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

Pound Euro Exchange Rate Outlook: GBP/EUR Rangebound amid UK Budget Rumours

10 Oct 2024 at 7 AM - Written by John Cameron

The Pound Euro (GBP/EUR) exchange rate fluctuated on Wednesday as speculation around the UK’s Autumn Budget was met with mixed feelings. At the time of writing, GBP/EUR wobbled around €1.1934, virtually unchanged from its opening level. The British Pound (GBP) experienced mixed trade on Wednesday, as an absence of UK data led...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Watching UK Fiscal Policy Closely, GBP/EUR Braced

10 Oct 2024 at 7 AM - Written by David Woodsmith

The Pound to Euro (GBP/EUR) exchange rate found support below 1.19 on Tuesday and has settled around 1.1935, just below the middle of the trading range seen over the past 20 days. Overall risk conditions will be very important in the short term with major global events in focus and the potential for high volatility across asset...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Flat despite Positive German Data

9 Oct 2024 at 8 AM - Written by Frank Davies

The Pound Euro (GBP/EUR) exchange rate traded in a narrow range on Tuesday as Germany published its latest industrial production reading. At the time of writing, the GBP/EUR was trading at around €1.1933, virtually unchanged from Tuesday’s opening levels. The Euro (EUR) rose against most currencies on Tuesday, bolstered by...

CATEGORIES: Pound Euro Forecasts

German Woes Sap Euro Support, GBP to EUR Rate Holds Around 1.1950

8 Oct 2024 at 8 AM - Written by Tim Boyer

The Pound to Euro (GBP/EUR) exchange rate has consolidated around 1.1950 despite a more fragile risk environment with Pound sentiment holding firm despite weaker equities while the Euro has again been hit by dismal data. The latest COT data, reported by the CFTC, recorded an increase in long Pound positions to near 94,000 contracts...

CATEGORIES: Pound Euro Forecasts

Growing BoE Rate Cut Speculation Prompts Pound to Euro Rate Slide

8 Oct 2024 at 7 AM - Written by Frank Davies

GBP/EUR Exchange Rate Struggles to Hold Above €1.19 The Pound to Euro (GBP/EUR) exchange rate started the week on a negative note as increased speculation regarding the pace of interest rate cuts from the Bank of England (BoE) pressured Sterling sentiment. At the time of writing, GBP/EUR was trading around €1.1925, down...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast for Week Ahead: 1.20 Fades, Where Next?

6 Oct 2024 at 9 PM - Written by Frank Davies

Credit Agricole remains comfortable with an end-2025 Pound to Euro (GBP/EUR) exchange rate forecast of 1.2050. MUFG expects a retreat to 1.1765 by the third quarter of next year. GBP/EUR posted sharp losses to 2-week lows near 1.1850 before a recovery to near 1.1950. The Pound was undermined by dovish comments from Bank of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro End-of-Week Forecast: GBP/EUR Nosedives following BoE Remarks

4 Oct 2024 at 12 PM - Written by John Cameron

The Pound Euro exchange rate plunged on Thursday as the currency pairing was severely undermined by the latest commentary from Bank of England Governor Andrew Bailey. At the time of writing, the GBP/EUR was trading at around €1.1887, down roughly 1% from Thursday’s opening levels. The Pound (GBP) tumbled against the majority of...

CATEGORIES: Pound Euro Forecasts

GBP to EUR Exchange Rate Flat amid Lack of Impactful Data - Pound Euro Today

3 Oct 2024 at 1 PM - Written by John Cameron

The Pound to Euro (GBP/EUR) exchange rate remained relatively stable on Tuesday, with the currency pair fluctuating within a tight range. This was due to the absence of significant data and a mix of other influencing factors. At the time of writing, GBP/EUR was trading around €1.2002, virtually unchanged from its opening...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Update: GBP to EUR Rate Flat despite cooling Eurozone Inflation

2 Oct 2024 at 11 AM - Written by John Cameron

The Pound to Euro (GBP/EUR) exchange rate traded sideways on Tuesday morning leaving the pairing just below the 29-month high struck on Monday. At the time of writing, GBP/EUR was trading at approximately €1.2009, showing little movement from Tuesday’s opening levels. The Euro (EUR) wad muted on Tuesday following the release...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate Flat following German CPI

1 Oct 2024 at 9 AM - Written by John Cameron

The Pound Euro (GBP/EUR) exchange traded sideways on Monday following the publication of Germany’s latest consumer price index (CPI). At the time of writing, the GBP/EUR was trading at around €1.1966, virtually unchanged from Thursday’s opening levels. Euro (EUR) Unchanged following German Inflation The Euro (EUR) managed...

CATEGORIES: Pound Euro Forecasts