GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...
GBP EUR Higher After French Economy Shrinks

Why is the Pound to Euro Rate Falling? Will it Continue?

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that employment was at a...
Pound to Dollar Rate Pushed Higher by Falling Covid Cases and Weak Dollar

GBP/USD rates: Best time to buy US dollars in 2 months

The pound to us dollar rate has risen during the course of this week. It is now the best time to buy US dollars in the last two months, as it appears as though US interest rates may not be going up as quickly as the markets had previously expected. Brexit positivity provides a boost for sterling exchange rates Talks between the Conservatives and the Labour party concerning Brexit appeared to be getting somewhere and this managed to provide the pound with a boost against a...
GBP USD Exchange Rate Rebounds Above 1.31

Pound to US Dollar forecast: Best time to sell US Dollars for Pounds in...

Best time to buy Sterling with US Dollars Pound to US dollar exchange rates are at the best time to sell the US dollar all year. The pound has weakened against the greenback on Brexit uncertainties, as investors remain nervous about which direction Brexit taking. The US dollar is also stronger as it appears the euro will remain weak, which has pushed EUR/USD lower. Investors abandoning Euro A key factor often on GBP/USD exchange rates is the behaviour on the EUR/USD pairing, as investors seek to abandon...
 GBP EUR Higher After Inflation Hits Another High 

Bank of England and mini budget – The impact on Sterling exchange rates

The Bank of England increased interest rates for the 7th time in a row by 0.5% to take the base rate up to 2.25%, which was the biggest single rate hike in years. This caused the Pound to fall briefly against both the Euro and US Dollar as there were some predictions that the Bank of England may have raised rates by as much as 0.75%. As this didn’t happen the Pound plunged almost immediately after the announcement but managed to reverse some of...
GBP AUD Moves Higher with a UK GDP Boost 

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...
Pound to Dollar Rate Recovers Losses

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...
GBP EUR Starts the Week with 1.1800 Test

Pound Sterling Forecast

Many believe that Sterling could be in for a rough year considering the current circumstances. HSBC for example have a very pessimistic outlook predicting significant falls against the euro. HSBC - "Outlook for GBP is not Promising" HSBC have told clients of their commercial and investment banking unit that 2021 will likely see the pound continue to struggle. In a regular monthly foreign exchange forecast briefing note, HSBC analysts say "the outlook for GBP is not promising, in our view, given the broader underlying flow dynamics." "We find...
Pound to Dollar Rate Recovers Losses

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 Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

Pound Sterling Forecast: When Will We Get a Brexit Deal and What Will Happen...

The pound to euro rate has been testing fresh highs of the week, knocking on the door of the 1.11’s, hitting 1.1128 at it’s peak on Friday. The pound has been very sensitive to any news on Brexit with fresh uncertainty or optimism being a real trigger. This week had seen Barnier in the UK for more trade talks with Bloomberg reporting a deal was being lined up for early November, hence the recent strength for the pound. However, the pound has dipped against the...