Currency Forecasts
Category: GBPEUR Forecast
Pound/Euro near 2 year high
Pound/Euro near 2 year high – We have seen the Pound go from strength to strength over the last few weeks, rising from a low of €1.10, reaching a high of €1.16 overnight before dropping back away. Why has the…
Read MorePound 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…
Read MoreGBP/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…
Read MorePound/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,…
Read MoreInflation 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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