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Euro Forecast Directory - Page #135

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

Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10

20 Dec 2023 at 5 PM - Written by Frank Davies

STORY LINK Euro to Dollar Outlook 2024: HSBC Now Predicts Above 1.10

The Euro to Dollar exchange rate (EUR/USD) has been held below 1.10, but found support below 1.0900 on Monday and advanced to 1.0935 on Tuesday with relatively narrow ranges prevailing. Federal Reserve and ECB policy decisions, as well as market pricing, will be crucial factors. Goldman Sachs expects the Fed and ECB will both be...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

18 Dec 2023 at 9 AM - Written by John Cameron

STORY LINK Euro to Dollar Forecast 2024: Odds of 1.20 Next Year "Very Slim Indeed" says Juckes

Where do foreign exchange analysts see the Euro (EUR) against the US Dollar (USD) next year (2024)? Commerzbank expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.15 by mid 2024 before fading. Morgan Stanley, however, expects that EUR/USD will weaken back to parity in Spring 2024. EUR/USD surged to...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Euro Week Ahead Forecast: Euro-Zone Concerns to Support Sterling

17 Dec 2023 at 7 PM - Written by Tim Boyer

STORY LINK Pound to Euro Week Ahead Forecast: Euro-Zone Concerns to Support Sterling

Foreign exchange analysts at Danske Bank expect the Euro (EUR) to gradually grind higher against Pound Sterling (GBP). They expect the Pound to Euro (GBP/EUR) exchange rate to weaken to 1.1235 over 2024. In contrast, Rabobank now sees scope for GBP/EUR gains to 1.1900 on a 9-12-month view. A key issue will be whether tight...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Boosted After Rebound in UK Services Activity

17 Dec 2023 at 7 PM - Written by Frank Davies

STORY LINK Pound Sterling Boosted After Rebound in UK Services Activity

GBP/EUR Exchange Rate Strengthens as Rebound in UK Services Activity Boosts the Pound UK services-sector activity strengthened to a 6-month high for December while the Euro-Zone economy remained in contraction territory. The UK data gave some credibility to Bank of England hawkish rhetoric while doubts that the ECB stance is...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rebound Attempt Fails as BoE, ECB Both Reject talk of Rate Cuts

15 Dec 2023 at 12 PM - Written by James Fuller

STORY LINK Pound to Euro Rebound Attempt Fails as BoE, ECB Both Reject talk of Rate Cuts

The Bank of England (BoE) and ECB both met expectations on Thursday with no changes to interest rates and both pushed back against market expectations of lower interest rates anytime soon. Given the recent shift in pricing, there was scope for a significant adjustment in market rate expectations which boosted the Pound and Euro on...

CATEGORIES: Pound Euro Forecasts

Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

15 Dec 2023 at 12 PM - Written by Frank Davies

STORY LINK Euro to Dollar Outlook: Is a move towards 1.12 on the radar asks Scotiabank

EUR/USD Exchange Rates Jump to 2-week Highs as ECB Rejects Talk of Lower Rates The dollar remained under pressure on Thursday and the Euro strengthened after the ECB policy decision. Given this combination, the Euro to Dollar (EUR/USD) exchange rate jumped to 2-week highs fractionally below 1.1000 before settling around...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

FED Rate Cut Tipped at 0.25% rate cut in June say Goldman Sachs

14 Dec 2023 at 2 PM - Written by Frank Davies

STORY LINK FED Rate Cut Tipped at 0.25% rate cut in June say Goldman Sachs

US Dollar Slumps on Fed Pivot Towards Rate Cuts, EUR/USD Exchange Rate Nears 1.09 Although the Federal Reserve policy decision was in line with expectations, the interest rate forecasts were more dovish than expected and Fed Chair Powell did little to push back against market pricing. Indeed, he was significantly more dovish than...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Mid-Week Forecast: BoE and ECB Guidance in Focus

13 Dec 2023 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro Mid-Week Forecast: BoE and ECB Guidance in Focus

Weaker-than-expected UK GDP data on Wednesday triggered Pound losses with the Pound to Euro (GBP/EUR) exchange rate sliding to 10-day lows around 1.1610. The data will not have an impact on Thursday’s Bank of England decision, but there will be a stronger conviction of notable rate cuts in 2024. Money markets are currently pricing...

CATEGORIES: Pound Euro Forecasts

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

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