GBPEUR

Sterling exchange rates took a huge knock over the course of trading last week, losing significant ground against most major currencies with a large decline over the course of the trading week. The GBPEUR lost over 4 cents and GBPUSD over 5 cents during the trading week, touching 1.07 and 1.27 as an interbank rate of exchange against the two currencies respectively. Much of the losses were put down to Brexit concerns, and Sterling made huge losses as the week continued due to an increased...

Thursday was a torrid day for Sterling exchange rates as the currency was sold off in dramatic fashion, especially in the afternoon owing to some Brexit related updates. Cable, the name for the pound to US dollar pairing fell as low as 1.2780 which is the lowest level the pair have traded at since July. Interestingly this change in fortune for the pound comes less than week after the pair hit a 9-month high when GBPUSD traded over 1.33 so this demonstrates the how...

Over the course of the trading week, the pound has lost ground against all major currencies, with GBPEUR dropping below 1.10, 1.30 on GBPUSD and below 1.80 for GBPAUD as an interbank exchange rate. It does appear that the main reason behind this sterling weakness is the comments made by Prime Minister Boris Johnson on the weekend which were effectively drawing a line in the sand for when he expects an agreement on a trade deal between the U.K and the EU. The magic date this...

Pound to euro continued its decline falling 1 percent during yesterday’s trading to 1.1027. The currency pair has now lost more than 2 percent since last week’s 10-week high of 1.1279. Pound to US dollar saw an even steeper decline losing close to 1.5 percent and is now nearly 3 percent lower than the recent 9-month high of 1.3471. The pound’s sell-off continued as market fears over a no-deal Brexit increase and global stock markets fell. Stock markets were beginning to look very inflated so...

Having enjoyed considerable gains across the board against it’s major currency parts on the back of softening support for the US dollar throughout last week’s trading, the pound has seen it’s position reverse as another twist in the Brexit saga hit the headlines during yesterday’s trading. The markets were arguably already bracing themselves ahead of fresh talks between the UK and the EU being held in London this week. This was reflected in the pricing of the pound on the international stage, with sterling...

The pound to euro exchange rate fell further on Friday despite trading in a narrow range following the sharp fall in GBP value seen on Thursday. Those looking to buy euros have recently been presented with a small window of opportunity after a sustained period of little market movement for the GBP/EUR pair. Fears of a No-Deal Brexit Causes Pound Sterling to Lose Value The Brexit trade negotiations resume this week into the eighth round of formal talks following little to no progress in recent weeks....

The GBPEUR exchange rate has continued to hold on to its recent gains despite growing tensions in the ongoing Brexit negotiations. Rates for GBPEUR hit a high of 1.1278 yesterday before falling 0.5% but the pound remains elevated and has presented some better opportunities for buying Euros. The UK has experienced better Purchasing Managers Index data for the manufacturing and services sectors which has improved the economic outlook. The government initiative of discounted meals in restaurants during the first half of the week has...

Sterling exchange rates have continued to climb steadily this week, as positive sentiment surrounding the UK continues to increase despite a potentially key end to the year for the UK moving forward. The headline grabber is likely to be the 9-month high for cable, which is a reference to the GBPUSD exchange rate. This has taken place as the pound is climbing across the board of major currency pairs whereas the US dollar has been weakening, hence the steep upward movements for GBPUSD in...

After gaining more than 1 percent last week, pound to euro remained flat during yesterday’s UK Bank Holiday. The pound to euro exchange rate moved less than 0.15 percent as it maintained its break above 1.12, a 10-week high. Pound to US dollar remained equally subdued with less than a 0.2 percent change on the day but edging marginally higher to 1.3374. With the UK closed and a lack of economic data elsewhere there was little cause for fluctuation. The pound’s gains were largely...

The pound has arguably its most important relationship against the US dollar, since the US dollar is the most heavily traded currency in the world. Therefore, any big movements on the US dollar are a key factor in driving sterling movements. The weakness from the US dollar stems from the latest decision by the US Federal Reserve bank in the United States that they wish to look at adjusting their inflation targets. By allowing inflation rise higher than the usual 2% band within which the...