Pound Euro forecast - GBP EUR

The British Pound Sterling recovered ground on Tuesday following firm data for the services sector while comments from Bank of England (BoE) chief economist Pill were more hawkish than expected. The Pound had come under strong pressure after markets sensed momentum towards an early cut in interest rates, but comments from Pill...

Foreign exchange strategists at Danske still expect the Pound to Euro (GBP/EUR) exchange rate will slide to 1.1240 in the next twelve months. In contrast, BNP Paribas expects GBP/EUR will strengthen to 1.2050 at the end of 2024. GBP/EUR retreated to 1-week lows just below 1.1670 during the week before settling just above this...

There was choppy Pound trading after Tuesday’s UK data, but the Pound to Euro exchange rate (GBP/EUR) secured a slight net advance to just above 1.1720. UK labour-market data was mixed with markets potentially waiting for Wednesday’s inflation data before taking a decisive view on the outlook for Bank of England (BoE)...

RBC Capital Markets forecasts that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024, with UK fundamentals still fragile. In contrast, MUFG sees scope for further GBP/EUR gains, at least in the short term, due to a dovish ECB policy. GBP/EUR posted gains to 1.1725 after the ECB policy decision before...

After failing to make a significant challenge on 1.1700 on Wednesday, the Pound to Euro (GBP/EUR) exchange rate dipped to just below 1.1670 before a fresh recovery to 1.1690 on Thursday. Solid UK housing data, hawkish MPC rhetoric and expectations that the ECB will signal a June rate cut have supported the Pound. Notably dovish ECB...

Currency strategists at Nordea forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.19 at the end of 2024 with a further advance to 1.22 at the end of 2025. MUFG, however, expects a Sterling-Euro retreat to 1.1560 at the end of this year. GBP/EUR overall lost ground during the week with 7-day lows near...

The Pound to Euro (GBP/EUR) exchange rate dipped to 1-week lows near 1.1650 on Wednesday before a tentative recovery and was held below 1.1660 on Thursday. The latest business confidence data suggests that the gap between the UK and Euro-Zone economies has narrowed with a tentative recovery in the Euro-Zone while UK growth appears to...

The Pound to Euro (GBP/EUR) exchange rate has edged back above 1.1700 on Tuesday. UK equity markets have made further gains after the re-opening of domestic markets following the Easter holidays. The PMI data also indicated that UK manufacturing is out-performing the Euro-Zone. The FTSE 100 index briefly broke above the 8,000 level...

Danske Bank forecasts that the Pound to Euro (GBP/EUR) exchange rate will weaken to 1.1240 on a 6-month view. The consensus market view is that there will be limited net losses to 1.1625. In contrast, Credit Agricole expects GBP/EUR will strengthen to 1.19 at the end of 2024. GBP/EUR found support below 1.1650 during the week and...

The Pound to Euro exchange rate (GBP/EUR) has remained in narrow ranges with the pair finding support just below 1.1650, but struggling to sustain any gains and settling below 1.1660. Interest rate expectations will continue to be an important driver for exchange rates in general and GBP/EUR in particular. Danske Bank still...