Euro forecast page 7 - eur euro
A round up of the latest Euro forecast news items from the Currency News desk.
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
Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?
28 Jan 2024 at 3 PM - Written by John Cameron
STORY LINK Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?
Foreign exchange strategists at HSBC expect the Pound to Euro exchange rate to weaken to 1.1480. In contrast, Nordea expects GBP/EUR to strengthen to 1.19 at the end of 2024. GBP/EUR secured a significant net gain for the week with 5-month highs at 1.1735 before consolidation around 1.1715. The overall data flows bolstered...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole
28 Jan 2024 at 3 PM - Written by David Woodsmith
STORY LINK Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole
Foreign currency experts at Credit Agricole predict that the Euro to Dollar exchange rate will weaken to 1.05 at the end of 2024. After initial hesitation and vulnerability with the threat of 1.0715/25, ING still expects that EUR/USD will strengthen to 1.15 by the end of 2024. EUR/USD dipped to 6-week lows just below 1.0815 during...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England
27 Jan 2024 at 8 AM - Written by John Cameron
STORY LINK Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England
The Pound to Euro exchange rate spiked higher after Thursday’s ECB policy meeting with a 5-month high of 1.1730 and held above 1.1700 on Friday to trade around 1.1715. Expectations of a more dovish ECB policy sapped Euro support with the focus now moving to the Bank of England. According to ING, EUR/GBP is closing in on major...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets
27 Jan 2024 at 8 AM - Written by David Woodsmith
STORY LINK Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets
The choppy trend in currency markets continued in European trading on Friday with the Euro recovering from fresh 6-week lows to trade higher on the day. Stronger equities and hopes for concerted interest rate cuts this year helped support the Euro in global markets with the dollar unable to capitalise on evidence of firm US...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Rate Hovers Around 1.172 - GBP/EUR News
26 Jan 2024 at 1 PM - Written by Tim Boyer
STORY LINK Pound to Euro Rate Hovers Around 1.172 - GBP/EUR News
The Pound to Euro exchange rate briefly moved above the 1.1700 level after the stronger-than-expected business confidence data on Wednesday, but failed to sustain the gains and settled just above 1.1690. GBP/EUR will have scope for gains if the ECB forward guidance is less hawkish than expected later in the day. Otherwise, resistance...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank
26 Jan 2024 at 1 PM - Written by John Cameron
STORY LINK Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank
ECB Lagarde Fails to Deliver Hawkish Rhetoric, EUR/USD Exchange Rate Retreats to near 1.0850 US data releases were mixed on Thursday while markets priced in slightly more interest rate cuts by the end of 2024 following the latest ECB policy decision and press conference. In this environment, the Euro drifted lower with the Euro to...
CATEGORIES: Euro Dollar Forecasts