Pound to Euro outlook GBPEUR rate hits 1.1061 on the interbank rate, could it rise further?

Pound to euro rate forecast: How will the pound to euro rate react for...

The pound to euro rate has been volatile as investors react to the results of the all-important European elections which took place over the weekend. European elections, the impact on the pound to euro rate Investors are still digesting the news but essentially, all the predicted 'shifts' in electoral behaviour rang true. There was a noticeable shift in the make up of the European Parliament which has seen the euro fractionally weaken. Also, the rise of the Brexit party has seen sterling weaken too. Looking forward, the...
Sterling lower as Boris Johnson Quits!

Sterling lower as Boris Johnson Quits!

Boris Johnson has ended much speculation and resigned from the position of Foreign Secretary in Theresa May’s Government. The Pound has dropped by approximately 0.3% since the news. As such a leading figure in the Brexit process, Boris Johnson's support was seen as critical to guiding Brexit to a satisfactory conclusion. His input was seen as vital since he was such a prominent figure in the Leave campaign, and he provided legitimacy, showing that there were pro-Brexit elements in the Government. GBPEUR sits at 1.1289, GBPUSD...
Spanish elections and the impact on the pound vs the euro

Sterling Makes Gains Following Positive UK Retail Sales Figures

The Pound has found a new lease of life over the past 24 hours, giving those clients holding Sterling some much-needed respite. UK Retail Sales figures released yesterday came in above market expectation. This coupled with some fairly ominous warning from European Central Bank (ECB) president Mario Draghi has helped to boost Sterling’s value, with GBP/EUR hitting 1.1464 at today’s high. This move optimises the current market, which is becoming more unpredictable by the day. Sterling has been under a huge amount of late, with the EUR...
Pound to Euro forecast following UK retail figures

Sterling Exchange Rates before UK Retail Sales Data

The pound remains under pressure despite the British government winning a series of votes in the House of Commons this week after a series of amendments had been put forward in the House of Lords. Things could be become interesting for the pound next week though as the Prime Minister had to make a last minute concession to some of her rebel conservatives who seek to keep Britain with as close ties as possible to the European Union. It would appear that what was...

GBP Exchange Rates in Politically Driven Week

The pound is set for a hugely volatile week as the House of Commons Brexit withdrawal vote approaches next Tuesday. The pressure is now very much on Prime Minister Theresa May who will be meeting Brexit ministers today to discuss the final arrangements for a backstop plan. This proposal has been very controversial within cabinet with a public clash between Brexit secretary David Davis and Theresa May. If no agreement can be reached today then this could prove problematic for sterling exchange rates with...

Euro strengthens as ECB board member drops hint

We've seen the Euro strengthen during today's trading session, as a member of the European Central Bank has dropped a hint regarding next week's June ECB meeting. The ECB's Peter Praet has given us a strong hint during a speech in Berlin that next weeks meeting could see the ECB signal the end of their assett-purchasing programme. Some economists are expecting to see September as the cut off point which is actually an shorter time frame than initially expected. Personally, I'm expecting to see the...
New Trade Tariffs $200 Billion Announced - Dollar Supported

Will GBPEUR rise or fall in June?

The pound has been rising against the Euro for various reasons but just lately we have seen it slide as we see a quick turnaround in events. The key issue has been the volatility of the Eurozone, this has all centred around the Italian uncertainty as markets try to digest what exactly will happen next. One moment we have been bracing ourselves for the worst, the next the markets settle as investors feel everything will be okay. The month of June opens up a whole host...
Pound to Euro exchange rates Sterling unstable against the Euro owing to Brexit uncertainty

Pound to Euro rate hits a 1-month high as Euro weakens due to Italian...

The Euro fell another half a percent against the Pound yesterday, after news broke over the weekend that the expected Italian coalition government is no longer looking likely to form. There were expectations that the five star movement and League would form the coalition over the weekend, but the Italian President Sergio Mattarella cancelled talks after the coalition put forward Eurosceptic, Paolo Savona for finance minister. The markets were already weary of the unfolding's in Italy due to the populist and Eurosceptic leanings, along with...

Euro weakens as Italian Government fails to form – How may this impact Euro...

The on-going political crisis in Europe has now deepened as news hit the wires over the weekend that the Five star movement and League parties had failed to come to an agreement and form a Government for Italy, heightening political instability in Italy and leading to Euro weakness. This may now pave the way for fresh elections in Italy and will more than likely lead to another long period of uncertainty not only for Italian politics but also for the Eurozone as a whole. There are...

Mixed signals see GBPEUR remain range bound!

GBPEUR has been stuck in a tight range trading in a band of 3 cents in the last month. Over the last 3 months the range is 4 cents so there really has not been anything too dramatic occurring on the rate, compared to some of the more volatile sudden moves since the Brexit vote. Whilst we have begun to hit some fresh highs when it reached 1.16, I expect we will now remain in this more familiar ranges for much of June. Despite the...