GBPEUR

Lack of Brexit clarity keeps GBP/EUR rates volatile The pound to euro exchange rate has been oscillating in a fairly tight range as the lack of clarity on key issues, forces the market to avoid making any big bets. Currently, the market is eagerly seeking some clarity on Brexit, to find out which way sterling will trend. The euro has been fractionally weaker in the last week, as investors await further news on possible shifts in sentiment relating to whether or not the ECB (European...

Boris in the headlines Much of the news this weekend has centred on the row between prospective Prime Minster Boris Johnson and his girlfriend Carrie Symonds last week which blew up when police were called to the scene after neighbours recorded the argument and contacted the police. The development is topical and relevant for the for GBP vs EUR pair as some will argue it could reduce Boris Johnson's chances of becoming Prime Minster. Others state the fact that the argument shouldn't have been recorded...

Boris vs Jeremy: The affect on the Pound to Euro rate We have had a very busy end to the week with Boris Johnson and Jeremy Hunt now the last two candidates in the race for the Tory leadership election. Johnson won the ballot with a total of 160 votes. Meanwhile, Jeremy Hunt managed to get 75 votes in total. We are now just a month away before the next official Tory Prime Minister is announced. The expected date is July 22nd so we may see...

Conservative leadership contest down to two contenders The pound to euro exchange rate has been at the mercy of the latest news on the Conservative leadership contest, as investors and the market debate what lies ahead for the UK and for Brexit. With the race now between Boris and Hunt, we are in for a few weeks of strong campaigns on both sides which might sway sterling exchange rates. It is tempting to assume that a new leader would help the pound but with the lack...

Who will be the next Conservative Leader? We probably know the answer to this question, our Marmite politician Boris Johnson. The pound to euro exchange rates are volatile, under pressure from the uncertainty of the Tory leadership contest which is now in its final stage. His position to become PM further strengthened as Michael Gove and Sajid Javid became the latest contenders to be eliminated. Only two candidates remain with Jeremy Hunt battling to beat Boris Johnson to number 10. Whilst Boris is clearly the favourite,...

Pound makes slight rebound against Euro GBP has found some support against the EUR over the past 48 hours, bringing some welcome respite following its recent losses against the single currency. The pound has regained almost a cent from the lows of earlier this week, touching 1.1270 at this morning’s high. In truth, this slight upturn for GBP/EUR rates has more to do with a sell-off of EUR currency positions, rather than a sudden spike in investor confidence for the pound. ECB monetary policy causing downturn...

Boris Johnson has been a colourful figure in many ways, and this is also true of his in influence on sterling in the currency markets. The pound vs Euro exchange rates have never been too steady with Boris around, as was proved when he first came out in favour of Leave back in 2016. How will sterling perform in the weeks ahead with 'BoJo' looking likely to be the next UK Prime Minister? Boris' refusal to completely rule out a no-deal Brexit is a key...

Pound continues to slide against the euro The pound to euro exchange rate continues to fall lower after a poor run for the GBP to EUR pair over these last 5 weeks. Rates for GBP/EUR fell to a low of 1.1141 this morning which represents a 5 month low and which is at least presenting those looking to sell Euros with a great opportunity to convert. The pound has dropped by over 5 cents in these last 5 weeks which means the difference on a...

Impact of leadership election on pound vs the euro The pound has managed to stabilise against the euro over the last few days. After hitting close to a 5 month low the pound has found support recently against the euro. This could be put down to the current leadership election. At this point it appears as though Boris Johnson will win the campaign to become the next Prime Minister. He managed to win the first round convincingly and unless some news comes out which is negative...

Will Boris win the leadership election? This week has seen the Tories vote heavily in favour of Boris Johnson to become the next Prime Minister. Boris won the first round of voting with 114 votes which was way ahead of the second candidate. Although there are still many votes to come it is difficult at this stage to see someone take the lead. Therefore, there is a strong possibility that Boris Johnson will replace Theresa May as Prime Minister next month. The impact on the currency markets...