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Pound Euro forecast page 2 - GBP EUR

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

LIVE EXCHANGE RATE 15:45:48 Pound Euro Rate »
GBP/EUR +0 Days Low Days High Last Daily
1.16936 +0.22% 1.16673 1.17013 1.16681

Pound to Euro Exchange Rate Consolidates Close to 1.17

13 Mar 2024 at 9 PM - Written by John Cameron

The Pound to Euro (GBP/EUR) exchange rate has found support just below 1.17 and edged above this level after the UK GDP data. The Pound and Euro have both benefitted from robust risk conditions with the US S&P 500 index posted a fresh record high overnight while several European bourses have also posted record highs. Apart from...

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Pound to Euro Week Ahead Forecast: Can Three-Week Best Hold for Buyers?

10 Mar 2024 at 2 PM - Written by John Cameron

Foreign exchange analysts at CIBC expect the Pound to Euro exchange rate (GBP/EUR) to strengthen to 1.19 at the end of the second quarter. MUFG expects risk conditions will be important; “the current favourable low volatility market conditions for carry trades that favour the pound more than the euro.” GBP/EUR was unable to...

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Pound to Euro Rate Tests Three-Week Best as Global Euphoria Lifts Sterling

8 Mar 2024 at 9 PM - Written by David Woodsmith

Benign global risk conditions and expectations of an ECB rate cut ahead of the Bank of England (BoE) have underpinned the Pound in global markets with the Pound to Euro (GBP/EUR) exchange rate strengthening to 3-week highs just below 1.1740. There is likely to be further strong resistance on any GBP/EUR move to 1.1765 and a slide in...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Firm Around 1.168 Ahead of the 2024 UK Spring Budget

5 Mar 2024 at 7 AM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 10-day lows near 1.1660 on Friday before a tentative recovery and traded around 1.1685 on Monday. Two key events this week will be the UK budget on Wednesday and ECB policy meeting on Thursday. The shaping of the fiscal and monetary debate by the UK government and ECB will...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Drifts Weaker, 1.1495-1.1905 2024 Ranges

3 Mar 2024 at 3 PM - Written by John Cameron

Foreign currency strategists at MUFG expect that the Pound to Euro exchange rate (GBP/EUR) volatility is too low and that the pair will weaken to 1.1495 at the end of 2024. Bank of America, however, expects net GBP/EUR gains to 1.1905 at the end of the year on improved UK fundamentals. There have been no major UK developments during...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Under 1.17 on Hints of Euro-Zone Recovery

27 Feb 2024 at 8 PM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) has continued to consolidate below the 1.1700 level and traded close to 1.1685 in early Europe on Tuesday. The Pound has been underpinned by low volatility in global markets, but overall ranges have remained narrow. The Euro has also been protected by hopes for a revival in the Euro-Zone...

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Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

26 Feb 2024 at 9 PM - Written by John Cameron

There are no major UK data releases this week with the focus likely to be on central bank talk and Euro-Zone inflation data. The Pound to Euro (GBP/EUR) exchange rate advanced to 1.1725 on Friday before fading to near 1.1700 and traded just below this level on Monday. 1.1765 remains a key resistance area. According to ING;...

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Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

25 Feb 2024 at 9 AM - Written by John Cameron

Bank of America (BoA) analysts forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.1905 at the end of 2024. In contrast, after an initial firm tone, ING expects GBP/EUR to weaken to 1.1365 on a 12-month view. GBP/EUR dipped to 3-week lows below 1.1660 during the week before a recovery to 1.1715 on...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

24 Feb 2024 at 10 AM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) found support below 1.1670 on Thursday and rallied to the 1.1700 area. Overall risk conditions were broadly favourable which helped underpin Sterling and GBP/EUR traded just above 1.1700 on Friday. According to ING, GBP/EUR can secure limited net gains on interest rate expectations. It...

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Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

22 Feb 2024 at 6 AM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) dipped to 4-week lows just below 1.1660 on Tuesday before a tentative recovery to 1.1680. Global central bank interest rate expectations will remain a crucial element for global currency markets with some Euro support as confidence in an April ECB rate cut faded. GBP/EUR can make headway if...

CATEGORIES: Pound Euro Forecasts