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Euro Forecast Directory - Page #101

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

GBP/EUR Exchange Rate Strengthens as Eurozone PMIs Disappoint

25 Oct 2024 at 1 PM - Written by Tim Boyer

STORY LINK GBP/EUR Exchange Rate Strengthens as Eurozone PMIs Disappoint

The Pound to Euro (GBP/EUR) exchange rate traded with modest gains on Thursday morning, as markets digested the latest PMI releases from both the UK and Eurozone. At the time of writing, GBP/EUR was trading around €1.1999, up approximately 0.2% from Thursday’s opening levels. The Euro (EUR) came under pressure on Thursday,...

CATEGORIES: Pound Euro Forecasts

EUR/GBP Forecast: Euro Woes Continue to Support the Pound

24 Oct 2024 at 8 AM - Written by Frank Davies

STORY LINK EUR/GBP Forecast: Euro Woes Continue to Support the Pound

The Pound to Euro (GBP/EUR) exchange rate found support below 1.2000 on Tuesday and strengthened to 1.2030 on Wednesday, close to 30-month highs. The Pound has been relatively quiet in global markets while the Euro has remained under pressure amid expectations of faster interest rate cuts. According to Danske Bank; “GBP continues...

CATEGORIES: Euro Pound Forecasts

Pound Euro Exchange Rate Forecast: GBP/EUR Touches Five-Day Best

24 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Forecast: GBP/EUR Touches Five-Day Best

The Pound Euro (GBP/EUR) exchange rate touched a five-day high on Wednesday, although it wavered in a narrow range, as a risk-off mood and UK budget hopes impacted the pairing. At the time of writing, GBP/EUR traded at €1.2034, having hit a five-day high of €1.2043 earlier in the session. The Euro (EUR) had a mixed performance...

CATEGORIES: Pound Euro Forecasts

Concerns Over UK Borrowing Sends Pound to Euro Exchange Rate Lower

23 Oct 2024 at 10 AM - Written by John Cameron

STORY LINK Concerns Over UK Borrowing Sends Pound to Euro Exchange Rate Lower

The Pound to Euro (GBP/EUR) exchange rate weakened on Tuesday, as markets reacted to worrying UK borrowing data. At the time of writing, GBP/EUR was trading at approximately €1.1985, down about 0.2% from Tuesday’s opening rates. The Pound (GBP) stumbled on Tuesday as markets reacted to the release of the UK’s latest public...

CATEGORIES: Pound Euro Forecasts

China Rate Cut Offers Some Euro Protection, Pound to Eur Rate Settles

22 Oct 2024 at 8 AM - Written by David Woodsmith

STORY LINK China Rate Cut Offers Some Euro Protection, Pound to Eur Rate Settles

After hitting 30-month highs just above 1.2050 last week, the Pound to Euro (GBP/EUR) exchange rate has lost ground on Monday and settled just below 1.2000. The Chinese central bank cut interest rates on Monday with the prime loan rate cut to 3.10% from 3.35%. Although markets had expected a cut, the move did help underpin...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate Wobbles amid Cooling German PPI and Risk Aversion

22 Oct 2024 at 8 AM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Wobbles amid Cooling German PPI and Risk Aversion

The Pound Euro (GBP/EUR) exchange rate wobbled on Monday morning, amid softer German PPI figures and a risk-averse market mood. At the time of writing, GBP/EUR traded at €1.2000, having wobbled in a narrow range since the week’s trade began. Pound (GBP) Muted as Market Mood Sours The Pound (GBP) began the week on the back...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: ECB Rate Cut Trumps BoE Speculation

20 Oct 2024 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: ECB Rate Cut Trumps BoE Speculation

Goldman Sachs expects further short-term Pound to Euro (GBP/EUR) exchange rate gains to 1.2120 and maintains a 12-month forecast of 1.2200. Although RBC Capital Markets (RBC) expects near-term support, it expects a steady decline to 1.1240 on a 12-month view. GBP/EUR posted sharp gains to 30-month highs at 1.2050 during the week...

CATEGORIES: Pound Euro Forecasts

Euro to Pound Rate Drops Below 0.83 as ECB Cut Rates Again

20 Oct 2024 at 8 PM - Written by Tim Boyer

STORY LINK Euro to Pound Rate Drops Below 0.83 as ECB Cut Rates Again

The ECB cut rates for a third time. It seems there is a shift of focus from battling inflation to supporting the economy and this would lead to more cuts. EURGBP made fresh 2024 lows and is approaching the 2022 low of 0.82. Thursday ECB unfolded as expected as the central bank cut rates for a third time. The move was already...

CATEGORIES: Euro Pound Forecasts

ECB Decision Day: GBP/EUR Needed Very Dovish Talk to Break Back Above 1.20

18 Oct 2024 at 11 AM - Written by Frank Davies

STORY LINK ECB Decision Day: GBP/EUR Needed Very Dovish Talk to Break Back Above 1.20

The Pound to Euro (GBP/EUR) exchange rate found support below 1.1950 on Wednesday and settled around 1.1965. Unless there is very dovish ECB rhetoric, GBP/EUR could retreat later in the session. Interest rate decisions and expectations surrounding the Bank of England (BoE) and ECB will remain key elements for the Pound with markets...

CATEGORIES: Euro Forecasts

Pound to Euro News: GBP/EUR Exchange Rate Firms as ECB Cuts Interest Rates

18 Oct 2024 at 11 AM - Written by John Cameron

STORY LINK Pound to Euro News: GBP/EUR Exchange Rate Firms as ECB Cuts Interest Rates

The Pound Euro (GBP/EUR) exchange rate found some success on Thursday as the European Central Bank (ECB) delivered its third interest rate cut of 2024. At the time of writing, GBP/EUR traded at €1.1987, up 0.3% on the day. The Pound (GBP) started Thursday on a muted note, still feeling the impact of Wednesday's disappointing...

CATEGORIES: Pound Euro Forecasts

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