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Euro Forecast Directory - Page #119

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

Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank

26 Jan 2024 at 1 PM - Written by John Cameron

STORY LINK Euro to Dollar FX Forecast: "Prone to a retest of the low/mid 1.08s" say Scotiabank

ECB Lagarde Fails to Deliver Hawkish Rhetoric, EUR/USD Exchange Rate Retreats to near 1.0850 US data releases were mixed on Thursday while markets priced in slightly more interest rate cuts by the end of 2024 following the latest ECB policy decision and press conference. In this environment, the Euro drifted lower with the Euro to...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Rate Hovers Around 1.172 - GBP/EUR News

26 Jan 2024 at 1 PM - Written by Tim Boyer

STORY LINK Pound to Euro Rate Hovers Around 1.172 - GBP/EUR News

The Pound to Euro exchange rate briefly moved above the 1.1700 level after the stronger-than-expected business confidence data on Wednesday, but failed to sustain the gains and settled just above 1.1690. GBP/EUR will have scope for gains if the ECB forward guidance is less hawkish than expected later in the day. Otherwise, resistance...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast: "Sterling Longs Best Played vs Cyclically Weak Currencies"

25 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Forecast: "Sterling Longs Best Played vs Cyclically Weak Currencies"

Boost to Pound Sentiment as PMI Data Again Beats the Euro Area, GBP/EUR Exchange Rate Hits 4-Month Highs The latest business confidence data has reinforced market expectations that the UK economy will out-perform the Euro-Zone over the next few months at least. After trading in a 1.1680-1.1700 band during Tuesday, the Pound to Euro...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate: EUR Buyers See 6-Week Best Rates

24 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK Pound to Euro Exchange Rate: EUR Buyers See 6-Week Best Rates

The combination of stronger-than-expected UK government borrowing data and benign risk conditions have underpinned the Pound in global markets. The Pound to Euro exchange rate posted a marginal 6-week high at 1.1690 as markets priced in larger tax cuts ahead of the March budget. GBP/EUR, however, was unable to make a decisive break...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Today: "Limited Scope" for GBP/EUR Gains

22 Jan 2024 at 2 PM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Today: "Limited Scope" for GBP/EUR Gains

The Pound to Euro (GBP/EUR) exchange rate was unable to hold 1-month highs near 1.1690 last week and retreated to 1.1660 on Monday, although relatively narrow ranges prevailed. Any further recovery in equities would support both the Pound and Euro. The timing of potential interest rate cuts by the Bank of England (BoE) and ECB will...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Tipped to Slip to 1.11 in Next Twelve Months

21 Jan 2024 at 5 PM - Written by Ben Hughes

STORY LINK Pound to Euro Rate Tipped to Slip to 1.11 in Next Twelve Months

GBP/EUR: Second Thoughts on BoE Policy SocGen expects that the Pound to Euro (GBP/EUR) exchange rate will weaken to near 1.11 on a 12-month view. Rabobank, however, expects Euro-Zone economic vulnerability will be crucial with GBP/EUR strengthening to 1.19 over the second half of 2024. GBP/EUR secured a net gain during the week...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar FX Forecast in 12 Months: 1.15 say BNP Paribas

21 Jan 2024 at 5 PM - Written by John Cameron

STORY LINK Euro to Dollar FX Forecast in 12 Months: 1.15 say BNP Paribas

Foreign exchange strategists at BNPP expect the Euro to Dollar exchange rate will strengthen to 1.15 at the end of 2024 as the dollar losses ground and the Euro is resilient in global markets. In contrast, HSBC expects that the pair will weaken to 1.05 as confidence in the Euro erodes again. The dollar was boosted during the week by...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Forecast: "Potential for EUR to slip vs. GBP" say Rabobank

18 Jan 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Forecast: "Potential for EUR to slip vs. GBP" say Rabobank

Bank of England Rate-Cut Expectations Scaled Back, GBP/EUR Exchange Rate Strengthens to 5-Week High The Pound has maintained a firm tone during the past 24 hours with markets continuing to react to the latest inflation data. The Pound to Euro (GBP/EUR) exchange rate strengthened to 5-week highs just above 1.1670 before settling...

CATEGORIES: Pound Euro Forecasts

Commerzbank: "Our expected correction in the EUR is probably likely to take some time"

18 Jan 2024 at 7 AM - Written by Toni Johnson

STORY LINK Commerzbank: "Our expected correction in the EUR is probably likely to take some time"

US Dollar Advances Further After US Retail Sales Data, EUR/USD Exchange Rate Hits Fresh 1-Month Lows The Euro was broadly resilient ahead of Wednesday’s New York open before dipping again after the latest US retail sales data. The Euro to Dollar (EUR/USD) exchange rate retreated to fresh 1-month lows at 1.0850 and will continue to...

CATEGORIES: Euro Dollar Forecasts

Euro-Dollar "Should Pressure Upper 1.08s in the Short Run" say Scotiabank

17 Jan 2024 at 8 AM - Written by Tim Boyer

STORY LINK Euro-Dollar "Should Pressure Upper 1.08s in the Short Run" say Scotiabank

Dollar Pares Gains After Shock US Survey, EUR/USD Attempts to Recover from 1-Month Lows The dollar posted net gains into Tuesday’s open with weaker risk appetite and higher US yields. Although it remained in positive territory, there was a retreat from intra-day highs after a shock US data release. The Euro to Dollar (EUR/USD)...

CATEGORIES: Euro Dollar Forecasts

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