The Pound-to-Euro rate closed its worst week since the height of panic over the coronavirus on Friday but could attempt to stabilise in the coming days as it nears support on the charts, although analyst commentary suggests this will only be a short-lived period respite ahead another big leg lower.
May 17,2020
This graph suggests the UK is now testing a greater proportion of its population than any other country in the given comparison, a positive development for an under-fire British Pound.
May 17,2020
The Pound-Euro rate is roadblocked on the charts and vulnerable to a correction over a multi-week horizon, technical analysts say, and this week will also be guided by the market response to the government's lockdown exit plan and official data that will reveal the cost of the coronavirus for the economy in the first quarter.
May 10,2020
A ruling by a German court that says the European Central Bank's flagship quantitative easing policy is unconstitutionally sound has allowed the Pound-to-Euro exchange rate to move higher and test a formidable resistance level once more, which if broken could open the gate to fresh multi-week highs.
May 6,2020
The Euro fell against the British Pound and other major currencies on Tuesday following a ruling by a German court that the The European Central Bank (ECB) quantitative easing programme was legally flawed.
May 5,2020
The Pound-Euro rate could be vulnerable to further losses this week after a bearish Friday evening close although investor risk appetite, the Bank of England (BoE) and market response to any leaked details from the government's lockdown exit plan will set the trajectory of Sterling.
May 3,2020
Pound Sterling rallied against the Euro ahead of month-end courtesy of a broad-based decline in the Eurozone's single currency following the April European Central Bank policy meeting, at which further easing measures were announced.
April 30,2020
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