Pound Euro forecast page 52 - GBP EUR

Even though Eurozone data continued to impress this failed to shift the Pound Euro (GBP EUR) exchange rate from a narrow trend on Tuesday. A sharp widening of the German trade surplus and a fresh dip in the Eurozone unemployment rate were not enough to shore up demand for the Euro, even though signs still point towards another strong year...

As the Halifax house price index showed a surprise contraction on the month in December the Pound Euro (GBP EUR) exchange rate struggled to find any particular momentum. This latest sign of softness within the UK housing market weighed on the appeal of the Pound, adding to worries over the domestic outlook. With Halifax also warning...

The Pound Euro (GBP EUR) exchange rate tumbled from a one-week high this morning as investors reacted to the UK’s latest PMI figures. Pound (GBP) Tumbles as Construction PMI Misses Expectations Sterling sentiment slipped earlier this morning as investors were disappointed by the release of the UK’s latest PMI figures. Following...

The Pound Sterling slipped below opening levels versus the Euro today after a worse than expected result from the latest UK manufacturing data. The GBP/EUR exchange rate has fallen -0.1% to 1.1242, despite analysts receiving the data warmly. Manufacturing PMI Weakens, Prompting GBP Sell Off Markets and analysts appear to have...

The Pound Euro exchange rate continued to trend narrowly heading into the weekend, with trading volumes thinning as markets prepared to close for the final time in 2017. Even after the December European Central Bank (ECB) Economic Bulletin demonstrated a more optimistic tone than expected the appeal of the single currency...

The Pound Euro (GBP EUR) exchange rate fluctuated on Thursday, with Sterling rallying in the morning on the back of two positive reports, the first being wage growth figures from Adzuna, and the second being a production output report from the Confederation of British Industry (CBI). This was, however, short-lived, with the Pound’s...

The Pound Euro (GBP EUR) exchange rate is struggling to advance this morning following the sacking of first secretary of state Damian Green yesterday evening. Pound (GBP) weakened by Green Sacking Sterling appears to be on the back foot this morning after the firing of one of Theresa May’s closes allies yesterday after the first...

Monday’s UK factory data helped the British Pound to Euro exchange rate to avoid a drop, but the pair’s gains were limited due to appeal in Euro trade as well as persistent Brexit concerns weighing on the Pound’s strength. Last week saw volatility in GBP/EUR, as the pair hit a high of 1.1410 and a low of 1.1297 before closing the...

The Pound Euro exchange rate rallied at the start of the week, with investors taking comfort from the prospect of Theresa May’s cabinet formally discussing the UK’s future trade deal with the EU for the first time. This encouraged Sterling to trend sharply higher across the board, boosting hopes that markets will soon get a greater...

The GBP/EUR pairing opened in the region of 1.1329 during the morning, later closing higher at 1.1343 by the end of the day. This advance came despite trader uncertainty about UK inflation, which reached 3.1% in November. This unexpected rise from 3% put inflation at an almost-6 year high and brought up difficult questions for Bank of...