Euro forecast page 5 - eur euro

The yen was broadly resilient on Thursday despite weaker than expected Japanese GDP data and the Dollar to Yen (USD/JPY) exchange rate dipped below 150.0 after the latest US retail sales data. The Euro to Dollar (EUR/USD) exchange rate also recovered to 1.0785 highs from 3-month lows near 1.0700 before trading around...

UK data on Thursday confirmed that the UK dipped into technical recession for the second half of 2023. The Pound registered limited net losses with the Pound to Euro (GBP/EUR) exchange rate retreating to 1-week lows at 1.1690 before trading just below 1.1700. According to MUFG; “It looks like light EUR/GBP shorts had been built up...

The Pound to Euro (GBP/EUR) exchange rate retreated sharply from 5-month highs of 1.1760 after the latest UK inflation data and retreated further to near 1.1700 after Bank of England Governor Bailey stated that downward pressure on inflation is quite broad-based. Markets are pricing in a 50% chance of a June rate cut with immediate...

The Pound Euro (GBP/EUR) exchange rate posted gains after stronger-than-expected UK labour-market data with lower unemployment and evidence of sticky wages growth. Although the labour market has cooled, the Bank of England will be concerned that wages growth is still too high to allow an interest rate cut. The Pound to Euro...

Dollar Surges to 3-Month Highs on Stronger Than Expected US Inflation Data, EUR/USD Exchange Rate Slides to Test 1.0700 Market expectations surrounding US interest rate cuts have faded throughout the past few weeks and the latest US inflation data triggered another sharp dip in expectations. The currency index overall hit 3-month...

The Pound to Euro (GBP/EUR) exchange rate has continued to find support close to 1.1700 and settled around 1.1715 on Monday as tight ranges have prevailed. UK data this week will have an important market impact and volatility will inevitably increase with the possibility of a breakout. MUFG still forecasts that GBP/EUR can...

Currency analysts at SocGen sees a risk that the Euro to Dollar exchange rate (EUR/USD) will slide to 1.05 if expectations of US Federal Reserve rate cuts are scaled back further. NatWest also sees the risk of a near-term retreat to 1.05, but forecasts a rebound to 1.15 by year-end as the Fed does cut interest rates. EUR/USD hit...

Foreign currency experts at Goldman Sachs expect that the Pound-Euro exchange rate will strengthen to 1.2050 at the end of 2024 before a limited correction to 1.1765 at the end of 2025. In contrast, RBC Capital Markets expects that GBP/EUR will decline to 1.1495 by the end of 2024 with a slide to 1.0640 by the end of 2025. GBP/EUR...

Foreign exchange update: The Pound to Euro (GBP/EUR) exchange rate has been held in tight ranges during the past 24 hours with mixed influences on the pair. GBP/EUR held above 1.1700, but unable to challenge resistance level and settled around 1.1715. Although GBP/EUR should hold firm, resistance will be tough to break down. The...

GBP/EUR Exchange Rate Rebounds from 2-Week Lows on Positive UK News Flow The Pound to Euro (GBP/EUR) exchange rate dipped to 2-week lows just below 1.1670 on Tuesday before a solid recovery to just above the 1.1700 level. The overall UK data flows has remained broadly positive which has helped underpin the Pound. Sentiment in...