Pound to Euro Under Pressure; When Will this Improve?

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...
GBP to EUR Outlook: Pound making gains against EUR

Pound to Euro forecast: How will markets react to the next UK Prime Minister?

Conservative leadership contest down to two contenders The pound to euro exchange rate has been at the mercy of the latest news on the Conservative leadership contest, as investors and the market debate what lies ahead for the UK and for Brexit. With the race now between Boris and Hunt, we are in for a few weeks of strong campaigns on both sides which might sway sterling exchange rates. It is tempting to assume that a new leader would help the pound but with the lack...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Pound hits lowest rate to buy Euros in 2018 caused by the potential of...

The Pound vs the Euro is now trading at its lowest level to buy Euros all year. The latest topic surrounding Brexit has not gone well and it appears at the moment that we're facing a no deal Brexit which has sent the Pound into a bit of free fall against the Euro. Since the talks began they have typically resulted in a lot of negativity for Sterling exchange rates against a whole host of major currencies and in particular vs the single currency. This...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

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...
Pound to Euro Exchange Rate Ahead of UK Manufacturing and Services Data

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...
Will Pound to Euro Rates Gain in September?

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...