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Economists at Scanadanvian financial services provider DNB Bank ASA say they believe the UK will exit the EU on October 31 without a deal, and the UK will likely fall into recession as a result.
August 27,2019
GBP/EUR has reached resistance from a trendline and pulled-back lower, but if it breaks above the 1.1080 highs that will provide confirmation of a breakout above the trendline and more upside.
August 26,2019
Pound Sterling was seen holding its gains against the Euro ahead of the weekend, with 1 GBP buying 1.1048 EUR on the inter-bank markets at the time of writing: the strongest rate of exchange in three weeks.
August 23,2019
The GBP/EUR exchange rate is holding a range just above 1.09 in the aftermath of a key meeting between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel.
August 22,2019
The Pound-to-Euro exchange rate crept towards the 1.10 barrier over the course of the past 24 hours, having gone as high as 1.0987 on Tuesday.
August 21,2019
The GBP/EUR exchange rate will be trading at around 1.0980 at the start of the new week after rising a solid 2.00% in the week before and studies of the charts suggest there is mounting evidence to support a reversal in the short-term, however, longer-term this is debatable.
August 19,2019
A combination of UK political developments and suggestions that the European Central Bank is readying a substantial stimulus package for the Eurozone economy conspired to push the Pound higher against the Euro into Friday.
August 16,2019
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