The Pound-to-Euro exchange rate suffered a setback last week and now risks finding itself sidelined into a consolidation range spanning the gap between 1.1750 and levels as low as 1.1550, pending clarity on the domestic coronavirus situation and progress of UK’s economic recovery.
July 26,2021
The British Pound is predicted to appreciate in value against the Euro over coming weeks by a number of foreign exchange strategists we follow, with one suggesting levels of 1.25 cannot be discounted.
July 23,2021
Pound Sterling's recovery against the Euro gathered momentum in the wake of the European Central Bank's July policy update.
July 22,2021
The British Pound has now fallen for five days in succession against the Euro with foreign exchange markets selling the UK currency in conjunction with a dip in global market sentiment, although Thursday's European Central Bank meeting might offer some near-term stability.
July 21,2021
"Continued dovishness from the ECB will pave the way for increased policy divergence in the near-term and weigh on the Euro."
July 20,2021
The Pound-to-Euro exchange rate enters the new week near significant support levels on the charts and with scope to recover the 1.17 handle in an ongoing effort to erode resistance just to the north of it, although subject to pending developments in Bank of England and European Central Bank policy guidance.
July 19,2021
The British Pound was bid in mid-week trade following the release of UK inflation data for June which came in hotter than expected, prompting expectations that a 2022 Bank of England interest rate rise was increasingly likely.
July 14,2021
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