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Euro Forecast Directory - Page #109

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

Pound to Euro Exchange Rate Forecast: 1.19 Lost?

20 Jun 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Forecast: 1.19 Lost?

The Pound edged higher after the latest UK inflation data. The evidence of further sticky services-sector inflation increased doubts whether the Bank of England would cut interest rates at the August meeting, although the overall shift in pricing was limited. The Pound to Euro (GBP/EUR) exchange rate strengthened to 1.1860 from 1.1830...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Corrects

17 Jun 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Euro Rate Corrects

The Pound to Euro exchange rate (GBP/EUR) surged to 22-month highs just above 1.1900 last week before a correction to 1.1835 on Monday. Political and economic risks will be important for the Pound this week with MUFG seeing scope for further Pound gains and a potential move to at least 1.1975 The Euro has continued to be hampered...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecast for Week Ahead: Euro-Zone Political Fears Return

16 Jun 2024 at 10 AM - Written by Tim Boyer

STORY LINK Euro to Dollar Forecast for Week Ahead: Euro-Zone Political Fears Return

Foreign exchange analysts at MUFG sees the risk of the Euro to Dollar exchange rate (EUR/USD) sliding to 1.05 amid Euro-Zone political concerns. Scotiabank considers that EUR/USD will struggle in the short term before gains to 1.15 at the end of 2025. During the week, the Euro came under pressure after the European elections as...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Exchange Rate Forecast For Week Ahead: 1.1365-1.1905

16 Jun 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Forecast For Week Ahead: 1.1365-1.1905

Foreign exchange analysts at Bank of America forecast that the Pound to Euro exchange rate (GBP/EUR) gains will extend to 1.1905. Credit Agricole sees scope for a near-term correction before a medium-term move to 1.1905. Danske Bank expects a decline to 1.1365 on a 6-12-month view, but notes that French political uncertainty and Bank...

CATEGORIES: Currency Predictions Pound Euro Forecasts

UK GDP Data Fails to Dent Best Pound to Euro Exchange Rate in 22 Months

12 Jun 2024 at 10 PM - Written by John Cameron

STORY LINK UK GDP Data Fails to Dent Best Pound to Euro Exchange Rate in 22 Months

The Euro has stabilised in markets, although there is still an important element of political uncertainty surrounding France. Meanwhile, there was a muted reaction to the latest UK GDP data. The Pound to Euro (GBP/EUR) exchange rate has maintained a strong tone and close to 22-month highs around 1.1865. According to the ONS, UK GDP...

CATEGORIES: Pound Euro Forecasts

Far-Right Election Gains See Pound to Euro Exchange Rate at 22-Month Best

10 Jun 2024 at 1 PM - Written by John Cameron

STORY LINK Far-Right Election Gains See Pound to Euro Exchange Rate at 22-Month Best

The Pound to Euro (GBP/EUR) exchange rate pushed through key resistance at 1.1765 on Friday as the Euro dipped more than the Pound following the US jobs data. GBP/EUR gains accelerated in Asia on Monday after the latest European elections and French President Macron’s election gamble. Rabobank still considers that the Pound can...

CATEGORIES: Pound Euro Forecasts

EUR/USD Forecast, News: US Data Derails the Euro Exchange Rates

9 Jun 2024 at 1 PM - Written by Frank Davies

STORY LINK EUR/USD Forecast, News: US Data Derails the Euro Exchange Rates

MUFG forecasts that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 by March 2025. Barclays, however, is still expecting a retreat to the 1.05-1.06 area this year. EUR/USD was resilient after the ECB rate cut, but posted sharp losses after stronger than expected US employment data with a slide to near 1.08 from...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Week Ahead Forecast: 1.1240 - 1.2050 Ranges, Which is More Likely?

9 Jun 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: 1.1240 - 1.2050 Ranges, Which is More Likely?

Foreign exchange strategists at SocGen forecast that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1240 by the first quarter of 2025. In contrast, Barclays expects GBP/EUR to strengthen to 1.2050 at year-end and hold this level at the end of next year. The Euro was resilient after the ECB rate cut, but again tested key...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Retreats as Traders Fail to Break Key Resistance

5 Jun 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Euro Exchange Rate Retreats as Traders Fail to Break Key Resistance

After sharp losses ahead of Friday’s US open, the Pound to Euro (GBP/EUR) exchange rate found support close to 1.1710 but rallies stalled in the 1.1750 area and there was a net retreat to 1.1725 on Monday. Given the overall fundamentals, ING expects further GBP/EUR selling interest on approach to 1.1765. Although the ECB has...

CATEGORIES: Pound Euro Forecasts

Euro to US Dollar Outlook: 1.12 by 2025 say BofA

2 Jun 2024 at 5 PM - Written by Frank Davies

STORY LINK Euro to US Dollar Outlook: 1.12 by 2025 say BofA

Bank of America expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 at the end of 2024 as the dollar gradually loses ground. Credit Agricole, however, expects a retreat to 1.05. Inflation data dominated a relatively quiet week for major currency pairs. EUR/USD found support just below 1.08 during the...

CATEGORIES: Euro Dollar Forecasts

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