Euro Could Sink Against Us Dollar as ECB Tipped for an Interest Rate Cut

Euro Could Sink Against Us Dollar as ECB Tipped for an Interest Rate Cut

The euro to US dollar exchange rate has slipped below the key 1.09 level to reach its lowest rate since 2017 at 1.0865. Further losses could be in store as foreign exchange markets look to be in the process of pricing in fresh action at the European Central Bank (ECB). The market is suggesting that the ECB could be well on its way to cutting interest rates once more in 2020, a move which will likely lead to further weakness for the single currency....
Sterling Hovers Around the 1.20 Mark

Pound to Euro Exchange Rate Remains North of 1.19, Could the Rate Test the...

The Pound to Euro mid-market level is currently sitting at an almost 2-month high at the time of writing, with the pair finding some support at the 1.1900 level so far this morning. During earlier trading we saw the pair climb as high as 1.1935, which is less than a cent and a half from the highest level of the past year which is also the highest level seen in over three and a half years. UK Economy Is Growing Faster Than Both Germany and France The...
Pound to Euro forecast

Euro Troubled by Weak Economic Environment

Recent Weak Run Sees Euro on the Backfoot, but Weakness May Turn Into Strength for Eurozone Brexit Remains GBP’s Main Priority, but Echoes of a BoE Rate Cut Fill the Air Contact Us The euro continues its poor run into mid-week, with a series of undesirable economic data releases under its belt. The EUR/GBP exchange rate is heavy and proceeds to extend the downside for the first half of the week. However, with the Eurozone’s current weakness, it may lend a helping hand for...
Will GBPEUR hit 1.20?

Pound to Euro Outlook: Will GBPEUR Hit 1.20?

Strong UK Economic Data Releases Looking Ahead Contact Us The pound to euro exchange rate has been performing better in 2020 for Euro buyers with pounds, as the interbank ranges from 1.1648 to 1.1920 have been seen. This is in contrast to the 1.0647 – 1.2060 ranges we saw in 2019. Whilst we are only 6 weeks into 2020 the pound has been enjoying a higher range against the euro than last year, as demonstrated above. Will the pound to euro rate rise to 1.20,...
Pound to Euro Forecast: Euro Sees 4-Month Lows as European Commission Primes for Growth Forecast and EU Data

Pound to Euro Forecast: Euro Sees 4-Month Lows as European Commission Primes for Growth...

The euro starts the day on the back of six straight days of losses. Recent poor economic data releases and an increasing concern for the impact of the coronavirus have levied against the single currency, leading to a mass sell-off from investors. The euro will be hoping to find a rallying point later today when the European Commission announces its economic growth forecasts. The 2020 GDP growth forecast from the ECB last July saw the figure lowered slightly to 1.4%. Investors will hope that...
GBP to EUR: Sterling Recovers Last Week's Losses Against the Euro

GBP to EUR: Sterling Recovers Last Week’s Losses Against the Euro

The pound made good gains yesterday and once again pushed through the 1.18 barrier versus the euro, despite focus still being placed upon the future UK/EU trade agreement negotiations before the December 31st transition deadline. The root of the issue with the trade negotiation is that with the UK out of the Single Bloc, but trying to avoid a ‘no-deal’ scenario, the trade agreement is of such importance to the economies of both sides that the UK could in fact default to a no deal...
German and Eurozone GDP Results Sink Euro as GBP Edges Over with Public Spending Boost

Pound to Euro Exchange Rates: GBP to EUR Rate Subdued as Sterling Eyes GDP...

GBP Looks to Rebound Recent Form With an Uptick in GDP Data for December Carney and Haskel Speeches Will Be Scrutinised for BoE’s Stance on Sterling Performance Euro Will Have to Wait Until End of Week for Its Chance to Rally on GDP Data Contact Us Kicking off a new week of trading, the Pound to Euro exchange rate currently sits trading at around 1.1781 ahead of the European open. With little on the economic calendar for either side today, the exchange rate is...
Euro Trades Below $1.08, Triggering Options Markets to Flash Warnings

Pound to Euro Rate Outlook: How Will the Pound to Euro Rate Fare This...

UK Economic Data No Deal Brexit? Looking Ahead Contact Us The pound to euro exchange rate had some troubles last week as investors saw no major reason to get behind the pound, and the interbank rate gently lost ground, finishing the week on 1.1775, having nudged 1.1852 as the highs. Expectations for this week are mixed, with the pound to euro rate having opened at 1.1762 this morning and not showing any immediate signs of wishing to move higher. UK Economic Data Some recent more impressive...
What Obstacles Will the Euro Face Next Week?

Euro Exchange Rates: What Obstacles Will the Euro Face Next Week?

Euro Faces Important Data in the Week to Come Which Could Shape Its Direction EU-UK Headlines Likely to Remain Largely in Focus Contact Us As the trading week closes for the weekend, the euro investors will look ahead to what is to come for the currency next week. This week closed on a rather sour end after President Lagarde’s optimism of a recovering Eurozone economy was undermined by poor German market data. The euro will be looking to bounce back next week as it...
ECB Claims Eurozone Recovery but Data Tells Other Truths

Euro Week Overview: ECB Claims Eurozone Recovery but Data Tells Other Truths

Euro Opens Week on Back-Foot as UK Negotiations Get Underway Wednesday Saw UPS and Downs for the Eurozone as Lagarde Reassures the Market Poor German Data Undermines Lagarde’s Optimism This week has been volatile for the euro, with many of its competitors performing well at different stages in the week. The euro opened the trading week on the back foot after a disappointing week of economic figures. This week also highlighted the start of the EU-UK trade negotiations which is expected to be a...