GBP EUR Exchange Rate: The Week Ahead October 31st

GBP EUR Exchange Rate: The Week Ahead October 31st

The GBP EUR exchange rate tumbled from the new yearly highs set this week at 1.1900 and all eyes will now be on Thursday’s Bank of England interest rate decision. Traders and analysts are expecting a potential rate hike at the meeting to deal with the inflationary surge. The ECB took a more dovish tone by saying that they believed inflation was transitory. The GBP to EUR rate was heading for the weekend around the 1.1800 level which has governed price action all year. European central...
Pound to Dollar Rate Drops to One-month Low

GBP to EUR Exchange Rate: What Effect Has the Coronavirus Had on Pound to...

With the global focus remaining on the coronavirus outbreak, it is worth noting what the UK and European central banks have done to combat the onslaught of the COVID-19 pandemic. With the disease knocking the world since its step-up from a few cases in China to every continent in the world now experiencing some form of outbreak, pressure has mounted on central banks across the globe to prepare and introduce measures which will offset the damage caused by the worldwide interruption as workers lose...
GBP EUR Drops After GDP Misses BoE’s 5% Target

Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey...

The pound to euro (GBP/EUR) exchange rate saw a shake-up yesterday as the German ZEW survey was released. The report showed that the German survey hit record lows as the country received tips for an incoming recession in the first half of 2020. The euro has performed well recently mainly owing to the repatriation of euros from liquidated investor stock capital. But the tide appears to be turning for the single currency as the impact of the coronavirus looks to invade the once protected...
GBP EUR Exchange Rate: The Week Ahead October 31st

GBP to EUR Higher as UK Inflation Picks Up

The GBP to EUR exchange rate was higher on Wednesday after the latest inflation release showed a tick higher in fuel and food prices. The Eurozone inflation number will be out later this morning and this could give the market some direction. GBPEUR was trading slightly higher around the 1.1250 level and tomorrow will also bring a rate decision from the ECB.  UK inflation Comes in Higher Than Expected The UK inflation numbers for December came in higher as expected with a 1.4% reading in core inflation,...
GBP EUR Higher Ahead of PMI Business Activity

Why is the Pound to Euro Rate Falling? Will it Continue?

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that employment was at a...
GBP EUR Rallies Back to 1.1800 After House Price Boost

GBP EUR Rallies Back to 1.1800 After House Price Boost

The GBP EUR exchange rate was higher by 0.27% after UK house prices came in stronger than expected. That was enough to lift the pound sterling from its recent lows. Traders had feared a peak in prices after other housing-related data had slowed. The UK services PMI also jumped in the final figures alongside stagnant employment from the EU, Spain and Italy. The GBP to EUR was trading at 1.1788 after recent lows near 1.1740. UK services sector shows strength, but inflation is a threat The UK...
GBP EUR Slumps on European Data and ECB Comments

GBP EUR Slumps on European Data and ECB Comments

The GBP EUR exchange rate was lower by -0.40% on Thursday after German unemployment was better-than-expected. Christine Lagarde is clinging to the ‘transitory’ tag on inflation despite soaring inflation in the region. The GBP to EUR was trading at 1.1798 after surrendering new yearly highs at 1.1900 this week. ECB remains stubborn on ‘inflation, inflation, inflation’ The head of the European Central Bank denied today that market bets of runaway inflation would force an interest rate rise as early as next year, reaffirming its stance that price...
GBP EUR Starts the Week with 1.1800 Test

GBP to EUR Awaits Inflation After Strong Week

The GBP to EUR rate closed the week at 1.2790 marking the highest close weekly close since May. The pound was able to shrug off weak GDP figures and the pair will now await inflation figures in the week ahead for both the UK and Europe. GBPEUR has attempted to get above the current price level four times since June so a move higher will likely open up a new trend with the 1.1500 level ahead. Inflation Data Will Guide in the Week Ahead The week ahead...
Pound to Dollar: Pound Slides as Brexit Talks Flounder Over Fishing

Pound to Euro Rate Slumps After Johnson’s Warning

The pound to euro rate fell during trading on Thursday afternoon after Prime Minister Boris Johnson said there was a, “strong possibility” that talks would fail. The GBP to EUR rate has slumped to close below the 1.1000 figure for the first time in six weeks and there is a risk of further losses as we enter a weekend with little optimism of an agreement. The euro was also boosted by the latest European Central Bank (ECB) meeting where the central bank held back from...
Pound Sterling Exchange Rates Drop as No Deal Brexit Chances Heighten

Pound Sterling Exchange Rates Drop as No Deal Brexit Chances Heighten

GBP has had a bad start to the trading week against all major currencies, with pound to euro exchange rates hitting a 2 ½ month low and the pound having also dropped at least 1% against all other major currencies at the time of writing. It does feel that sentiment has turned in the favour of no deal Brexit and there were various reports this morning suggesting that UK Prime Minister Boris Johnson was ready to walk away from the trade talks and push on...