Pound Euro forecast page 46 - GBP EUR

November’s solid UK construction PMI was not enough to keep the Pound Sterling to Euro (GBP/EUR) exchange rate on a stronger footing for long. Even though the headline PMI showed an improvement on the month, with business confidence lifting away from its recent multi-month lows, the Pound struggled to hold onto a sense of...

GBP/EUR Exchange Rate Down after BoE’s ‘Project Hysteria’ Forecast The Pound Euro (GBP/EUR) exchange rate is down today after the Bank of England (BoE) predicted a dire Sterling drop of up to 25% if the UK faced a ‘no-deal’ Brexit scenario. The Governor of the Bank of England, Mark Carney raised the alarm, saying: ‘[W]e...

GBP/EUR Exchange Rate Recovers Ground on Poor German Consumer Confidence Data The Pound Euro (GBP/EUR) exchange rate gained ground today, and is currently trading at €1.1336, after the release of Germany’s poor Gfk consumer confidence figures dampened investor confidence in the single currency. The EUR was also hit after its initial...

Pound Euro (GBP/EUR) Exchange Rate Falls on Trump’s Dig at Brexit Agreement The Pound Euro (GBP/EUR) exchange rate dropped today, and is currently trading at €1.1273, after US President Donald Trump criticised the Brexit withdrawal agreement and raised doubts about future US-UK trade. EUR found strength this week after Italy showed...

GBP/EUR Exchange Rate Slumps despite Italian Tensions Intensifying The Pound Sterling Euro (GBP/EUR) exchange rate has made an unsuccessful attempt to push back today with the Pound falling to an inter-bank rate of €1.1214. Brussels has escalated its row with Rome over Italy’s 2019 budget, stating that its plan to stimulate their...

Fears that UK-EU Brexit negotiations could collapse or that UK Parliament could block a potential Brexit deal even if one is reached has kept major pressure on the British Pound to Euro (GBP/EUR) exchange rate, but some strong UK data and concerning Eurozone data has made it easier for the pair to hold above its worst levels. Due largely...

Despite broad market negativity on the Pound amid concerns that the UK is headed towards a worst-case scenario ‘no-deal Brexit’, the British Pound to Euro (GBP/EUR) exchange rate rebounded from its cheapest levels on Wednesday. Meanwhile, the Euro’s strength was limited by signs of weakness in Eurozone growth. Due to Tuesday’s...

The Pound Euro (GBP/EUR) exchange rate struggled to find any fresh traction on the back of July’s UK consumer price index, in spite of the headline figure strengthening. While inflation accelerated to 2.5% on the year, in line with market forecasts, this was not enough to shore up Pound Sterling against its rivals. As the monthly...

Amid a lack of fresh reasons to sell the Pound in recent sessions, the British Pound to Euro (GBP/EUR) exchange rate recovered slightly on Thursday. However, analysts predict the Pound’s potential for gains is limited, and that its Thursday gains are likely more due to profit taking and anticipation for upcoming UK data. Due to days of...

Disappointing German industrial production figures were not enough to shore up the Pound Sterling Euro (GBP/EUR) exchange rate on Tuesday. While the Eurozone’s powerhouse economy continued to demonstrate signs of weakness the Euro remained on a generally stronger footing against its rivals. Even though German export volumes stagnated...