GBPEUR

The pound euro exchange rate has been trading in a very tight range during the last two weeks as the markets appear to be adopting a wait and see approach. This weekend was the first time since March that pubs have reopened as well as hairdressers much to the excitement of many across the country. It appears the news was overall positive apart from the odd flare up according to police which comes as no surprise. With the UK economy now having overcome another...

Pound to euro surged 2 cents from Monday’s low to end the week just shy of 1.11 but the pound’s advances were once again halted by Brexit. The currency pair started the week at a fresh 3 month low after Boris Johnson confirmed in a telephone conversation to Polish prime minister Mateusz Morawiecki that the UK would accept a bare-bones Australia type deal. This immediately sent pound to euro lower as Australia does not have a Free Trade Agreement with the EU. Australia and...

Last week saw the pound sterling forecast rebound from the most recent lows, with a dip and rise against the Euro down to 1.09 on the interbank rate, and rising back to 1.11 interbank rates. On GBPUSD rates, we have seen a decline down to the 1.2256 mark, but then a rebound back over the 1.25 level too. This rise and fall can be linked to the mixed signals the market is getting on a range of issues to influence the pound. Uncertainty over what...

Sterling ends the week higher breaking over 1.11 for pound to euro and 1.2470 for pound to US dollar after an initial poor start to the week. Those looking to buy euros or dollars with pounds have seen a small improvement from one week ago creating a slightly better opportunity to buy these currencies. The first round of weekly "intensive" Brexit negotiations throughout July rounds off today and any soundbites from political leaders from the UK and EU could have significant impact on the price...

The pound sterling forecast has continued to rebound off some of the more recent lows rising to 1.1095 so far today on the GBPEUR interbank rate, and 1.2505 on the GBPUSD interbank rate. Such levels seemed very distant only a few days ago when fresh lows of 1.09 on GBPEUR and 1.2256 GBPUSD were confirming the fears and expectations that sterling was not performing well. Whether this recovery is the beginning of a fresh spike or a taking of profits by investors, following many weeks...

Pound to euro and pound to dollar rallied almost 0.5 percent during yesterday’s trading as month-end flows caused a rebalancing in the market. Fund managers typically look to rebalance their books at month-end, and this often leads to excessive movements in currency pairs. Pound to euro surged above 1.10 and pound to dollar above 1.23 on the interbank exchange, and both pairs have consolidated above those levels this morning. Sterling has been sold quite heavily over the past couple of weeks and yesterday saw some...

The sterling exchange rate has once again started falling against most major currencies, which has begged many to ask the question and to why the pound seems to be so out of fashion at present? If you look at the core principles surrounding currency strength there is an almost immediate answer, in my view a currency moves off of two key factors; economic performance and political stability. You could argue that acts of terror and acts of god also have an impact but not so...

The pound to euro and US dollar rate is once again under pressure, as global sentiment appears to be in decline and the risks of a second wave of Coronavirus appears to also be rising. This has caused the pound to euro to fall to its lowest level since the third of March and at the moment there is little to be optimistic about Sterling. The GBPEUR exchange rate has dropped below 1.10 on the Interbank level on Friday and has now touched the inverse rate...

Pound to euro slipped below 1.10 during Friday’s trading as Brexit uncertainty and the prospect of an L-shaped recovery weighed on the currency pair. Pound to euro had remained rangebound between 1.10-1.11 but as investors turned their focus to UK domestic issues, the pound slid. Whilst pound to euro only fell 0.5 percent over the week, the currency pair has now breached a key resistance level, which leaves the door open for another move lower. Brexit was always going to be an Achilles heel for...

The pound has finished another week testing lower points and on the back foot, as a continued range of uncertainties weigh on sentiment toward the pound sterling forecast. First and foremost, the lack of clarity surrounding Brexit and an underlying viewpoint that no-deal is a real possibility. And further, a continued deterioration in the global economic outlook as new cases and deaths at the hands of the Coronavirus sees spikes in the numbers, causing global confidence to falter. Sterling has been repeatedly labelled a ‘risky’...