Pound Euro forecast page 51 - GBP EUR

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...

US Inflation Smashes Forecasts – GBP/EUR Exchange Rate Gains Support The Pound Euro (GBP/EUR) exchange rate proved resilient on Wednesday, capitalising on the highly anticipated US inflation readings and the drop in demand for the Euro that ensued. The year-on-year US consumer price index (CPI) reading printed at 2.1% in January,...

On Thursday’s trading session, the Pound to Euro exchange rate saw an overall advance from 1.1314 to a higher rate of 1.1365 in the evening. This closing figure was not the best daily rate, however – at the height of trading, the GBP/EUR exchange rate hit a high of 1.1442. Trader Concerns about BoE Interest Rate Decision Bring...

The Pound Euro (GBP/EUR) exchange rate has stumbled this morning as the UK’s latest Services PMI came in well below expectations. Pound (GBP) Weakened by Slowdown in Service Sector Sterling has been put on the back foot this morning, following the release of the UK’s latest Services PMI. According to data compiled and published...

Ahead of the weekend the Pound Euro (GBP EUR) exchange rate struggled to find any particular traction, with Brexit-based jitters continuing to limit Sterling demand. While Thursday’s UK manufacturing PMI was not overly encouraging on the surface, however, the Pound managed to largely shrug off any negative impact from the data. With...

The Eurozone economy continued to impress with its fourth quarter gross domestic product data, leaving the Pound Euro (GBP EUR) exchange rate under pressure on Tuesday morning. While the Spanish growth rate moderated somewhat its economy still performed strongly over the course of 2017, largely shrugging off the disruption of the Catalan...

Strong UK data over the last week has done little to give the British Pound to Euro exchange rate a lasting boost, as Euro investors continue to expect strong performance from the Eurozone in 2018 and UK political concerns about the domestic government and Brexit have risen again causing fresh Pound weakness. Last week was eventful for...

Despite news that Germany’s SPD Party had voted to move forward in vital coalition talks with German Chancellor Angela Merkel’s CDU Party, the British Pound to Euro exchange rate continued to strengthen on Monday with Euro investors anxious ahead of this week’s upcoming European Central Bank (ECB) policy decision. Poor UK ecostats...

The Pound Sterling to Euro exchange rate is stuck below opening levels today as the EUR receives a boost from news that Angela Merkel may be closer to forming another coalition government. Additionally, market demand for USD has been cooled by the approach of key inflation and retail data, allowing the Euro to rise and therefore pressuring...