Pound Euro forecast page 54 - GBP EUR

The Pound Euro exchange rate tumbled yesterday as the market response to the perceivably dovish Bank of England (BoE) meeting minutes undermined news that the Monetary Policy Committee (MPC) voted for the first rate hike in a decade. This changed on Friday, however, with a positive UK Markit services PMI shifting things back into the...

With markets jittery ahead of the much-anticipated Bank of England (BoE) interest rate decision the Pound Euro exchange rate remained on a weaker footing. Investors have already largely priced in the impact of a 25bpt rate hike, limiting the upside potential of Sterling in the near term. However, further volatility is expected once the...

The Pound Euro exchange rate retained its lead this morning as markets prepared for tomorrow’s Bank of England (BoE) rate decision whilst responding to a positive UK Markit manufacturing PMI. UK Data Proves Positive – GBP Exchange Rates Climb Data relating to the Pound today proved better than expected, with the UK Markit...

Even though the latest raft of Eurozone manufacturing and services PMIs proved somewhat mixed this was not enough to keep the Pound Euro exchange rate on a stronger footing. While the German service sector showed a larger dip in activity than forecast in October the Eurozone’s powerhouse economy still demonstrated general...

After tumbling for most of the week on Brexit concerns and pessimism about Britain’s economic outlook, the British Pound to Euro exchange rate has bounced back from its lows. Market jitters about tension between Spain and Catalonia have weakened the Euro slightly. Despite making a decent advance last week, GBP/EUR has shed all of those...

The Pound Euro (GBP EUR) exchange rate fell half a cent this morning as UK retail sales declined faster than expected last month. Pound (GBP) Plummets UK Retail Sales Tumble in September Sterling sentiment took another heavy blow this morning as the latest UK retail figures reported a sharp decline in sales. According to data...

Brexit concerns and a slight drop in Bank of England (BoE) interest rate hike bets caused the British Pound to Euro exchange rate to fall during Tuesday trade. The pair avoided further losses this morning as the latest UK wage data beat expectations. Political uncertainties caused the GBP/EUR exchange rate to fluctuate earlier in the week...

Hopes that the EU would cooperate with Britain for a post Brexit transitional deal and even hints of trade talks have left the British Pound to Euro exchange rate more appealing on Friday. However, uncertainty remains and has kept the Pound away from its best levels. After opening the week at the level of 1.1138, GBP/EUR tumbled to a low...

As the latest round of Brexit talks ended with rather pessimistic tone from officials the Pound Euro exchange rate slumped sharply. Although earlier signs had pointed towards a lack of any tangible progress at this juncture investors were still disappointed by the downbeat tone of the press conference. With Theresa May still adopting a...

After recouping some of yesterday’s losses overnight on Monday the Pound Euro (GBP EUR) exchange rate has fallen sharply again this morning following the release of the UK’s latest Construction PMI. Pound (GBP) Plummets as Construction Sector Activity Contracts Sterling faced another battering in early trade this morning as...