Euro forecast page 6 - eur euro
A round up of the latest Euro forecast news items from the Currency News desk.
Euro to Pound Outlook: The Down Trend has "Tentatively Stalled" says SocGen
7 Feb 2024 at 4 PM - Written by John Cameron
STORY LINK Euro to Pound Outlook: The Down Trend has "Tentatively Stalled" says SocGen
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...
CATEGORIES: Euro Pound Forecasts
Euro to Dollar FX Forecasts: 1.07 in One Month, 1.05 in Three
5 Feb 2024 at 8 PM - Written by Tim Boyer
STORY LINK Euro to Dollar FX Forecasts: 1.07 in One Month, 1.05 in Three
US Dollar Extends Gains after US Prices Data, EUR/USD Exchange Rates Slide to 11-Week Lows The US data on Monday was again stronger than expected and, although there were still concerns that official data was overstating US strength, there was still further US gains, especially with European currencies again generally out of...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Week Ahead Forecast: A Push Towards 1.18?
4 Feb 2024 at 12 PM - Written by John Cameron
STORY LINK Pound to Euro Week Ahead Forecast: A Push Towards 1.18?
Foreign exchange strategists at Credit Agricole forecast that the Pound Sterling (GBP) will strengthen to 1.1900 against the Euro (EUR) by the end of 2024. Danske Bank still forecasts that the GBP/EUR exchange rate will weaken to 1.1235 this year. Relative economic expectations remain a key element and GBP/EUR posted 5-month highs...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months
4 Feb 2024 at 12 PM - Written by David Woodsmith
STORY LINK Euro to Dollar in 2024: Danske Bank Predicts 1.05 in Twelve Months
Foreign currency experts at Danske Bank expect that the Euro to Dollar exchange rate to weaken towards 1.05 on a 12-month view. In contrast, MUFG expects EUR/USD will strengthen to 1.14 at the end of 2024. Dollar bears suffered a double setback during the week. Federal Reserve Chair Powell cast major doubts on the potential for an...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro: Sterling Dips Below 1.1700 Ahead of Weekend
2 Feb 2024 at 6 PM - Written by James Fuller
STORY LINK Pound to Euro: Sterling Dips Below 1.1700 Ahead of Weekend
The pound-to-euro (GBP/EUR) exchange rate dipped to lows at 1.1685 ahead of Thursday’s Bank of England (BoE) policy meeting. The BoE vote split and guidance were less dovish than expected and this triggered a rebound in the Pound as markets pared expectations of a May interest rate cut. GBP/EUR rallied to 1.1730 and traded above...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts
2 Feb 2024 at 10 AM - Written by Frank Davies
STORY LINK Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts
EUR/USD Exchange Rate Slides to 7-Week Lows as Fed’s Powell Says March Rate Cut is Unlikely The dollar dipped at times following Wednesday’s Federal Reserve policy decision, but Chair Powell’s comments that a March rate cut was unlikely proved decisive and the dollar posted significant net gains. Risk appetite was also less...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro FX Outlook: The key GBPEUR level to watch is 1.1765
1 Feb 2024 at 8 AM - Written by John Cameron
STORY LINK Pound to Euro FX Outlook: The key GBPEUR level to watch is 1.1765
The Pound to Euro exchange rate dipped sharply to lows at 1.1670 on Tuesday after slightly better-than-expected Euro-Zone data, but traded back above 1.1700 on Wednesday. The UK data releases have been generally favourable which has helped underpin the Pound while initial Euro-Zone inflation releases have been weaker than expected...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Rate Today: Eurozone Avoids Recession
31 Jan 2024 at 8 AM - Written by John Cameron
STORY LINK Pound to Euro Rate Today: Eurozone Avoids Recession
The Pound to Euro exchange rate hit 5-month highs just below 1.1750 on Monday before a retreat to 1.1710 on Tuesday. Slightly disappointing UK credit data and better-than-expected Euro-Zone GDP data triggered a Pound correction. According to flash data, Euro-Zone GDP was unchanged in the fourth quarter of 2024 compared with...
CATEGORIES: Pound Euro Forecasts
Pound to Euro: Best Money Transfer Rates of Five Months
30 Jan 2024 at 8 AM - Written by John Cameron
STORY LINK Pound to Euro: Best Money Transfer Rates of Five Months
Dovish ECB Expectations Continue to Sap Euro Support, GBP/EUR Exchange Rate Hits Fresh 5-Month Highs The Pound to Euro (GBP/EUR) exchange rate found support at 1.1700 on Friday and posted a further advance on Monday with a fresh 5-month high just above the 1.1730 level. The Euro-Zone economic data releases and Bank of England (BoE)...
CATEGORIES: Pound Euro Forecasts