GBPEUR was once again unable to maintain levels above 1.17 on a sustained basis following comments from the Bank of England that interest rates were close to a peak.
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The strong rebound by Pound Sterling against the Euro over recent hours confirms a view that the UK currency might remain in touching distance with its 2023 highs over the near future.
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GBPEUR) is forecast to remain supported above 1.16 over the coming days after a late-August pullback failed around 1.1620 and the subsequent rebound opens the door to another test of the 2023 highs…
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The British pound is going for less than one euro at the UK's largest airport as currency shops there charge continue to charge significant spreads.
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The rule of thumb is that upside inflation surprises are supportive of a currency as they elicit additional central bank interest rate hikes.
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August has confirmed and bolstered the view that the Pound to Euro exchange rate has now entered a sideways pattern, but rising volumes and downside data surprises could break the range over the co…
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An analyst we follow says he favours buying the Pound against the Euro at these levels on a tactical basis, but the Euro could benefit in the short term if inflation numbers beat expectations.
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