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GBP/EUR Touches Four-Month High

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Date: December 5th, 2016.

The Pound to Euro exchange rate struck a four-month high at the beginning of this week’s session due to fears that political instability in Italy could pave the way for a wave of anti-EU sentiment on the continent. GBP/EUR started the week at around 1.17 as Bank of England policymaker Gertjan Vlieghe said that no [...]

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GBP to EUR Hits 2-Month High

Posted by:
Date: November 28th, 2016.

The Pound to Euro exchange rate strengthened by around a cent to strike a new two-month high last week as investors reacted favourably to Chancellor Phillip Hammond’s Autumn Statement. Sterling jumped from below 1.16 to above 1.17 last Monday in reaction to calming comments from UK Prime Minister Theresa May. The PM attempted to assuage [...]

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GBP/EUR Near 2-Month High

Posted by:
Date: November 21st, 2016.

The Pound to Euro exchange rate remained fairly flat last week as robust UK ecostats compensated for a damaging leaked ‘Brexit’ memo. Sterling slid below 1.15 last Tuesday in reaction to a supposed leaked memo suggesting that Britain currently has no overall ‘Brexit’ strategy. The report, which appeared in the Times but was ‘not recognised’ [...]

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GBP/EUR Up 4 Cents On Shock Trump Victory

Posted by:
Date: November 14th, 2016.

The Pound to Euro exchange rate strengthened by four cents last week as Donald Trump’s surprise election victory stoked fears of a wave of political populism in Europe. GBP/EUR initially tumbled a cent in reaction to Trump’s election result. However, the mood shifted swiftly and Sterling began appreciating versus the single currency. There are a [...]

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Buoyed by a High Court ruling on ‘Brexit’, Sterling managed to rally by over a cent versus the Euro last week. The Pound strengthened by around 60 pips versus the single currency last Monday thanks to an announcement from Bank of England (BoE) Governor Mark Carney stating that he would remain in the post until [...]

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GBP/EUR Weakens, BoE In Focus

Posted by:
Date: October 31st, 2016.

Sterling tumbled by around a cent-and-a-half against the Euro last week, influenced by comments from the British Chancellor on the prospect of more monetary stimulus. The Pound to Euro exchange rate weakened by around -80 pips at the start of last week’s session when UK Chancellor Phillip Hammond said that the Treasury had never refused [...]

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GBP/EUR Hit A Two-Week High

Posted by:
Date: October 24th, 2016.

The Pound rallied by around a cent versus the Euro to strike a two-week high last week as government officials appeared to ever-so-slightly soften their approach to Britain’s post-‘Brexit’ trade arrangement with the European Union. Sterling strengthened by around 120 pips last Tuesday in response to a statement from a High Court lawyer suggesting that [...]

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GBP/EUR Tumbles Below 1.10

Posted by:
Date: October 17th, 2016.

The Pound to Euro exchange rate slid below 1.10 last week to hit its lowest level in six-and-a-half years as ‘hard Brexit’ fears persisted. Following the ‘flash crash’ on Friday October 7, which saw the Pound plummet sharply across the board, demand for the UK currency has remained soft and speculators are predicting that Sterling [...]

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GBP/EUR Strikes 6.5-Year Low

Posted by:
Date: October 10th, 2016.

The Pound to Euro exchange rate weakened by around four cents last week to hit a low not seen since the beginning of 2010. Sterling tumbled to a three-year low last Monday in reaction to UK Prime Minister Theresa May’s plans to sever Britain’s ties with the European Union by March 2019. May’s tough stance [...]

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Sterling tumbled to a new three-year low versus the single currency at the start of this week’s session as traders sold the Pound in reaction to UK Prime Minister Theresa May’s latest ‘Brexit’ announcement. The Pound to Euro exchange rate managed to mount an 80-pip rally last Tuesday due to concerns that a crisis at [...]

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