GBP EUR Dips Ahead of UK Employment Figures

GBP EUR Pauses for Events After Recent Rally

The Pound to Euro exchange rate was -0.04% lower on Monday as the pair takes a breather from the recent strong rally. Only a Spanish trade balance figure was released on Monday, which came in lower than expected. The market may wait for Wednesday’s French Presidential debate, which is followed by European inflation data. The GBP to EUR was trading at 1.2065 ahead of those events. Senior Tory talks of ‘war cabinet’ if Boris is ousted as PM A senior Tory has said that a “war cabinet”...
GBP EUR Flat Despite Government Debt Pressure

GBP EUR Slips from 1.2000

The Pound to Euro exchange rate was -0.21% lower on Thursday after the European Central Bank minutes confirmed a bullish stance on interest rates. Analysts are looking to next week’s ECB policy meeting but are expecting an end to stimulus purchases in Q3, before any rate hike comes. European retail sales jumped but were driven by fuel increases. The GBP to EUR was trading at 1.1955 after seeing resistance again at the key 1.2000 level. ECB minutes confirm a hawkish stance on interest rates The European Central...
GBP USD Exchange Rate Slides on Disappointing PMI Numbers

GBP USD Shackled by Fed Hawkishness

The Pound to Dollar rate struggled to make headway on Thursday having bounced off a three-week low the previous day. Addressing UK monetary policy, Bank of England (BoE) Chief Economist Huw Pill said on Thursday that quantitative easing may be the wrong tool to tackle market dysfunction amid red-hot inflation. Pill does not think the BoE will want to repeat the massive additional bond purchases announced at the start of the pandemic, which was partially made to calm bond market turmoil. Pill said: "Maybe we were just...
GBP AUD Dips Again Ahead of BoE Rate Decision

GBP AUD Recovers to 1.7500

The Pound to Australian Dollar exchange rate was 0.40% higher on Thursday as sterling tries to hold that key level which was reached in January of 2021. The Australian dollar suffered from a lower-than-expected trade balance. Business groups in the UK have called for an energy price cap to protect investment in the country. The GBP to AUD was trading at 1.7460 after seeing new yearly lows on the week. Australian trade balance suffers with geopolitical scene The Australian trade balance came in much lower than expected...
GBP EUR Dips Ahead of UK Employment Figures

GBP EUR Hits New Highs with Safe Haven Flows

The GBP EUR exchange rate spiked to new yearly highs on Monday as investors grow fearful over European markets. Europe’s dependence on Russian gas is a key issue and commodity prices also spiked again with gold at $2,000 and Brent crude oil surging above $135 per barrel. The GBP to EUR has pulled back to trade below the 1.2100 level. Europe ignores Ukrainian appeal to cut off energy reliance Europe ignored pleas from Ukrainian president Zelensky to boycott Russian gas and oil as the most effective means...
GBP EUR Exchange Rate: The Week Ahead May 22nd

EUR GBP Looks for a Rebound from Fresh Yearly Lows

The EUR GBP exchange rate bounced on Monday after seeing new yearly lows on Friday at the 0.8400 level. The Bank of England will meet on Thursday to decide on interest rates and the market knows that the ECB are not going to act quickly enough on rates, while the BoE risks higher inflation if they do act. Europe is also seeing inflationary pressures in the likes of Spain, where energy imports have pushed prices to 1992 levels. The EUR v GBP is trading at...

GBP AUD Higher with Increasing Australian Virus Fears

The GBP AUD exchange rate was higher by 0.40% on Thursday after rising Omnicron variant figures in Australia. The country has taken a hard-line approach to the virus in the past and will likely act more aggressively than the UK. Boris Johnson has taken a balanced approach and that will support sterling. The GBP AUD exchange rate was trading at 1.8750 but has still not found the steam to touch the Friday variant panic highs. Omnicron figures rise in Australia causing health fears Australia's count of the...

GBP EUR Surrenders 1.2000 Ahead of PMI Data

The GBP EUR exchange rate closed the week around the 1.1950 level after surrendering the 1.2000 resistance. The pound sterling versus the euro now faces PMI data on Monday which is a closely watched indicator of the economy’s performance ahead of GDP data. Markets will soon start looking towards the next meetings of the Bank of England and the European Central Bank. The GBP to EUR has initial support around the 1.1920 level, but could head as low as 1.1700 if bearishness sets in. Boris Johnson...

GBP USD Exchange Rate: The Week Ahead January 24th

The pound broadly weakened against the dollar throughout last week, starting a fraction below the 1.37 resistance level on Monday and ending up in the 1.35 mid-range – its lowest level in more than a week. Data on Wednesday showing consumer prices jumped to their highest since 1992 turned up the pressure on the Bank of England (BoE) to hike interest rates next month to curb red-hot inflation. However, soft UK retail sales figures for the Christmas shopping period alongside US Treasury yield inspired dollar strength...
GBP AUD Lower After Aussie Employment and BoE Hike

AUD GBP Takes Aim for Another Move Lower

The AUDGBP exchange rate was lower by -0.16% on Wednesday with the pair potentially looking to test the week’s low. A bounce on Tuesday kept the wolves from the door, but a bearish close on Wednesday could see another push towards the 0.5275 lows. The AUD v GBP was trading at 0.5340 with both economies still resisting restrictions. Australian PM to meet with cabinet amidst higher cases Australia saw another rise in virus cases on Wednesday with hospitalizations and long queues at testing centres as it continued...