The Pound is tipped to rise against the Euro in the coming months and has been labelled as a buy at Societe Generale ahead of Wednesday’s budget, which is expected to yield a sharp increase in public sector spending that could help the economy to outgrow its continental rival in the years ahead.

March 11,2020

Predictions for a worldwide recession and deep sell-off in global stock markets of up to 25% could ensure the conditions remain in place for the British Pound to fall yet further against the Euro.

March 10,2020

The Pound has suffered its fourth consecutive weekly loss to the Euro and fallen below a key technical support level on the charts in the process, undermining the multi-month uptrend in the Pound-to-Euro rate and exposing it to the risk of further declines up ahead. 

March 8,2020

With global stock markets turning red over the past 24 hours amidst resurgent coronavirus angst, the Euro's stellar run extended with most global currencies registering losses.

March 6,2020

The Euro's stellar run since global financial markets caught the coronavirus jitters has left the currency looking expensive in short-term timeframes, and a retracement of a portion of its gains was always likely. The fundamental trigger to the Euro's pullback meanwhile appears to be the rally in global stock markets, to which the Euro is negatively correlated. In short, when markets are selling off the Euro tends to find support, when markets are rising the Euro fades back.

March 4,2020

Pound Sterling has edged higher against the Euro over the course of the past 24 hours, but the gains failed to convince that a meaningful turnaround in fortunes for the heavily sold UK currency is about to transpire.

March 4,2020