EUR GBP Moves Higher Ahead of UK GDP Update

GBP EUR Slumps on Johnson’s Plan B Chatter

The GBP EUR exchange rate dropped 0.80% on Wednesday after Boris Johnson looked set to add further restrictions to the UK economy. Critics are saying it is a distraction from the government’s many scandals, but the reality is that the variant is mild, and the government are simply derailing the economy once again. Today will see GDP for the UK economy but analysts will look beyond the figures if further virus restrictions are forthcoming. The GBP EUR was trading at 1.1650 and is losing its...
GBP EUR Surges as UK Economy Beats Expectations

GBP EUR Higher Despite ZEW Economic Number

The GBP EUR exchange rate was higher by 0.10% on Tuesday despite a better-than-expected ZEW economic sentiment index from Germany. GDP numbers for the Eurozone were also better. Traders are taking the latest figures with a pinch of salt due to the recent lockdowns and restrictions. The GBP EUR was trading at 1.1765 and will have UK GDP for the last three months released tomorrow. ZEW sentiment and third quarter GDP beat estimates The German ZEW headline numbers for December have shown economic sentiment unexpectedly improving to...
GBP EUR Consolidates Ahead of Key Economic Data

GBP EUR Higher with UK Construction Figures

The GBP EUR exchange rate was higher by 0.45% on Monday after a boost from the UK construction sector. Indicators were at their highest level in four months for UK builders. In Europe, factory orders in Germany were also lower. The GBP EUR was trading at 1.1750 on Monday with ZEW economic sentiment figures ahead for Germany today. UK construction boosts sterling with shortages easing up Growth in the UK’s construction industry was seen at its fastest pace in four months in November, after shortages in materials...
GBP EUR Exchange Rate: Weekly Review January 15th  

GBP EUR Exchange Rate: The Week Ahead December 5th

The GBP EUR exchange rate was lower last week after inflation was seen to be soaring in the Eurozone. That led to traders expecting that the European Central Bank will not be as far behind the UK on interest rates as was previously expected. The week ahead will see ZEW sentiment from Germany, alongside the latest UK GDP estimate for October. The GBP to EUR was trading at 1.1760 ahead of the weekend. OECD sees UK outperforming G7, Goldman Sachs expects rate hike The Organisation for Economic...
GBP EUR Exchange Rate: Weekly Review December 4th

GBP EUR Exchange Rate: Weekly Review December 4th

The GBP EUR exchange rate was lower for a second week after German employment and European inflation added to bullish euro positions. The pound sterling couldn’t recover from the variant-led sell-off or the previous week. Goldman Sachs has predicted a December rate rise by the Bank of England, but they were wrong about November. The GBP v EUR was trading around the 1.1760 level heading into the weekend. European inflation heaps pressure on ECB, bank remains stubborn The week started with German inflation on Monday and that...
GBP EUR Higher but Euro Still in Charge

GBP EUR Higher but Euro Still in Charge

The GBP EUR exchange rate was higher by 0.13% on Wednesday but the recent trend has been euro strength and that could continue. Traders are winding back bets that the Bank of England will hike interest rates at the December meeting. The OECD still sees the UK outperforming the G7 next year. Europe’s inflation came in at a 24-yr high and traders will also be considering the ECB’s plans. The GBP EUR was trading at 1.1741 with support at the 1.1650 level. OECD sees UK outperforming...
GBP EUR Exchange Rate Hits New High for the Year

GBP EUR Slumps After German Employment Figures

The GBP EUR exchange rate was lower by -0.44% on Tuesday after the latest German employment figures. Unemployment came in lower than analysts’ expectations with the unemployment rate moving to 5.3%. A UK health chief has called on UK citizens to avoid socialising as the fear of a variant continues. The GBP EUR was trading at 1.1735 as the pound sterling loses further ground. German unemployment beats analyst forecasts German unemployment claims fell more than expected in November, the Federal Employment Agency said on Tuesday. Jobless claims fell...
GBP EUR Pulls Back from 1.2000 Test Before Data

GBP EUR Rattled by Latest Virus Emergence

The GBP EUR exchange rate dropped over 100 pips on Friday as markets panicked over the potential for a new coronavirus variant. For the GBP v EUR that could slow the potential for a UK interest rate hike. The GBP EUR will start the week at 1.1778 with German inflation ahead. The latest price index is expected to hit 5% but the country is heading for further restrictions and traders will look beyond it. UK ‘panicking unnecessarily’ over latest coronavirus strain The doctor who discovered the latest...
GBP EUR Exchange Rate: The Week Ahead January 16th

GBP EUR Exchange Rate: The Week Ahead November 28th

The GBP EUR exchange rate was lower on the week as traders reacted to cautious BoE policymaker speeches. There are still doubts over a December rate hike and it’s possible that the central bank will try to play chicken with inflation. The other possibility is that central banks are seeing the potential for further lockdowns and the deflationary effects it would bring. The GBP to EUR rate was trading around the 1.1885 level ahead of the weekend after staring above 1.1900 and will need a...
GBP EUR Surges as UK Economy Beats Expectations

GBP EUR Exchange Rate: Week in Review November 27th

The GBP to EUR exchange rate was slightly lower on the week as traders hesitate over the potential for a Bank of England rate hike. German data towards the weekend was uninspiring and once again, traders are looking beyond the data towards the next wave of restrictions. The GBP EUR started the week above the 1.1900 level and was looking for a catalyst towards the weekend to hold that level. Bank of England remain defensive over interest rate hike Bank of England policymakers have refused to give...