Pound Euro forecast page 47 - GBP EUR

Support for the Pound Sterling Euro (GBP/EUR) exchange rate picked up somewhat on Tuesday, largely thanks to a disappointing round of Eurozone PMIs. While the Eurozone manufacturing sector showed signs of increased momentum this was counterbalanced by a disappointing performance from the service sector. As a result, the composite PMI...

The Pound Euro (GBP/EUR) exchange rate is trending lower today, following the release of some lacklustre wage figures from the UK. Pound (GBP) Exchange Rate Stalls as UK Wage Growth Slows The Pound (GBP) is sliding against the Euro (EUR) and the majority of its other peers this morning as markets reacted to the latest UK employment...

Last week’s currency movement saw the Pound to Euro exchange rate open trading in the €1.1303 and after five days of fluctuation, close up higher at a level of €1.1316. Weekly trading began on a positive note for Pound Sterling, when May’s GDP figure and a Q2 GDP estimate both showed growth. These results respectively came from...

On Wednesday, the Pound to Euro exchange rate opened in the region of 1.1316 and closed higher around 1.1344 by the end of daily trading. The GBP/EUR exchange rate was mainly aided by the morning’s UK services PMI, which revealed unexpected growth in June. Chartered Institute of Procurement and Supply Group Director Duncan Brock...

While typically a low-influence report, signs of resilience and strength in Britain’s latest UK construction PMI bolstered demand for the British Pound to Euro (GBP/EUR) exchange rate on Tuesday. The Euro was sold in reaction to a disappointing Eurozone retail sales report. Despite its gains this week so far, GBP/EUR saw much greater...

Bank of England Points to Risk Factors in Brexit Withdrawal Process – Pound (GBP) Exchange Rate Fall The Pound Euro (GBP/EUR) exchange rate traded within a narrow band on Wednesday, with Sterling limited in light of warnings in the Bank of England’s (BoE) latest financial stability report and the Euro encumbered by the German migrant...

UK Wage Growth Weakens – Pound Euro (GBP/EUR) Exchange Rate Limited The Pound Euro (GBP/EUR) exchange rate traded sideways on Tuesday, limited by a mixed round of UK labour market statistics and recurrent investor anxiety ahead of the Commons vote on whether MP’s will have a decisive say on the final Brexit deal struck with the...

On Thursday, the Pound to Euro (GBP/EUR) exchange rate opened in the region of 1.1391 and closed lower around 1.1377. This minor decline was caused by GBP trader uncertainty about the potential resignation of Brexit Secretary David Davis. The issue at hand was the Brexit ‘backstop’, which is a planned ‘safety net’ policy that...

On Wednesday, the Pound to Euro exchange rate opened in the region of 1.1434 but closed down lower around 1.1390. There was little solid UK economic data out on the day, which instead left Pound Sterling at the mercy of trader reactions to a document from the European Commission. The document warned EU businesses that they should be...

A better-than-expected UK services PMI encouraged the Pound Euro (GBP/EUR) exchange rate to push higher on Tuesday, driven by improved confidence in the outlook of the domestic economy. Investors took encouragement from signs that the economy has bounced back from the weakness seen in March, boosting bets that the slowdown was only...