Euro Pound forecast page 8 - EUR GBP

The Euro has risen against the Pound (EUR/GBP) today and is up around 0.4%, hitting £0.8716 as the latest Eurozone growth figures revealed a steady if unimpressive expansion of 0.4% in Q1. On the other side of the pairing, news that UK Prime Minster Theresa May is planning to reintroduce her thrice-defeated Brexit withdrawal bill to...

A combination of factors limited market demand for the Euro yesterday, making it more difficult for the Euro to British Pound (EUR/GBP) exchange rate to keep climbing past its recent two month highs. The pair did ultimately remain near its best levels though, due to Brexit jitters and mixed UK data weighing on the Pound. Last week was an...

While not a significant recovery due to lingering Brexit hopes supporting the Pound, the Euro to British Pound (EUR/GBP) exchange rate has rebounded slightly from its worst levels this week so far. The Euro has been supported by fresh signs of strength in Eurozone economic data, buts its potential for gains is limited by some lingering...

Euro Pound (EUR/GBP) Exchange Rate Muted as Brexit Stockpiling Eases The Euro Pound Sterling (EUR/GBP) exchange rate remained muted, and the pairing is currently trading at an inter-bank rate of £0.8596. Data released this morning revealed that factories in the UK lost March’s boost from pre-Brexit stockpiling. The UK Markit...

Euro Pound (EUR/GBP) Exchange Rate Falls as German Inflation Hits ECB’s 2% Target The Euro Pound Sterling (EUR/GBP) exchange rate slipped, and the pairing is currently trading at an inter-bank rate of £0.8611. Data released this afternoon revealed that Germany’s Harmonized Index of Consumer Prices rose to a higher-than-forecast...

Despite poor Eurozone data last week, the Euro to British Pound (EUR/GBP) exchange rate briefly saw a jump in demand yesterday. A rebounding Pound combined with further weak Eurozone data meant the pair more or less shed those gains today, though. Investors are now looking ahead to further Eurozone data and potential Brexit news. After...

Despite a lack of impressive new Eurozone data today, the British Pound to Euro (GBP/EUR) exchange rate has kept falling. Brexit uncertainties kept pressure on the Pound, while the Euro is still benefitting from market hopes that the Eurozone economy is gradually turning around from the slowdown seen since the end of last year. A...

Investors took a break from buying the surprisingly resilient Euro today, as the Euro to British Pound (EUR/GBP) exchange rate slipped back from the strong weekend levels it had closed at. Investors were buying the Pound back from its lows as last week’s Sterling selloff appeared overdone, and left markets anticipating major data due for...

EUR/GBP Exchange Rate Steadies Following ECB’s Cautiousness The Euro Pound (EUR/GBP) exchange rate is steady today and is currently trading around £0.8620 on the inter-bank market. The Euro (EUR) steadied against the Pound (GBP) following the release of the German Harmonized Index of Consumer Prices figures for March fell to 1.4% –...

Euro Pound (EUR/GBP) Exchange Rate Slides as Eurozone CPI Misses ECB’s 2% Target The Euro Pound Sterling (EUR/GBP) exchange rate slipped this morning, and the pairing is currently trading at an inter-bank rate of £0.8570. Data released on Monday showed that Eurozone inflation unexpectedly slowed which added to pressure on the...