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A combination of UK political developments and suggestions that the European Central Bank is readying a substantial stimulus package for the Eurozone economy conspired to push the Pound higher against the Euro into Friday.
August 16,2019
The Pound-to-Euro exchange rate is trading at around 1.0805 following a more stable mid-week session, which is about 0.67% higher than the 1.0733 lows plumbed at the end of last week.
August 15,2019
Pound Sterling has started the new week above the 10-year lows recorded in the late hours of the previous Friday, with the GBP/EUR exchange rate moving higher in response to signs of growing political anxiety in Italy.
August 13,2019
Our latest week ahead forecast for the British Pound against the Euro suggests the downside in the GBP/EUR exchange rate remains preferred.
August 11,2019
The British Pound has seen its sell-off against the Euro ease over the course fo the past three days, suggesting a temporary base might be forming.
August 8,2019
UK Prime Minister Boris Johnson can deliver a 'no deal' Brexit by simply refusing to stand aside in the event his Government is voted down in a no-confidence vote, say parliamentary experts.
August 6,2019
The British Pound is coming under fresh pressure against the single-currency at the start of the new week as fresh Brexit headlines are digested by nervous markets
August 6,2019
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
