GBPEUR Exchange Rate: The Week Ahead May 23rd

GBPEUR Exchange Rate: The Week Ahead May 23rd

The GBPEUR exchange rate is trying to hold the recent rally which was based on the increased GDP forecast for the UK economy. Last week saw inflation rising quickly on a yearly basis, but the Bank of England are convincing investors in the short-term that the price pressures are temporary. The headwind for the UK was a rise in the so-called Indian variant of the coronavirus, with cases rising 30% to around 3,000 before Friday. The government have upped the surge testing and vaccine availability...
GBPEUR Loses 1.16 Level After German Data

GBPEUR Exchange Rate: Week in Review May 22nd

The GBP to EUR exchange rate was flat on the week as higher inflation from the UK was slowed down by a rise in cases of the so-called Indian variant of the coronavirus. The European GDP figure for Q1 came in as expected with the continent still failing to shrug off the lockdowns. UK inflation doubled over the year to April, but the BoE insist that this is temporary. The GBP v EUR was hovering around the 1.16 level on Friday as traders try to...
GBPEUR Awaits EZ GDP and German ZEW Data

GBPEUR Uptrend at Risk from Virus Talk

The GBPEUR exchange rate was -0.04% lower on Thursday after the morning session and the recent uptrend is at risk from talk of the Indian virus variant in the country. Boris Johnson has said that the vaccine is enough to fend off variants but the media and scientists prefer to focus on the fear aspect, so there is potential for further losses in sterling. GBPEUR is trading at 1.1588 on Thursday as it threatens to lose the 1.1600 mark this week. Government criticised over Indian virus The...
GBPEUR Flat After Inflation Data Fails to Spark

GBPEUR Flat After Inflation Data Fails to Spark

The GBPEUR exchange rate was flat on Thursday after inflation numbers yesterday failed to spark the pound versus euro pair. The euro strengthened slightly after it printed similar numbers to the UK despite further behind on reopening. Further talk of the Indian variant of the virus is also weighing on sterling. The GBP to EUR trades at 1.1590 after surrendering the 1.16 level on Wednesday. Indian variant talk continues in the UK UK Health secretary Matt Hancock told MPs on Wednesday that extra testing and vaccine supplies...
GBPEUR Flat After UK and EU Inflation Figures

GBPEUR Flat After UK and EU Inflation Figures

The GBPEUR exchange rate was -0.04% lower on Wednesday after the U and EU both released inflation numbers for the month. Both came in around market expectations, while the UK number maybe disappointed traders who wanted to see prices higher as they were in the US economy. GBPEUR is trading at 1.1594 as the pair threatens to give up the 1.1600 mark on the week. UK inflation stronger on reopening The latest UK inflation figures were 1.5% higher for April compared to a year earlier as the...
GBPEUR Showing Weakness Despite Strong Data

GBPEUR Showing Weakness Despite Strong Data

The GBPEUR exchange rate was 0.07% lower on Wednesday despite inflation coming in slightly ahead of expectations. The market will now wait for the European version of the data and the UK also saw decent employment numbers yesterday. The GBP to EUR trades at 1.1590 as the pair seems unable to hold the 1.1600 level. Inflation rises with UK economy reopening UK inflation saw a 1.5% increase in April compared to a year earlier as the country’s economy bounced back from lockdown and prices for energy and...
GBPEUR Showing Weakness Despite Strong Data

GBPEUR Dips as EU Growth Remains on Track

The GBPEUR exchange rate was -0.11% lower on Tuesday morning, despite the UK seeing positive jobs numbers.
GBPEUR Higher After Positive Jobs Number

GBPEUR Higher After Positive Jobs Number

The GBPEUR exchange rate was 0.10% higher on Tuesday after a better-than-expected employment release. The UK saw 84,000 jobs added, compared to the 50,000 expected. Clouds still loom over the jobs data and traders are not getting overly excited by the data. The GBP to EUR trades at 1.1640 and European Q1 GDP numbers at 10am will be key for the day. Jobs number better but clouds still hover The UK saw a rare positive jobs number this morning as the economy comes back online and services...
GBPEUR Flat After UK and EU Inflation Figures

GBPEUR Tests 1.16 Ahead of Employment Data

The GBPEUR exchange rate was -0.08% lower on Monday as the pair awaits UK employment and European GDP data. Traders are still giving the euro some benefit of the doubt as the continent awaits its own GDP data for Q1. That could be a big driver for the week and the UK also sees the latest employment data amid talk of labour shortages in the services sector. That was always going to happen with displaced workers leaving larger cities in the lockdown. GBPEUR is trading...
GBPEUR Reverses After German Employment Data

GBPEUR Readies for UK Employment Number

The GBPEUR exchange rate was 0.10% higher on Monday with a quiet day on the data front but tomorrow will see UK employment data. The UK is now reopening but politicians are pushing back on the freedom with warnings of another virus wave. The GBP to EUR trades at 1.1610 and is trying to secure the 1.1600 level ahead of tomorrow’s data. AstraZeneca vaccine effective against Indian virus The AstraZeneca vaccine is said to be 97% effective against the Indian variant of the coronavirus, recent studies have...