Pound Euro forecast page 55 - GBP EUR

The pound to euro exchange rate has rallied to fresh best levels today after the Bank of England signaled a rate rise in coming months to combat inflation. GBP/EUR jumped over one percent to breach the 1.12 handle on Thursday, September 14. Pound Sterling Slips as Wage Data Disappoints Sterling dipped this morning as despite the...

The pound to euro exchange rate has continued to rise on Tuesday 12th September, quoted at £1 = €1.10321 ahead of today's key sterling-related risk event: the UK inflation. Will GBP/EUR extend its recent uptrend or see a reversal? In their latest brief to clients Lloyds note key levels to watch: "As we head into today’s inflation...

The mood towards the Pound soured further on Monday morning thanks to a disappointing UK construction PMI, prompting a fresh downtrend against the Euro. Investors were not encouraged to find that activity in the construction sector had eased unexpectedly from 51.9 to 51.1 in August, contrary to expectations of a modest uptick on the...

As the third round of Brexit negotiations begin, investors continue to sell the British Pound to Euro exchange rate. Markets remain confident in the Euro outlook as the European Central Bank (ECB) has not taken a notably cautious tone recently. GBP EUR has been steadily falling almost every week recently and last week saw it drop from...

"Overall though, the underlying [EUR/GBP] trend at the moment remains up with the "flash-crash" highs in the 0.9400-0.9700 region the next main upper levels." Lloyds FX Strategy, August 25 It has been another disappointing week for the Pound to Euro exchange rate, which fell to a fresh eight-year low on Wednesday. Foreign exchange...

The pound to euro exchange rate crashed lower on Friday afternoon as a UK data drought left Sterling vulnerable to yesterday’s mixed retail sales figures and continued scepticism regarding the UK’s Brexit negotiations. Year-on-year UK retail sales increased by 1.3% in July, significantly down from the previous month’s revised 2.8%...

The lack of GBP EUR movement today comes as the Pound to Euro rate nears its lowest level since March 2010. GBP Heading Down as Slow Data Day Raises Trader Concerns The lack of confidence seen in the Pound today is largely a symptom of deep-rooted Brexit concerns. With no direct UK data to refer to, traders have instead been focusing on...

The Pound Euro (GBP EUR) exchange rate tumbled at the start of this week’s session following reports that the UK’s Brexit negotiations ‘have not begun well’. Brexit Negotiations Concerns Weigh on Pound (GBP) Sterling stumbled in early trade this morning following suggestions that ‘differences’ in the UK government were...

Sterling has benefitted from domestic data this week more than the Euro and investors have continued to buy the British Pound to Euro exchange rate up from its recent lows. Britain’s July manufacturing PMI beat expectations today. After a brief dip to a low of 1.1145 on Monday evening, GBP/EUR recovered to above the week’s opening...

The Pound Sterling to Euro exchange rate has been able to gain around 0.2% to trend in the region of 1.1210 today. This is despite the fact that the latest UK GDP figures have shown that the economy remains on sluggish form, with only a small rise recorded after the sharp first-quarter slowdown. UK GDP Rises to 0.3% in Second Quarter;...