GBP/EUR continues to trade at annual low with BoE meeting in focus in week

In the early hours of this morning, the Pound to Euro exchange rate hit a fresh annual low of 1.1385, which is the lowest level the pair has traded at in close to 20 months. The weak start to this week’s trading follows on from a 1.25% drop last week, after Friday’s sell-off pushed the Pound lower off the back of some concerning economic data for the UK. UK Retail Sales were expected to have dropped by 0.5% in August, but data released on Friday showed...

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 jumps on expectations that Liz Truss will announce huge economic plan – Sterling...

The pound has struggled to find many positive days in recent weeks, however, over the course of this morning we have seen sterling exchange rates creep up against all major currencies. The majority of this can be put down to a minor shift in sentiment and that investors and speculators alike appear to have some confidence behind the expected economic plans being muted by new Prime Minister Liz Truss. Expectations are for an economic package of £130 Billion to be announced in due course which would...
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 EUR Higher After European Central Bank Rates

GBPEUR Exchange Rate: Week in Review August 21st

The GBP to EUR exchange rate dropped last week as the pair failed to hold onto the new yearly highs.
Pound to Dollar Rate Pushed Higher by Risk-on Mood

Pound to Euro outlook: Election uncertainty and Brexit hold Sterling to a tight trading...

So far November has failed to produce any fireworks for the pound as we appear to be in ‘wait and see’ mode against the euro. The trading range of 1.15-1.1650 appears to have shortened to less than a cent and is currently moving between 1.1550-1.1635. As the political campaigns begin in the run up to the General Election on December 12th, investors appear to be stuck between a rock and a hard place when deciding on the pounds value. Goldman Sachs recommendation for Sterling The...
GBPEUR: Sterling Awaits Scottish Election Result

Pound to Euro forecast: General Election confirmed

Sterling volatility expected in lead up to general election The pound to euro exchange rate looks set for a volatile 6 weeks after it was confirmed last night that a UK general election will be held 12th December. A vote in the House of Commons resulted in a huge majority of 418 supporting a general election after eventually finding support from the opposition Labour party. Labour leader Jeremy Corbyn said his party would “now launch the most ambitious and radical election campaign for real change...
Pound to Euro Forecast What Factors Influenced GBP/EUR Rates This Week?

Pound to US Dollar forecast: Pound finds positivity in pre-Christmas poll

An early general election looks all but certain after Labour leader Jeremy Corbyn announced that his party was ready to back a pre-Christmas poll. With a no-deal off the table thanks to the EU’s three-month extension of the Brexit deadline, Mr Corbyn stated that he is ready to fight the "most radical campaign ever". News that Labour MPs had made a U-turn and would back the motion for an early election gave the pound a boost, causing the pound sterling to US dollar rate...
GBP EUR Higher After French Economy Shrinks

Pound to Euro exchange rate forecast: How will Boris affect GBP/EUR exchange rates?

Later today, Boris Johnson will officially become the UK's new British Prime Minister. Yesterday, on the new of a Boris Premiership, the pound to euro exchange rate rose fractionally as the news came out, and we did then also see some further improvements for euro buyers, as the euro lost ground too. New Brexit plans proposed by Boris government to cause volatility for GBP/EUR exchange rates GBP/EUR rates are having a better week, as the certainty presented by having a new Prime Minister and concerns the ECB...