The Pound reached its highest level against the Euro this year, as markets prepare themselves for a potential Marine Le Pen victory. These levels may not present themselves for long with the UK expected to begin its withdrawal from the EU in the coming weeks.
The potential for more US interest rate hikes next year has strengthened the position of the US Dollar, but with Brexit and the European elections still at play, exchange rates could remain volatile in 2017.
Pressure is mounting on the Eurozone ahead of the European elections next year, could now be the best time to sell Euros?
Pound to Euro exchange rates have been under mounting pressure following the EU Referendum in June, but with a series of European elections next year, the Euro could face further weakness.
With Donald Trump’s win in the US Presidential election and the High Court’s ruling on Brexit resulting in Pound strength, and the markets seemingly governed by politics rather than economic trends, further surprises are certainly not out of the question.
Brexit uncertainty continues to weaken the Pound and with little plans from Government, further losses could be on the horizon. Whilst this could continue for some time, political events in Europe and the US could present opportunities for those selling Sterling.
The Pound has begun September well with the first two days of trading recording three cent gains against the Euro, two cent gains against the US Dollar, and three cent gains against the Australian Dollar. The following article looks at what to expect from the Pound this month.
Pound Sterling finds stability in the wake of Brexit, but what implications does this have for the global economy? The following article looks at GBPEUR, GBPUSD and GBPAUD exchange rates over the coming days and weeks, highlighting any potential events that could impact your buying or selling requirements.
We have now entered into the final full month before the EU Referendum. I have so far been surprised by how much faith has been put in the polls, the value of the Pound is showing clear correlations to the jostling for position between the Remain and Leave camps and a potential Brexit.
Are you worried about the EU Referendum? We have explored an array of possibilities based on the outcome of the Referendum and this article discusses the different economic, political and social implications of a possible Brexit.