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Euro Forecast Directory - Page #115

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

Pound to Euro Firm Around 1.168 Ahead of the 2024 UK Spring Budget

5 Mar 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Firm Around 1.168 Ahead of the 2024 UK Spring Budget

The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 10-day lows near 1.1660 on Friday before a tentative recovery and traded around 1.1685 on Monday. Two key events this week will be the UK budget on Wednesday and ECB policy meeting on Thursday. The shaping of the fiscal and monetary debate by the UK government and ECB will...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Drifts Weaker, 1.1495-1.1905 2024 Ranges

3 Mar 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Drifts Weaker, 1.1495-1.1905 2024 Ranges

Foreign currency strategists at MUFG expect that the Pound to Euro exchange rate (GBP/EUR) volatility is too low and that the pair will weaken to 1.1495 at the end of 2024. Bank of America, however, expects net GBP/EUR gains to 1.1905 at the end of the year on improved UK fundamentals. There have been no major UK developments during...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative

3 Mar 2024 at 3 PM - Written by David Woodsmith

STORY LINK Euro to Dollar Week Ahead Forecast: EUR/USD Waiting for a Fresh Narrative

Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of 2024. In contrast, Danske Bank is still backing dollar strength with a 12-month EUR/USD forecast of 1.04. EUR/USD was marginally stronger on the week, trading around 1.0830...

CATEGORIES: Euro Dollar Forecasts

Euro to Pound Rate "Finds itself in a State of Flux": Danske

2 Mar 2024 at 6 AM - Written by Tim Boyer

STORY LINK Euro to Pound Rate "Finds itself in a State of Flux": Danske

The latest UK data indicates that hopes for lower interest rates have underpinned a rebound in the housing sector and boosted business confidence. The Euro has held firm, however, and the Pound to Euro (GBP/EUR) exchange rate has edged lower to 1.1675. Solid data and expectations of tax cuts next week should still underpin GBP/EUR...

CATEGORIES: Euro Pound Forecasts

Euro to Dollar Outlook: "Scope for more broad-based USD strength"

28 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Euro to Dollar Outlook: "Scope for more broad-based USD strength"

The Euro to Dollar exchange rate (EUR/USD) was unable to hold above 1.0850 on Tuesday and edged lower later in the day despite weaker-than-expected US data. EUR/USD retreated further to test 1.0800 on Wednesday with markets expecting near-term inflation data to support the US currency. The dollar also gained an element of defensive...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Exchange Rate Under 1.17 on Hints of Euro-Zone Recovery

27 Feb 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Under 1.17 on Hints of Euro-Zone Recovery

The Pound to Euro exchange rate (GBP/EUR) has continued to consolidate below the 1.1700 level and traded close to 1.1685 in early Europe on Tuesday. The Pound has been underpinned by low volatility in global markets, but overall ranges have remained narrow. The Euro has also been protected by hopes for a revival in the Euro-Zone...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

26 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

There are no major UK data releases this week with the focus likely to be on central bank talk and Euro-Zone inflation data. The Pound to Euro (GBP/EUR) exchange rate advanced to 1.1725 on Friday before fading to near 1.1700 and traded just below this level on Monday. 1.1765 remains a key resistance area. According to ING;...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecasts Lowered at Commerzbank, Now Target 1.10 by End 2024

25 Feb 2024 at 10 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Forecasts Lowered at Commerzbank, Now Target 1.10 by End 2024

Commerzbank has modestly lowered its EUR/USD forecasts due to a reassessment of US monetary policy, now anticipating fewer rate cuts than previously expected and the market currently prices in. “We now expect the EUR/USD exchange rate to be around 1.1000 at the end of 2024 (previously: 1.1200) and around 1.0800 at the end of 2025...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

25 Feb 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

Bank of America (BoA) analysts forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.1905 at the end of 2024. In contrast, after an initial firm tone, ING expects GBP/EUR to weaken to 1.1365 on a 12-month view. GBP/EUR dipped to 3-week lows below 1.1660 during the week before a recovery to 1.1715 on...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

24 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

The Pound to Euro exchange rate (GBP/EUR) found support below 1.1670 on Thursday and rallied to the 1.1700 area. Overall risk conditions were broadly favourable which helped underpin Sterling and GBP/EUR traded just above 1.1700 on Friday. According to ING, GBP/EUR can secure limited net gains on interest rate expectations. It...

CATEGORIES: Pound Euro Forecasts

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