GBPEUR

Pound to Euro Rates and What to Expect in January The pound to euro exchange rate has been stuck in a tight range recently and trading just above 1.17 at the time of writing this morning. The pound to euro hit its best level in over three years, immediately after the election result. However, since then the pound has fallen after it was announced that Boris Johnson wants to carry out his plans to move things forward with Brexit before the end of 2020. The markets...

The pound to euro rate entered 2020 on a rather uncertain footing, as the market struggled to fully understand what lies ahead with Brexit negotiations. The UK will leave the EU at the end of the January and enter into the transitional phase which may then open the door to fresh uncertainties relating to the future relationship between the EU and the UK. With the market being forced to continue to price in the potential for a no-deal exit, which has historically seen the...

Sterling has been very up and down in 2020 (granted, we’re only three days in). The pound rallied by just over 1% late on the last day of 2019- its biggest rise since 13th December, when Boris Johnson’s majority in Parliament was confirmed. However, after reporting good news yesterday for sterling, throughout the course of the day it dropped .6% of its value against the dollar. At the time of writing, sterling is 1.31021 against the dollar and 1.17541 against the euro. 2019 Saw...

The pound to euro exchange rate stands at 1.1740 today on the interbank exchange. This is around 0.94% below sterling’s recent near two-week high versus the Eurozone’s common currency, reached on January 1st 2020, at 1.1851. The GBP to EUR interbank exchange rate has weakened recently, because the financial markets are increasingly concerned about the outcome of future UK/EU trade negotiations this year. This is because, first, Prime Minister (PM) Boris Johnson has set an 11-month deadline to finalise these talks, up to December 31st...

The euro has rallied as the USD’s strength has weakened over the past week or two. The USD slid to a six-month low on New Years Eve which set up the euro and other trade-sensitive currencies to edge up against it. Investors are also increasingly optimistic about the global growth prospects for 2020 as US-China trade relations appear to be improving and the ‘phase one’ deal is set to be signed at the end of the week. Stabilisation in the Eurozone Helps Lift Euro Economists are...

The pound has had a good start to 2020 as it seems poised for further gains, particularly against the euro. This is despite a drop over the Christmas period, and at the time of writing, it is at 1.1794. It did reach 1.20 ahead of Boris Johnson’s large majority in the December election, and grew a whopping 5% in 2019. Over the next month, we could see the pound react more to the publication of economic data, as well as reactions to Brexit developments. Sterling...

A few months ago many would not have believed that the Euro is ending 2019 with the upper hand. Despite sharp declines in the Eurozone, especially in the German economy, the Euro has managed to reverse the damage and looks to be on the mend going into 2020. Economists are suggesting that the Euro has set itself up for a better performance as we head into the New Year. Strong Showing for the Euro in Monday’s Markets Yesterday was a strong day for the Euro as...

As the new year approaches, analysts have begun to give their forecasts for 2020. For the Euro, an emphasis is being placed on the German economy. This makes sense as the German economy is the largest in the Eurozone. Markets are hoping that recent forecasts for the German inflation figures to rise in the new year will come through and help bolster the Euro against its rivals. Euro Exchanges Rates Look Towards German Retail Sales Figures Growth The Euro investors are hoping that the currency can...

The pound to euro rate wasn’t full of festive cheer after it fell to a four-week low on Monday. The pair experienced a surge in value in the immediate aftermath of the general election. However, optimism inspired by the Conservative’s huge majority, and subsequent mandate to “get Brexit done”, has since subsided. This has been replaced by fresh concerns that the UK could be on course for a no-deal Brexit, following the government’s decision to make it illegal to request an extension to EU...

The Euro remained mostly flat throughout the festive period, particularly at the start of the week. It led flat against both the USD and GBP with markets taking a day or two off around Christmas and Boxing Day. News from the German economy helped to bring some optimism towards the Euro whilst energy prices did little to support it. Yet despite this, gains were still made against the Pound Sterling as a three-week high was reached at the start of the week. Positive Negative News...