Week Ahead Pound-to-Euro Exchange Rate

The Pound-to-Euro exchange rate closed Friday with its first intraday decline for seven and may be susceptible to a further losses early in the new week, although it benefits from nearby technical support and fundamental tailwinds like an elevated trade-weighted Euro and faster coronavirus vaccinations in the UK.

Pound Sterling has pared earlier declines against the Euro and may draw support in the coming week from an acceleration of Britain's coronavirus vaccination programme, although international factors and Bank of England (BoE) monetary policy may also be important themes.

The Pound-to-Euro exchange rate is on course to end the year at six-month highs around 1.13 as the House of Commons gives an in-principle approval to Britain's Brexit deal, which will birth a new era in UK-European relations while also carving out a permanent place for Brexit-related matters in domestic politics.

The Pound-to-Euro exchange rate enters the new week susceptible to further losses that could quickly take it back to multi-month lows as a new strain of coronavirus draws its first blood from the economy and an ongoing Brexit stage drama leads the clock to run down in the negotiations. 

The Pound-to-Euro exchange rate faces a testing period of heightened volatility and political theatre in the weeks ahead as a likely-phoney war plays out between London and Brussels over a straw man in the Brexit negotiations. 

The Pound-to-Euro exchange rate was already troubled by an absence of progress in the Brexit trade negotiations last week but risks coming apart at the seams over the coming days following weekend reports suggesting that a 'no deal' exit could get a nod from the government this Monday. 

The Pound-to-Euro exchange rate fell to a November low last week as Sterling underperformed in the absence of progress in the Brexit negotiations but could see a pick-up in the coming days as the two sides edge toward a deal, which would give the Pound a clear path back to April and May highs at least. 

The Poun-to-Euro exchange rate has scope to edge up to six-month highs over the coming days as the Brexit talks continue in the background, although Sterling will be at risk of a setback early on in the new week due to a pending extension of coronavirus-related 'lockdown' restrictions. 

The Pound-to-Euro rate enters the new week near two-month highs ahead of an important Brexit deadline but with trade talks between the two sides still deadlocked while mixed messages emanate from the charts, the outlook is balanced on a knife edge.

The Pound-to-Euro exchange rate could be liable for further underperformance this week as the U.S. election outcome casts doubt over the UK's prospect of securing a trade deal with the world's largest economy while raising the stakes in the Brexit talks just as a key deadline draws near.

Pound Sterling reached a two-month high against an underperforming Euro last week when major continental economies returned to lockdown, although another shutdown in the UK now threatens to weigh on Sterling this week and could send the Pound-to-Euro rate back toward the bottom of its recent range.

The Pound-Euro exchange rate remains supported and could look to recover in the coming days as hopes of a Brexit deal being agreed by mid-November solidify and as the European Central Bank (ECB) seeks to head off another advance in the trade-weighted Euro at Thursday’s policy meeting. 

The Pound-to-Euro exchange rate slipped by a fraction last week in price action that may belie the true extent to which 'no deal' Brexit risk has risen, but with a boy who cried wolf so many times before still in 10 Downing Street, investor indecision may now ensure Sterling remains range-bound over the coming days.

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The Pound-to-Euro exchange rate is in recovery mode and could be on the cusp of a Brexit-inspired breakout from its recent range, but will have to overcome technical resistance and contend with deteriorating risk appetite this week.

The Pound-to-Euro exchange rate is consolidating near lows established at the height of coronavirus panic in March, pending a Brexit-induced breakout in either direction, although an absence of progress in the trade negotiations could pull Sterling back toward the bottom of that range this week. 

The Pound-to-Euro exchange rate is consolidating pending the outcome of the Brexit trade talks, which are still a risk to Sterling although it's government hysteria over rising coronavirus infections and its threat of a new ‘lockdown’ that threaten to the pull the rug from under the British currency this week. 

The Pound-to-Euro exchange rate could look to stabilise while balanced on a knife-edge over the coming days after its worst week since March, although the British currency has sustained technical damage on the charts and there’s a risk that it suffers more punishing losses before any meaningful recovery.

The Pound-to-Euro exchange rate closed little changed for the week on Friday but may suffer a setback in the coming days as Brexit trade talks, GDP data and wobbly investor risk appetite dominate the agenda, although European Central Bank currency concerns could limit the downside for Sterling.  

The Pound-to-Euro exchange rates has carved out a technical bottom on the charts and could now have scope to extend its run higher in the week ahead, potentially reaching four month highs in another quiet week for economic data although lingering Brexit risks still muddy the medium-term waters.