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 USD Exchange Rate Hits More Than Two-Week 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...
GBP EUR Exchange Rate: Weekly Review May 14th

GBP EUR Exchange Rate: Weekly Review May 7th

The GBP EUR exchange rate was smashed lower on Thursday as traders reacted to the latest Bank of England (BoE) interest rate hike. A move to 1% interest rates was met with six voting members who wanted 1.25%. The BoE also had dire forecasts for growth and energy bills with households set to feel the squeeze once more. The GBP v EUR crashed through the previous 1.1800 support level and may head lower in the weeks ahead. Bank of England shocks markets with recession warnings The Bank...
GBP EUR Slumps on PMI Data Disappointment

GBP EUR Lower After GDP Figures Disappoint

The GBP EUR exchange rate was slightly lower after GDP figures disappointed. Traders expected a reading of 1.5% for the quarter to September but the actual result was 1.2%. I noted recently the Bank of England had lowered its forecast for growth at last week’s meeting and that would buffer prices. The GBP to EUR trades at 1.1670 after an attempt to take the 1.1700 level earlier in the day. UK economy closer to pre-pandemic output level The UK economy is close to recovering its pre=pandemic levels...
GBP USD Jumps to Fresh March High

GBP USD Plummets to Lowest Level of 2021

The pound sunk to its lowest level this year against the dollar after the UK economy grew at a slower pace than expected in the third quarter. The UK currency fell below the 1.34 support level for the first time since December 2020, when fears of a no-deal Brexit spooked investors. Data released by the Office for National Statistics (ONS) on Thursday showed the UK economy grew 1.3% in the third quarter, falling short of economists’ forecasts of 1.5%. It also represented a striking slowdown from...
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 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 Recovers from Early Losses on EU Trade

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...
GBP USD Exchange Rate Poised for Central Bank Rate Decisions

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...
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...