Pound Sterling crossed a key psychological and technical level against the Euro on Wednesday, January 22 after data showed confidence amongst UK businesses has increased substantially since the December General Election.

January 22,2020

The Pound-to-Euro rate slipped last week as Sterling underperformed all major rivals, although the charts suggest a neutral outlook ahead of jobs and PMI data which are due over the coming days and are key to the outlook for the British currency. 

January 20,2020

Pound Sterling has moved back against a key level against the Euro, as bulls fight to keep a multi-month uptrend alive and markets question the ability of the Bank of England to deliver an interest rate cut as soon as January.

January 15,2020

It now appears that the Pound is breaking down through the trend line and this would have us suggest the uptrend is ending and the Euro has the opportunity to regain the initiative.

January 14,2020

The was lower against all major currencies as markets closed Friday but it still ended the week a fraction higher against the Euro and remains above crucial support levels on the charts, although Sterling's resilience will be tested by several key pieces of economic data over the coming days.  

January 13,2020

The Pound-to-Euro exchange rate is set to close the week with a 0.5% gain, as a multi-week rally is kept alive by foreign exchange markets eyeing a stronger 2020 for the UK economy and greatly diminished political and Brexit-related risks on the horizon.

January 10,2020