Weekly FX Update

Updated: Mar 26


Monday 9AM 15th March: 1.16808

The GBPEUR came very close to breaking the 1.17 barrier again last week, however failing to reach it may see a slight correction in the coming days, despite a spike to 1.16893 early this morning. The UK have now completed more than 24 million doses of the first vaccination, which has further strengthened its advantage over Europe and increased confidence in the UK's lockdown exit roadmap. Looking ahead to this week, the Bank of England are set to announce its latest interest rate and monetary policy. The Bank are looking unlikely to make any significant changes, nevertheless, optimism will help the Pound on its bullish streak, and caution could lead to losses against the Euro.


Monday 9AM 15th March: 1.39417

The GBPUSD rose back above 1.39 last week as daily Covid-19 infections continue to fall in the UK. There is increasing confidence in reopening the economy by Summer as the stress on the NHS declines from a direct result of reduced hospitalisations. Moreover, US core inflation rose less than expected, which weighed on the Dollar heading into the weekend. With no expected significant financial data to emerge, this week will likely see the GBPUSD rate fluctuate around the 1.40 mark.

4 views0 comments

Recent Posts

See All

Weekly FX Update

GBPEUR Monday 9AM 22nd March: 1.16499 The GBPEUR rate saw increased strength in Sterling heading into Friday. Fluctuations around the 1.17 barrier meant the exchange rate reached a new 12-month hig

Weekly FX Update

GBPEUR Monday 9AM 8th March: 1.16339 The GBPEUR rate survived Wednesday’s budget announcement and closed the week strong, holding support at 1.15. The European Central Bank will update the public v

Weekly FX Update

GBPEUR Monday 9AM 1st March: 1.15700 The Euro (€) continues to be pressured by the Pound, despite last week’s profit-taking seeing a slump to 1.14651 on Friday. It has since recovered slightly in a

Go Group Holdings

Go Xchange

Go Privilege

Go Sporting

Payment services for Go xchange Limited are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)

Go Xchange's payment and foreign currency exchange services are provided by Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.