Only speculate with money that you can afford to lose. Notable Eurozone data to keep an eye out for next week includes PMI projections, due on Wednesday. This saw the BoE report that its policymakers were briefed on how negative interest rates might be introduced, the bank’s strongest signal yet that such policy action could be on the cards. Low: 1.0708. hbspt.forms.create({ Of course, with coronavirus cases rising in major Eurozone nations like Germany, the Pound to Euro exchange rate could be influenced by Eurozone coronavirus developments as well. » Best euro rate? The behavior of the GBP/EUR pair is based on a full daily market analysis. To display currency pair charts. In Nov 2020, a bearish trend is predicted for the EUR/GBP currency pair. The agenda for the EU summit will be set a week before the meeting, and EU COVID-19 rescue package will be a main talking point, but so will Brexit. portalId: "4607863", “New Zealand’s more aggressive approach to monetary stimulus will probably set it apart from Australia. The Euro has been driven more by strength in rival currencies.
In Oct 2020, a bearish trend is predicted for the GBP/EUR currency pair. However the leader of the opposition Kier Starman today has told the Prime Minister to ‘get a grip’ regarding the easing of the lockdown as Labour fear a second wave. While the pair was unable to sustain its best levels, it still trended over a cent high in the region of 1.0967 on Friday. Low: 1.0617. China recovery will support Australian dollar. TorFX News is your definitive destination to read the latest news about the foreign exchange market. are provided to the general public. In Dec 2020, a bearish trend is predicted for the GBP/EUR currency pair. EUR to USD forecast for March 2021. “As we have repeatedly highlighted over the past year, the risks to our sterling profile are skewed downward because of Brexit.
Any news, opinions, research, analysis, values or other information contained on this story, by Exchange Rates UK, its employees, partners or contributors, is provided as general market commentary. The average monthly price will be 1.0667. The UK’s deadline for a Brexit negotiation is at the end of June, therefore the messaging that the EU give at this summit is going to be extremely important, and is likely to have a major impact on pound to euro exchange rates.
Copyright © 2006-2020 Exchange Rates UK. Other key news to potentially move the market include Eurozone Retail Sales and also on Friday the latest US NFPR (Non-Farm Payroll) and Unemployment data for the United States. » Best Canadian Dollar rate? The trigger for this retreat were worries in the market that the EUR rise had come too fast and strong for the ECB’s liking. Low: 0.887311. The week ahead is action packed for GBPEUR levels, with the latest UK Bank of England interest rate decision due on Thursday. In Oct 2020, a bullish trend is predicted for the EUR/GBP currency pair. In the beginning rate at 1.077 Euros. The slightly better than expected US Manufacturing data helped contribute to some slightly more optimistic news last week that has also seen signals the lockdown will be easing globally. In Oct 2020, a bearish trend is predicted for the GBP/EUR currency pair. GBPEUR interbank exchange rates rose higher last week on the back of worsening economic data for Europe, although sterling was not immune from the bad news. Save money on your currency transfers with TorFX, voted International Money Transfer Provider of the Year 2016, 2017 and 2018. A weaker-than-expected set of German IFO business … read more, GBP/EUR Exchange Rate Dented as Boris Johnson Warns of ‘Challenging’ Six Months
By. As we see further relaxation of the lockdown measures put in place in the weeks to come, allowing more people back to work, it will mean few people paid via the government’s furlough scheme, which can only be positive for the pound. » Best Dollar rate? Forecast of the Pound Sterling to Euro (GBP/ EUR) for 2021 . Exchange Rates UK will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Expert opinions on foreign exchange from the team at Foreign Currency Direct. With Trade talks between the UK and EU set to resume this week, it’s safe to assume that Brexit will be back in the spotlight for GBP investors, with the Pound likely to face some headwinds if concerns over the UK’s internal markets bill leads to negotiations remaining deadlocked. The pound to euro exchange rate closed the week at 1.0915 having reached 1.1008 the day before and dipped to 1.0775 exactly 1 week prior. If there are no optimistic developments in Brexit talks by mid-October, the perceived chances of a no-deal Brexit will surge. 4 Bank Forecasts for the British Pound in 2020 Forecasts for the British Pound vary from bank to bank and from month to month. }); This site uses cookies to track your site preferences and analyse traffic. GBP/EUR trended with an upside bias throughout the week.