Pound to Euro Poised for Budget Day Volatility

Pound to Euro Poised for Budget Day Volatility

The pound to euro exchange rate was trading at 1.1560 early on Wednesday as the pair awaits Rishi Sunak’s budget delivery.
Pound to Euro – Sterling Rises on Reduced Chances of Negative Rates

Pound to Euro – Sterling Rises on Reduced Chances of Negative Rates

The pound has risen against many of its peers this week as Governor Bailey of the Bank of England indicated there were ‘a lot of issues’ around the prospect of negative interest rates. Such a move has been loosely priced into the value of sterling since despite a Brexit deal removing the uncertainty of a disorderly no-deal relationship with the EU, the new lockdown which came into force last week will have sapped economic confidence and growth. The UK economy could now be in store for...
Pound to Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

Pound to Dollar Forecast: Sunday Deadline Looms for “Firm Decision” on Brexit Talks

The pound slid yesterday morning after negotiators were given until the end of the weekend to decide if a trade pact can be struck – dragging the pound to dollar rate into 1.32 territory. A Brexit deal must be secured by Sunday or the UK will walk away without one, Boris Johnson and Ursula von der Leyen agreed following a “lively and frank” three-hour meal on Wednesday – teeing up a dramatic final round of negotiations. This represents a grave concern for the UK’s...
Pound Euro Exchange Rate: Risk of Volatility on No Deal Brexit

Pound to Euro Forecast – Brexit Talks Now Scrapped

The pound to euro exchange rate saw another day of erratic trading on Friday with a distinct lack of clarity as to the real state of play for the final destination of Brexit following the EU summit last week. Rates for GBPEUR are seeing goods to start the week with levels pushing back to 1.1069 although any new political statements could see substantial market reaction. A UK spokesman on Friday, which was reported by Reuters said that “The trade talks are over: The EU have...
GBPEUR Moves Back Above 1.17 with Weak IFO

Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

Pound to euro rose to a 10-week high on Thursday touching 1.1278 before consolidating just above 1.12 to end the week. The pound to euro exchange rate had rallied following a boost in market confidence which saw a weakening US dollar with the pound as one of the main beneficiaries. At the same time pound to US dollar rose to 1.3473, a 9-month high before drifting back just below 1.33. Bank of England officials have warned of sluggish growth and Governor Andrew Bailey confirmed that...
Pound to Dollar Rate Slips from Three-year High

Pound to us Dollar Exchange Rate Hits 4 Month High

Pound to us Dollar exchange rates have hit a 4 month high against the Dollar in trading this week, as investors and speculators steer clear from the greenback due to coronavirus and political fears. The virus really has taken hold of various States in the U.S and there are vast concerns that the current package for those out of work, costing $2.4 Trillion which is due to run out at the end of this month may not be replaced, which would be extremely negative for...
The pound set to make it a hattrick of daily gains versus the dominant dollar

The pound set to make it a hattrick of daily gains versus the dominant...

Last week the pound suffered one of its worst single days of trading against USD; the pound started the day on 18th March above 1.21 before ending the session at 1.1440 recording a 35 year low for the British currency. Only 10 days earlier the pound reached a high of 1.3190 vs USD, before the increased level of fear in the financial market caused by the growing fast spread of the COVID-19 virus. During this time, we have seen the number of confirmed cases...
Pound to Dollar Rate Remains at Seven-Week Lows

Pound to Dollar Forecast: GBP to USD Rate Shackled by Renewed Fears of No-Deal...

Fresh No-Deal Brexit Concerns Weigh on Pound The pound to US dollar rate began the week above the 1.30 level, before falling to 1.29 on the back of fresh fears of a no-deal Brexit. Normally Christmas is a time for giving, but with no economic data under the tree and Parliament on recess, Brexit concerns dominated sentiment towards the pound this week. Consequently, any hopes of clarity over the UK’s future relationship with the EU are on hold until MPs return to work a week...
Pound to Australian Dollar Forecast: RBA Meeting Minutes Predict a Bleak Future Ahead

Economists Predict a Break for AUD Whilst GBP Softens After Hectic Year

News for the upcoming week is suggesting that the Australian Dollar is primed for a break to a fresh 22-week high, but this momentum has been slowed mainly due to the fading liquidity. The uncertainties surrounding interest rates for AUD in 2020 are still present and causing concern for some investors. Meanwhile, for GBP, it has seen a softening after a rollercoaster year that has been dominated by the Brexit news and the General Election. With the GE over and an EU withdrawal plan...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Pound Euro Forecast – will the Pound fall further against the Euro next week?

Tory Leadership battle heats up The Pound has had one of its most quiet weeks of 2019 against the Euro. Sterling appears to have been adopting a wait and see approach vs the single currency. This weekend the Tory leadership battle will start to heat up. Ballot papers have been issued to the 160,000 Tory members across the UK. The vote will close on 22nd July and the new Prime Minister will be announced the following day. The likely winner at the moment appears to be Boris Johnson. However, as...