Recent Entries

  • BoE rate hike speculation underpins the pound

    BoE rate hike speculation underpins the pound   The pound enjoyed some notable support through the first half of October, as GBP investors begin to price in the possibility of a Bank of England (BoE) rate hike by the end of the year. This has seen GBP/EUR rally from 1.16 to 1.18, whilst push...
  • Pound fluctuates as UK economic recovery slows

      Latest currency news  GBP exchange rates struggled over the last fortnight as the UK supply chain and energy crises caused significant disruption. GBP/EUR fluctuated between €1.17 and €1.16, bouncing off a two-month low, while EUR/GBP wavered between £0.85 and £0...
  • Cautious trade infuses volatility into the currency market

    We have seen investors favour the US dollar at the expense of the pound and euro over the past couple of weeks, amidst souring market sentiment and the growing divergence in central bank policy. This has seen GBP/EUR climb from 1.16 to 1.17, whilst pushing EUR/GBP lower to 0.85. Meanwhile, GBP/USD...
  • Pound subdued as UK economic recovery slows

    Pound subdued as UK economic recovery slows   GBP exchange rates have been muted in recent weeks amid rising Covid cases and a slowing economic recovery. GBP/EUR fluctuated between €1.17 and €1.16, bouncing off a six-week low, while EUR/GBP ranged by about half a penny, just shy of...
  • US dollar skyrockets in cautious trade

    US dollar skyrockets in cautious trade   A risk-off mood has been the prevalent trend in the currency market over the past couple of weeks, resulting in investors favouring safe-haven currencies.  During this time, we’ve seen GBP/EUR slump from €1.17 to €1.16, whilst EUR...
  • Pound climbs on economic and coronavirus optimism

    GBP exchange rates have gained over the last fortnight, as strong economic data and falling Covid cases supported sterling. GBP/EUR has climbed from €1.17 to €1.18, and EUR/GBP has dropped from £0.85 to £0.84. GBP/USD has fluctuated from $1.38 to just shy of $1.40, currently ...
  • Currency outlook: Coronavirus resurgence bolsters the US dollar

    Currency outlook: Coronavirus resurgence bolsters the US dollar, Euro sees brief spike after ECB alters inflation target   Euro  EUR/GBP: Unchanged at £0.85 EUR/USD: Down from $1.19 to $1.17    The euro has faced some headwinds this month, as a notable pickup in the U...
  • Pound reopening optimism offset by surging cases

    Pound reopening optimism offset by surging cases   GBP exchange rates have wavered again at the beginning of this month, with the UK’s reopening optimism offset by concerns over the surge in coronavirus cases. GBP/EUR has fluctuated between €1.16 and €1.17, trending marginall...
  • Pound dented by dovish BoE outlook

    Pound dented by dovish BoE outlook GBP exchange rates have fluctuated throughout the second part of this month, as coronavirus continues to create volatility. GBP/EUR has wavered between highs of €1.17 and lows of €1.16, and EUR/GBP has ranged from £0.85 to £0.86. GBP/USD ha...
  • Pound undermined by coronavirus and Brexit fears

    The pound has traded in a wide range through the first half of June, amidst heightened coronavirus and Brexit concerns. During this period, we’ve seen GBP/EUR fluctuate between €1.16 and €1.15, whilst EUR/GBP has held at £0.86. Meanwhile, GBP/USD has retreated from $1.42 to $...
  • Pound’s advance slowed by coronavirus concerns

    Pound’s advance slowed by coronavirus concerns   The pound made modest gains over the past couple of weeks, with domestic coronavirus concerns preventing a stronger rally. During this period, we’ve seen GBP/EUR consolidate at €1.16, whilst EUR/GBP has retreated to £0.8...
  • Pound enjoys relief rally as political uncertainty fades

    Pound enjoys relief rally as political uncertainty fades The pound has struck higher so far in May in response to fading political uncertainty and optimism over the reopening of the UK economy. During this period, we’ve seen GBP/EUR climb from €1.14 to €1.16, whilst EUR/GBP has ret...
  • Pound fluctuates amid political uncertainty

    Pound fluctuates amid political uncertainty The pound has fluctuated over the past couple of weeks, amid political uncertainty and mixed data releases.  During this period, we’ve seen GBP/EUR slip from €1.16 to €1.15, whilst EUR/GBP has held at £0.86. Meanwhile, GBP/USD...
  • Pound pressured by potential vaccine shortages

    The US dollar suffered significant weakness over the past couple of weeks in response to falling Treasury yields and the Federal Reserve reinforcing its current dovish bias.  During this period, we’ve seen GBP/EUR plunge from a one-year high of €1.18 to €1.15, whilst EUR/GBP ha...
  • Pound buoyed by economic recovery optimism

    The pound has performed strongly over the past two weeks owing to increasing confidence in the UK economy.  Last week we saw the GBP/EUR exchange rate move and hold above €1.17, touching a high of €1.18 this week before sharply retreating again. Meanwhile, the GBP/USD exchange rate ...
  • Pound feels pressure from potential vaccine shortages

      During this period, we’ve seen GBP/EUR remain close to €1.16, whilst EUR/GBP has held at around £0.85. Meanwhile, GBP/USD briefly broke through to $1.40 before stumbling back to $1.38, while EUR/USD has traded between $1.19 and $1.18 Staying on top of the latest currency n...
  • Surging US Treasury yields propel US dollar to four-month high

    Surging US Treasury yields propel US dollar to four-month high   The US dollar has made steady gains over the past couple of weeks as the currency rose in step with a strong pick up in US Treasury yields. During this period, we’ve seen GBP/EUR climb from €1.15 to €1.16, whils...
  • Pounds soars on hopes for UK economic rebound

    Pound soars to multi-year highs on hopes for a strong UK economic rebound The pound has steadily advanced over the past couple of weeks, propelling GBP exchange rates to new highs. During this period, we’ve seen GBP/EUR climb from €1.13 to €1.15 whilst EUR/GBP has stumbled back to ...
  • Pound surges as BoE takes negative rates off the table

    During this period we’ve seen GBP/EUR climb from €1.12 to €1.14 whilst EUR/GBP slipped back to £0.87. Meanwhile, GBP/USD has climbed to a new eight-month high of $1.37, while EUR/USD slipped from $1.21 to $1.20.   Staying on top of the latest currency news can help you ...
  • Pound comes out on top amidst UK’s aggressive vaccinations

    Pound comes out on top amidst UK’s aggressive vaccinations programme   Over the past couple of weeks, we have seen the pound make some convincing gains, supported by the UK’s success in its vaccination programme. During this period, we’ve seen GBP/EUR climb from €1.10 ...
  • UK lockdown reverses pound’s Brexit deal gains

    UK lockdown reverses pound’s Brexit deal gains   Over the past couple of weeks, the pound has experienced dramatic swings in movement following the announcement of a Brexit deal as well as a new lockdown in England.   Latest currency news During this period, we’ve seen GBP...
  • Brexit uncertainty prompt Sterling sell-off

    Brexit uncertainty prompt Sterling sell-off   The first half of December has been marred by considerable volatility in the pound as the risk-off a no-deal Brexit continues to rise. During this time, we’ve seen GBP/EUR fluctuate between 1.11 and 1.08 whilst EUR/GBP has climbed to a high...
  • US dollar slumps to multi-year low amidst improving market mood

    US dollar slumps to multi-year low amidst improving market mood The second half of November saw the market mood grow increasingly positive, resulting in further losses for the safe-haven US dollar. During this time, we’ve seen GBP/EUR fluctuate between 1.11 and 1.12 whilst EUR/GBP has held a...
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  • US dollar undermined by US election and coronavirus vaccine

    US dollar undermined by US election and coronavirus vaccine   The US dollar experienced notable volatility over the past couple of weeks largely as a result of US election drama. During this time we’ve seen GBP/EUR climb from 1.10 to 1.11, whilst EUR/GBP has slipped back to 0.89. Mean...
  • Coronavirus fears strengthen the US dollar

    Coronavirus fears strengthen the US dollar    The US dollar has found itself back in vogue in recent weeks as second wave fears have seen investors favour the safe-haven currency. During this time, we’ve seen GBP/EUR drift up to 1.10, whilst EUR/GBP has drifted lower towards 0.89....
  • Lack of UK-EU trade resolution puts pressure on pound

    Lack of UK-EU trade resolution puts pressure on pound   Uncertainty over the continuation of UK-EU trade talks prompted fresh volatility for the pound, with investors still wary of the potential for a no-deal Brexit scenario. Even so, fresh signs of weakness within the Eurozone economy and n...
  • Coronavirus second wave fears rock currency markets

    Coronavirus second wave fears rock currency markets   A resurgence of coronavirus cases and the reintroduction of restrictions in Europe and the UK has triggered significant currency volatility over the past couple of weeks. This has seen GBP/EUR climb from 1.09 to 1.10 and dropped EUR/GBP t...
  • Pound suffers stunning fall amidst increased Brexit risks

    Pound suffers stunning fall amidst increased Brexit risks   We have seen significant volatility in currency markets over the past couple of weeks, particularly in the pound as a result of heightened Brexit uncertainty. This has resulted in GBP/EUR sliding from 1.10 to 1.09, and propelled EUR...
  • Pound plunges as UK’s Brexit rhetoric stokes no-deal fears

    Pound plunges as UK’s Brexit rhetoric stokes no-deal fears   The start of September brought notable volatility in the currency market, particularly for the pound amidst fresh Brexit jitters. So far this month we have seen GBP/EUR retreat from 1.12 to 1.10 and EUR/GBP rally to 0.90. Me...
  • US dollar rebounds from 2-year low

    US dollar rebounds from two-year low as the global recovery begins to show cracks Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…  Latest currency news  The...
  • US dollar nosedives boosting the pound

    US dollar nosedives boosting the pound   The past couple of weeks have been marked by a heavy sell-off of the US dollar, which has allowed the pound to surge. During this time, we’ve seen GBP/EUR climb from €1.09 to €1.10 and EUR/GBP slide to £0.90. Meanwhile, GBP/USD ...
  • Will weak Eurozone GDP figures weigh down buoyant Euro?

    Will weak Eurozone GDP figures weigh down the buoyant Euro? In recent weeks, the pound has gained ground on growing hopes for Britain’s economic recovery, while the euro surged on the EU’s agreement of a €750 billion recovery fund. The GBP/EUR exchange rate dipped from highs of &e...
  • Pound rallies as markets welcome the UK’s new stimulus package

    Pound rallies as markets welcome the UK’s new stimulus package   The past couple of weeks have seen a notable recovery in the pound, in response to an improving market mood and the announcement of a new UK stimulus package. During this time, we’ve seen GBP/EUR climb from €1....
  • Second wave fears drive volatility in currency markets

    Second wave fears drive volatility in currency markets   The past couple of weeks have been marked by some notable volatility in currency markets, amidst growing concerns that we face a coronavirus resurgence.  During this time, we’ve seen GBP/EUR slump from 1.11 to 1.09 and EUR/G...
  • Pound stabilises on hopes for Brexit deal

    The pound euro exchange rate has been trading statically at €1.11, while the GBP/USD exchange rate has recovered from $1.22 to $1.26.  EUR/GBP is unchanged at £0.89, but EUR/USD has pushed up from $1.08 to $1.12.  Staying up to date with the latest currency news can help you t...
  • Euro surges on EU’s Next Generation plan optimism

    Euro surges on EU’s Next Generation plan optimism   Hopes that the global economy is starting to recover as countries ease lockdown measures boosted market optimism last week. However, US-China trade tensions have capped some risk appetite and lingering Brexit concerns are weighing on t...
  • GBP/EUR drops to six-week lows

    GBP/EUR drops to six-week lows, coronavirus crisis still driving movement    The economic impact of the coronavirus pandemic has been the main driver behind currency movement over the past few weeks.  Last week saw the release of the UK’s latest flash GDP figure, which fell b...
  • Coronavirus uncertainty rocks currency markets in April

    Coronavirus uncertainty rocks currency markets in April   After experiencing wild fluctuations in March, the currency market was generally much calmer in April and the major exchange rates have been trading in fairly narrow ranges.  GBP/EUR continues trading in the region of 1.14 while ...
  • Coronavirus uncertainty rocks currency markets in April

    Coronavirus uncertainty rocks currency markets in April The past couple of weeks have been marked by some notable volatility in currency markets as the coronavirus crisis continues driving sentiment. During this time, we’ve seen GBP/EUR climb from 1.13 to 1.14 and EUR/GBP slip to 0.87. Mea...
  • Euro fluctuates in the face of EU ‘coronabonds’ division

    Euro fluctuates in the face of EU ‘coronabonds’ division    Coronavirus developments and March’s economic reports have continued dictating market sentiment in recent weeks, resulting in significant currency volatility.  The GBP/EUR exchange rate rose from lows of ...
  • Coronavirus panic turbocharges the US dollar, Pound collapses

    Coronavirus panic turbocharges the US dollar, pound collapses to 35-year low There has been some dramatic movement in the currency market over the last couple of weeks as it was rocked by the spread of the coronavirus.  During this time, we’ve seen GBP/EUR tumble from 1.15 to 1.07 and E...
  • Coronavirus panic & collapse in oil prices prompt market chaos

    Coronavirus panic and collapse in oil prices prompt market chaos   Coronavirus headlines have dominated market sentiment in recent weeks, resulting in some significant volatility in currency markets. Over this period we’ve seen GBP/EUR slump from 1.19 to 1.15 and EUR/GBP accelerate to ...
  • Brexit uncertainty and Budget expectations

    Brexit uncertainty and Budget expectations infuse volatility in the pound The pound has traded in a wide range over the past couple of weeks as speculation over the UK’s upcoming Budget and lingering Brexit uncertainty dominated movement in the pairing. This has seen GBP/EUR trade between 1...