Negative Retails Sales Figures put further pressure on GBPEUR

Pound falls against the Euro after Bank of England rate hike

The Pound came under renewed pressure against the Euro towards the end of the week even after the Bank of England chose to increase interest rates from 0.5% to 0.75% on Thursday. The Pound briefly touched toward 1.13 in the thirty minutes following the announcement but then the press conference confirmed what a lot of people have been thinking in that it will be some time before we see another interest rate hike. Part of the reason for Thursday's decision was to allow the Bank of...

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...

Could the Pound gain further against the Euro next week? (Tom Holian)

Sterling vs the Euro has hit its best level to buy Euros with Pounds in over two months after the Bank of England stated that an interest rate rise may be coming sooner than many might expect. Prior to the announcement on Thursday the expectation was for an interest rate hike in 2019 but the statement and subsequent press conference suggests that this could be happening much sooner. The split was 7-2 in favour of keeping interest rates on hold but it does highlight there is...

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,...

Pound to Euro rate hits a 6-week high vs the Euro as inflation levels...

The inflation level in the UK rose unexpectedly in August and as a result we've seen the pound climb quite dramatically. The Pound rose against all major currency pairs with the main headlines to take away from today's price movement being GBP to EUR has hit a 6-week high whilst GBP to USD (cable) has hit a 1-year high. Economists were expecting to see the inflation level for August released at 2.8% but the figure came out at 2.9% which equals the highest level on record...
Brexit vote

GBP/EUR Forecast – Will the Pound Remain Under Pressure? (Matthew Vassallo)

GBP/EUR rates have stabilised over recent days, with the Pound finding support above 1.08 against its EUR counterpart. Sterling has found life tough going over recent weeks, as the Brexit stranglehold tightens sapping investor confidence and with it the value of the Pound. Despite the current uncertainty clouding the UK economy, the Pound did find some support following better than expected Manufacturing data. With Unemployment falling, it has allowed the pound to gain something of a foothold against the single currency but its current standing remains fragile...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/EUR Forecast – Where Next for the Pound? (Matthew Vassallo)

Sterling found some support against its Euro counterpart during Wednesday’s trading, with GBP/EUR rates moving back above 1.08. The Pound has hit a high of 1.0885 this morning, before retracting slightly ahead of the release of the Eurozone Unemployment Rate at 10am. With a figure of 9.1% unemployment predicted and likely factored into the current Euro value, we can expect additional volatility on GBP/EUR rates later this morning if the official figure is released varies. Those clients holding Sterling should be looking at this improvement as...
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....
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...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPEUR continues to fall

In recent weeks the pound has been trading at close to 7 year lows. Their are three main reasons why GBPEUR exchange rates are trading at these historic levels and they are Brexit uncertainty, Mario Draghi is painting a positive picture in regards to the state of the European economy and the US dollar continues to devalue which is causing currency flows out of the US dollar and into the euro.  For short term euro buyers trading sooner rather than later seems wise. To finish the week...