GBP/EUR exchange rates remain flat so far this week

EU Summit set to dominate Pound Sterling Euro exchange rates next week

Sterling exchange rates have just started to fall from their recent 3 month high against the Euro after hitting the higher end of the 1.14 level on the Interbank level. EU Summit to affect GBP/EUR rates The next big event which is likely to cause a huge amount of volatility will come towards the end of next week with the EU summit, due on October 17th-18th. The focus will clearly be on the latest Brexit developments and earlier this week it appeared as if things are getting...

Pound hits 3 month high vs the Euro but how long will it last?

The Pound has fallen marginally against the Euro during today's trading session after hitting the best rate to buy Euros in 3 months. Part of the reason for Sterling's gains during the last few days has been because the tone surrounding Brexit has started to soften recently and it appears as though a deal could be struck between the UK and the European Union in the next few weeks. EU Brexit Negotiator Michel Barnier has spoken about the subject and hinted that a deal is getting...
Pound exchange rates up following positive Brexit news

Sterling on the up but is the current trend sustainable?

Sterling has moved to a 3 month high against the EUR, hitting 1.1463 at this morning’s high. This positive spike is being facilitated by a potential breakthrough in Brexit negotiations, with numerous reports citing a prospective agreement over the Irish border. This, as our regular readers will know, was one of the most contentious issues in the on-going talks between the UK and the EU. This particular red herring had the potential to completely destabilise talks and as UK Prime Minister Theresa May pointed out in...
Could a Brexit deal be finalised on the 21st of November?

Will GBPEUR levels rise or fall in the weeks ahead?

The pound to euro exchange rate is very volatile once again as Brexit developments take shape and investors begin to take stock of the latest developments in Italy. The GBPEUR rate is now very much at the mercy of these important international events. Clients with any GBPEUR position buying or selling, should be aware of the latest news. It seems that market confidence in a Brexit deal being reached is increasing, which should in turn lend support to the pound as investor's worries about a...
Brexit deal getting closer and the impact on the Pound vs Euro

The Pound Climbs Higher as Brexit Negotiations Continue

The pound has rallied higher over the last week with rates pushing towards 1.14 for the GBP EUR pair. The pound has found a degree of support after the Conservative party conference ended up better for the Prime Minister than many had expected. As the Brexit negotiations intensify over these coming weeks the pound is likely to see a very volatile period ahead. Focus now on the EU Summit The markets now focus on the next EU summit in October where agreement must be made in...
Sterling Euro rates hits 3 month high as Irish Border issue progresses

Sterling euro rates hits 3 month high as Irish Border issue progresses

The pound vs the euro is now trading at its best level to buy euros since early July as the Irish border talks appears to be going well behind the scenes. This particular issue has been a big sticking point for the UK economy and at the recent talks a couple of weeks ago in Salzburg, the talks ended in a stalemate with the Chequers plan having been rejected by the European Union with no other alternatives being offered at the time. However, in recent days...
Pound Vs Canadian Dollar – When to trade

GBP/EUR Forecast – Are the UK & EU Getting Closer to an Agreement over...

The pound has seen its value increase slightly against EUR over the past couple of days, hitting a high of 1.1293 this morning. This improvement is somewhat surprising, as there was a feeling that we could see the pound's value slip in line with the Conservative Party Conference which finished yesterday. Whilst there were jibes directed at Prime Minister Theresa May, her closing speech yesterday was generally well received. She remained bullish in her quest to achieve the “best deal possible” for the UK. It was...
Tory resignations and the impact on the Pound to Canadian Dollar forecast

PM May speech at 10am, what will happen to GBPEUR rates?

Today could be a busy day for GBPEUR exchange rates with Mrs May giving her Conservative Party Conference speech at 10am. This speech will detail some of Mrs May's plans for Brexit and could provide some real insight into what we can expect for Sterling rates moving forward. Mrs May is still keenly defending her Brexit plans, enshrined in the Chequers texts. Boris Johnson attracted lots of attention yesterday dismissing Theresa May's Brexit plans and providing the market with reasons for uncertainty. In a speech...
Pound to Euro rates - will GBP/EUR test the 1.15 level?

GBP EUR Rates – Chequers Deal or Canada Deal?

The Pound looks set for a volatile few weeks as the Conservative Party Conference draws to a close. British politics continues to be the main driver for Sterling exchange rates and these next couple of months will be imperative for the future direction of GBP EUR rates. Theresa May will be speaking at the Party Conference this morning where she will try and reunite the Party behind her Chequers proposal. Also speaking today will be Boris Johnson, who will be pushing his alternative vision of...
Could GBP/EUR breach 1.13 this week?

Could GBP/EUR breach 1.13 this week?

The pound to euro exchange rate has struggled to exceed 1.13 in recent weeks, with 1.1301 being the high point of the markets over the past 6-weeks demonstrating the resistance for the pair. This week could prove busy for the pound, mostly owing to the large amount of economic data due out that could influence the pound's value. Tomorrow there will be Construction PMI figures released, and I expect the markets to follow this release closely as they are forward looking as opposed to backward...