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Pound Rallies Vs. Euro Ahead Of UK CPI

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Date: February 13th, 2017.

The Pound to Euro exchange rate rallied by almost two cents last week as a hawkish message out of the Bank of England and decent domestic data sent Sterling higher. Demand for the Pound flourished at the start of last week’s session when BoE policymaker Kristin Forbes said that interest rates could begin to rise [...]

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The Pound to Euro exchange rate tumbled by around a cent last week as the Bank of England signalled it was in no hurry to raise UK interest rates. GBP/EUR began last week’s session close to 1.18 but got off to a bad start as Eurozone data printed positively. German CPI hit a three-year of [...]

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The Pound to Euro exchange rate rose by around a cent last week as the UK Supreme Court ruled that parliament needs to ratify Brexit before the government can trigger Article 50 of the Lisbon Treaty. Sterling increased in value against the single currency at the beginning of last week’s session thanks to optimism regarding [...]

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After a week of large swings the Pound to Euro exchange rate finds itself around a cent higher than it was seven days ago. GBP/EUR tumbled to two-month lows at the start of last week’s session in response to rumours that Prime Minister Theresa May was planning to break away from the EU single market [...]

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The Pound to Euro exchange rate plunged to a fresh two-month low at the start of this week’s session due to fears that UK Prime Minister Theresa May will outline plans to break away from the EU single market on Tuesday. GBP/EUR began last week’s session on the back foot, declining rapidly in reaction to [...]

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The Pound to Euro exchange rate is trading at its lowest level for almost two months due to concerns that UK Prime Minister Theresa May is planning to put immigration controls ahead of retaining access to the single market – a so-called ‘hard Brexit’. Last week’s session saw all three UK PMI reports come in [...]

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After a quiet week of holiday trading GBP/EUR appreciated by around a cent this morning in reaction to better-than-anticipated UK manufacturing data. There were very few economic releases between Christmas and the New Year and the data that was released – German retail sales and UK housing figures – was deemed inconsequential for the Pound [...]

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GBP/EUR 2017 Outlook

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Date: December 28th, 2016.

It’s been a tumultuous year for the Pound. Sterling began 2016 at 1.36 against the Euro and looks set to end it at around 1.17. GBP/EUR declined rapidly during the first three months of the year as speculative investors hedged against the uncertainty of a vote to leave the European Union. Then in June, when [...]

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GBP/EUR Flat On Neutral BoE

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Date: December 19th, 2016.

The Pound to Euro exchange rate remained capped by psychological resistance at 1.20 last week as the Bank of England refrained from hawkish rhetoric. Sterling strengthened against the single currency last Tuesday when UK CPI data printed at its highest level for two years. Rising unexpectedly from 0.9% to 1.2%, the consumer price index appears [...]

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GBP/EUR Down Slightly From 4-Month Highs

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Date: December 12th, 2016.

The Pound to Euro exchange rate softened slightly from a four-and-a-half-month high last week as Italian general elections were averted. Sterling surged to its highest level against the single currency since July at the beginning of last week’s session in reaction to a referendum on constitutional reform in Italy. Former Prime Minister Matteo Renzi lost [...]

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