GBP/EUR Exchange Rate: Sterling in Freefall as the UK Announces Further Support Package

GBP/EUR Exchange Rate: Sterling in Freefall as the UK Announces Further Support Package

The pound has entered the mid-week vulnerable after enduring a further volatile 24 hours and based on the overwhelming mood in global financial markets, with GBP on course to test lows that many had feared only a ‘hard’ Brexit would have delivered. Meanwhile, for the euro, it took a turn for the worst on Tuesday as the latest ZEW surveys for Germany came in well below expectations. The outlook for both EUR and GBP looks to be set by the direction which each party...
Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey Hitting Record Lows

Pound to Euro Exchange Rate: Sterling Sinks Against the Euro Despite German ZEW Survey...

The pound to euro (GBP/EUR) exchange rate saw a shake-up yesterday as the German ZEW survey was released. The report showed that the German survey hit record lows as the country received tips for an incoming recession in the first half of 2020. The euro has performed well recently mainly owing to the repatriation of euros from liquidated investor stock capital. But the tide appears to be turning for the single currency as the impact of the coronavirus looks to invade the once protected...
Pound to Euro Outlook: Quantitative Easing Knocking at the Door of Bank of England, GBP Sinks

Pound to Euro Outlook: Quantitative Easing Knocking at the Door of Bank of England,...

Pound Sterling has endured further losses against the euro this morning, alongside many other major currencies following the rising expectations that the Bank of England (BoE) is likely to introduce a scheme of new quantitative easing (QE) methods to help support the UK financial system in the near-term. Should this be the case for sterling, markets are expecting a drop in GBP as QE methods were introduced back in the 2008 crisis which resulted in a huge slump in the British currency. Expectations for...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Heading into the second trading day of the week, the euro continues to edge over the British pound, in a trading pair which looks only likely to continue its current trend in the weeks or to come. GBP traders have become increasingly frustrated with the sterling’s performance of late, being unable to catch a break against the rapidly climbing euro, with the spot pound to euro exchange rate dipping below 1.10 on Monday amidst the ongoing coronavirus-linked market decline. The coronavirus is at the...
GBP to EUR Outlook: Sterling Rallies Over 1.12 Against the Euro, What Could Happen to Exchange Rates Ahead?

Pound to Euro Forecast: Volatility Expected for GBP/EUR as Coronavirus Ramps Up Pressure in...

The coronavirus has taken no prisoners in its global spread from its epicentre in Wuhan, China. Europe is one of the most affected areas outside of China, with Italy, Spain, Denmark and Norway amongst others going into lockdown in an attempt to contain the virus. The pound to euro exchange rate closed its worst week since October 2016 at the end of last week following a 4% loss, but it faces volatility as the severity of the spread of COVID-19 is set to increase...
Pound to Euro Forecast: Will the Coronavirus Further Influence GBP/EUR Rates Ahead?

GBP to EUR Forecast: What Could Happen to Pound to Euro Rates Next Week?

In a trading market which is dominated by the global news surrounded by the coronavirus, investors still turn to economic releases for pointers towards the economic performances of countries affected by the virus. The upcoming week is set to see the release of a number of significant reports for both the Eurozone and the UK economies. Consumer sentiment surveys, labour data and unemployment figures all top the list of releases. Any shifts in these figures will likely see swings in the GBP/EUR exchange rates...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Pound to Euro Rate: Boris Johnson Moves UK to ‘Delay’ Phase, How Has This...

Since the end of 2019, the coronavirus has plagued the headlines. The global threat has played havoc with the global stock markets, workforces and the health of thousands across the world. The UK Prime Minister announced on Thursday that the UK has now decided to shift into the ‘delay’ phase of the coronavirus containment efforts. Therefore, investors are concerned how this decision may affect GBP as the UK attempts to negotiate trade deals, alongside a war against a pandemic-level disease. GBP Likely to Shift Lower...
Pound to Euro Forecast: GBP Threatened by Stock Market Sell-off and Coronavirus, Down Versus Euro

Pound to Euro Forecast: GBP Threatened by Stock Market Sell-off and Coronavirus, Down Versus...

Heading into the last trading day of the week, the pound sterling is down against the euro with current GBP/EUR interbank exchange rates currently at 1.1235, at the time time for writing. Global stock markets are in free-fall once again and GBP is finding itself in a stranglehold against a number of major currencies in the current market environment. The pound is seeing a sell-off versus the euro owing to outflows of capital from the UK, which has come about following the global deterioration...
Italian Quarantine to Weigh on EUR as BoE Announces 50bps Rate Slash

Pound to Euro Exchange Rate: Italian Quarantine to Weigh on EUR as BoE Announces...

The pound to euro exchange rates held steady on Tuesday, with the pairing trading at around €1.148 following the Eurozone’s growth report for the fourth quarter which was announced at 10:00 GMT yesterday. The GDP report showed that the figures had beat predictions and rose from 0.9% to 1% in the year-on-year figure. However, the euros performance has been held back by growing concerns for the bloc’s economy amid the Italian quarantine following the nation’s coronavirus outbreak. EUR investors are also concerned about the...
Pound to Euro Exchange Rate Tops 1.12 This Morning

Pound to Euro Exchange Rate: GBP Remains Weak Versus Euro as Virus Fears Shake...

The pound remained weak versus the euro on the first day of trading yesterday, as concerns over the coronavirus continued to shake the foundations of the global economy. Traders looking to buy with GBP have received mixed signals at the start of the week as EUR stays on top but USD falls against GBP. Yesterday morning saw the pound Sterling fall 0.34% against the euro to 1.1456. Meanwhile, for the UK, the FTSE 100 plunged 8.5% which is the lowest level since 2016. This...