GBP EUR Looks to Employment Figures for Support

Will today’s speech from Theresa May offer the GBP/EUR rate direction? (Joseph Wright)

Today could prove to be a busy day for GBP exchange rates, as the UK's Prime Minister is scheduled to speak around lunchtime today according to reports with the Brexit being in focus. Brexit related news and updates are proving to be the biggest mover of GBP exchange rates at the moment, and time is running out for the UK and the EU to come to an arrangement so I don't expect to see this pattern change anytime soon. May is expected to focus on a...
Pound to Euro Exchange Rate with UK Election Heating Up

GBP EUR Rates before Theresa May Speech (James Lovick)

The pound continues to see a volatile period this week ahead of a key speech from UK Prime Minister Theresa May this Friday. GBP EUR is currently sitting just below the 1.14 level and not far off that recent 9 month high seen for the pair presenting some of the best levels seen for buying Euros. Politics in the UK will have a huge bearing on the direction of the pound from here on and Theresa May’s speech is likely to be the trigger...
GBP EUR Starts the Week with 1.1800 Test

UK politics to dictate GBPEUR exchange rates this week

Towards the end of the week, I am expected major volatility for GBPEUR exchange rates and we could see the upper or lower resistance levels tested. GBPEUR exchange rates have been range bound between the high 1.13 and low 1.11s over the last 8 weeks. UK Prime Minister is to hold talks with the full cabinet on Thursday and then will address the UK public on Friday in Newcastle. Reports are suggesting there is a threat that 15-20 Tory rebel MPs could actually defeat Theresa May...
GBP EUR Starts the Week with 1.1800 Test

GBP/EUR has an up and down day – What does the week ahead hold?

Sterling started the day off on the front foot against most majors, getting up to almost 1.14 against the Euro only to drop away again over the course of the afternoon. With a positive vibe around current Brexit talks and the chances of an interest rate hike in May for the U.K increasing, there are many reasons why investors would have an interest in Sterling once again. Although Sterling has gained ground this year against most major currencies, it has struggled to make much ground up...
GBP EUR Starts the Week on a Positive Note

GBP/EUR up as the week closes – Sterling gets a small lift

GBP/EUR exchange rates ended the week on a high as news throughout the week suggested that talks both within Britain and outside of it appear to be going well and progressing reasonably. Any positive news on Brexit can give Sterling a lift, even if nothing has actually happened just yet the mere speculation of good news does appear to help the Pound. Unemployment figures earlier in the week had led to a little Sterling weakness but the Pound fought back as the week  neared an end....

Will the release of the Brexit plan result in a stronger Pound? (Joseph Wright)

The negotiations between the UK and EU regarding the Brexit have been heating up recently, and we're shortly expected to know what the UK's stance is. Just yesterday UK Prime Minister, Theresa May held emergency talks with senior cabinet members behind closed doors. The talks took place at her country residence, Chequers and one MP told the press that she 'played a blinder'. Within the next month we're expected to know what the Brexit plans are so I think although the markets are quite calm...
The Pound Continues Its Fightback

EU Parliament may provide the UK with privileged single market access following Brexit

Business Insider Report suggests there will be Single Market access for Britain A recent report has stated that EU parliament is currently compiling a detailed resolution to call for more flexibility in relationship talks with the UK. The EU would like to put forward and negotiate an association agreement which would give Britain privileged market access and EU agency membership. I am not a 100% on the legitimacy of this report as the market moves on rumour as well as fact and investors are yet to...
GBP EUR Heads for the Yearly Highs Once More

GBP EUR Falls on Weaker Unemployment Data

The pound has slipped from the spike seen yesterday after UK unemployment surprised the markets with a weaker headline figure. Rates for GBP EUR are currently sitting at 1.1330 for the pair having fallen lower after the headline UK unemployment figure rose to 4.4% from 4.3%. Unemployment unexpectedly rose from in the last quarter and represents the sharpest increase in the headline figure for almost five years. Although unemployment is still extremely healthy it is still a sign that there the economy is seeing...
GBP EUR Looks to Employment Figures for Support

Sterling Euro exchange rates have a fairly flat week – Retail Sales to finish...

The week so far has been fairly flat for GBP/EUR exchange rates, seen minimal movement from the high to the low point over the course of the trading week. We have virtually been stuck in a range of 1.12 - 1.13 with very little volatility due to no major news from either side for investors and speculators to feed off of. Retail Sales figures are due out this morning for the U.K and this may be a release that could change the flat trend, but this...

Brexit Talks continue to dictate Sterling levels (Daniel Johnson)

Points of Contention could lengthen Brexit talks Brexit talks will be the main factor in Sterling value for the foreseeable future. The European Council has said that Brexit talks between Britain and the EU have moved on sufficiently to begin the new phase of negotiations. A definitive withdrawal arrangement must include the terms in the transition stage and also a policy statement setting out the framework for the future trade relationship between the EU and Britain. The EU would like a framework similar to the trade agreement...