Pound to Euro exchange rate week ahead

Technical conditions continue to favour Pound Sterling over the Euro and we could see gains in GBP/EUR extend after the pullback seen towards the end of the previous week. However, we are wary that Prime Minister Theresa May could bring the second meaningful vote on Brexit to parliament this week.

March 3,2019

Pound sterling

The Pound has broken above a historic high, with technical studies suggesting the move opens a path to ‘green pastures’ beyond in which further gains will be much easier.

March 1,2019

Parliament

Pound Sterling has found a new ‘glass ceiling’ above which it is unlikely to rise without a new catalyst say a number of foreign exchange analysts we have heard from on a day that has seen the currency fall back from recent multi-month highs against the Euro and a host of other major currencies.

March 1,2019

exchange rates

Pound Sterling appears to have finally broken through a key level of resistance against the Euro after the Pound-to-Euro exchange rate closed above 1.16 on Tuesday, February 27.

February 27,2019

May impact exchange rates

Pound Sterling has pushed higher towards the top of a medium-term range against the Euro on news flow that suggests the likelihood of a 'no deal' Brexit is becoming increasingly remote.

February 27,2019

The Pound was the G10 universe's best performing currency last week but it could face fresh losses during the days ahead if MPs are not succesful in convincing the market they have neutralised the growing risk of a no deal Brexit, according the analysts at Rabobank. 

February 25,2019

May before parliament

Pound Sterling is consolidating against the Euro with the Pound-to-Euro exchange rate quoted at 1.1520 at the start of the new week, if we look at the below chart we can see the pair has been more-or-less unchanged for four consecutive days of trading now.

February 25,2019

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