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GBP to EUR Forecasts

The Pound to Euro exchange rate rallied by around a cent last week thanks to climbing UK inflation and retail sales. Sterling rallied versus the single currency at the start of last week’s session following an unexpectedly large leap in the UK CPI rate. Rising from 1.8% to 2.3%, beating expectations of 2.1%, February’s report [...]

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The Pound rallied by around 150 pips versus the Euro last week, recovering from a seven-week low thanks to a surprisingly hawkish statement from the Bank of England. GBP/EUR remained constrained by fears relating to Britain’s imminent exit from the European Union at the beginning of last week’s session. Due to the fact that a [...]

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Risks Ahead For GBP/EUR Exchange Rate

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Date: March 13th, 2017.

The Pound to Euro exchange rate tumbled by over a cent last week, sliding from a six-week low to a seven-week low as UK consumer growth showed signs of weakness. GBP/EUR weakened at the start of last week’s session on news that the British Retail Consortium’s (BRC) retail sales index contracted -0.2% in the three [...]

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GBP/EUR Hits 6-Week Low

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Date: March 6th, 2017.

The Pound to Euro exchange rate declined by over two cents last week, sliding from a two-month high to a six-week low as UK data disappointed. The start of last week’s session saw Sterling tumble in reaction to rumours that Scotland was preparing to launch a campaign to hold a second independence referendum due to [...]

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Can GBP/EUR return to a 2-month high?

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Date: February 27th, 2017.

The Pound to Euro exchange rate rallied by around two cents last week to strike a two-month high, however, GBP/EUR has since given up all of those gains. Can the pairing return to this level? Or are further losses ahead? Sterling strengthened by around half a cent versus the single currency at the start of [...]

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Soft Data Drives GBP/EUR Lower

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Date: February 20th, 2017.

The Pound lost ground against the Euro last week as UK inflation rose less-than-anticipated, real wage growth struck a two-year low and the three-month retail sales index dropped to its lowest level since the year 2000. The Pound to Euro exchange rate got off to a good start last week, rallying by around 75 pips [...]

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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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