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...
GBP AUD Sinks After Bank of England Joins Dovish Path

GBP AUD Sinks After Bank of England Joins Dovish Path

The GBP AUD exchange rate was lower by over -0.50% on Thursday after the Bank of England backtracked on a rate rise. The pair had given up half of a two-day rally on the announcement after traders unwound bets for a 0.15% rate hike and more aggressive path. The bank has decided to follow the Federal Reserve in doing nothing in the face of high inflation. The AUD GBP exchange rate is trading at 1.8260 after almost hitting 1.8450 this week. Bank of England rattles the...
GBP USD Tumbles After BoE Holds Interest Rate at Record Low

GBP USD Pound to Dollar Rate Breaks Through the 1.38 Barrier

So far this week, the pound has been pushed higher by moves in other currencies due to a lack of data releases from the UK economy or comments from Bank of England officials. On Thursday, the UK currency continued to edge upwards – driven by global risk appetite and dollar weakness following disappointing US jobs data – before jumping above the 1.38 resistance level. The dollar was still feeling the weight of a much weaker than expected ADP National Employment Report on Thursday. Even encouraging...
GBP USD Exchange Rate Climbs to Two and a Half Month High

GBP USD Tests 11-Month Low Amid Omicron Concerns

The pound plunged to within striking distance of an 11-month low on Monday as investors considered the impact of the Omicron coronavirus variant on the British economy. The prospect of further lockdowns is dampening expectations of rate hikes – a key factor that has propped up the pound in recent times – prompting investors to reduce bets on the Bank of England tightening monetary policy in December. Having briefly dipped below 1.33 again on Monday, GBP USD was hovering above the benchmark this morning. Dollar firms following...
GBP AUD Sinks After Bank of England Joins Dovish Path

GBP USD Rate Breaks Through 1.37 Resistance Level

The GBP USD rate extended its October recovery on Thursday, supported by a rally in global stock markets and positive investor sentiment. The pair climbed to its highest level since September 28, breaking through the 1.37 resistance level. The pound’s jump higher came despite comments from one of the most dovish members of the Bank of England’s (BoE) Monetary Policy Committee (MPC). Policymaker Silvana Tenreyro said the BoE should not raise interest rates to tackle inflation triggered by energy higher prices if it believes these effects...
GBP EUR Drops Below 1.1800 Ahead of BoE Decision

Brexit update and the impact on the pound

With the news that Brexit has been extended until October 2019 there are rumours circulating that the UK could even look at asking for a further extension when they meet at the next EU summit due to be held in June. As we have passed the original deadline of 29th March I think we could see further extensions and ultimately in the end I could even see Brexit being cancelled at some point in the future. If we see a potential change in attitude towards...
GBP EUR Soars Above 1.2000 After Rules Dropped

GBP EUR Exchange Rate: The Week Ahead September 12th

The GBP EUR exchange rate was higher on the week after the pair surged on Thursday with the latest ECB interest rate and policy meeting. The bank held interest rates at zero but said that they could start buying bonds at a reduced rate over the next months. Traders see the move as being pressured by the recent rise in inflation and will remove some of the artificial support from the economy over the second half of the year. The GBP to EUR was trading...
Pound to US Dollar rates influenced by political uncertainty in the UK

Pound Euro rates impacted by political uncertainty

Six month high selling Euros The Pound Euro rate is currently close to its lowest level all year. This is great news for anyone looking to sell Euros into Pounds. However, it is very concerning for anyone looking to convert Pounds into Euros. The political landscape in the UK is very unsettled and we are now just three weeks from finding out the next Tory Prime Minister. The clear favourite appears to be Boris Johnson but things could still change. Boris has been questioned a number of...
GBP USD Slips Ahead of BoE Rate Decision

GBP to USD rates: Sterling is boosted by hopes of a no-deal Brexit being...

The pound to US dollar (GBP/USD) exchange rate spiked last night, after news that MPs voted against a 'no-deal Brexit' yesterday. At the highest point this morning we have seen GBP/USD trade as high as 1.3330 whereas at the lowest point it's traded almost a cent lower. It's been a volatile week for the pound against all major currency pairs, with yesterday being particularly volatile. The day's range was three times the normal range over the past 3-months, which goes to show the importance of...
GBP/AUD Forecast: Will the Australian Dollar Overcome the Coronavirus Fears?

GBP/AUD exchange rates fairly stable – Will Trump be the key to the next...

Sterling has remained in a reasonably stable range against the Australian Dollar over the course of the trading week, seeing a drop off earlier in the week following the key resignation from Boris Johnson, only to then creep back up again a few days later when Donald Trump headed for more trade wars with China. Political uncertainty and further comments from Trump (this time regarding the U.K) over the past 24 hours have both knocked Sterling ever so slightly but all in all we have...