Pound-Euro News Directory

Home

The British Pound and Dollar are both weaker against the Euro in mid-week trade with markets cheering the agreement of the EU's recovery deal and budget, which they say could result in further gains for the single currency over coming days and months.

July 22,2020

The Euro exchange rate complex was broadly lower on Tuesday in the wake of news EU leaders had agreed a new €1.8TN spending agreement, that includes a €750BN coronavirus rescue package which will largely be funded by the issuance of EU bonds.

July 21,2020

The Euro exchange rate complex was higher at the start of the new week, betraying the sense amongst investors that EU leaders were on track to agree a generous support package that would help Europe's economy recover from covid-19 crisis.

July 20,2020

The Pound-to-Euro rate slumped last week as Sterling underperformed but it could be liable for further declines in the coming days because the technical backdrop on the charts has deteriorated and bearish sentiment is beginning to build around the British currency, leaving it in need of progress in the Brexit talks.

July 19,2020

Following the release of inflation data there was a tick higher in the value of Sterling which had been recover the ground it lost over the course of the first two days of this week.

July 15,2020

Foreign exchange analysts at Goldman Sachs have raised their forecasts for the Euro against the British Pound and U.S. Dollar, saying the coronacrisis has reshuffled the economic outlook and they now hold "more confidence in sustained Euro appreciation".

July 14,2020

The Pound-to-Euro exchange rate has corrected higher in July and coming week will determine if this move is simply a rebound from oversold levels or the beginning of a more protracted turn higher that endures for longer.

July 12,2020