GBP EUR Exchange Rate: The Week Ahead January 22nd

GBP EUR Exchange Rate: The Week Ahead December 5th

The GBP EUR exchange rate was lower last week after inflation was seen to be soaring in the Eurozone. That led to traders expecting that the European Central Bank will not be as far behind the UK on interest rates as was previously expected. The week ahead will see ZEW sentiment from Germany, alongside the latest UK GDP estimate for October. The GBP to EUR was trading at 1.1760 ahead of the weekend. OECD sees UK outperforming G7, Goldman Sachs expects rate hike The Organisation for Economic...
GBP EUR Exchange Rate: Week in Review August 28th

Pound to Euro: Brexit Deal Could be Done This Week

The pound to euro exchange rate fell to a 3-month low during Friday’s trading, touching 1.0837 in the wake of UK Prime Minister Boris Johnson’s comments that the UK could be heading for a no-deal Brexit. Whilst investors have always remained cautiously optimistic the UK and EU will reach a Free Trade Agreement, with such little negotiating time left and neither the UK or EU willing to compromise on the 3 outstanding issues, the prospect of no-deal appeared closer than ever. However, Michel Barnier’s latest...
GBP EUR Looks to Employment Figures for Support

Pound Sterling Forecast – Could Sterling Fall Lower Still?

The pound ended this week struggling with mounting concerns over the UK’s economic performance. The pound this week suffered its biggest weekly loss against the Euro since May, with the interbank rate touching lows of 1.0947. Against the US dollar and other currencies it was a similar picture with the pound losing ground against many currencies following a week of poor data and continued concerns over the economic impact of the Coronavirus, the policy response by the Bank of England and the potential for this...
GBP EUR Exchange Rate: Week in Review August 28th

Pound to Euro: Sterling Continues to Slide

Since the middle of April, it’s been a struggle for pound to euro exchange rates. Mid-market exchange rates in the middle of April were 1.15 and at the time of writing this article current mid-market exchange rates are 1.1060. UK Confirm no Extension to the Brexit Process One of the reasons the pound has lost value in recent weeks, is that the UK Government has confirmed that they will not seek an extension to Brexit trade talks. The deadline for an extension to be agreed is...
GBP EUR Exchange Rate: The Week Ahead October 31st

Pound to Euro Exchange Rate Fights Back

The Pound to euro exchange rate has managed to begin its recovery against the Euro at the start of this week. Yesterday Bank of England Andy Haldane claimed that ‘roughly half of the roughly 25% fall in activity during March and April has been clawed back over the period since.’ With the government having announced further lockdown easing last Friday the UK economy is moving forwards trying to get people outside once again in an attempt to increase consumer spending. Indeed, Chancellor Risihi Sunak’s plan to...
Pound to Dollar Rate Drops to One-month Low

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...
GBP EUR Exchange Rate: The Week Ahead January 22nd

GBP EUR Exchange Rate: The Week Ahead November 21st

The GBP EUR exchange soared to a new yearly high last week as UK inflation and employment came in above expectations. The data will put pressure on the Bank of England to hike rates in the December meeting. The week ahead has German IFO business sentiment and a final reading of GDP in the country. The week ahead will likely be dominated by virus headlines as European nations move towards lockdowns. The GBP to EUR rate was trading around the 1.1870 level heading for the...
GBP EUR Exchange Rate: Weekly Review January 22nd  

Pound Sterling Forecast – Will the Pound Continue to Rise?

The end of last week saw the pound sterling forecast rising with fresh three-week highs seen for the pound to euro exchange rate, plus for the pound to US dollar exchange rate. GBPEUR interbank rates rose to a fresh high of 1.1185, whilst GBPUSD interbank rates reached 1.2658. The reasons for this spike were mixed with a continuation of the recent optimism for the pound helping to fuel pound strength. Two of the key reasons that can be considered would be the positivity from the...
GBP EUR Exchange Rate: Weekly Review January 22nd  

Why is the Pound Falling Today – Currency Forecast

The sterling exchange rate has once again started falling against most major currencies, which has begged many to ask the question and to why the pound seems to be so out of fashion at present? If you look at the core principles surrounding currency strength there is an almost immediate answer, in my view a currency moves off of two key factors; economic performance and political stability. You could argue that acts of terror and acts of god also have an impact but not so...
GBP EUR Consolidates Ahead of Key Economic Data

GBP EUR Looks Ahead to Employment and Inflation Data

The GBP EUR exchange rate was back above 1.1700 after finding some support last week. The pound sterling will look ahead to employment data on Tuesday with inflation set to follow in the middle of the week. The Article 16 Brexit issues still looms as political headline risk. The GBP to EUR trades at 1.1719 as the pound seeks to avoid further losses. Article 16 is not the UK’s problem, says former diplomat Christopher Meyer, a former British ambassador to the US and Germany, has said that...