The Pound to Euro exchange rate has unwound all of the gains made since the earliest days of Russia’s invasion of Ukraine in recent weeks, leaving it trading at a discount to short-term fundamental factors and signals that led TD Securities to tip Sterling as a buy with a 1.2121 target this week.

May 31,2022

The Pound to Euro exchange rate has drawn interest from dip buyers upon slippage below the 1.17 handle but could struggle to extend its nascent rebound by much above the 1.18 level in the week ahead, and will potentially spend its time trading within roughly a 1.1695 to 1.1838 range. 

May 30,2022

Pound Sterling Sunak

"The lack of GBP reaction to the government’s GBP15bn support package for households is revealing" - HSBC.

May 27,2022

Shanghai

According to analysts at Barclays the answer to the question of where the Euro heads next could actually be found in China.

May 26,2022

Lagarde boosts the Euro

Euro exchange rates rose at the start of the new week after European Central Bank President Christine Lagarde cemented expectations for a July interest rate hike.

May 23,2022

The Pound to Euro rate has lifted off early May lows but could be likely to consolidate its recent gains within roughly a 1.1771 to 1.1867 range over the coming days due in part to the prospect of a further rebound by China's Renminbi, which would have positive implications for Sterling and the Euro.

May 23,2022

ECB Lagarde

July rate hike now very likely at the ECB with a 50bp hike now preferred, this is supportive of EUR for now but any pushback by the central bank could undermine recent gains.

May 19,2022

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