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GBP to EUR Forecasts

Sterling skidded to an eight-month low versus the single currency last week, depreciating by over two cents as softening UK inflation and European Central Bank tightening speculation drove GBP/EUR lower. The Pound to Euro exchange rate plummeted by around a cent last Tuesday following June’s UK consumer price index report, which showed that inflation slowed [...]

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The Pound to Euro exchange rate appeared to bottom out at an eight-month low last week, before rallying over a cent as central bank speculation benefitted Sterling. Sterling plunged to an eight-month low versus the single currency last Tuesday following a speech from Bank of England policymaker Ben Broadbent. Traders were hoping for a hawkish [...]

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A triple-whammy of underwhelming UK private sector data sent the Pound tumbling by around a cent versus the Euro last week. The Pound to Euro exchange rate trended lower last week as traders reacted to a downbeat trio of UK private sector PMI results. The British manufacturing index dipped from 56.3 to a three-month low [...]

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The Pound to Euro exchange rate held steady for most of last week’s session as hawkish remarks from the President of the European Central Bank and the Governor of the Bank of England cancelled each other out. Last Monday Theresa May announced that her Conservative party had signed a deal with the Northern Irish Democratic [...]

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There have been increasing signs of a split within the Bank of England (BoE) after chief economist Andy Haldane made unexpectedly hawkish noises. This encouraged speculation that August’s policy meeting could see an increased shift towards a tightening bias, setting the Pound on a bullish run. However, as both Governor Mark Carney and Deputy Governor [...]

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The Pound to Euro exchange rate softened by around half a cent last week as investors digested contrasting statements from important Bank of England (BoE) policymakers. Sterling sunk around 100 pips against the single currency last Tuesday following a dovish speech from BoE Governor Mark Carney. Citing ‘anaemic wage growth’, a slowdown in consumer spending, [...]

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Date: June 19th, 2017.

The Pound strengthened by around 80 pips versus the Euro last week as markets reacted to a surprise split between policymakers at the Bank of England (BoE). Sterling slid to a seven-month low against the single currency at the start of last week’s session as markets responded to news that the Queen’s Speech was to [...]

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The Pound to Euro exchange rate skidded to seven-month lows last week as Theresa May’s gamble to hold a snap election spectacularly backfired, leaving Britain with the uncertainty of a hung parliament. Sterling ticked higher against the single currency at the beginning of last week’s session as markets bet that Theresa May and the Conservatives [...]

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The Pound to Euro exchange rate tumbled to a two-and-a-half-month low last week as political tensions heightened ahead of this week’s general election. Sterling strengthened against the single currency at the beginning of last week’s session as traders reacted to a statement from Greek finance minister Euclid Tsakalotos calling for debt relief in June. Some [...]

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The Pound weakened by around a cent against the Euro last week as traders hedged against political uncertainty in Britain. Sterling slid by around half a cent against the single currency last Monday when German Chancellor Angela Merkel commented that the Euro was ‘too weak’ and blamed the European Central Bank’s large-scale quantitative easing scheme [...]

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