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Pound Euro forecast page 56 - GBP EUR

A round up of the latest Pound Euro forecast news items from the Currency News desk.

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Pound Euro Exchange Rate News: GBP/EUR Strengthened Despite Growing UK Political Unrest

13 Oct 2022 at 1 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Strengthened Despite Growing UK Political Unrest

Pound (GBP) Under Pressure from Divided Government The Pound (GBP) found modest support on Thursday amid turbulent economic issues compounded by growing unrest within Prime Minister Liz Truss’ Tory party. With growing calls for a general election from the opposition, and even within the Conservatives, political uncertainty could only...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Remained Volatile as UK Economy on Brink of Recession

12 Oct 2022 at 1 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Remained Volatile as UK Economy on Brink of Recession

Pound (GBP) Surged Despite GDP Contracting The Pound (GBP) enjoyed a surge in demand on Wednesday despite a myriad of headwinds threatening to sap investor confidence. However, the volatile nature of the Pound could see a slowdown soon. An unexpected contraction in the UK economy for the month of August showed GDP growth shrank by...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Muted as Key German Data Misses Forecast

7 Oct 2022 at 3 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Muted as Key German Data Misses Forecast

GBP/EUR Exchange Rate Muted as German Data Signals Winter Recession The Pound to Euro (GBP/EUR) exchange rate was flat on Friday afternoon as data from earlier in the European session impeded the currency pair’s movement. At time of writing the GBP/EUR exchange rate traded at around €1.1400, which was roughly the same as Friday’s...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Wavered amid Troubling PMI Data

5 Oct 2022 at 1 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Wavered amid Troubling PMI Data

Pound (GBP) Pressured Despite Better-than-Expected Services PMI The Pound (GBP) failed to find much demand on Wednesday in the wake of final services PMI data. Avoiding a contraction in the services sector lent some modest support to Sterling. A higher revised services PMI of 50 prevented a contraction in the sector that accounts for...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Strengthens as UK Government U-Turns on Tax Cut

3 Oct 2022 at 11 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Strengthens as UK Government U-Turns on Tax Cut

GBP/EUR Exchange Rate Gains Ground on Government U-Turn The Pound to Euro (GBP/EUR) exchange rate firmed on Monday as Chancellor Kwasi Kwarteng dropped the 45p tax cut from the highly controversial fiscal plan. At time of writing the GBP/EUR exchange rate traded at around €1.1426, which is roughly up 0.3% from Monday’s opening...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Sluggish in Response to Truss’s Meeting with OBR

30 Sep 2022 at 4 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Sluggish in Response to Truss’s Meeting with OBR

GBP/EUR Exchange Rate Muted as OBR Meeting Fails to Ease Investor Concerns The Pound to Euro (GBP/EUR) exchange rate wavered on Friday, as a combination of Pound volatility and Truss’s meeting with OBR weighed on the pairing. At time of writing the GBP/EUR exchange rate traded at around €1.1358, which is roughly the same as...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Traded Erratically amid Liz Truss’ Defiant Defence of Mini-Budget

29 Sep 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Traded Erratically amid Liz Truss’ Defiant Defence of Mini-Budget

Pound (GBP) Wavered amid Unconvincing Truss Remarks The Pound (GBP) found mixed success against its rivals amid a turbulent market as Prime Minister Liz Truss made her first public appearance since Friday’s mini-budget announcement. A series of BBC interviews put Truss on the spot and faced with multiple questions over the market...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Fluctuated Wildly in the Wake of Scathing IMF Comments

28 Sep 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Fluctuated Wildly in the Wake of Scathing IMF Comments

Pound (GBP) Under Pressure amid Rock-Bottom Confidence The Pound (GBP) struggled for demand on Tuesday in the wake of scathing comments from the International Monetary Fund (IMF) on the UK’s unfunded fiscal plans. Despite a moderate improvement over the dramatic drop-offs Sterling experienced in the wake of the announcement of...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Forecast: Central Banks Speeches to Rescue the Pound Exchange Rates?

26 Sep 2022 at 1 PM - Written by John Cameron

STORY LINK GBP/EUR Forecast: Central Banks Speeches to Rescue the Pound Exchange Rates?

Sterling exchange rates slumped to fresh lows on Monday after Chancellor of the Exchequer Kwasi Kwarteng unveiled his mini-budget, decimating investors’ confidence. After plummeting more than 5% against the US Dollar over the weekend, an all-time low, and subsequently fell dramatically against its peers. With public borrowing already at...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Nosedives as Investors Digest Mini Budget

23 Sep 2022 at 4 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Nosedives as Investors Digest Mini Budget

GBP/EUR Exchange Rate Collapses as Mini Budget Troubles Investors The Pound to Euro (GBP/EUR) exchange rate struck an 18-month low on Friday as Chancellor Kwasi Kwarteng’s mini-budget spooked GBP investors. At time of writing the GBP/EUR exchange rate traded at around €1.1319, which had fallen from Friday’s opening rate by...

CATEGORIES: Pound Euro Forecasts

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