Pound Euro forecast page 50 - GBP EUR

UK Growth Forecasts Upgraded, Pound (GBP) Exchange Rates Supported The Pound Euro (GBP/EUR) exchange rate fluctuated on Tuesday, rising initially as markets responded to an upbeat UK Spring Budget Statement from UK Chancellor Philip Hammond, but coming under pressure later into the day as the Euro benefitted from a brighter outlook for the...

Following some late-week advances last Friday, the British Pound to Euro (GBP/EUR) exchange rate appeared to continue its advance during Monday’s European session. While the Euro was under pressure, uncertainties about the Brexit process kept a cap on Sterling gains and this is likely to continue. Last week saw GBP/EUR mostly trending...

Market concerns about a disagreement between the UK and EU on Brexit negotiation stances weighed heavily on the British Pound to Euro (GBP/ER) exchange rate on Wednesday, but the pair held above its worst weekly levels despite this. So far this week, mixed demand for the Pound and a lack of reasons to buy the Euro has left GBP/EUR largely...

The Pound Euro (GBP/EUR) exchange rate is edging slightly lower this afternoon as the shadow of Brexit continues to hang over the UK currency. Pound (GBP) Pressured by Brexit Uncertainty Sterling sentiment came under pressure during today’s session as growing Brexit Uncertainty once again began to drag on the UK currency. GBP...

Amid a lack of supportive UK data and a slightly stronger Euro on Tuesday, the British Pound to Euro (GBP/EUR) exchange rate has slipped. The Euro has been supported by stronger than expected Eurozone data, but political uncertainties have limited the shared currency’s gains. A stronger Pound helped the GBP/EUR exchange rate climb from...

BoE Deputy Governor Ramsden Points to Earlier-than-Expected Rate Hike – GBP/EUR Exchange Rate Climbs The Pound Euro (GBP/EUR) exchange rate fluctuated on Monday, surging in the morning as markets reacted to hawkish comments from Bank of England (BoE) Deputy Governor Dave Ramsden, before suddenly paring recent gains into the afternoon....

UK Growth Revised Down – Pound Euro (GBP/EUR) Exchange Rate Slides The Pound Euro (GBP/EUR) exchange rate fell on Thursday, limited by news that the British economy has grown at a steadier rate than anticipated in recent months. According to readings from the Office for National Statistics the UK’s GDP growth slipped to 0.4% in the...

A disappointing UK job market report left the British Pound to Euro (GBP/EUR) exchange rate weaker on Wednesday, causing the pair to shed most of Tuesday’s gains. Bank of England (BoE) interest rate hike bets were dampened by news that Britain’s unemployment rate had unexpectedly risen. After last week only saw GBP/EUR edge slightly...

European Parliament Prepares to Give the UK Single Market Access Post-Brexit – GBP Exchange Rates Surge The Pound Euro (GBP/EUR) exchange rate surged on Tuesday, supported by reports that the EU is preparing to negotiate bespoke, ‘privileged’ single market access for Britain post-Brexit. According to a source close to EU...

As January’s UK retail sales data fell short of forecast the mood of the Pound Euro (GBP EUR) exchange rate remained rather bearish. Although sales still saw a rebound on the month, reversing some of December’s sharp -1.6% contraction, this was not enough to encourage investors. With consumer spending failing to lift as markets had...