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Euro Forecast Directory - Page #123

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

US Dollar Recovers After US Inflation Data, EUR/USD Unable to Hold 1.08

12 Dec 2023 at 10 PM - Written by David Woodsmith

STORY LINK US Dollar Recovers After US Inflation Data, EUR/USD Unable to Hold 1.08

After moving higher into Tuesday’s New York open, the Euro to Dollar (EUR/USD) exchange rate briefly spiked to highs at 1.0825 in immediate reaction to the US inflation data. There was notably choppy trading after the data with EUR/USD retreating to lows at 1.0760 before trading around 1.0790 in choppy trading. Interest rate...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

12 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

The Pound Euro exchange rate was unable to make headway on Friday, but did find support below the 1.1650 level and consolidated around 1.1665 on Monday as relatively narrow ranges prevailed. GBP/EUR hit 3-month highs last week, but was unable to break above 1.1700 on three separate occasions which helped trigger a limited...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: ECB and BoE Policies to Dominate

10 Dec 2023 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: ECB and BoE Policies to Dominate

Danske Bank currency specialists expect the Pound to Euro exchange rate to slide to 1.1050 in 2024. In contrast, Rabobank sees scope for limited net Pound Sterling gains against the Euro to 1.1765 on a six-month view. After jumping at the end of last week, GBP/EUR posted 3-month gains to just below 1.1700, but was unable to make...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Forecast: 1.04 in Next 12 Months say Danske

7 Dec 2023 at 9 AM - Written by Tim Boyer

STORY LINK Euro to Dollar Forecast: 1.04 in Next 12 Months say Danske

Foreign exchange strategists at Danske Bank expect that the overall global profile will undermine the Euro while US out-performance is likely to continue. In this environment, the Euro to Dollar (EUR/USD) exchange rate is likely to grind lower next year. It is, however, wary over the potential for near-term EUR/USD gains and...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

5 Dec 2023 at 8 AM - Written by Ben Hughes

STORY LINK Euro-Dollar Slides to Near 1.08 on ECB Rate-Cut Speculation and Gold Reversal

Markets remain convinced that US and ECB interest rates will not be increased further, especially with evidence of weakening inflation pressures. Markets are also confident that both central banks will cut interest rates next year. After jumping in Asia, gold posted sharp losses during the day which underpinned the dollar and the...

CATEGORIES: Daily Currency Updates Euro Dollar Forecasts

GBP/EUR Outlook: Pound to Euro Exchange Rate Posts 12-Week Best

4 Dec 2023 at 12 PM - Written by Frank Davies

STORY LINK GBP/EUR Outlook: Pound to Euro Exchange Rate Posts 12-Week Best

The Pound to Euro exchange rate posted 12-week highs just above 1.1690 in Asia on Monday before consolidating just above 1.1650. Market positioning and the shift in relative interest rate expectations has been a key element with the Pound drawing support from expectations of aggressive rate cuts next year. There has already been in...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

3 Dec 2023 at 7 PM - Written by Ben Hughes

STORY LINK Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley

Foreign currency strategists at Morgan Stanley expect that the Euro to Dollar (EUR/USD) exchange rate will slide to parity by the end of the first quarter of 2024. Wells Fargo expects that the dollar will lose ground in 2024 with the Euro to Dollar (EUR/USD) exchange rate at 1.11 at the end of 2024. There was choppy dollar and Euro...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Euro Week Ahead Forecast: FX Bank Views Roundup

3 Dec 2023 at 7 PM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: FX Bank Views Roundup

Foreign exchange analysts at Rabobank see scope for the Pound to Euro exchange rate (GBP/EUR) to strengthen to 1.1765 on a 6-month view. In contrast, Bank of America does not expect GBP/EUR to strengthen further with a rate of 1.1495 in mid 2024 and 1.1365 at the end of next year. The Pound to Euro (GBP/EUR) exchange rate has posted...

CATEGORIES: Pound Euro Forecasts

Pound Euro Rate Today: Sterling Jumps to 10-week Highs as ECB Rate Cuts Seen as Inevitable

3 Dec 2023 at 6 PM - Written by Frank Davies

STORY LINK Pound Euro Rate Today: Sterling Jumps to 10-week Highs as ECB Rate Cuts Seen as Inevitable

The overall data flows and central bank interest rate expectations have continued to underpin the Pound against the Euro with Bank of England (BoE) having greater success than the ECB in pushing back against expectations of rate cuts next year. The Pound to Euro (GBP/EUR) exchange rate was unable to hold above 1.1600 on Thursday, but...

CATEGORIES: Pound Euro Forecasts

Euro-Dollar Retreats, Where Next? December EUR/USD Outlook

1 Dec 2023 at 7 AM - Written by Ben Hughes

STORY LINK Euro-Dollar Retreats, Where Next? December EUR/USD Outlook

The Euro to Dollar (EUR/USD) exchange rate came under significant pressure after Thursday’s European open as further evidence of a sharp decline in Euro-Zone inflation reinforced expectations of an early cut in ECB interest rates. EUR/USD retreated to lows just below 1.0910 ahead of the New York open before stabilising. Month-end...

CATEGORIES: Euro Dollar Forecasts

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