Euro forecast page 9 - eur euro

The Pound to Euro (GBP/EUR) exchange rate found support just above 1.1600 on Thursday and consolidated around 1.1630 on Friday. The latest UK data has not changed the narrative for the overall outlook with the economy flirting with recession for the second half of 2023. There are, however, expectations that the economy will perform...

The dollar was unable to hold gains on Thursday despite the stronger-than-expected inflation data and also lost ground on Friday despite significant geo-political developments. The Euro to Dollar (EUR/USD) exchange rate found support below 1.0950 on Friday and was held in tight ranges with slight net gains to 1.0975, but no attack on...

The Pound to Euro (GBP/EUR) exchange rate dipped from 1.1630 to 1.1600 on Wednesday following comments by ECB council member Schnabel. GBP/EUR did find support at 1.1600 and settled around 1.1620 on Thursday. There is the potential for choppy trading after the US inflation data later on Thursday with overall risk conditions likely...

Sterling overall has been held in narrow ranges during Wednesday. The Pound to Dollar (GBP/USD) exchange rate found support below 1.2700, but stalled below 1.2750 and traded around 1.2735. The Pound to Euro (GBP/EUR) exchange rate edged lower to just above 1.1615. ECB Council member Schnabel stated that financial conditions have...

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...

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...

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...

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...

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...

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...