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…
Read MoreBrexit 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…
Read MorePound/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…
Read MoreSterling 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…
Read MoreGBP/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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