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Pound Sterling remains poised for further gains against the Euro, despite falling back sharply over the second half of December, and a challenge of the 1.20 area over coming weeks can therefore not be ruled out.
January 2,2020
The Pound-to-Euro exchange rate moved to record a high of 1.2064, having been as low as 1.1755 earlier in the day.
December 13,2019
Foreign exchange strategists with foreign exchange brokers AFEX say Pound Sterling is likely to remain relatively well supported against the Euro, and the strong rally in the exchange rate seen over recent weeks can potentially reach 1.20.
December 9,2019
The Pound has clocked up a hat-trick of new 2019 highs against the Euro in recent days and now enjoys a bullish set-up on the charts that could easily portend further gains if not for the looming Thursday general election, which will almost certain to dominate British exchange rates in the week ahead.
December 8,2019
The British Pound has pushed above the key 1.18 level against the Euro over the course of the past 24 hours, amidst a rise in expectations for a majority Conservative Government winning power next week.
December 5,2019
"A clear majority for the Conservatives would help strengthen Sterling further and may loosen the economic restraints caused by the Brexit uncertainty." - Chris Towner, JCRA.
December 4,2019
The Pound-to-Euro exchange rate is trading at 1.1686 on Tuesday, December 03. and we are told by one analyst the balance of risks for Pound Sterling are balanced to the downside at this juncture.
December 3,2019
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