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Euro forecast page 8 - eur euro

A round up of the latest Euro forecast news items from the Currency News desk.

Euro's "Broader Corrective Undertone is Clear on Weekly chart" say Scotiabank

11 Jan 2024 at 2 PM - Written by Tim Boyer

The Euro to Dollar (EUR/USD) exchange rate was again held in tight ranges during Wednesday. EUR/USD found support just above 1.0920, but secured only a brief move above the 1.0950 level. There were no significant US developments during the day with an absence of market-moving factors. According to Scotiabank; “there is little...

CATEGORIES: Euro Dollar Forecasts

Euro to Dollar Exchange Rate Drifts Lower Ahead of US Inflation Data

10 Jan 2024 at 2 PM - Written by Frank Davies

The Euro to Dollar (EUR/USD) exchange rate was unable to make further headway on Tuesday and gradually retreated to 1.0915 around the Wall Street open. The 10-year yield moved back above 4.00% and equities retreated which limited any risk of further dollar selling and EUR/USD was in no shape to test 1.10. The US NFIB small-business...

CATEGORIES: Euro Dollar Forecasts

Pound Sterling's 2024 Momentum vs Euro, Dollar Stalls on UK Data

9 Jan 2024 at 10 AM - Written by David Woodsmith

The Pound has gained ground in 2024 on the basis of stronger-than-expected UK data and an easing of immediate recession fears. The data has also bolstered expectations that the Bank of England will resist any moves to cut interest rates. The Pound to Euro (GBP/EUR) exchange rate hit 3-week highs just above 1.1645 late on Monday...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate: Tests Important Resistance on UK/EZ Divergence

8 Jan 2024 at 3 PM - Written by Frank Davies

The Pound to Euro exchange rate strengthened to a 2-week high just below 1.1630 on Friday before correcting slightly on Monday to trade around 1.1610. The relative outlook for the UK and Euro-Zone will remain a key element for the Pound. According to Rabobank; “While it is still difficult to paint a glaringly optimistic picture of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast 2024-2025: Consensus at 1.1520

8 Jan 2024 at 7 AM - Written by John Cameron

Rabobank forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.1905 at the end of 2024. In contrast, ING expects that GBP/EUR will slide to 1.1110 on a 12-month view. The consensus forecast in the latest Reuters poll was for GBP/EUR to trade slightly weaker at 1.1520 by the end of 2024. According to...

CATEGORIES: Pound Euro Forecasts

MUFG: Euro to Dollar Rate Tipped to Strengthen to 1.14 by End-2024

8 Jan 2024 at 7 AM - Written by Frank Davies

MUFG foreign exchange analysts forecast that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.14 at the end of 2024. On a shorter-term view, MUFG forecasts EUR/USD at 1.08 at the end of the first quarter and other banks are also less confident that EUR/USD can advance in the short term. Scotiabank, for example, considers...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Outlook: Scope to 1.1630 say ING Analysts

4 Jan 2024 at 5 PM - Written by Frank Davies

The Pound to Euro (GBP/EUR) exchange rate posted net gains on Wednesday with a test of the 1.1600 level and corrections were very limited. The latest UK data releases suggested that the economy was more likely to steer away from recession, especially as a further decline in mortgage rates should help underpin the housing...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Rate Not in a Position to Challenge 1.10

4 Jan 2024 at 5 PM - Written by James Fuller

The dollar was unable to make any headway against European currencies ahead of Thursday’s New York open, but posted tentative net gains following stronger than expected US jobs data. Following the US data, the Euro to Dollar (EUR/USD) exchange rate retreated to 1.0940 from 1.0970, but selling was limited as equities resisted...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Exchange Rate: Weaker Equities Limit Sterling Buying Interest

3 Jan 2024 at 9 PM - Written by David Woodsmith

The Pound to Euro exchange rate was unable to hold 1.1565 highs on Tuesday with a retreat to 1.1520 before a fresh advance to 1.1550 on Wednesday. GBP/EUR will still find it difficult to make significant headway if equities remain under pressure. The FTSE 100 index traded close to 0.5% lower on Wednesday with a 0.7% retreat for the...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecast 2024: EUR/USD Retreats on January Blues

2 Jan 2024 at 8 PM - Written by John Cameron

The Euro to Dollar (EUR/USD) exchange rate posted a 5-month high just below 1.1140 on December 28th before a retreat to around 1.1040 on the final trading day of 2023. The Euro posted further sharp losses on Tuesday with EUR/USD dipping to just below the 1.1000 level. Seasonal elements will be potentially important with the Euro...

CATEGORIES: Euro Dollar Forecasts