Will the GBP/EUR rate breach 1.16 this month, and what’s causing the Pound to...

Sterling has performed well once again today, gaining by almost half a percent against the Euro and almost hitting 1.16 at its highest point. Sentiment surrounding the UK economy and the Pound's value moving forward has been improving recently, as the economy and a number of important stumbling blocks have been passed. Hopes of an interest rate hike from the Bank of England next month have jumped to the extent that the hike is almost set in stone. The BoE has hinted on numerous occasions...
Pound to Euro exchange rate forecast Sterling rates continue to suffer from Brexit uncertainty

GBP EUR Reaches Fresh Highs – 1.16 in Sight

The pound has rallied to fresh highs against the Euro with levels for the GBP EUR pair trading just below 1.16. There is currently an excellent opportunity for those clients looking to buy Euros with some of the best levels seen in the last 9 months. The mood on Brexit is feeling considerably more optimistic and the fact that key figures from with thin the EU and notably from Germany have signalled that London will still remain the financial centre for the EU are in...
Pound to Euro exchange rate remains under pressure as no-deal risk increases, could GBPEUR drop below 1.09?

GBP/EUR Forecast – Sterling Struggling to Make an Impact Above 1.15 (Matthew Vassallo)

Sterling has held its been position against the EUR of late but so far has struggled to make any impact above 1.15. The EUR continues to find support around this threshold, as it has done every time it has been tested over recent months. There is no doubt the Pound has gained a foothold following a strong run of UK economic data and progress in Brexit talks but is the Pound likely to break through the current levels any time soon? Whilst it is impossible to predict...
Pound to Euro forecast Will GBPEUR rates test the 2019 interbank lows?

European economic data a little worse than expectations but still reasonably strong

European data released over the past few days has mainly missed analysts expectations, however we have seen the Euro remain fairly stable as the figures were still reasonably good. Poor weather across Europe can be blamed as one of the main issues in March and I feel that because the snow was just so bad in places this slight miss has been overlooked by most investors and speculators. We have very little out in terms of economic data today from  the Eurozone but what may be...
Sterling fails to make any inroads against the Euro despite positive UK services data

GBP/EUR – When shall I move? (Daniel Johnson)

Why will GBP/EUR not breach 1.15 and remain above 1.15? Sterling has made significant improvements against the majority of major currencies of late. Breaking resistance points against both the Australian Dollar and the US Dollar, 1.80 and 1.40 respectively. Against the Euro however it only breached the key resistance point of 1.15 for a very short period. 1.15 has been the absolute peak of the market, this level only being breached on a few occasions and every time it quickly retracts. I have been saying for...

GBP/EUR Forecast – Sterling Recovery Softens (Matthew Vassallo)

UK manufacturing data came in slightly better than expected yesterday but GBP/EUR rates have remained fairly flat this week. The Pound reached a high of 1.1473 today before retracting slightly but has struggled to make any impact above 1.15 against its EUR counterpart. The catalyst for Sterling’s recent improvement was confirmation that UK & EU have all but agreed on the terms for a Brexit transitional deal. This positive spike has softened over the past week, with the long-term uncertainty around the UK economy still handicapping...

Which data releases could influence the GBP/EUR rate this week? (Joseph Wright)

The Pound to Euro exchange rate has so far managed to hold onto its recent gains and remain trading above the 1.14 mark. This suggests to me that market sentiment surrounding the Pound has improved as previously this was the top end of the current trend and GBP/EUR would usually struggle to hold its ground at these levels. The pair did reach 1.15 at one stage recently after news broke that the Brexit transitional deal had been arranged, much to the joys of the financial...
Pound to Euro exchange rates: Could we be headed for a no deal Brexit?

GBP/EUR vulnerable to month and quarter end flows in next two days

Sterling has remained fairly range bound over the week so far, with very little in terms of economic data of note due out as we head towards the end of the calendar month and indeed the end of the quarter. We do have some growth (GDP) figures for the U.K tomorrow which will show how the economy has performed recently but unless they are drastically different from analysts expectations then I personally do not expect to see this data causing too much in the way...
Pound to Euro rate hits 6-month high as Brexit text is agreed, what could happen next to GBP/EUR

Sterling Euro close to the best rate this year – What will tomorrow bring?

GBP/EUR exchange rates are now close to the best levels we have seen so far in 2017. This is due to a number of positive economic and political data releases so far this week and we still have more to come too. On Monday we had news that the EU and U.K had potentially come up with an agreement on a transition period which was seen as positive by the markets. Yesterday we had inflation data out for the U.K and this morning we had news that...
GBP/EUR forecast - ECB Meeting and EU Summit to take centre stage today

ECB’s inflation concerns weaken the Euro, will GBP/EUR manage to breach 1.13 anytime soon?

The Pound to Euro exchange rate breached 1.13 today before falling back into the later 1.12's. Some bearish comments from European Central Bank (ECB) President, Mario Draghi first thing this morning put the Euro on the back foot throughout the day, although it does appear to have some support around the 1.13 mark. Draghi stated that there needs to be further evidence that inflation dynamics are moving in the right direction before the ECB will consider ending its extensive quantitative easing programme which appears to have...