Currency Forecasts

Category: ECB


GBP/EUR falls below 1.12, will the pound fall further?

Sterling has fallen to its lowest level against the single currency since September 2017 having fallen to a low of 1.1150/0.8969 and bring the pounds losses to over 2.2% in the last week.

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GBP/EUR rises slightly after ECB announcement

Sterling initially fell against the Euro today following a poor report about UK Retail Sales, and this pushed GBP/EUR into the mid €1.11’s. However following the European Central Bank policy announcement, rates have recovered to €1.1233 at the time of…

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Pound recovers after Brexit progress

Sterling bounced back on Friday after the news that EU leaders have said they would begin preparations to move Brexit talks to the second phase. This was a positive move, and contrary to the ‘deadlock’ that had been mentioned previously….

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GBP/EUR drops into the €1.08’s

Sterling/Euro has fallen further today, dropping into the mid €1.08’s. Again it’s a story of the Euro strengthening and becoming more expensive. We had higher than expected PMI figures from Germany and the EU this morning, and also a speech…

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Could Pound/Euro rates reach parity?

Pound/Euro rates fell briefly into the €1.08’s today, before recovering a little after the UK’s Public Sector Net Borrowing figures were better than expected, showing the UK accounts are now in surplus. While this helped Sterling a little, GBP/EUR rates…

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