Pound to Euro: When Will Sterling Fall?

Pound to Euro: When Will Sterling Fall?

The pound found some support last week following losses of 2.5 percent against most major currencies in the week before. The pound to euro and pound to dollar rate remained largely rangebound throughout with both currency pairs closing the week at similar rates to where they began. Following the Bank Holiday weekend, this week will be a short one, and sterling has started the day slightly higher with pound to euro trading at 1.1211 and pound to dollar trading at 1.2262. However, despite some respite for...
Will Pound to Euro Fall to 1.02 in Coming Weeks?

Will Pound to Euro Fall to 1.02 in Coming Weeks?

With so many now betting against the pound, the question seems to be how much will the pound fall by, rather than if the pound will fall. Whilst the pound received some welcomed support last week, many still expect pound to euro and pound to dollar to target much lower levels over the coming weeks. Karen Jones, Head of Technical Analysis for currencies, commodities and bonds and Commerzbank thinks pound to euro will target 1.1037 shortly, and technical analyst colleague Axel Rudolph is looking for...
Pound to US Dollar Extends Recovery Beyond 1.24 as UK Coronavirus Lockdown Eases

Pound to US Dollar Exchange Rate Jumps Back Above 1.24

The pound against the US dollar has seen a rebound back above 1.24 on the interbank exchange rate from the lowest level we saw in the market at 1.1409 on the 19th March 2020. This represents nearly a 10 cent movement from the low seen just over a week ago and the biggest movement in many years. US Sees Largest Number of COVID-19 Cases, Is the Pound to Dollar Forecast to Go Higher? The latest coronavirus statistics is that the US has the highest number...
Pound to US Dollar Forecast: Mixed Messages on GBPUSD Exchange Rates

Pound to Dollar Rate Recovers From 35-Year Lows

Bank of England Slash Interest Rates to Record-Low After seven years serving as the Governor of the Bank of England (BoE), Mark Carney was replaced in the hot seat by Andrew Bailey on Monday. He walked into an economic crisis and was greeted by mounting speculation that he would slash the interest rates to a record low to ease pressure on the economy created by the coronavirus pandemic. The pound to US dollar rate soon sunk to a six-month low, after Boris Johnson used his...
Pound Sterling Down Against the Euro and US Dollar as BoE Interest Rate Nerves Kick In

Pound Sterling Down Against the Euro and US Dollar as BoE Interest Rate Decision...

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,...
Lack of Brexit Progress Sees Pound to Euro Rate Tumbling

Pound to Euro Exchange Rate – Further Losses Ahead?

Sterling exchange rates have lost a little ground against most major currencies over the course of the trading week, most notably hitting a 5 week low against the Dollar during yesterday’s afternoon trading session. It seems that global sentiment is starting to slip again, and fears of a second wave of COVID-19 along with a major global recession are leading investors to batten down the hatches and take cover which is leading to some Sterling weakness. For those that were following Sterling exchange rates...
Pound to US Dollar Rate Outlook: GBPUSD Drives Lower on Global Uncertainty

GBPUSD forecast: Where next for the sterling v dollar pairing?

With GBP/USD exchange rates hitting the lowest levels seen since 1985 in trading last week many investors and speculators are wondering just where this currency pairing may head next. It seems like a large part of the move was down to investors rushing to move funds out of the U.K stock market and into cash or safer haven currencies as the Coronavirus takes hold of the world and many countries head into lockdown for what may be a sustained period of time. There are few...
Pound Sterling Forecast – What Will Move GBP Rates in June?

Pound to Euro Forecast: Does Sterling Have Further to Fall Ahead?

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...
Pound to Us Dollar Spikes Above 1.25 Before Weak UK Data Sees a Retreat Back to 1.24 Level

GBP to USD Exchange Rate: US Dollar Cashes in on Safe Haven Demand but...

Signs of stabilisation have been witnessed in the pound to US dollar exchange rates overnight following recent lows which saw the exchange rate pairing drop to its lowest level since 1985. The US dollar was boosted by the announcements from both the Reserve Bank of Australia (RBA) and the European Central Bank (ECB) overnight which saw further monetary policy loosening measures like quantitative easing being unveiled, which helped to limit the sense of safe-haven demand. USD struggled to find any rallying points against major...
Pound to Euro – High Volatility Expected in Weeks Ahead

Pound Sterling Forecast – Where Next for Sterling?

The pound has begun this week in mixed fashion, trading neither particularly higher or lower on the speech delivered by Boris Johnson over the weekend speech which spelled out the path ahead in easing the lockdown restrictions. The currency market has proceeded rather cautiously as so far as we have very little change in the current circumstances and there is still the possibility of a second wave of infections. And it was possibility of a second wave of infections which saw sterling losing ground at...