Pound to Dollar Rate Drops to One-month Low

Pound to Euro rate: Will Boris Johnson help the Pound vs the Euro?

Pound fights back vs the Euro The pound has finished the week positively against the euro after hitting close to its lowest level since the start of the year. This could be down to a number of different factors including a change in sentiment towards the pound after a big sell off earlier in the week. With the Tory leadership election due to be concluded early next week could Boris provide the pound with a boost? When we have had previous general elections, we have often seen...
GBP EUR Slumps Despite UK Rates Lift-Off

Pound to Euro exchange rate prediction: Has the Pound hit the bottom against the...

Pound to Euro forecast: Will the Pound increase vs the Euro? The Pound has recently hit its lowest point against the euro in six months. Sterling has come under enormous pressure against a number of different currencies owing to the political landscape. We are only a few days before we will know the next leader of the country. The vote is due to conclude early next week so by Tuesday we should know if Boris Johnson or Jeremy Hunt has won. The expectation is for Boris...
GBP USD Exchange Rate Edges Away From 21-Month Lows

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...
How will the UK election shape GBP/EUR?

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...
GBPEUR Supported by Boris Johnson Reopening Update

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 EUR Exchange Rate: Weekly Review July 16  

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...
GBPEUR Levels Back Near the Recent Highs as Investor Concerns on the Euro Heighten

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...
GBP EUR Higher After European Central Bank Rates

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...