Pound Sterling Forecast: Pound to Euro Exchange Rate Rallies Higher

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...
GBPUSD Rate Hits 9-Month High, Will the Pound Climb Higher?

Pound to Dollar Forecast: GBP to USD Rate Plunges to Lowest Level For 35...

Pound Falls for Seventh Consecutive Day The financial impact of the coronavirus outbreak is sending shockwaves throughout the global economy. So much so that the pound to US dollar rate plunged to its lowest level since 1985 yesterday, after seven consecutive days of declines. The pound, which dipped below the €1.15 benchmark this morning, began its descent last week when the Bank of England (BoE) cut interest rates to a record low in a bid to prop up the economy. Since then, investors have been favouring...
GBPUSD Rate Hits 9-Month High, Will the Pound Climb Higher?

Pound to US dollar outlook – Will Coronavirus cause GBPUSD levels rise to fall...

The pound to US dollar has seen excessive volatility at the hands of the Coronavirus, as financial markets grapple with the sudden shifts in the outlook for the global economy and a series of groundbreaking policy decisions by central bank. The US Federal Reserve breathed more life into the US economy by announcing ‘unlimited QE’ yesterday, triggering some strong selling and then buying moves. It is as if on one hand the FX markets greatly back the ‘whatever it takes’ approach by central bankers, but...
Pound to Euro Consolidates at 10-week High

Pound to Euro Forecast – Crucial Week for Brexit Negotiations

The pound to euro exchange rate faces added pressure this week as Brexit discussions continue in the third week of 'intensive' negotiations between the UK and EU, now being carried out face to face. Boris Johnson last week showed some optimism that he hoped a deal could be reached in July. At the same time however German Chancellor Angela Merkel has started preparing for a no deal Brexit after the British Prime Minister said he was ready to walk away from the negotiations. Michael...
Pound to Euro Falls as Further COVID Restrictions Announced

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 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 Rates Gain in September?

Pound Sterling Forecast – Is GBP Likely to Stage a recovery?

Sterling has been struggling to maintain its strength lately as investors become increasingly concerned over the outlook ahead. The potential for the pound sterling forecast to weaken is a real possibility with various concerns over which may threaten its strength. In order for the pound to stage a recovery soon we will perhaps need to see shift in sentiment to the British currency which has so far been on a losing streak. Against the US dollar and Euro the pound has lost around 3% this...
GBPUSD Rate Hits 9-Month High, Will the Pound Climb Higher?

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 Euro Exchange Rate: Brexit, UK Data and EURUSD

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...
GBPEUR: Sterling Remains Vulnerable

Pound to Euro: Will the BoE Cut Interest Rates This Week?

The Bank of England are due to meet this week and all eyes will be on the decision whether to see if they will cut interest rates or not. The current interest rate in place is at just 0.15% which is the lowest in history. Rumours have been increasing in recent weeks that the central bank may be preparing to cut interest rates in an attempt to stimulate the British economy. UK Gross Domestic Product (GDP) fell by over 20% during the pandemic and the...