the Pound to this news. EU grants UK Brexit extension French President Emanuel Macron in...
Pound to Euro forecast How could the latest Brexit extension affect Sterling exchange rates?

Pound to Euro forecast: How could the latest Brexit extension affect Sterling exchange rates?

The pound to euro exchange rate had risen slightly late yesterday on the interbank market with rates currently sitting at 1.1561, at one point rates were as low as 1.1533, its weakest in over one week, or since Wednesday 17th October. Yesterday, the EU announced that it will extend the UK’s Brexit deadline, yet will only decide by how long early next week, once the UK Parliament has decided whether to hold a general election. Boris to call for election next week, will Corbyn support...
General Election could weaken Sterling

Pound to Euro Forecast: General Election could weaken Sterling

How long are we looking at for a Brexit Extension? EU members are due to meet today to discuss what length of Brexit extension to offer Britain. It is rumoured that the majority of member states favour a three month extension. Johnson has stated he would allow further time for Members of Parliament to debate the deal if they agreed to a general election on 12th December. Boris has said in the event of a delay until January he will call an election, this may not...
How Long Will Brexit Extension Be?

Pound to Euro Exchange Rate: How Long Will Brexit Extension Be?

The pound to Euro exchange rate has slipped slower after an excellent rally for the GBP vs EUR pair over these last two weeks. The pound is close to the highest levels seen in this recent trading range which is still presenting those looking to buy Euros with a good opportunity to purchase. The markets are now awaiting confirmation from the European Union as to whether it will grant Britain the extension that the Prime Minister was forced to request via the Benn Act. ...
Pound to Euro exchange rate Sterling slides against the Euro as Brexit extension looks likely

Pound to Euro exchange rate: Sterling slides against the Euro as Brexit extension looks...

The pound to euro exchange rate has slipped from its 1.16 pedestal this morning following further Brexit delays from the House of Commons. Holding steady around 1.1550 at the time of writing the pound is still holding above the key 1.15 support level but looking for direction amongst the Brexit smog. PM Boris Johnson pauses legislation for latest Withdrawal Agreement Boris Johnson’s government looked close to progress yesterday evening when his amended Withdrawal Agreement Bill received support in the Commons by a majority of 30 votes....
Is GBP/EUR in the process of consolidating above 1.16?

Pound to Euro rate remains north of 1.16 as Parliament votes on the new...

Will the UK still leave the EU on 31st October? UK Prime Minister Boris Johnson has stated on numerous occasions that he's determined to ensure the UK leaves the EU at the end of this month. Today could be crucial in deciding whether he will be able to carry this out or not, as Parliament will today begin to vote on key aspects of his new deal negotiated with the EU this month. He was thwarted in his attempts to put the deal forward for a...
Pound to Euro reaction to Brexit developments

GBP/EUR Brexit Special – Pound to Euro reaction to Brexit developments

Latest Brexit developments Pound to Euro exchange rates have slipped 0.3% on the interbank rate following the weekend's news which saw Boris Johnson's deal fail to be passed, as MP's voted for the Letwin amendment that forces Boris to seek an extension. GBPEUR rates finished last week at 1.1579, and have been as low as 1.1545 today. Whilst we have not seen the move that many in the financial world were predicting so far, there are still plenty of pending developments ahead which may provide...
Brexit Pound to Euro exchange rate How will Sterling react to Brexit this week?

Brexit Pound to Euro exchange rate: How will Sterling react to Brexit this week?

The pound to euro rate is trading on the interbank rate at 1.1579, very close to some of the best rates for buying euros with pounds since May of this year. Parliamentary drama as Letwin amendment passes When the Asian markets begin trading shortly, we could see increased volatility as the currency market struggles to digest the developments this weekend. The developments include the passing of the Letwin amendment, which seeks to ensure Boris Johnson’s Withdrawal Bill has received parliamentary approval by the Lords before...