Euro Drops to Four-Month Low on Disappointing German Data as GBP Suffers From MiFID Tightening

Euro Drops to Four-Month Low on Disappointing German Data as GBP Suffers From MiFID...

Euro Falls on Poor German Economic Data GBP Breaks Down Against Euro Following MiFID Headlines The Euro dropped to its lowest level since October this morning following German industrial output for December recording its largest decline in a decade. The German economy is the powerhouse of the Eurozone, and thus any declines within it has a knock-on effect to the Euro as a whole. Meanwhile, GBP has continued to suffer after the EU vowed to revise the regulations of the MiFID. The MiFID regulations...
MiFID Crackdown Sees GBP Tumble, as Strong USD Weighs on Euro

Pound to Euro Exchange Rate: MiFID Crackdown Sees GBP Tumble, as Strong USD Weighs...

MiFID Crackdown Could See GBP Fall Further as UK Business in Europe Could Struggle USD Strength Overcomes Both Pound Sterling and Euro The EU looks to crackdown on the UK following headlines suggesting that it would seek to impose tougher financial regulations on the City of London in the upcoming trade negotiations. As a result, GBP has tumbled as this could further complicate UK financial firms’ access to do business in Europe. The EU has noted that European financial regulators would look to toughen...
Euro Could Sink Against Us Dollar as ECB Tipped for an Interest Rate Cut

Johnson and Lagarde to Influence Pound Euro Exchange Rates

How Will the Brexit Talks Go This Year? European Central Bank President to Speak Today How Will the Brexit Talks Go This Year? Since the election the pound euro rate has been trading within a range of three cents. The Tories won with a majority of 80. This has led to the government's position becoming a lot stronger particularly when moving Brexit forward. Boris Johnson has promised to 'get Brexit done' and since last Friday the UK is now in its transitional period. The plan is to...
Was the Pound’s Sell-Off “Overdone”?

Pound to Euro Exchange Rate Rises: Was the Pound’s Sell-Off “Overdone”?

As trading hits midweek, the pound has begun to rise off the back of a major sell-off which was witnessed on Monday. The sell-off came after headlines arose over the weekend that highlighted UK Prime Minister Boris Johnson would settle for an Australia-style trade deal if he was unable to secure a free-trade deal like that of Canada’s arrangement with the EU. The difference between the two types of deals is significant as the Canadian deal would favour GBP much more than the Australian-type...
Will the Pound Lose Further Value Against the Euro?

Pound to Euro Outlook: Will the Pound Lose Further Value Against the Euro?

Pound to Euro rates lost further value today, hitting a 2-week low of 1.1712 on the interbank rate of exchange. The currency market has been reminding us how unpredictable and volatile it can be, with sterling losing 1.5% on Monday against the US dollar and 1.32% against the Euro. The outlook looks set to be dominated by the prospect of the UK’s future trading relationship with not just the EU, but also the rest of the world. Sterling has been weaker on the uncertainty...
Construction PMI Beats Predictions But is it Enough to Rally GBP?

Pound to Euro Exchange Rate: Construction PMI Beats Predictions But is it Enough to...

The pound to euro exchange rate dropped to fresh lows of 1.1729 earlier this morning as the uncertainty surrounding GBP’s outlook continued. The UK’s main driver in the market this month will be the ongoing Brexit negotiation talks. UK PM Boris Johnson laid out his agenda yesterday and suggested that the UK is aiming for a similar deal to that of Canada or Australia. Concerns regarding a no-deal Brexit have faltered the pound in the past few days as investors worry that the UK...
Will GBPEUR Exchange Rates Fall Lower?

Pound to Euro Outlook: Will GBPEUR Exchange Rates Fall Lower?

The pound to Euro interbank dropped to fresh lows today of 1.1729 as the uncertain mood from yesterday continued to influence the pound. With Boris Johnson setting an agenda focussed on forging a new type of trading relationship with not just the EU, but also the wider world. Boris is avoiding being pigeon holed in a specific ‘no-deal or deal’ type of scenario, preferring to frame the choice between a Canada style deal, or an Australian type deal. Investors are concerned that with the...
Sterling Declines Ahead of EU-UK Trade Negotiations

Pound to Euro Exchange Rate: Sterling Declines Ahead of EU-UK Trade Negotiations

As the new trading week gets underway, GBP trades lower as the EU-UK trade negotiations get underway. Last week saw the pound rise against the euro after last week’s Bank of England (BoE) interest rate decision. The Bank of England announced that the cash rate would be kept at 0.75%. Investors panicked before the decision was made which saw GBP drop, but the positive news helped the pound restore its strength and then some. But as the trade talks begin, the pound has dropped...
What Topics Could Impact the Pound Next

Pound to Euro Exchange Rate Remains North of 1.18, What Topics Could Impact the...

Sterling exchange rates have managed to hold onto much of the gains made back in December when the Conservative Party won a majority at the general election. Since then GBPEUR has mostly remained between 1.16 to 1.18 which a few exceptions, once of those coming last week when the Bank of England voted in favour of keeping interest rates on hold when many in the financial markets were expecting a rate cut. Usually the outcome of an interest rate decision is widely expected but in...
Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

Pound to Euro Exchange Rate Outlook: What Could Move GBPEUR Rates This Week?

The pound to euro exchange rate finished last week in a strong position, finishing the week above 1.19 on the interbank rate of exchange. The pound benefitted from the lack of any interest rate cuts by the Bank of England at their latest interest rate decision meeting. Sterling also appeared to find some favour as the UK left the EU Friday night, as it underscored that yes, Brexit is happening and removed some of the uncertainty. The euro also lost some ground on Friday as...