Pound at its lowest against the Euro in 19 months, and 37 years against...

The pound is notably weaker today following the release of the latest UK Retail Sales numbers showing a surprise fall of 1.6%, which makes the economic slowdown anticipated, and likely recession ahead seem much worse than thought for Britain. As I write, GBPEUR levels have dropped to a 19-month low, with the day low at the time of writing 1.1399 on GBPEUR and 1.1350 on GBPUSD. The cable level is a 37-year low, the worst for sterling since 1985 against the US dollar. I am...

Pound rebounds following lighter than expected inflation figures

Wednesday’s trading session saw the pound on the front foot, gaining back some of the losses from the past week against a basket of currencies. Inflation data released in the morning showed price growth slowed in July for the first time since September 2021. Could this be a signal that the cost-of-living crisis has begun to ease in the UK? The Bank of England stated last month that they expect inflation to peak at 13%. The drop in price growth does pose an interesting question...
A Rollarcoaster Week for GBP EUR - Weekly Review June 18th 

Will the pound keep rising against the Euro and when is the best time...

The pound to Euro exchange rate has bounced back from the recent lows rising above 1.16 and making a brave challenge for 1.17 in the last 24 hours. Some fresh confidence that finally, the British government is going to do something about the awful cost of living crisis facing the UK has seen investors take advantage of the recent lows of sterling and buy in some speculative positioning. It might be argued that all this has done is stem the tide of a majorly depreciating...
Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
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...
Euro Stages Comeback Against the Pound at the End of This Week's Trading

Pound to Euro forecast: 5 month high to sell Euros for pounds

The pound to euro exchange rate has this week hit 1.1194 on the interbank exchange rate, presenting the best time in 5 months to buy pounds with euros. Why is the pound weak against the euro? This is the combination of increasing uncertainties surrounding Brexit, combined with the European outlook not being quite as bad as expected. With the pound likely to struggle in the coming weeks with the Conservative leadership challenge looming, there could be more opportunities for euro sellers. This week saw some rather worrying...
GBP EUR Exchange Rate: Weekly Review May 28th

Pound to Euro forecast: Will the Pound continue to fall against the Euro?

Pound struggles to recover from recent lows against the euro Over the last 5 weeks the pound has gradually lost value against the euro. Mid-market exchange rates at the beginning of May were trading as high as 1.1775 and currently mid-market exchange rates have dropped to 1.1210 at the time of writing this article. Unfortunately for euro buyers this means a €200,000 purchase is now costing an additional £8,500, however for clients selling euros to buy pounds this has provided a fantastic opportunity. UK politics main...
GBP EUR Slumps Despite UK Rates Lift-Off

Pound close to 4 months lows vs the euro owing to political landscape

The pound to euro rate is now trading close to its lowest level in four months. British politics and the impact on the pound to euro rate There are a number of reasons for the pound's recent demise against the euro. The European elections have highlighted a problem with British politics and this has negatively impacted sterling exchange rates. It appears that the voting public are divided on the subject of Brexit and as of yet neither the Tories nor Labour have offered a clear path....
GBP EUR Rallies After Bank of England Rise in Interest Rates

GBP EUR ahead of Bank of England Meeting Today

The Bank of England meet today and will decide on whether or not to raise interest rates. Although the central bank is expected to hold rates the markets will be interested in the minutes which will include how members vote and also the commentary coming from Governor Mark Carney. The economic data over the last months has been softer which has given the Monetary Policy Committee a good reason to hang fire. The ongoing uncertainty with Brexit is also being cited as being a...
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...