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The Pound to Euro exchange rate has recovered the 1.18 level with the help of a spiralling Euro and ousting of another Prime Minister from the Banana Republic of Westminster but the risk is that all of this has merely just scripted Sterling into a rerun of The Post-mortem Cat Show.
July 11,2022
The gains would suggest the currency had been carrying a degree of political risk premium that looks to have now been covered to a certain extent.
August 2,2022
GBP/EUR has appreciated this week as EUR/USD falls faster than GBP/USD. But any corrective EUR/USD rally to pressure GBP/EUR.
August 2,2022
The Pound to Euro exchange rate shifted higher during the opening half of the week owing to large and widespread declines by the Euro, and the single currency is again likely to be instrumental in determining if Sterling ends the week back down around 1.1622 or further up near to the 1.18 handle.
July 7,2022
The euro has lost its latest deep-pocketed buyer says Alex Kuptsikevich, FxPro senior market analyst.
July 6,2022
The Euro has fallen to its lowest level since 2003 against the Dollar and is on the back foot against the Pound amidst a sharp deterioration in investor sentiment towards the Eurozone as gas prices surge following morning reports of the shutdown of a key gas transit pipeline.
July 5,2022
The Pound to Euro rate has been almost volatile during recent trading but could be likely to find itself confined within roughly a 1.1544 to 1.1695 range during the week ahead as Sterling and the Euro increasingly lack differentiation from one another.
July 4,2022
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