A ruling by a German court that says the European Central Bank's flagship quantitative easing policy is unconstitutionally sound has allowed the Pound-to-Euro exchange rate to move higher and test a formidable resistance level once more, which if broken could open the gate to fresh multi-week highs.

May 6,2020

The Euro fell against the British Pound and other major currencies on Tuesday following a ruling by a German court that the The European Central Bank (ECB) quantitative easing programme was legally flawed.

May 5,2020

The Pound-Euro rate could be vulnerable to further losses this week after a bearish Friday evening close although investor risk appetite, the Bank of England (BoE) and market response to any leaked details from the government's lockdown exit plan will set the trajectory of Sterling. 

May 3,2020

Pound Sterling rallied against the Euro ahead of month-end courtesy of a broad-based decline in the Eurozone's single currency following the April European Central Bank policy meeting, at which further easing measures were announced.

April 30,2020

The Pound-Euro rate has attempted to extend its April recovery into month-end this week but remained road blocked by a familiar technical level on Wednesday and now the whole rebound could potentially be kiboshed by Brexit-related hedging flows, according to Societe Generale.

April 29,2020

The Pound-Euro rate is recovering its footing on the charts and may attempt to tentatively explore its upside potential over the coming days but a possible Doji candle on the weekly charts is a negative omen for the trend in the exchange rate and Brexit concerns are returning to haunt the British currency.  

April 26,2020