GBP/EUR

 The Pound to Dollar sank following exit polls showing a leaderless country. 

The June 8 general election has changed from being a sure thing to a tight finish for Theresa May.

GBP/EUR is set to have a potentially volatile week with two major market moving events both on Thursday, June 8.

At the start of the new trading week, the consensus is that both the Pound and the Euro are susceptible to trading more softly over the next five days.

The Euro continues to make up ‘lost’ ground against most currencies as investors see an improving economic scenario and stronger political stability as providing a more attractive investment proposition.

GBP/EUR was falling to the floor of a box-like range it has been oscillating within for months between 1.15 and 1.20, however, today's retail sales results have led to a substantial recovery in the pair.

GBP/EUR has been moving in a sideways range over the last few weeks leaving market participants wondering where next?

GBP/EUR has been moving sideways in a range since the start of May, leaving market participants wondering where next for the pair?

The Pound has been falling against both the Euro and the Dollar on the morning after the Bank of England (BOE) rate meeting and the release of the BOE quarterly inflation report.

The Bank of England (BOE) voted 7-1 to keep policy unchanged at their rate meeting today with only Kristin Forbes wanting to raise rates and the quarterly Inflation Report meanwhile shows a downgrade to growth forecasts for 2017. But, analysts warn against writing off the Pound's chances of recovering its losses.

The Pound to Euro has been maintaining its recent trading levels as we near the release of the Bank of England (BOE) rate decision and quarterly BOE inflation report.

Steadily improving Eurozone data against a backdrop of heightened Brexit risk is likely to marginally favour the Euro over the Pound in the year ahead.

The Pound to the Euro rise was short-lived on Tuesday morning as strong Retail Sales data ended up being explained away as an Easter-effect.

Technical forecasts, commentary and data for Pound Sterling against the Euro over the next few days.

A major barometer of Manufacturing activity in the UK, the Purchasing Manager Index, showed a marked gain on Tuesday after it rose to a three-year high of 57.3 in April from 54.2 in the month before.

GBP/EUR has filled the gap formed at the start of last week after the Euro rose following the results of the first round of the French presidential election.

The Pound to Euro exchange rate collapsed on Monday morning, falling from Friday’s close of 1.1944 Euros to the Pound to open at 1.1796, due to the outcome of the French presidential election.

Last week the Pound moved higher on news of a snap general election being called in June, but is it likely to be able to keep up its momentum in the week ahead?

The rise of the communist candidate Jean-Luc Mélenchon has been the biggest surprise of the end-game in the French presidential election.