Could a Brexit deal be finalised on the 21st of November?

Could a Brexit deal be finalised on the 21st of November?

The pound has made some very positive gains towards the end of this week as it appears as though the Brexit situation is improving. Reports emerged that a deal could be made regarding financial services for the UK after  Brexit and this has helped the pound to hit 1.14 gainst the euro during this morning's trading session. Reports also suggested that Theresa May has agreed part of this potential deal, which would be seen as a huge positive step for the UK's outlook after next March. Brexit...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR rate remains steady as markets await the Autumn Budget

Sterling tailed off towards the end of last week after a prominent think tank, the National Institute of Economic and Social Research (NIESR) warned about the potential negative effects of a no-deal Brexit. I expect similar concerns to dominate the headlines following the Autumn Budget this afternoon as the Chancellor of the Exchequer Philip Hammond will be speaking. He's scheduled to speak around 3.00pm, so those of our readers following the pound's value at the moment should pay close attention to this event. GBP/EUR rates...
Sell euros for pounds

GBP/EUR Forecast – Sterling Under Pressure as Irish Border Concerns Continue

The pound has struggled to make any significant inroads against the major currencies, despite a slight upturn against EUR earlier this week. Investors' risk appetite for the pound has diminished once again, following a lack of clarity over which direction Brexit talks are really heading in. The pound had made gains on the assumption that there would be an agreement between the UK and EU at last week’s summit in Brussels. This positivity proved to be premature as talks once again hit an impasse, predominantly due...
Brexit continues to dictate GBP/EUR

Brexit continues to dictate GBP/EUR

There continues to be high levels of volatility on GBP/EUR exchange rates as Brexit talks intensify. The Irish border remains the key point of contention; should we see a deal come to fruition we could see significant sterling strength. The original date to have a deal agreed was 17th October, but it now may go to an emergency summit in mid-November. However, the final agreement may still not happen then, considering how many extensions have happened so far. Is Theresa May's position in doubt? There is...
Italian Budget could cause the Euro to weaken against the Pound

Italian Budget could cause the Euro to weaken against the Pound

The Pound has remained in a fairly tight range against the Euro recently as the Brexit news has stalled and this has caused investors to remain cautious on GBPEUR exchange rates. However, the recent news story coming out of Italy is that they have had their credit rating downgraded by Moody's at the end of last week. The European Commission has now told Italy that it must revise its current planned budget which is the first time in history that they have intervened. Italy is the...
Brexit, ECB interest rate decision and key speeches to influence GBPEUR this week

Brexit, ECB interest rate decision and key speeches to influence GBPEUR this week

Pound against Euro forecast It's an important week for GBPEUR exchange rates as there are many events that have the potential to impact the pair's value. UK Prime Minister Theresa May will be in the spotlight, as there are meetings planned for Tuesday and Thursday with Conservative MPs. Furthermore she is also facing demands to appear before the 1992 Committee on Wednesday evening. At present, reports are suggesting that 46 letters have been submitted to the Committee and if 48 letters are submitted that's when...
GBP/EUR exchange rates remain flat so far this week

GBP/EUR exchange rates remain flat so far this week

The GBP/EUR exchange rate has remained reasonably flat in what could have been a key week for the pairing. So far there has been minimal movement following the EU Brexit summit, which many had touted as having the potential to be an extremely volatile period for Pound Sterling. It seems at present that the talks have remained in a stalemate, and there are a number of analysts that now believe that we may now have to wait until at least December to see both sides even...
Brexit deal getting closer and the impact on the Pound vs Euro

GBPEUR Forecast: Will a Brexit deal be agreed this week?

The EU summit is due to start today and many people have been adopting a wait and see approach as to what will happen to GBPEUR exchange rates. In the last couple of days a number of senior officials have been suggesting that a deal is unlikely and that an extension may be granted in order to allow the talks to conclude without facing a huge amount of pressure. Brexit talks are currently in a stalemate with the Irish border issue and it appears unlikely...
Average earnings alongside France provide a boost for the pound

Average earnings alongside France provide a boost for the pound

The pound received a well needed boost today as UK average earnings numbers had risen at their fastest pace in 10 years. The figure for the last 3 months was 3.1% and 0.6 above inflation, which indicates that the Great British public have more money in their pockets now compared to 3 months ago. In other news reports, it emerged today that Emmanual Macron is prepared to offer a compromise at the EU summit tomorrow in regards to the Irish border which could help to...
Busy week ahead for GBPEUR rates

Busy week ahead for GBPEUR rates

This week is vital for the GBPEUR exchange rate with some key news expected on Brexit. Expectations are that we might well see the pound rising higher but with plenty of uncertainty over just how viable any deal is, and many harder Brexiteers threatening to withdraw support, the pound could be in for a choppy week. GBPEUR levels have almost slipped below 1.13, as the market prices in the increasing possibility of a no-deal Brexit again. David Davis has been very vocal in threatening to...