Pound Euro forecast page 38 - GBP EUR

GBP/EUR Exchange Rate Rangebound as Brexit Fears Return Amid Coivd-19 Crisis The Pound to Euro (GBP/EUR) exchange rate held steady today after the British government stated that the coronavirus crisis only further strengthened the need for the UK to free itself of the European Union’s regulations post-2020. The pairing is currently trading...

GBP/EUR Exchange Rate Edges Higher, Eurozone ‘Coronabonds’ Divide Sparks EU Fears The Pound to Euro (GBP/EUR) exchange rate rose by 0.7% today, with the pairing currently trading around £1.129. The Euro (EUR) following this afternoon’s release of the Eurozone’s preliminary core inflation report for March, which fell to a...

Pound Sterling Euro (GBP/EUR) Exchange Rate Rises as German Recession Inevitable The Pound Sterling Euro (GBP/EUR) exchange rate edged higher today, leaving the pairing trading at around €1.1198. The single currency remained under pressure today, as Germany’s council of advisors warned that output in the country could shrink by up...

The market is experiencing a rebound in demand for riskier assets this week, and this is helping the British Pound to Euro (GBP/EUR) exchange rate to recover a little more solidly from its recent lows. However, signs of improving fiscal action in the Eurozone is keeping the Euro fairly appealing, and overall the Pound’s appeal remains...

GBP/EUR Exchange Rate Rangebound, German Recession Fears Increase The Pound Euro (GBP/EUR) exchange rate held steady today, with the pairing currently trading around €1.155 in spite of growing expectations that the European Central Bank (ECB) could loosen its monetary policy at next Thursday’s central bank meeting. This follows...

EUR/GBP Exchange Rate Falls as German Economic Outlook Darkens The Euro Pound (EUR/GBP) exchange rate fell by -0.4% today, with the pairing currently trading around £0.829 after Germany’s ZEW survey of economic sentiment for February plummeted below forecasts from 26.7 to 8.7. ZEW President Achim Wambach was downbeat in his analysis,...

Weaker-than-expected Eurozone industrial production figures encouraged the Pound Sterling to Euro (GBP/EUR) exchange rate to push higher on Wednesday. While forecasts had pointed towards a fresh deterioration in production, following the falls seen in Germany and Italy, the extent of the decline caught investors off guard. As output...

Following yesterday’s broad plummet in the Pound, the British Pound to Euro (GBP/EUR) exchange rate has steadied somewhat today. Investors are hesitant to sell the Pound too much, as recent data keeps Bank of England (BoE) speculation low. Meanwhile, investors are hesitant to buy the Euro too much amid a lack of strong support for the...

Concerns that the Bank of England (BoE) could suddenly cut UK interest rates today quickly faded after the bank’s policy decision, and the British Pound to Euro (GBP/EUR) exchange rate experienced a rebound in demand. As much of the Pound’s recent weakness was due to speculation of an imminent BoE rate cut, today’s BoE decision was...

Surge in UK Business Optimism Fuels Pound Euro (GBP/EUR) Exchange Rate Leap The Pound Sterling to Euro (GBP/EUR) exchange rate made strong gains on Wednesday, benefitting from a surprise return to positivity for the CBI business optimism index. As the index leapt from -44 to 23 on the quarter this encouraged investors to pile back into...