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Euro Forecast Directory - Page #114

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

Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

19 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Pound Sterling Retreats Against Euro and Dollar as Long Positions Trimmed

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Friday and retreated below the 1.1700 level on Monday to trade around 1.1685. MUFG is still backing a medium-term GBP/EUR move to 1.2085. The Pound has been hampered by speculation that the Bank of England (BoE) will adopt a less hawkish stance at this week’s...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts Pound Sterling Forecasts

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

Pound to Euro: Tests 1.1700 as Sterling Pound Retreats UK Wages Slowdown

12 Mar 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro: Tests 1.1700 as Sterling Pound Retreats UK Wages Slowdown

The Pound Sterling retreated on Tuesday after slightly softer than expected UK labour-market data with markets slightly more confident over a Bank of England (BoE) rate cut by August. The Pound to Euro (GBP/EUR) exchange rate retreated to test 1.1700 from Monday highs at 1.1750 and further away from key resistance at 1.1765. The...

CATEGORIES: Pound Euro 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

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 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

Scope for Pound Sterling Gains Against Euro on Today's ECB Meeting

7 Mar 2024 at 9 AM - Written by John Cameron

STORY LINK Scope for Pound Sterling Gains Against Euro on Today's ECB Meeting

The Pound to Euro exchange rate (GBP/EUR) was unable to make headway on Wednesday and settled below the 1.1700 level. The budget failed to lift the Pound and the focus will now be on Thursday’s ECB policy meeting to see if traders can force a breakout from narrow ranges on dovish ECB talk. According to MUFG; “We have been...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Fails to Crack 1.17, GBP Seeks a Breakout

6 Mar 2024 at 6 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Fails to Crack 1.17, GBP Seeks a Breakout

The Pound to Euro exchange rate has held steady, but unable to break above the 1.1700 level. Traders will be looking at Wednesday’s UK budget and Thursday’s ECB policy decision to attempt a range break. UK data releases have not provided further currency support and domestic equity markets have also moved lower, limiting Pound...

CATEGORIES: Pound Euro Forecasts

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