GBPEUR

Pound to euro exchange rates have moved higher this morning reaching 1.1465 at its highest on the interbank exchange as Prime Minister Boris Johnson addressed the UK yesterday evening with a pre-recorded message about the changes to the UK coronavirus lockdown. Little information was provided so all eyes will be on parliament today when it will be providing further guidance as to the new measures as well as answering questions from the public. The questions will start at 3:30pm with MP's asking questions first, questions from...

Sterling’s recovery from its Thursday low of 1.2266 saw the GBP to USD exchange rate accelerate beyond 1.2400 during Friday’s trading and at one point reaching beyond 1.2450. The market’s risk-on mood saw investors move away from the safe-haven US dollar, allowing the pound to recover the near 2 percent loss it had made earlier in the week. The pound had incurred a difficult week as coronavirus, negative economic data, and Brexit uncertainty all weighed heavily on the UK currency. However, investors are encouraged by...

Last week, the pound has ended the trading week slightly down against most major currencies, with interbank levels currently sitting in the 1.14s for GBP/EUR, the 1.23s for GBP/USD, the 1.72s for GBP/CAD and having just slipped into the 1.89s for GBP/AUD to name a few examples. Boris Johnson's to Announce His Lockdown Strategy With the country and financial markets eagerly awaiting Boris Johnson’s lockdown strategy announcements due out this evening, this could pose quite a volatile start to the trading day on Monday. For those...

The pound endured a bit of a mixed week rising higher and lower against the euro, US dollar and other currencies as sentiment towards the UK continued to be mixed. On the one hand there is the overall uncertainty of the Coronavirus, with the UK clearly one of the worst affected countries with over 200,000 cases and 30,00 deaths, truly awful numbers. However, given this backdrop, there are big steps being taken with the number of tests rapidly increasing and the UK government and central...

The Bank of England has left its interest rate unchanged at 0.1 per cent and maintained its quantitative easing programme at £645 billion at this morning’s scheduled monetary policy meeting. The pound is currently 0.25 per cent up on the day against the euro and US dollar, with the pound to euro rate trading at 1.1450 and GBPUSD at 1.2360. Two members of the bank’s Monetary Policy Committee, Jonathan Haskel and Michael Saunders, voted to expand the current £645 billion quantitative easing programme and Governor...

The pound continues to trade in a narrower trading range against most of the major currencies as the markets continue to digest the impact of COVID-19 and crucially when normality will return. Despite weaker data from yesterday the pound to euro rate still managed to make some gains. Interbank exchange rates for GBPEUR currently sit at 1.1480 and pound to US dollar at 1.2430. Whilst Boris Johnson had been expected to announce new easing for measures tomorrow at the daily conference, it is expected...

The UK is enjoying a shorter working week because of VE Day on Friday, with the typical May Bank Holiday being changed to accommodate the 75-year anniversary of the end of the Second world war. Some of the key topics to consider this week are the Services data today, the Bank of England interest rate decision 7 am on Thursday and the update on the UK’s lockdown status by PM Boris Johnson on Thursday and again on Sunday. The pound has been finding itself more...

Since the 23rd March the UK has been in lockdown which has seen big falls for the stock market owing to the uncertainty of when the UK will be ‘getting back to work'. Pound sterling has however, during this time managed to improve against a number of different currencies including vs the euro and the US dollar. Sterling exchange rates prior to the lockdown suffered particularly vs the US dollar as the pound fell to its lowest level to buy US dollars since 1985. Indeed,...

GBPEUR interbank exchange rates rose higher last week on the back of worsening economic data for Europe, although sterling was not immune from the bad news. In fact, sterling ended the week lower than where it started, with GBPEUR interbank rates beginning last week at 1.1426, rising at their highs to 1.1529, before finally dropping to 1.1387 as we finished the week. The rising and falling was also in line with some of the more global sentiments on the Coronavirus and how well the global...

Euro strengthened against sterling yesterday leading to an overall gain for the trading week for the euro against the pound as UK Manufacturing data caused a GBP sell-off. The week started off with the GBP/EUR exchange rate remaining fairly stable, however as the week progressed we started to see a lot more volatility for the currency pairing. Eurozone Growth Forecasts Caused the Euro to Slip Aginst the Pound Mid-Week Growth figures for the Eurozone disappointed in the middle of the week. On Thursday we saw investors...