Currency Forecasts

Category: Pound/Euro rates

Sterling recovers slightly on BoE comments

Sterling found a little much-needed support today, on speculation that maybe the Bank of England will raise rates soon after all. There’s been a little uncertainty recently, with some members of the MPC wanting to raise rates, and other wanting…

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Brexit uncertainty continues to hold back Sterling

The Pound has fallen away since last week, dropping from €1.14 down to €1.12. The reason for the drop? You’ve guessed it; Brexit. Since September last year, the GBP/EUR rate has been stuck in a range between around €1.12 and…

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Pound/Euro hits €1.13 on Brexit optimism and Euro weakness

Pound/Euro rates have risen today to €1.13, however the pair seems to be hitting resistance at this level. It’s politics driving the Sterling/Euro pair, with the Pound managing to make some gains due to the Brexit bill offer made by…

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Sterling remains subdued due to slow wage growth

Pound/Euro rates staged a slight recovery yesterday, rising to €1.14 due to higher than expected inflation figures. The gains have not lasted however and levels have already dropped into the €1.13’s again. This is due to the fact that despite…

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GBP/EUR rises to €1.1750 after Autumn Statement

The Pound has reacted positively after the Chancellor Philip Hammond’s first autumn statement. GBP/EUR rates have risen by around half a cent to €1.1750 which is around the best it’s been in 2 months. GBP/USD rates had also initially risen,…

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