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...
GBPEUR: Pound Slumps Against Majors as ‘No deal Brexit’ Chances Rise

Where Are Pound to Euro and US Dollar Rates Headed?

The month of May saw the Euro to pound appreciate by 4%, and after yesterday’s movements the pound is still close to the bottom of this range. When we look at Germany, the Eurozone’s biggest economy, they are quite far ahead of the UK in their dealings with Coronavirus. An article in the Financial Times last week stated the UK is lagging behind Europe in its recovery, this might further explain recent Euro to pound strength. The high to low range since February 18th has...
Will Pound to Euro Rates Gain in September?

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...
Sterling Exchange Rates Receive a Boost to Round off the Trading Month

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 to Euro Exchange Rate: Brexit, UK Data and EURUSD

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...
GBPEUR: What's Moving the Rates this Week?

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...
Will Pound to Euro Rates Gain in September?

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...