The EURGBP rate has given up almost two cents recently as the bloc’s economies struggle with the upward battle against the pandemic. Despite the World Bank believing that the UK economy would shrink by 10% this year, July’s economic activity had seen 6.6% growth whilst the European...
The latest data from the manufacturing sector kicked off the week from a EURGBP perspective. With social distancing rules varying across member states the growing worry was that production levels across Europe’s largest factories would suffer due the lack of human resource being permitted to work on...
Euro strength creates a difficult situation for the European Central Bank (ECB) to navigate, by changing monetary policy amid weak growth and deflation. The rhetoric against the strength of the common currency may ramp up with further ECB easing likely, which could cause further euro strength, according...
Euro exchange rates have had a positive week against most major currencies, with the most notable movement being against the U.S Dollar, current interbank exchange rates are up around 1.19 which is a 2 year high.
The EUR/USD exchange rate has move roughly 3% in favour of the...
Euro to pound exchange rates have remained strong against the pound, as Sterling continues to feel the effects of the pandemic. The lack of progress of the Brexit talks has appeared to stunt Sterling’s recovery vs the euro and we should find out soon whether or not...
One of the key points for euro instability at present is the problems surrounding emergency funding to be shared throughout the bloc to combat the economic impact of COVID-19. This is likely to be the main driver, as well as Brexit developments, for the euro to pound...
The Euro to Pound exchange rate has been gradually climbing since Monday, with the pair trading at its best level of the week at the time of writing. Monday was bad day for the pair as the Pound had its best day against the Euro in around...
Currently, mid-market levels for euro to pound is at a 2-month high at 0.897 on midmarket rates showing the recent strength for the single currency whilst euro to US dollar has been making continuous inroads against the USD as the start of May at 1.08 has grown...
We have seen volatility this week on euro to pound exchange rates. On Tuesday Andy Haldane of the Bank of England (BoE) stated that the UK was a long way from negative interest rates, there had been rumours circulating there could be a rate cut into negative...
