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Euro Forecast Directory - Page #116

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

Euro Outlook: "Dollar Bid Next Couple of Weeks, Then Turning Lower in March"

23 Feb 2024 at 7 AM - Written by David Woodsmith

STORY LINK Euro Outlook: "Dollar Bid Next Couple of Weeks, Then Turning Lower in March"

The Euro (EUR) spiked higher after the French PMI business confidence data beat expectations with the Euro to Dollar exchange rate jumping to 20-day highs just below 1.0890. The subsequent data was less convincing with particular concern over the German manufacturing sector. Evidence of stronger inflation in the data also curbed...

CATEGORIES: Euro Dollar Forecasts

Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

22 Feb 2024 at 6 AM - Written by John Cameron

STORY LINK Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

The Pound to Euro exchange rate (GBP/EUR) dipped to 4-week lows just below 1.1660 on Tuesday before a tentative recovery to 1.1680. Global central bank interest rate expectations will remain a crucial element for global currency markets with some Euro support as confidence in an April ECB rate cut faded. GBP/EUR can make headway if...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar: "Squeeze Higher Towards 1.09 may Develop" say Scotiabank

20 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Euro to Dollar: "Squeeze Higher Towards 1.09 may Develop" say Scotiabank

The Euro to Dollar (EUR/USD) exchange rate edged just above the 1.08 level after the latest Euro-Zone wages data and advanced to 2-week highs around 1.0820 as narrow ranges again prevailed. Low volatility and solid equity markets have combined to curb potential dollar demand with markets waiting for the next major data...

CATEGORIES: Euro Dollar Forecasts

Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

20 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

Bank of America (BoA) has significantly increased its Pound to Euro exchange rate (GBP/EUR) forecast for the end of 2024 to 1.1905 from 1.1365 and adjusted the end-2025 forecast to 1.1765 from 1.1625. BoA notes that Sterling's appreciation will be mainly concentrated in this year, driven by policy divergence, but expects the rate of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

19 Feb 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

The Pound to Euro (GBP/EUR) exchange rate found support close to 1.1675 on Friday and settled below the 1.1700 level. Narrow ranges prevailed on Monday with US markets closed with GBP/EUR creeping higher to just above the 1.1700 level. ING expects that overall currency moves will remain limited; “Volatility in FX markets derives...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year

18 Feb 2024 at 9 AM - Written by Tim Boyer

STORY LINK Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year

Danske Bank analysts expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 on a 6-12 month view. In contrast, Credit Agricole expects that GBP/EUR will strengthen to 1.1905 at the end of 2024. GBP/EUR briefly touched 1.1765 during the week, but failed to break this key resistance level and retreated to below...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Week Ahead Outlook: New Ranges 1.05-1.15 by End 2024

18 Feb 2024 at 9 AM - Written by John Cameron

STORY LINK Euro to Dollar Week Ahead Outlook: New Ranges 1.05-1.15 by End 2024

BNP Paribas currency analysts expect the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.15 at the end of 2024. Barclays, however, sees downside EUR/USD risks to their Q1 forecast of 1.05. The major US data releases were mixed during the week with a stronger than expected readings for consumer and producer prices while...

CATEGORIES: Euro Dollar Forecasts

Euro Outlook: "Longer run studies remain resolutely bearish" say Scotiabank

15 Feb 2024 at 6 PM - Written by Tim Boyer

STORY LINK Euro Outlook: "Longer run studies remain resolutely bearish" say Scotiabank

The yen was broadly resilient on Thursday despite weaker than expected Japanese GDP data and the Dollar to Yen (USD/JPY) exchange rate dipped below 150.0 after the latest US retail sales data. The Euro to Dollar (EUR/USD) exchange rate also recovered to 1.0785 highs from 3-month lows near 1.0700 before trading around...

CATEGORIES: Euro Forecasts

Pound Euro Dips as UK Recession Confirmed, Sterling Below 1.17

15 Feb 2024 at 5 PM - Written by John Cameron

STORY LINK Pound Euro Dips as UK Recession Confirmed, Sterling Below 1.17

UK data on Thursday confirmed that the UK dipped into technical recession for the second half of 2023. The Pound registered limited net losses with the Pound to Euro (GBP/EUR) exchange rate retreating to 1-week lows at 1.1690 before trading just below 1.1700. According to MUFG; “It looks like light EUR/GBP shorts had been built up...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

14 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

The Pound to Euro (GBP/EUR) exchange rate retreated sharply from 5-month highs of 1.1760 after the latest UK inflation data and retreated further to near 1.1700 after Bank of England Governor Bailey stated that downward pressure on inflation is quite broad-based. Markets are pricing in a 50% chance of a June rate cut with immediate...

CATEGORIES: Pound Euro Forecasts

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