Pound Sterling Forecast – Could the Pound Fall Lower Still?

Pound to Euro Exchange Rate Begins the Week on the Front Foot

Pound sterling has started the week in strong fashion after beginning the week in positive territory against all major currency pairs. The pound to euro exchange rate has seen some moderate, with sterling making some gains against the euro on Friday's trading session. Sterling has also climbed against the US dollar on a daily basis now for the past 6-trading days and today’s opening levels are the highest for cable (GBPUSD) since mid-March which suggests that the markets are now more bullish regarding the...
Pound to Euro Exchange Rate Surges Higher on Brexit Optimism

Pound to Euro Exchange Rate Surges Higher on Brexit Optimism

The pound gained more than 1 percent against the euro and 0.6 percent again the US dollar during Friday’s trading as the UK and EU both confirmed they would work constructively towards a trade deal. Whilst there was no breakthrough the mood from both camps was positive. It was always going to be difficult for the UK and EU to make progress when there are such fundamental differences between the two negotiating mandates. The EU is adamant that the UK must agree to a level...
Pound Sterling Forecast – Will GBP continue to bounce back?

Pound Sterling Forecast – Will the Pound Rise Further?

The pound has truly had a mixed week rising and falling throughout the week against various currencies, as optimism rises and falls on the many different factors influencing exchange rates. Friday afternoon has seen fresh highs against the US dollar reached with the interbank rate reaching 1.2731, whilst GBPEUR levels reached 1.1252, not quite the 1.1272 highs reached Tuesday, but still much higher than the lows of 1.1085 reached on the 29th March and which were tested as last week began. Why has the pound...
Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

Pound Sterling Forecast – Brexit No-Deal Still Weighs on GBP

The pound sterling forecast struggled yesterday and into today owing to the continued uncertainty of a no-deal Brexit. The outlook for the UK-EU negotiations has not been particularly favourable with lots of reports suggesting that the two sides are very far apart. Sterling fell yesterday as this news began to weigh on the pound, following comments from Andrew Bailey that he had warned Bank bosses in the UK to prepare for a no-deal exit, as reported by the Times today. Bailey is Governor of the...
Brexit Trade Talks Send Pound to Euro Higher

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...
Pound Sterling Rates Rally on Month End Flows

Pound Sterling Forecast – What Will Move GBP Rates in June?

May has not been the most appealing month on record for the pound sterling forecast with a 4.3% decline against the euro over the course of the month epitomising the tough path the hard battle for the British currency to maintain some form. Will June be a better time for pound sterling or will the numerous difficulties faced in May only become more of a concern for investors when debating whether or not to back UK PLCs? The reasons for the decline in May are all...
Pound to Euro Exchange Rate Gains Almost 1% Yesterday

Pound to Euro falls on Brexit Concerns

As Brexit trade talks approach, investors’ concerns that the UK and EU will not reach a deal are being reflected in a weaker pound to euro and pound to dollar. Pound to euro is trading at 1.1095 and pound to dollar at 1.2330 following spikes to 1.1257 and 1.2360 earlier this week. UK Chief Brexit Negotiator David Frost said that the EU must change its position if a deal is to be reached as the current EU mandate is not one that the UK can...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Pound Sterling Forecast – Will the Pound Weaken Ahead?

The pound sterling forecast is weaker against the euro, dropping to a two-month low yesterday of 1.1115 on the interbank exchange rate, as investors took fright at recent political developments in the UK. I did warn in my blog last week of the potential for sterling to experience further weakness ahead and so it has continued to prove the case. Whatever your thoughts on one particular topic, the Dominic Cummings affair has weighed on politics in the UK with now 45 Conservative MP’s reported by...
Will the Pound Continue to Fall?

Pound to Euro – High Volatility Expected in Weeks Ahead

The pound to euro and pound to US dollar remains on a weaker footing with Brexit and COVID-19 continuing to act as the principle drivers. The pound to Euro rate nonetheless rallied higher to a high point of 1.1259 yesterday and 1.2363 for the pound to dollar. The movements follow intense media interest over the Bank holiday weekend surrounding the Prime Minister’s chief adviser Dominic Cummings and whether in the eyes of the law he broke lockdown rules when travelling from London to Durham....
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...