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GBP to EUR Forecasts

The Pound to Euro exchange rate has fallen by around two cents over the last week due to concerns that the Bank of England may not raise interest rates even though inflation looks to be eroding domestic growth prospects. Sterling fell by around half a cent against the single currency at the start of last [...]

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Dovish BoE Weighs On GBP/EUR

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Date: May 15th, 2017.

The Pound lost a little bit of ground versus the Euro last week as investors cut rate hike bets following the Bank of England’s latest policy statement. The single currency failed to post any lasting gains on news that pro-European centrist Emmanuel Macron had beaten anti-EU far-right leader Marine Le Pen in the French Presidential [...]

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The Pound to Euro exchange rate remained relatively flat last week as robust UK data boosted Sterling and Macron’s French Presidential election victory bolstered the appeal of the single currency. Following news that UK GDP slowed from 0.7% to 0.3% in the first quarter of the year, a trio of private sector reports suggested that [...]

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Dovish sentiments from the European Central Bank helped Sterling rally by around a cent against the Euro last week. The single currency began last week’s session on the front foot as traders interpreted the result of the French Presidential election first round to greatly reduce the probability of France leaving the Eurozone. Centrist Emmanuel Macron [...]

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The Pound to Euro exchange rate rallied by around two cents last week on news of snap UK elections but then gave back all of those gains following the results of the first round of the French Presidential elections. At the beginning of last week’s session the Pound was buffeted higher by a surprise announcement [...]

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French election jitters allowed Sterling to reach its highest level in almost two months against the Euro at the start of this week’s trading session. The Pound strengthened by around half a cent versus the single currency last week in response to sturdy UK inflation and labour market figures. March’s consumer price index remained at [...]

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The Pound tumbled against the Euro at the start of last week’s session as manufacturing and construction figures disappointed, however, a sturdy service sector print allowed Sterling to recover later in the week. GBP/EUR slid by around half a cent last Monday as UK manufacturing came in at a four-month low of 54.2, down on [...]

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GBP/EUR Up 2 Cents Since Article 50

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Date: April 3rd, 2017.

The Pound to Euro exchange rate rallied by over two cents last week as investors bought into Sterling following the triggering of Article 50. The Pound got off to a slow start last week, with GBP/EUR sliding below 1.15 ahead of UK Prime Minister Theresa May’s official notification that Britain was to leave the European [...]

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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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