GBP EUR Starts the Week on a Positive Note

GBP EUR Starts the Week on a Positive Note

The GBP EUR exchange rate was higher on Monday to buck two previous days of losses. The pair rallied 0.39% from the 1.1650 level and that will be near-term support. The day was quiet on the data front and the German economy will dominate the economic releases this week starting today with GDP for Q2. The GBP to EUR trades at 1.1685 after tumbling through the 1.17 level last week. German economy set for GDP data release Germany will see the release of a final reading for...
GBP EUR Higher as German Inflation Hits 5%

GBP EUR Exchange Rate Hits Yearly Highs Again

The GBP EUR exchange rate finally returned to the April highs at 1.18 on Friday and that sets the pair up for a run to the 1.20 level. The euro is not seeing any support from economic data due to the lag in their reopening and last week’s BoE rate update also hinted at a quicker pace to rate rises in the UK. The GBP to EUR trades around 1.1790 and will look to economic data on the week for further gains with a GDP...
GBP EUR Gains on Goldman Sachs Rate Outlook

GBPEUR Surges Back from a Weekly Slump

The GBPEUR exchange rate saw prices surge in the afternoon on Thursday to snap a four-day losing streak.
Pound to Dollar Rate Plummets as Investor Confidence Wanes

Pound to Dollar Rate Falls Following MPC Meeting

Having come within a whisker of touching the 1.40 level on Thursday morning, the pound to dollar rate fell on cooling rate hike expectations following the Monetary Policy Committee’s (MPC) two-day meeting. The Bank of England (BoE) revealed it has upgraded its outlook for the UK economy, but stressed it won’t be rushing to taper its fiscal support to boost the Covid recovery. The central bank believes the pound’s strength over the past six weeks has been warranted by the better immediate prospects for...
GBP EUR Starts the Week with 1.1800 Test

GBPEUR Higher but BoE Governor Warns of Inflation

The GBPEUR exchange rate was trading 0.15% higher on Tuesday at 1.1680 as the pound continues to push higher against the euro.
GBP EUR Exchange Rate: The Week Ahead September 26th

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...
GBP EUR Lower After ECB Monetary Policy Minutes

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...