GBP/EUR Brexit Special Parliament votes for extension, how will Pound to Euro exchange rates react?

GBP/EUR Brexit special: Parliament votes for extension, how will Pound to Euro exchange rates...

In another twist and turn in the Brexit debate, MP’s in the British parliament yesterday voted for a extension, in defiance of Boris Johnson’s pitch of ‘his deal or no-deal’. This forced Boris Johnson to seek the extension for the EU as per the terms of the Benn Act and Boris has written his letter to the EU. Sterling exchange rates to experience volatility this week Pound to euro exchange rates which had risen to their highest since May on the interbank rate of 1.1660, could...
How will the vote shape Pound to Euro exchange rates?

GBP/EUR Brexit Special : How will the vote shape Pound to Euro exchange rates?

Are you ready for Super Saturday? Pound to Euro exchange rates could be in for a time of increased volatility as we enter next week. This weekend special will follow events as they unfold with live updates tomorrow and Monday as to how GBP/EUR is reacting to the news. This weekend, the British parliament will sit on a Saturday for the first time since 1982 and debate the new Withdrawal Bill that Boris Johnson has negotiated with the EU. In a sign of the impending volatility Lloyds...
How will GBP/EUR react to the historic parliamentary vote?

Pound to Euro Outlook: How will GBP/EUR react to the historic parliamentary vote?

Parliament to vote on Brexit deal tomorrow This weekend is shaping up to be a crucial one for the pound to Euro exchange rate, as investors await the outcome of the British parliamentary vote on Boris Johnson's Brexit deal. The revised deal received backing from Europe and it is now over to parliament to decide whether or not it is acceptable. Keep in touch with the pound sterling forecast blog this weekend with live updates as the news unfolds. To discuss the latest news and any...
Pound vs euro rate hits 23-week high, as Brexit deal agreed

Pound vs euro rate hits 23-week high, as Brexit deal agreed

Sterling gains versus euro The pound to euro exchange rate stands at 1.1633 today at the time of writing, its strongest in over 23 weeks, or since May 8th 2019. By comparison, back on August 10th, British sterling vs the Eurozone’s common currency was as weak as 1.0646, so it’s since risen by +9.27%. As a result, when you transfer money to the Eurozone from the UK, you might get a higher euro total, compared to if you’d done so in the last 23 weeks. Boris...
EU summit to influence the Sterling to Euro rates this weekend

Pound to Euro exchange rate: Sterling trading around 1.156 on the interbank ahead of...

Pound to euro exchange rate hits 22-week high on hopes of Brexit deal The pound to euro exchange rate has touched 1.1585 in the last day, its highest in over 22 weeks. In part, the GBP has strengthened versus the EUR, because it looks increasingly possible that a Brexit deal may be reached as soon as today. However, sterling’s value versus the euro could be affected, because it’s thought that Northern Ireland’s Democratic Unionist Party (DUP) may object to the draft Brexit proposals, while there are...
Pound to Euro Forecast - Euro rate hits 21-week high, as Brexit deal possible

Pound to Euro Forecast: Euro rate hits 21-week high, as Brexit deal possible

The pound to euro interbank exchange rate has reached 1.1506 today, its strongest in 21 weeks, or since Wednesday 15th May. In part, this is because the EU’s Chief Brexit Negotiator, Michel Barnier, has told journalists today that a Brexit agreement this week is “difficult but possible.” This follows reports from UK and EU sources that there’s “cautious optimism” that a Brexit agreement can be reached in the next few days. However, London and Brussels will have to work quickly to reach a deal,...
Pound to Euro forecast Will Sterling make further gains against the Euro next week?

Pound to Euro forecast: Will Sterling make further gains against the Euro next week?

The pound to euro exchange rate stands at 1.1473 at the time of writing, having been as low as 1.1090 on Friday. This is sterling’s highest versus the common currency in nearly 4 months. This is because UK Prime Minister Boris Johnson and Irish Taoiseach Leo Varadkar had a surprisingly fruitful Brexit discussions on Thursday. This prompted EU Chief Brexit Negotiator, Michel Barnier, to recommend that negotiations enter the final “tunnel” phase, ahead of next Thursday 17th’s EU summit. Next week, on Tuesday UK labour...
Pound to Euro exchange rate Could Sterling make further gains against the Euro next week?

Pound to Euro exchange rate: GBP trading around 1.1335 on the interbank as Sterling...

Pound to Euro exchange rate spikes on positive Brexit news The pound to euro exchange rate has recovered with decent gains for the GBP vs EUR pair as Brexit continues to dominate the headlines this week. Rates for GBP/EUR have broken over 1.13 this morning. UK Prime Minister Boris Johnson met with Irish Taoiseach Leo Varadkar yesterday in a bid to try and find compromise over the contentious Irish backstop. The joint statement signalled no further progress has been made but “they agreed that they...
Pound to Euro outlook How will the Brexit and election shape GBPEUR rates?

Pound to Euro outlook: Sterling hits one month low versus euro as Brexit negotiations...

The pound to euro exchange rate has fallen by around -0.45% in the last day, to 1.11 today, close to a one-month low. In part, this is because the UK’s and EU’s Brexit talks have seemingly come to a halt. However, UK Prime Minister (PM) Boris Johnson is scheduled to meet his Irish counterpart, Taoiseach (PM) Leo Varadkar in Dublin today, to try and unlock the talks. In addition, Germany’s exports fell in August, according to official statistics today, further lifting the odds that the Eurozone’s...
Pound to Euro exchange rate remains flat as the markets await the next Brexit developments

Pound to Euro exchange rate remains flat as the markets await the next Brexit...

We're now just 23 days away from the UK's scheduled departure from the European Union, should the exit actually take place that is. At the moment the currency markets appear to be adopting a wait and see approach. The pound to euro exchange rate continues to gently slide with current interbank exchange rates sitting at 1.1142. Although the 31st is the expected date for the Brexit, it could be the 19th of this month that's more important and when we could see sterling exchange...