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Euro Forecast Directory - Page #108

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

Pound to Euro: Hawkish BoE Rhetoric Boosts Sterling Exchange Rates

10 Jul 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Euro: Hawkish BoE Rhetoric Boosts Sterling Exchange Rates

French politics and Bank of England (BoE) interest rate expectations have been key drivers for the Pound against the Euro during Wednesday. Hawkish rhetoric from BoE Chief economist was the key element boosting the Pound and GBP/EUR hit 3-week highs around 1.1860 even though the Euro held its own in global markets. According to...

CATEGORIES: Pound Euro Forecasts

French Election Shock: Pound to Euro Rate Hits 10-Day Best as One Fear Replaced by Another

8 Jul 2024 at 9 AM - Written by John Cameron

STORY LINK French Election Shock: Pound to Euro Rate Hits 10-Day Best as One Fear Replaced by Another

The Pound to Euro (GBP/EUR) exchange rate hit 10-day highs at 1.1850 in an immediate response to the French election before settling around 1.1825. Ahead of the second round of the French Parliamentary elections, markets expected the National Rally (RN) would win most seats with the other parties scrambling to prevent an overall...

CATEGORIES: Pound Euro Forecasts

Pound to Euro (2025) Exchange Rate Forecast: 1.19 Amid Stronger UK Fundamentals

7 Jul 2024 at 4 PM - Written by John Cameron

STORY LINK Pound to Euro (2025) Exchange Rate Forecast: 1.19 Amid Stronger UK Fundamentals

Foreign exchange analysts at MUFG expect the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.19 at the end of 2024 amid stronger UK fundamentals. In contrast, ING expects a retreat to 1.1630 due to Bank of England (BoE) rate cuts. GBP/EUR: Fiscal and monetary policy crucial after Labour landslide With just a couple of...

CATEGORIES: Pound Euro Forecasts

UK Election 2024: Pound to Euro Exchange Rate Braced for Jump in Volatility

3 Jul 2024 at 2 PM - Written by John Cameron

STORY LINK UK Election 2024: Pound to Euro Exchange Rate Braced for Jump in Volatility

The Pound to Euro exchange rate (GBP/EUR) edged above 1.1800 on Tuesday before settling just below this level on Wednesday. Socgen expects that GBP/EUR can make further headway if there is a renewed break above 1.1860. The UK General Election is on Thursday with the French second-round parliamentary vote on Sunday. As far as...

CATEGORIES: Pound Euro Forecasts

GBP/EUR 3-Week Exchange Rate Lows After French Election First Round

1 Jul 2024 at 10 AM - Written by John Cameron

STORY LINK GBP/EUR 3-Week Exchange Rate Lows After French Election First Round

The Pound to Euro (GBP/EUR) exchange rate retreated to 3-Week lows around 1.1775 after the French election results. There was some relief on expectations that the National Rally (RN) would fall short of a majority in next week’s second round, although still with a high degree of uncertainty. ING commented; “the case for a...

CATEGORIES: Euro Pound Forecasts Pound Euro Forecasts

Euro to Dollar Outlook Scenarios: French Election 2024

30 Jun 2024 at 2 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Outlook Scenarios: French Election 2024

The Euro to Dollar exchange rate (EUR/USD) touched seven-week lows at 1.0660 during the week before creeping back above 1.07. The near-term focus will be on the French parliamentary elections with opinion polls suggesting that President Macron’s centrist party is running behind the right-wing National Rally (RN) and left-wing...

CATEGORIES: Euro Dollar Forecasts

French Vote: Best and Worst Outcome for Pound to Euro Exchange Rate Buyers

30 Jun 2024 at 2 PM - Written by John Cameron

STORY LINK French Vote: Best and Worst Outcome for Pound to Euro Exchange Rate Buyers

Credit Agricole expects the Pound to Euro (GBP/EUR) exchange rate to strengthen to 1.19 at the end of 2024. It does, however, see scope for gains to near 1.22 if there is a left-wing majority victory in the French parliamentary elections. Danske Bank still expects a GBP/EUR retreat to 1.15 on a 12-month view. GBP/EUR was held in...

CATEGORIES: Pound Euro Forecasts

Politics Dominate the Pound and Euro Exchange Rates

26 Jun 2024 at 5 PM - Written by John Cameron

STORY LINK Politics Dominate the Pound and Euro Exchange Rates

The Pound to Euro exchange rate (GBP/EUR) advanced to highs just above 1.1860 on Tuesday before settling around 1.1845. There are further doubts surrounding the Euro-Zone economic outlook, although political developments are tending to dominate at this stage with the countdown underway for two important elections in France and the...

CATEGORIES: Pound Euro Forecasts

Pound Election Update: Sterling Retreats to 10-Day Lows vs Euro

24 Jun 2024 at 5 PM - Written by John Cameron

STORY LINK Pound Election Update: Sterling Retreats to 10-Day Lows vs Euro

The Pound to Euro (GBP/EUR) exchange rate has continued to drift lower with a decline to 10-day lows around 1.1815 amid stronger expectations that the Bank of England (BoE) will cut interest rates in August. The Pound could drift lower if market confidence in an August cut increases further. Markets will remain sensitive to Euro-Zone...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Forecast For Week Ahead: 1.136-1.197 Ranges This Year

23 Jun 2024 at 2 PM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Forecast For Week Ahead: 1.136-1.197 Ranges This Year

After initial strength on French political concerns, ING is still forecasting that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 on a 12-month view. MUFG, however, expects GBP/EUR gains to at least 1.1975. After gains to 22-month highs the previous week, GBP/EUR continued to correct with a retreat to around...

CATEGORIES: Pound Euro Forecasts

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