Pound Euro forecast page 9 - GBP EUR

Danske Bank forecasts the British Pound to weaken to 1.1235 against the US Dollar in a year, with JP Morgan expecting the GBP/EUR rate to remain at 1.1500 by September 2024. Market expectations of BoE rate cuts, following lower UK inflation and retail data, have led to a bearish view on the Pound. The BoE is anticipated to cut...

UK Inflation Data Cements BoE Rate-Cut Expectations, GBP/EUR Slides to 6-Month Lows The Pound to Euro (GBP/EUR) exchange rate has slipped to fresh 6-month lows just below 1.1410 before a recovery to 1.1425. Pound Sterling lost ground following Wednesday’s inflation data and has been unable to regain territory in European trading...

GBP/EUR Exchange Rate Held Below 1.1500, UK Inflation Slide Reinforces BoE Rate-Cut Expectations The Pound to Euro (GBP/EUR) exchange rate hit resistance just above 1.1500 on Tuesday and it drifted lower on Wednesday as the larger-than-expected decline in inflation reinforced expectations that the next Bank of England move would be to...

GBP/EUR Exchange Rate: Tentative Recovery from 6-Month Lows After UK Wages Data The Pound to Euro (GBP/EUR) exchange rate continued to recover from 6-month lows on Monday with a peak just above 1.1480. GBP/EUR also touched 1.1490 after the UK wages data, but failed to hold the gains and settled just above 1.1475. Rabobank...

GBP/EUR Exchange Rate: Recovers Slightly from 6-Month Lows Ahead of Major UK Data releases The pound-to-euro exchange rate (GBP/EUR) slipped to 6-month lows near 1.1420 on Friday before a tentative recovery to 1.1450 on Monday. The media will focus on politics after Prime Minister sacked Home Secretary Braverman, but economic data...

UK GDP Data Fails to Impress Pound Sterling, GBP/EUR Exchange Rate Slides to Near 6-Month Lows Although there was slight relief that the UK managed to avoid a negative GDP figure for the third quarter, the data pointed to persistent stagnation and the Pound Sterling (GBP) failed to draw any support. Overall risk appetite has also...

GBP/EUR Exchange Rate: Economic Performance to Dominate Foreign exchange analysts at NatWest take a positive on the outlook for the Pound Sterling (GBP) against the Euro (EUR) and see scope for the British currency to strengthen to 1.1765 on a 3-month view. According to Danske Bank, however, the Pound-to-Euro exchange rate will...

According to Danske Bank, the Pound Sterling (GBP) is forecast to hit 1.1235 against the Euro (EUR) in the coming year. “We continue to forecast EUR/GBP to move modestly higher the coming year to 0.89 [1.1235 for GBP/EUR] on the UK economy performing relatively worse than the euro area," said the currency analysts. In contrast,...

GBP/EUR Exchange Rate: Both Currencies Plagued by Weak Fundamentals Foreign currency experts at Danske Bank expect that the Pound to Euro (GBP/EUR) exchange rate will weaken to 1.1235 on a 12-month view. HSBC is bearish on the UK fundamentals, but considers that the Euro will perform even worse. In this context, it expects...

Position Adjustment and Middle East Fears Will Dominate Short-Term Pound and Euro Exchange Rate Moves Against the Dollar Position adjustment will be a key element during Friday on both geo-political and economic grounds. Overall risk conditions have remained vulnerable with further losses in equities on Thursday. There will be...