GBPEUR

Pound to Euro rates remain at lows The pound to euro exchange rate is making a small recovery this morning with interbank rates for GBP/EUR pushing above 1.0860 for the pair after sharp falls seen yesterday. This is despite reports that have emerged this morning that the EU has completed the vast majority of its no deal planning as it views a no deal Brexit a likely option. The Bank of England in its forecasts last year predicted rates below parity for GBP to EUR...

Pound continues to test lows against the Euro The pound to euro exchange rate has begun the week as it finished last week, which is under pressure and testing its recent lows. At the time of writing the pound to euro exchange rate is just above 1.09 which has remained a support level for the past week or so, but should the pound come under further pressure we could see the rate drop below this level. Increased chance of no-deal Brexit weighs on the Pound Since the...

GBP/EUR exchange rates continue to suffer due to Brexit Uncertainty The pound to euro rate has hit a 23 month low this week. This can largely attributed to the higher probability of a no deal. The more likely a no deal is the potential outcome of Brexit the weaker you would expect sterling to become. Boris will now have difficulty passing through any changes in legislation as the Conservatives lost to the Lib Dems in the Brecon and Radnorshire by-election. Boris now only has the majority by...

Pound weaker over Brexit uncertainty: GBP/EUR rate touch the 1.08's The pound to euro exchange rate has been falling since Friday when the interbank rate was over 1.12, we have seen it touch the 1.08’s and we are at the time of writing seeing 1.0978. The pound is weaker on the uncertainty over Brexit, with the pound losing value as investors sell the currency. Events on Brexit have been central to the performance of the pound since the EU vote in 2016, and the pound...

Pound to euro exchange rates have dropped to some of the lowest levels in 2-years as Brexit uncertainty over a no-deal threatens to undermine the value of the pound. Investors are avoiding and selling off the pound as the signals point to a no-deal Brexit. Possibility of no trade deal in place with the EU hampers Sterling The pound has been under real pressure because of the Brexit vote, this has been epitomised by the prospects of a no-deal, which has seen sterling drop in value....

Boris Johnson and his cabinet preparing for no deal Brexit The sensitivity of GBP/EUR levels to the latest news in the currency market was highlighted again today, with the news over the weekend that Boris Johnson appears ever ready for no-deal Brexit, adding to an increasingly uncertain mood for the pound. No amount of positive rhetoric from the new British PM appears to be calming investors nerves over the damage no-deal will do to the economy ahead. After rebounding against most currencies last week, the pound...

ECB monetary stimulus: Short term gains for the Pound vs Euro The pound hit its highest level to buy euros in a month earlier this week. However, the pound has started to fall against the euro once again. The European Central Bank suggested that its next move could be to either cut interest rates or re-introduce further Quantitative Easing. There was a small expectation that the ECB may have acted yesterday but the delay caused the euro to strengthen against the pound. UK Retail Sales data also...

Pound movement driven by Boris Johnson's election as Prime Minister The pound to euro exchange rate has made slight gains. Sterling has also moved against all major currencies in the past two days in what has been coined as the 'Boris Bounce'. Realistically nothing major has changed as of yet but this has bought a little political certainty for the UK and now investors at least know who is running the country for the time being at least. With MP's due to go on summer recess...

Later today, Boris Johnson will officially become the UK's new British Prime Minister. Yesterday, on the new of a Boris Premiership, the pound to euro exchange rate rose fractionally as the news came out, and we did then also see some further improvements for euro buyers, as the euro lost ground too. New Brexit plans proposed by Boris government to cause volatility for GBP/EUR exchange rates GBP/EUR rates are having a better week, as the certainty presented by having a new Prime Minister and concerns the ECB...

Boris Johnson wins Leadership contest to become next UK Prime Minister: How does this affect GBP/EUR rates? The pound to euro exchange rate has managed to improve following the news news that Boris Johnson has become the 77th British Prime Minister. After weeks of not knowing who will lead the country we have seen the pound make some gains vs the single currency. This has created some good short term opportunities for anyone looking to buy euros at the moment. However, I think the gains could...