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Euro to US Dollar Forecast: EUR Drifts Into "Bearish Territory"

15 May 2025 at 5 PM - Written by David Woodsmith

STORY LINK Euro to US Dollar Forecast: EUR Drifts Into "Bearish Territory"

The Euro to Dollar exchange rate (EUR/USD) has fluctuated around 1.1200 on Thursday and settled close to this level after the raft of US data. Scotiabank notes that overall volatility has eased and added; “Near-term support is expected below 1.1100 and recent resistance has been observed above 1.1250.” According to ING; “We see EUR/USD trading in a 1.11-1.15 range over the coming weeks and months, although risks...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound-to-Dollar Forecast: GBP Advances vs USD on Slowing US Retail Sales

15 May 2025 at 5 PM - Written by Frank Davies

STORY LINK Pound-to-Dollar Forecast: GBP Advances vs USD on Slowing US Retail Sales

The Pound US Dollar exchange rate gained ground on Thursday as the US released its latest retail sales index and the UK released its latest GDP reading. At the time of writing, GBP/USD was trading at approximately $1.3300, up roughly 0.3% from the start of Thursday’s session. The US Dollar (USD) weakened across the board on Thursday as markets reacted to discouraging retail sales figures from April. Consumer...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Rate Rangebound following GDP Figures

15 May 2025 at 5 PM - Written by Ben Hughes

STORY LINK Pound-to-Euro Rate Rangebound following GDP Figures

The Pound Euro exchange rate (GBP/EUR) traded in a narrow range on Thursday as a risk-off mood offset downbeat Eurozone GDP and positive UK figures. At the time of writing, GBP/EUR traded at €1.1863, virtually unchanged on the morning’s opening rate. The Pound (GBP) found support on Thursday following the UK’s latest growth figures, which showed the economy expanding at its fastest pace in a year. According to...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Tech Forecast: Break Above 1.1930, Gains to 1.2030

15 May 2025 at 2 PM - Written by David Woodsmith

STORY LINK Pound to Euro Tech Forecast: Break Above 1.1930, Gains to 1.2030

The Pound Sterling to Euro exchange rate (GBP/EUR) has again been unable to break above 1.1900 and retreated to near 1.1860 despite an initial boost from the UK GDP data. GBP sentiment remains broadly positive, but it will need to break resistance to make further headway. SocGen looked at the technical outlook. As well as the barrier around 1.1900, it notes strong EUR/GBP support at the 0.8380 area where the 200-day...

CATEGORIES: Euro Pound Forecasts

GBP/USD Forecast: Pound GDP Boost Fades, Dollar Eyes Bonds

15 May 2025 at 2 PM - Written by Tim Boyer

STORY LINK GBP/USD Forecast: Pound GDP Boost Fades, Dollar Eyes Bonds

The Pound Sterling initially gained against the Euro and U.S. Dollar following the latest GDP data, but GBP was unable to make further headway with concerns that the data overstated the underlying performance. Equity markets were also weaker which limited potential support, but the US Dollar remained fragile. The Pound to Dollar exchange rate (GBP/USD) failed to hold 1.3300 and retreated to 1.3285 with evidence of buying...

CATEGORIES: Pound Dollar Forecasts

Pound Sterling Rises vs Euro, Dollar on Surprise UK GDP Beat

15 May 2025 at 8 AM - Written by Ben Hughes

STORY LINK Pound Sterling Rises vs Euro, Dollar on Surprise UK GDP Beat

The British Pound Sterling edged higher against the Euro and U.S. Dollar after the latest UK GDP data was stronger than expected, underpinning confidence in the near-term outlook. The data boosted GBP exchange rates, although risk appetite was slightly less favourable, which curbed the potential for further Sterling buying. The Pound to Dollar exchange rate (GBP/USD) advanced to 1.3285 from 1.3260 with the Pound to Euro...

CATEGORIES: Pound Sterling Forecasts

GBP/EUR Forecast: Pound Sterling "Muted" vs Euro Despite UK GDP Beat

15 May 2025 at 8 AM - Written by Frank Davies

STORY LINK GBP/EUR Forecast: Pound Sterling "Muted" vs Euro Despite UK GDP Beat

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Thursday despite UK GDP data beating forecast in March. Official data released by the ONS showed the UK economy grew 0.2% in March from February, compared to the 0.0% that economists had predicted. At the time of writing, the GBP/EUR was trading at around €1.1877, virtually unchanged from Wednesday’s opening levels. While trading largely flat...

CATEGORIES: Euro Forecasts Pound Sterling Forecasts

Pound to Dollar Tech Forecast: GBP/USD Resistance at 1.3450 say Analysts

15 May 2025 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Dollar Tech Forecast: GBP/USD Resistance at 1.3450 say Analysts

The dollar lost further ground on Wednesday and the Pound to Dollar exchange rate (GBP/USD) strengthened to 1.3360 before settling around 1.3320. ING commented; “May has been a good month for the dollar as US and Chinese policymakers have chosen to de-escalate – although we doubt the dollar rally has legs.” Key GBP/USD resistance remains at 1.3450 and ING still expects GBP/USD will be held below this...

CATEGORIES: Pound Dollar Forecasts

Pound-to-Euro Rate Tipped to Drift to 1.1630 in 2025 say SocGen

14 May 2025 at 1 PM - Written by David Woodsmith

STORY LINK Pound-to-Euro Rate Tipped to Drift to 1.1630 in 2025 say SocGen

The Pound to Euro (GBP/EUR) exchange rate is trading around 1.1880 and close to 5-week highs. Overall fear has continued to ease in global markets amid hopes that the US and China will step back from an escalating trade war. According to ING, there is still scope for GBP/EUR to break above 1.1900 ahead of Monday’s UK-EU summit. SocGen, however, expects GBP/EUR will stall around 1.19 and drift lower to 1.1630 by the...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecast: EUR Rebounds, Consolidation ~1.120 Ahead

14 May 2025 at 11 AM - Written by Frank Davies

STORY LINK Euro to Dollar Forecast: EUR Rebounds, Consolidation ~1.120 Ahead

The Euro to Dollar exchange rate (EUR/USD) slumped to lows below near 1.1050 on Monday after the US-China deal to lower tariffs substantially for a 90-day period. The dollar, however, failed to hold gains and EUR/USD has rallied strongly back above 1.1200 to test 1.1250 with reservations surrounding the dollar still in evidence. According to ING, EUR/USD will struggle to make further headway; “We expect some...

CATEGORIES: Euro Dollar Forecasts

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