Read our currency forecasts and market reports for details of what could affect the Pound, Euro, US Dollar, Australian Dollar and many of the other major currencies.
GBP/EUR yesterday did start to see elements of doubt creeping into the Government roadmap with GBPEUR droppign below 1.15’s before finding itself back above 1.16 to close the day.
By Ben Fletcher
Raising concern within the UK regarding the Indian Covid variant could scupper plans for 'Freedom Day', which could potentially cause sterling value to weaken.
The pound continues to rally up against its major counterparts as sterling finds a new 3 year high against the dollar, which sits just under 1.42.
The Bank of England (BoE) could tomorrow provide sterling with a shot in the arm helping taking the pound out of the recent lulls against the euro and US dollar.
The IMF have released their latest economic forecast and prodict that 'global growth is projected at 6% in 2021, moderating to 4.4% in 2022.'
Yesterday, GBPEUR interbank exchange rates briefly passed the 1.18 resistance barrier, before reteating back to the 1.17 level.
The GBPEUR exchange rate was higher by 0.12% after Rishi Sunak announced the latest Budget.
Pound to euro exchange rates rose to nine-month highs last week, could rates continue to rise higher?
Last week was positive for the pound, reaching mid 1.14 in the later part of the week.
Sterling this morning starts the day on the frontfoot against the euro, continuing to make gains and reach 1.13523 at the time of writing.
Prime Minister Boris Johnson last night in a national address placed the whole of the UK into national lockdown from Wednesday this week.
A few weeks ago, a deal seemed to have been on a horizon, however significant differences still remain.
The pound clawed back some of its losses yesterday, following nearly a 2-cent loss mid-week compared to the start of the week.
Following the moving of the end of October deadline for Brexit talks, the latest deadline of the 14th November is upon us this week.
Very anti-climactic week previously as very little news seems to come out of the summit regarding updates to Brexit.