Currency Forecasts

Category: GBPEUR Forecast


Pound falls as chances of No Deal Brexit increase

Good morning. The Pound has fallen this week, as markets reacted to increased chances of a No Deal Brexit. Last week, after the Bank of England interest rate decision, governor Mark Carney gave warnings of the impact of the UK…

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GBP/EUR up, GBP/USD down…

GBP/EUR up, GBP/USD down. Pound/Euro rates have settled in the low €1.14’s today. The main reason for the slight uptick in rates is solid jobs data from the UK yesterday, that came in as forecast. The numbers were good, and…

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Pound/Euro rates rise to €1.1250

Yesterday was a strange one for the currency markets and GBP/EUR in particular. Initially we thought it would be central bank speeches that would be driving the market, but has often been the case recently, political events instead dominated proceedings,…

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Inflation numbers weaken Sterling

This morning UK inflation came in at 2.6%, slightly less than the expected 2.7%. This might not sound like much, but it significantly decreases the chance of the Bank of England raising interest rates this year. In turn, the lower…

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Pound/Euro rate rises to €1.14

Pound/Euro rates have staged a recovery today. Initially we saw the pair drop through the morning to as low as €1.13, however just before midday it started rising, and has now levelled off at €1.14 as the chart below illustrates:…

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