Pound Euro forecast page 5 - GBP EUR

The pound-to-euro (GBP/EUR) exchange rate dipped to lows at 1.1685 ahead of Thursday’s Bank of England (BoE) policy meeting. The BoE vote split and guidance were less dovish than expected and this triggered a rebound in the Pound as markets pared expectations of a May interest rate cut. GBP/EUR rallied to 1.1730 and traded above...

The Pound to Euro exchange rate dipped sharply to lows at 1.1670 on Tuesday after slightly better-than-expected Euro-Zone data, but traded back above 1.1700 on Wednesday. The UK data releases have been generally favourable which has helped underpin the Pound while initial Euro-Zone inflation releases have been weaker than expected...

The Pound to Euro exchange rate hit 5-month highs just below 1.1750 on Monday before a retreat to 1.1710 on Tuesday. Slightly disappointing UK credit data and better-than-expected Euro-Zone GDP data triggered a Pound correction. According to flash data, Euro-Zone GDP was unchanged in the fourth quarter of 2024 compared with...

Dovish ECB Expectations Continue to Sap Euro Support, GBP/EUR Exchange Rate Hits Fresh 5-Month Highs The Pound to Euro (GBP/EUR) exchange rate found support at 1.1700 on Friday and posted a further advance on Monday with a fresh 5-month high just above the 1.1730 level. The Euro-Zone economic data releases and Bank of England (BoE)...

Foreign exchange strategists at HSBC expect the Pound to Euro exchange rate to weaken to 1.1480. In contrast, Nordea expects GBP/EUR to strengthen to 1.19 at the end of 2024. GBP/EUR secured a significant net gain for the week with 5-month highs at 1.1735 before consolidation around 1.1715. The overall data flows bolstered...

The Pound to Euro exchange rate spiked higher after Thursday’s ECB policy meeting with a 5-month high of 1.1730 and held above 1.1700 on Friday to trade around 1.1715. Expectations of a more dovish ECB policy sapped Euro support with the focus now moving to the Bank of England. According to ING, EUR/GBP is closing in on major...

The Pound to Euro exchange rate briefly moved above the 1.1700 level after the stronger-than-expected business confidence data on Wednesday, but failed to sustain the gains and settled just above 1.1690. GBP/EUR will have scope for gains if the ECB forward guidance is less hawkish than expected later in the day. Otherwise, resistance...

Boost to Pound Sentiment as PMI Data Again Beats the Euro Area, GBP/EUR Exchange Rate Hits 4-Month Highs The latest business confidence data has reinforced market expectations that the UK economy will out-perform the Euro-Zone over the next few months at least. After trading in a 1.1680-1.1700 band during Tuesday, the Pound to Euro...

The combination of stronger-than-expected UK government borrowing data and benign risk conditions have underpinned the Pound in global markets. The Pound to Euro exchange rate posted a marginal 6-week high at 1.1690 as markets priced in larger tax cuts ahead of the March budget. GBP/EUR, however, was unable to make a decisive break...

The Pound to Euro (GBP/EUR) exchange rate was unable to hold 1-month highs near 1.1690 last week and retreated to 1.1660 on Monday, although relatively narrow ranges prevailed. Any further recovery in equities would support both the Pound and Euro. The timing of potential interest rate cuts by the Bank of England (BoE) and ECB will...