Pound euro exchange rate: GBP/EUR edges higher on Eurozone’s economic woes
THE pound euro exchange rate rose to €1.104 today following August’s flash Eurozone inflation figure, which confirmed estimates by holding steady at 1 percent. Meanwhile, core inflation fell below forecasts to 0.9 percent. Daily Express :: Finance Feed
Pound euro exchange rate: GBP/EUR rises on cross-party no-deal Brexit opposition
The pound-euro exchange rate rose to €1.105 today, buoyed by opposition against a no-deal Brexit following a cross-party meeting led by Labour leader Jeremy Corbyn. Mr Corbyn has prioritised legislative methods to block a no-deal Brexit on October 31, with the aim of invoking a vote of no-confidence in the Conservative government. Daily Express :: […]
Pound euro exchange rate: GBP/EUR falls as doubts increase on UK-EU Brexit compromise
After storming higher yesterday the pound euro exchange rate is holding steady at €1.105 as doubts return to the Brexit forum, despite Prime Minister Boris Johnson’s unexpectedly successful visit to Europe. Although French President Emmanuel Macron was initially forthcoming in his proposals for a possible EU compromise over the Irish backstop, he then countered his […]
Pound euro exchange rate: GBP/EUR eases despite Eurozone inflation hitting a two-year low
The pound euro exchange rate eased to €1.0916 today despite Eurozone inflation falling to its weakest point in more than two years. The July report showed the year-on-year figure dropped from 1.3 percent to 1 percent. Analysts at Bloomberg commented: “The report adds to negative data over the past weeks that may convince [European Central […]
Pound euro exchange rate rises ECB sets up ‘strong’ stimulus package to boost Euro economy
The pound euro exchange rate edged to €1.094 this morning on speculation that the European Central Bank’s planned stimulus package will be bigger than initially expected. Olli Rehn, a member of the ECB’s rate-setting committee, said: “When you’re working with financial markets, it’s often better to overshoot than undershoot, and better to have a very […]
Pound euro exchange rate: Italian ‘Quitaly’ fears help GBP/EUR recover from 10-year low
The pound euro exchange rate edged higher today, with the pairing fluctuating around €1.080 as Eurosceptic Italian Interior Minister, Mateo Salvini, continues to push for a snap election, further exacerbating political turmoil in the European Union. Italy’s former Prime Minister Enrico Letta has also warned that Matteo Salvini could withdraw Italy from the EU: “One […]
Pound euro exchange rate sinks as UK economy contracts over Brexit uncertainty
The pound euro exchange rate fell today, leaving the pairing trading around €1.082 after worse-than-expected UK growth figures for the second quarter. UK GDP figures for June fell from 1.8 percent to 1.2 percent – a drop of 33 percent, the country’s worst rate of growth in six and a half years. Daily Express :: […]
Pound to euro: Pound plunges as GDP drops to worst level since 2012
THE pound has plummeted to a five-year low against the euro after quarterly GDP plunged to its worst performance since 2012. Daily Express :: Finance Feed
Pound euro exchange rate: GBP/EUR steady, German industrial production suffers in June
The pound euro exchange rate held steady today, leaving the pairing trading around €1.087 after German industrial production data fell below forecast in June. Daily Express :: Finance Feed
Pound euro exchange rate: GBP/EUR edges away from fresh two-year low
The pound euro exchange rate struck a fresh two-year low yesterday as the euro was bolstered by US dollar weakness. However, GBP/EUR has recovered 0.6 percent today to trade in the region of €1.087. The euro shed some of yesterday’s impressive gains this morning despite German factory orders data coming in slightly stronger than forecast. […]