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Euro Forecast Directory - Page #178

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

Poor Eurozone Output Data Pushes GBP/EUR Exchange Rate Up by 0.3% Today

8 Jun 2018 at 11 AM - Written by James Fuller

STORY LINK Poor Eurozone Output Data Pushes GBP/EUR Exchange Rate Up by 0.3% Today

On Thursday, the Pound to Euro (GBP/EUR) exchange rate opened in the region of 1.1391 and closed lower around 1.1377. This minor decline was caused by GBP trader uncertainty about the potential resignation of Brexit Secretary David Davis. The issue at hand was the Brexit ‘backstop’, which is a planned ‘safety net’ policy that...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Drops on Forecast Difficulties with Brexit ?Backstop?

7 Jun 2018 at 4 PM - Written by Ben Hughes

STORY LINK GBP/EUR Exchange Rate Drops on Forecast Difficulties with Brexit ?Backstop?

On Wednesday, the Pound to Euro exchange rate opened in the region of 1.1434 but closed down lower around 1.1390. There was little solid UK economic data out on the day, which instead left Pound Sterling at the mercy of trader reactions to a document from the European Commission. The document warned EU businesses that they should be...

CATEGORIES: Pound Euro Forecasts

GBP EUR Exchange Rate Surges Higher on Hopes of Stronger Second Quarter UK Growth

5 Jun 2018 at 4 PM - Written by James Fuller

STORY LINK GBP EUR Exchange Rate Surges Higher on Hopes of Stronger Second Quarter UK Growth

A better-than-expected UK services PMI encouraged the Pound Euro (GBP/EUR) exchange rate to push higher on Tuesday, driven by improved confidence in the outlook of the domestic economy. Investors took encouragement from signs that the economy has bounced back from the weakness seen in March, boosting bets that the slowdown was only...

CATEGORIES: Pound Euro Forecasts

EUR to GBP Exchange Rate Climbs on Calming Political Jitters Despite Mixed Eurozone Data

4 Jun 2018 at 1 PM - Written by Minesh Chaudhari

STORY LINK EUR to GBP Exchange Rate Climbs on Calming Political Jitters Despite Mixed Eurozone Data

Despite some mixed Eurozone data in recent sessions and some slightly better than expected data from the UK, the Euro to British Pound (EUR/GBP) exchange rate has been climbing since markets opened this week. The pair could climb even further if Tuesday’s UK services PMI disappoints investors. Eurozone political jitters caused EUR/GBP to...

CATEGORIES: Euro Pound Forecasts

EUR/GBP Exchange Rate Rises as Eurozone Inflation Rises above Forecasts

31 May 2018 at 11 AM - Written by Tim Boyer

STORY LINK EUR/GBP Exchange Rate Rises as Eurozone Inflation Rises above Forecasts

On Wednesday, the Euro to Pound (EUR/GBP) exchange rate opened in the region of 0.8705 and closed up higher around 0.8781. In the bigger picture, this only represented a recovery for the Euro which has struggled recently because of Italian political instability. Ironically, Italian news was behind yesterday’s Euro rise because of a...

CATEGORIES: Euro Pound Forecasts

GBP/EUR Exchange Rate Drops -0.5% after Gloomy UK Economic Forecasts

30 May 2018 at 4 PM - Written by Ben Hughes

STORY LINK GBP/EUR Exchange Rate Drops -0.5% after Gloomy UK Economic Forecasts

On Tuesday, the Pound to Euro exchange rate (GBP/EUR) opened around 1.1448 and closed slightly higher at 1.1487. Poor Predictions for UK Economy Cause GBP/EUR Exchange Rate Losses The Pound has struggled against the Euro today, falling by -0.5% in the pairing. A lack of solid UK economic data has worsened the situation, with negative...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Inches Higher as UK Retail Sales Smash Expectations

24 May 2018 at 1 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Inches Higher as UK Retail Sales Smash Expectations

UK Retail Sales Recover in April – Pound Euro (GBP/EUR) Exchange Rate Posts Small Gain The Pound Euro exchange rate rebounded on Thursday, supported by a raft of fresh, upbeat data from the United Kingdom. According to the Office for National Statistics, retail sales in the UK recovered in April with a rise of 1.5% year-on-year – up...

CATEGORIES: Pound Euro Forecasts

GBP to EUR Exchange Rate Edges Higher as Bank of England Officials Take Surprisingly Hawkish Tone

22 May 2018 at 1 PM - Written by Frank Davies

STORY LINK GBP to EUR Exchange Rate Edges Higher as Bank of England Officials Take Surprisingly Hawkish Tone

Despite broad political jitters weighing on the Euro, and hopes that the Bank of England (BoE) could still be more hawkish than expected on Britain’s economy, the British Pound to Euro (GBP/EUR) exchange rate’s recovery was limited on Tuesday. Sterling traders highly anticipate key UK data due later in the week before making any big moves...

CATEGORIES: Pound Euro Forecasts

Euro-to-Pound Exchange Rate Edges Higher on Brexit Uncertainties Following Week of Losses

21 May 2018 at 5 PM - Written by Minesh Chaudhari

STORY LINK Euro-to-Pound Exchange Rate Edges Higher on Brexit Uncertainties Following Week of Losses

Despite Italian political uncertainties and bearish expectations for Eurozone inflation, the Euro to British Pound (EUR/GBP) exchange rate saw a modest recovery on Monday. This was largely due to Brexit and economic uncertainties weighing on Sterling ahead of this week’s key UK data reports. Italian political uncertainty had a big...

CATEGORIES: Pound Euro Forecasts

EUR/USD Dips after French Integration Plans Called into Question

21 May 2018 at 5 PM - Written by Tim Boyer

STORY LINK EUR/USD Dips after French Integration Plans Called into Question

Last week, the Euro to US Dollar exchange rate opened in the region of 1.1962 on Monday and closed down lower around 1.1787. This deterioration on the Euro’s part was twofold, with poor economic data and political uncertainty lowering demand for the single currency. Eurozone data showed slowing GDP growth and lower inflation, two...

CATEGORIES: Euro Forecasts

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