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Euro Forecast Directory - Page #118

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

Pound to Euro Week Ahead Forecast: A Push Towards 1.18?

4 Feb 2024 at 12 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: A Push Towards 1.18?

Foreign exchange strategists at Credit Agricole forecast that the Pound Sterling (GBP) will strengthen to 1.1900 against the Euro (EUR) by the end of 2024. Danske Bank still forecasts that the GBP/EUR exchange rate will weaken to 1.1235 this year. Relative economic expectations remain a key element and GBP/EUR posted 5-month highs...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Sterling Dips Below 1.1700 Ahead of Weekend

2 Feb 2024 at 6 PM - Written by James Fuller

STORY LINK Pound to Euro: Sterling Dips Below 1.1700 Ahead of Weekend

The pound-to-euro (GBP/EUR) exchange rate dipped to lows at 1.1685 ahead of Thursday’s Bank of England (BoE) policy meeting. The BoE vote split and guidance were less dovish than expected and this triggered a rebound in the Pound as markets pared expectations of a May interest rate cut. GBP/EUR rallied to 1.1730 and traded above...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

2 Feb 2024 at 10 AM - Written by Frank Davies

STORY LINK Euro to Dollar Forecast Next Few Weeks: 1.0650-1.1000 say Westpac Analysts

EUR/USD Exchange Rate Slides to 7-Week Lows as Fed’s Powell Says March Rate Cut is Unlikely The dollar dipped at times following Wednesday’s Federal Reserve policy decision, but Chair Powell’s comments that a March rate cut was unlikely proved decisive and the dollar posted significant net gains. Risk appetite was also less...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro FX Outlook: The key GBPEUR level to watch is 1.1765

1 Feb 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro FX Outlook: The key GBPEUR level to watch is 1.1765

The Pound to Euro exchange rate dipped sharply to lows at 1.1670 on Tuesday after slightly better-than-expected Euro-Zone data, but traded back above 1.1700 on Wednesday. The UK data releases have been generally favourable which has helped underpin the Pound while initial Euro-Zone inflation releases have been weaker than expected...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Today: Eurozone Avoids Recession

31 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Today: Eurozone Avoids Recession

The Pound to Euro exchange rate hit 5-month highs just below 1.1750 on Monday before a retreat to 1.1710 on Tuesday. Slightly disappointing UK credit data and better-than-expected Euro-Zone GDP data triggered a Pound correction. According to flash data, Euro-Zone GDP was unchanged in the fourth quarter of 2024 compared with...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Best Money Transfer Rates of Five Months

30 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro: Best Money Transfer Rates of Five Months

Dovish ECB Expectations Continue to Sap Euro Support, GBP/EUR Exchange Rate Hits Fresh 5-Month Highs The Pound to Euro (GBP/EUR) exchange rate found support at 1.1700 on Friday and posted a further advance on Monday with a fresh 5-month high just above the 1.1730 level. The Euro-Zone economic data releases and Bank of England (BoE)...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole

28 Jan 2024 at 3 PM - Written by David Woodsmith

STORY LINK Euro to Dollar FX Outlook: 1.05 by end of 2024 say Credit Agricole

Foreign currency experts at Credit Agricole predict that the Euro to Dollar exchange rate will weaken to 1.05 at the end of 2024. After initial hesitation and vulnerability with the threat of 1.0715/25, ING still expects that EUR/USD will strengthen to 1.15 by the end of 2024. EUR/USD dipped to 6-week lows just below 1.0815 during...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?

28 Jan 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?

Foreign exchange strategists at HSBC expect the Pound to Euro exchange rate to weaken to 1.1480. In contrast, Nordea expects GBP/EUR to strengthen to 1.19 at the end of 2024. GBP/EUR secured a significant net gain for the week with 5-month highs at 1.1735 before consolidation around 1.1715. The overall data flows bolstered...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets

27 Jan 2024 at 8 AM - Written by David Woodsmith

STORY LINK Euro to Dollar Rate Rallies from 6-Week Lows on Global Rate-Cut Bets

The choppy trend in currency markets continued in European trading on Friday with the Euro recovering from fresh 6-week lows to trade higher on the day. Stronger equities and hopes for concerted interest rate cuts this year helped support the Euro in global markets with the dollar unable to capitalise on evidence of firm US...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England

27 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England

The Pound to Euro exchange rate spiked higher after Thursday’s ECB policy meeting with a 5-month high of 1.1730 and held above 1.1700 on Friday to trade around 1.1715. Expectations of a more dovish ECB policy sapped Euro support with the focus now moving to the Bank of England. According to ING, EUR/GBP is closing in on major...

CATEGORIES: Pound Euro Forecasts

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