Month: August 2017

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Will GBP/EUR Exchange Rate Fall Again this Month?
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Will GBP/EUR Exchange Rate Fall Again this Month?

The Pound has had a tough time in markets recently with particular struggles against the Euro (GBP/EUR). In Thursday’s trading, the Pound found itself registering losses against 13 of the 16 majors as Brexit once again weighed on investor sentiment. Meanwhile, while the Brexit negotiations yield little result or progress, Bank of England (BoE) representative...

Are the Pound’s Losses Overdone? GBP/EUR’s 10-Month Low in Focus
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Are the Pound’s Losses Overdone? GBP/EUR’s 10-Month Low in Focus

There’s speculation amongst analysts that perhaps Sterling’s recent slip has been overdone. The Pound to Euro (GBP/EUR) exchange rate reached a 10-month low last week, while the Pound to US Dollar (GBP/USD) exchange rate also reached a three-week low. Some economic professionals are expecting Sterling to hit parity with the Euro, while others are suggesting...

Pound DROPS to Eight-Year Lows against US Dollar (GBP/USD) and Euro (GBP/EUR) on Brexit
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Pound DROPS to Eight-Year Lows against US Dollar (GBP/USD) and Euro (GBP/EUR) on Brexit

The Pound dropped to fresh eight-year lows against both the US Dollar (GBP/USD) and Euro (GBP/EUR) today as Brexit concerns continued to play havoc with Sterling. Meanwhile, the Eurozone’s manufacturing activity ramped up its pace, growing at its strongest level in the past six years. Markit representative Andrew Harker commented: ‘Overall, this is just another...

Jackson Hole Event, UK GDP Figures, Draghi Speech Ahead
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Jackson Hole Event, UK GDP Figures, Draghi Speech Ahead

Last week the Pound didn’t have a great run against the Euro (GBP/EUR), finishing at 1.09 against the Single Currency. However, it did peek through the 1.10 barrier a few times. The UK’s inflation reading disappointed markets coming in at 2.6% on the year, higher inflation would be likely to nudge the Bank of England...