Pound Euro forecast page 15 - GBP EUR

Pound (GBP) Supported by Extended Energy Support The Pound (GBP) firmed modestly on Wednesday morning ahead of the Spring Budget. An early U-turn from the Treasury boosted spirits as it was announced the Energy Price Guarantee (EPG) will be extended for another three months. Businesses and households will be relieved of the extra...

Pound Euro (GBP/EUR) Exchange Rate Firms as Risk Appetite Improves The Pound Euro (GBP/EUR) exchange rate edged higher on Monday. The pairing found support from risk-on mood, as well as growing expectations of a dovish shift in European Central Bank (ECB) policy. On the other hand, GBP/EUR’s gains were limited by market jitters...

Pound Euro (GBP/EUR) Exchange Rate Rallies as UK Economy Rebounds The Pound Euro (GBP/EUR) exchange rate rallied on Friday morning, following the news that the UK’s economy had expanded by 0.3% in January. At the time of writing, GBP/EUR traded at around €1.1323, a rise of roughly 0.5% from Friday’s opening rates. Pound...

Pound (GBP) Quiet ahead of GDP Growth Data The Pound (GBP) remained subdued on Thursday, much like the entire week, amid a lack of economic data. Mixed signals from the Bank of England (BoE) failed to lift Sterling against more aggressive central banks. Elsewhere, with ongoing industrial action, the Office for National Statistics (ONS)...

Pound US Dollar (GBP/USD) Exchange Rate Falls as Cost of Living Pressures Take Spotlight The Pound US Dollar (GBP/USD) exchange rate fell on Tuesday, as cost of living pressures undermined Sterling’s appeal. At the time of writing, GBP/USD traded at around US1.1989, a decline of roughly 0.3% from Tuesday’s morning rates. Pound...

Pound Euro (GBP/EUR) Exchange Rate Flattens amid Diminished BoE Rate Hike Bets The Pound Euro (GBP/EUR) exchange rate traded sideways on Thursday, as GBP investors began to readjust their expectations of further interest rate hikes from the Bank of England (BoE). At the time of writing, GBP/EUR traded at around €1.1276, showing...

Pound Euro (GBP/EUR) Exchange Rate Sinks amid Dovish BoE Governor Bailey Speech The Pound Euro (GBP/EUR) exchange rate weakened sharply during Wednesday’s session, following a dovish speech from Bank of England (BoE) Governor Andrew Bailey. In his speech, Governor Bailey implied that interest rates had peaked, leading to a sell off of...

Pound Euro Exchange Rate Firms on Brexit Deal Optimism The Pound Euro (GBP/EUR) exchange rate ticked higher on Monday, on the hopes for a new deal regarding the Northern Ireland protocol. This saw the GBP/EUR exchange rate trade at around €1.1341 at the time of writing. Up roughly 0.2% from Monday’s opening levels. Pound (GBP)...

Pound Euro (GBP/EUR) Exchange Rate Narrows as German Economy Shrinks Further The Pound Euro (GBP/EUR) exchange rate narrowed on Friday, following the news that the German economy had contracted more than initially thought in the fourth quarter. At the time of writing, GBP/EUR was trading at around €1.1330, showing little movement...

GBP/EUR Exchange Rate Flat Amid Delayed Brexit Talks The Pound Euro (GBP/EUR) traded sideways on Monday amid uncertainty over the status of a new deal to resolve the dispute over the Northern Ireland protocol. At the time of writing the GBP/EUR exchange rate was trading at €1.1260, virtually unchanged from Monday’s opening levels....