Euro forecast page 3 - eur euro

The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 1.1685 after the latest inflation data before a recovery to 1.1710. ING expects Thursday’s Bank of England decision will be crucial in determining whether GBP/EUR can attack 1.1765 resistance. The slightly lower-than-expected inflation data nudged markets towards a Bank...

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

Foreign exchange analysts at RBC Capital Markets expect to see a Pound Sterling retreat to 1.15 at the end of 2024 and forecasts a major slide to 1.06 at the end of 2025. BNP Paribas, however, expects that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.21 at the end of 2024 and hold the gains until the end of...

The Pound to Euro exchange rate (GBP/EUR) again found support below 1.1700 on Wednesday and moved back above 1.1700 to trade just above this level on Thursday. Global markets conditions have been favourable for the Pound with low volatility and net gains in equities as the UK FTSE 100 index posted a 7-month high. According to MUFG;...

The Pound to Euro (GBP/EUR) exchange rate has found support just below 1.17 and edged above this level after the UK GDP data. The Pound and Euro have both benefitted from robust risk conditions with the US S&P 500 index posted a fresh record high overnight while several European bourses have also posted record highs. Apart from...

Foreign currency strategists at CIBC forecast the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.12 at the end of 2024 and 1.16 by 2025-2026. Danske Bank still favours selling rallies; “look for strategic selling opportunities and sell on near-term rallies as the ongoing trend of strong US macro data continues.” The...

Foreign exchange analysts at CIBC expect the Pound to Euro exchange rate (GBP/EUR) to strengthen to 1.19 at the end of the second quarter. MUFG expects risk conditions will be important; “the current favourable low volatility market conditions for carry trades that favour the pound more than the euro.” GBP/EUR was unable to...

Benign global risk conditions and expectations of an ECB rate cut ahead of the Bank of England (BoE) have underpinned the Pound in global markets with the Pound to Euro (GBP/EUR) exchange rate strengthening to 3-week highs just below 1.1740. There is likely to be further strong resistance on any GBP/EUR move to 1.1765 and a slide in...

The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 10-day lows near 1.1660 on Friday before a tentative recovery and traded around 1.1685 on Monday. Two key events this week will be the UK budget on Wednesday and ECB policy meeting on Thursday. The shaping of the fiscal and monetary debate by the UK government and ECB will...

Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of 2024. In contrast, Danske Bank is still backing dollar strength with a 12-month EUR/USD forecast of 1.04. EUR/USD was marginally stronger on the week, trading around 1.0830...