Euro forecast - eur euro
A round up of the latest Euro forecast news items from the Currency News desk.
Pound to Euro 2024-2025 Forecast: Major Slide 1.15 to 1.06 say RBC
17 Mar 2024 at 10 AM - Written by John Cameron
STORY LINK Pound to Euro 2024-2025 Forecast: Major Slide 1.15 to 1.06 say RBC
Foreign exchange analysts at RBC Capital Markets expect to see a Pound Sterling retreat to 1.15 at the end of 2024 and forecasts a major slide to 1.06 at the end of 2025. BNP Paribas, however, expects that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.21 at the end of 2024 and hold the gains until the end of...
CATEGORIES: Pound Euro Forecasts
Pound Sterling: Battle Lines Drawn, Support vs Euro Below 1.17
15 Mar 2024 at 11 AM - Written by John Cameron
STORY LINK Pound Sterling: Battle Lines Drawn, Support vs Euro Below 1.17
The Pound to Euro exchange rate (GBP/EUR) again found support below 1.1700 on Wednesday and moved back above 1.1700 to trade just above this level on Thursday. Global markets conditions have been favourable for the Pound with low volatility and net gains in equities as the UK FTSE 100 index posted a 7-month high. According to MUFG;...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Exchange Rate Consolidates Close to 1.17
13 Mar 2024 at 9 PM - Written by John Cameron
STORY LINK Pound to Euro Exchange Rate Consolidates Close to 1.17
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...
CATEGORIES: Pound Euro Forecasts
Euro to Dollar 2026-2025 Outlook: Trend "Remains Bullish" say Scotiabank Techs
10 Mar 2024 at 2 PM - Written by Frank Davies
STORY LINK Euro to Dollar 2026-2025 Outlook: Trend "Remains Bullish" say Scotiabank Techs
Foreign currency strategists at CIBC forecast the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.12 at the end of 2024 and 1.16 by 2025-2026. Danske Bank still favours selling rallies; “look for strategic selling opportunities and sell on near-term rallies as the ongoing trend of strong US macro data continues.” The...
CATEGORIES: Euro Dollar Forecasts
Pound to Euro Week Ahead Forecast: Can Three-Week Best Hold for Buyers?
10 Mar 2024 at 2 PM - Written by John Cameron
STORY LINK Pound to Euro Week Ahead Forecast: Can Three-Week Best Hold for Buyers?
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...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Rate Tests Three-Week Best as Global Euphoria Lifts Sterling
8 Mar 2024 at 9 PM - Written by David Woodsmith
STORY LINK Pound to Euro Rate Tests Three-Week Best as Global Euphoria Lifts Sterling
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
STORY LINK Pound to Euro Firm Around 1.168 Ahead of the 2024 UK Spring Budget
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
Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative
3 Mar 2024 at 3 PM - Written by David Woodsmith
STORY LINK Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative
Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of 2024. In contrast, Danske Bank is still backing dollar strength with a 12-month EUR/USD forecast of 1.04. EUR/USD was marginally stronger on the week, trading around 1.0830...
CATEGORIES: Euro Dollar 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
STORY LINK Pound to Euro Week Ahead Forecast: Drifts Weaker, 1.1495-1.1905 2024 Ranges
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