Pound exchange rates up following positive Brexit news

Will the pound rise or fall tomorrow? (Dayle Littlejohn)

Over the last 6 weeks GBPEUR exchange rates have risen an astonishing 6 cents when many of the leading investment banks including HSBC, Morgan Stanley and JP Morgan predicted parity would occur at some point in 2018. To put this into monetary value for clients that purchased €200,000 today compared to three weeks ago they would have paid £10,000 less. Tomorrow UK Prime Minister Theresa May is set to steal the headlines when she delivers her life after Brexit speech. The pound has increased in...

Will the pound to Euro rate rise or fall on the German election?

Expectations for the Euro are that it could well rise further on the back of the German election but of course there are no guarantees of what lies around the corner. We did expect the pound would rise on the back of the UK election but it did in fact fall and there is always this kind of element of risk with any political situation no matter how likely or unlikely an outcome is. Therefore if you are selling Euros and hoping the pound will...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP EUR Rates Head Towards 1.14

The pound has seen yet another great day making strong gains across the board including the Euro. GBP EUR exchange rates reached a high of 1.1396 earlier today before coming of the highs. Monetary Policy Committee member Vlieghe said today that interest rates will need to rise more than once if the economic recovery develops as expected. His comments reinforced the view that the Bank of England means business in terms of raising interest rates. There has been some suggestion that there could be some...
GBPCHF rates hit near 3-month highs

Sterling continues to improve against the euro

It's been a fantastic week for the pound vs euro, as exchange rates have improved 3.76% and on a £200,000 conversion clients will now receive an additional €8,180. UK inflation improved to 2.9% on Tuesday which prompted the Bank of England to announce today that an interest rate hike could occur as early as November. Personally I believe that the Bank of England have released this statement in a bid to improve sterling value to try and curb inflation rising higher as the Bank of...

Will GBEPUR remain above 1.10?

The pound to Euro rate has risen against the lines of expectation as we witness the UK Inflation level rising which puts pressure on the Bank of England to raise interest rates. Personally I do no think that the BoE will actually raise rates and tomorrow's Interest rate decision meeting will be crucial to understanding the likelihood of this happening. All in all there is an expectation that Inflation will continue to rise and this should put pressure on the Bank to raise interest rates,...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR Ends the Day on a Low (Ben Fletcher)

Having started the day just breaking into the 1.09’s the GBP/EUR has spent most of the afternoon slowly declining down to the low 1.08’s. There had been optimism at the end of last week that we may have moved back to the 1.10 level this week however that now looks a stretch too far. Tomorrow the day starts with a whole raft of Purchasing Manager Indexes for the EU and individual nations. This data provides an indication into the business confidence and like previous months...

Will the Pound Hit Parity?

After a bad week for sterling exchange rates the pound has tumbled further against the Euro after the third round of Brexit negotiations ended badly yesterday. There appears to be a lack of agreement between the British exit bill and any potential future trade relationship whilst the EU are not willing to discuss the latter until “sufficient progress” has been made on the divorce settlement. The lack of certainty is now causing concerns for businesses and individuals and this is reflecting in the weaker...
Pound to Euro forecast: Sterling sell-off continues as chances of a no-deal Brexit remain high

Sterling Makes Major Gains Against The Euro (Ben Fletcher)

Today the GBP/EUR rate has gained a cent and a half from yesterdays low, showing the biggest improvement for Sterling in a day for since the beginning of July. The Pound has been under constant pressure from a performing Euro which appears to have come under very little pressure, with Eurozone financial leaders very optimistic for the near future. Tomorrow there could be another volatile days as we see the latest inflation data being released for the Eurozone in the form of Consumer Price Index....

Will GBPEUR hit parity?

This is the big question at the moment on investors lips as the pound continues to struggle and the Euro continues to gain in value. Overall there is an expectation that the pound will eventually rise but with the strength of the pound being inextricably linked to the developments on Brexit, we could be waiting quite some time! In the absence of any new news the pound will likely continue to remain weak, investors will be very cautious over the UK and the pound until...
Pound to Euro exchange rate Where next for GBPEUR exchange rates?

Will Sterling’s Recent Decline Continue? GBP/EUR Forecast (Matthew Vassallo)

The Pound found some support during Thursdays trading, following further losses against the EUR earlier this week. GBP/EUR rates have hit a high of 1.0874 this morning, with the EUR now likely to find some support around 1.09. Those clients holding the Pound will be looking at the current rates with some distain but the truth is, things could continue to get worse before they get any better. Sterling dropped to a low of 1.0826 against its EUR counterpart on Wednesday, with the single currency trading close...