Euro Pound forecast - EUR GBP

Pound Sterling Sinks after Dovish Bank of England Bailey Comments, GBP/EUR Exchange Rate Retreats to Below 1.1700 Overall interest rate expectations continue to drive major currencies. The bias on Thursday has been greater confidence in early Bank of England rate cuts, allied with some doubts whether the ECB will be as aggressive. In...

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

The latest UK data indicates that hopes for lower interest rates have underpinned a rebound in the housing sector and boosted business confidence. The Euro has held firm, however, and the Pound to Euro (GBP/EUR) exchange rate has edged lower to 1.1675. Solid data and expectations of tax cuts next week should still underpin GBP/EUR...

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...

Foreign exchange update: The Pound to Euro exchange rate (GBPEUR) found support below the 1.1700 level in Asia on Monday and strengthened to near 1.1720 after the European open. Markets overall are more confident over the UK economic outlook and Euro-Zone investor confidence improved in February, but the Pound and Euro have both lost...

The Pound Euro exchange rate (GBP/EUR) hit 3-week highs at 1.1550 on Monday before settling around 1.1535 with little change on Tuesday. UK equities retreated on Monday and registered further losses on Tuesday with weaker risk conditions tending to limit the scope for further Pound buying. Andrew Jones, portfolio manager at Janus...

Foreign exchange strategists at ANZ maintain a positive stance on the Pound to Euro (GBP/EUR) exchange rate, primarily due to expectations that the Euro-Zone will underperform the UK with heightened recession risks. It sees scope for GBP/EUR to strengthen to 1.1765. In contrast, MUFG expects that GBP/EUR will weaken to 1.1235 on a...

The Pound Euro (GBP/EUR) exchange rate jumped on Wednesday morning after a surprise rise in UK inflation boosted Bank of England (BoE) interest rate rise bets. At the time of writing, GBP/EUR was trading at around €1.1369, having gained 0.2% on the day. Pound (GBP) Jumps as UK CPI Boosts BoE Bets The Pound (GBP) rallied on...

GBP/EUR Exchange Rate Weakened by Speculative EUR Investors The Pound to Euro (GBP/EUR) exchange rate dropped on Monday as speculation of another 75bps rate hike from the European Central Bank (ECB) cheered EUR investors. At time of writing the GBP/EUR exchange rate traded at around €1.1510, which was roughly down 0.2% from Monday’s...

GBP/EUR Exchange Rate Sluggish Amid Muted Market Mood The Pound to Euro (GBP/EUR) exchange rate was sluggish on Friday as the passing of Queen Elizabeth and the Eurozone’s upcoming emergency energy meeting subdued trading. At time of writing the GBP/EUR exchange rate traded at around €1.1510, which barely changed from Friday’s...