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Euro Forecast Directory - Page #98

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

Pound to Euro Rate Slips following Trump’s Nomination for Treasury Secretary

25 Nov 2024 at 3 PM - Written by Ben Hughes

STORY LINK Pound to Euro Rate Slips following Trump’s Nomination for Treasury Secretary

The Pound Euro exchange rate (GBP/EUR) edged lower on Monday as Donald Trump’s Treasury Secretary nomination helped calm concerns about US tariffs negatively impacting the Eurozone economy. At the time of writing, GBP/EUR traded at €1.1986, down more than 0.3% on the day. The Euro (EUR) strengthened on Monday, supported by its...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Week Ahead Forecast: Another EUR Lurch Lower

24 Nov 2024 at 11 AM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Week Ahead Forecast: Another EUR Lurch Lower

Foreign exchange analysts at Commerzbank expect the Pound to Euro exchange rate (GBP/EUR) to maintain strength throughout 2025 with gains to 1.2350 at year-end. This would be the strongest level since 2016. There is very little in the way of dissent on a short-term view while, after initial gains to at least 1.22, MUFG expects that...

CATEGORIES: Currency Predictions Pound Euro Forecasts

EUR to USD Exchange Rate Drops to 1.035 as EU PMIs Miss

22 Nov 2024 at 2 PM - Written by Tim Boyer

STORY LINK EUR to USD Exchange Rate Drops to 1.035 as EU PMIs Miss

PMIs in the EU dropped further, with Services joining Manufacturing in contraction territory. The euro dropped sharply. EURUSD was down –1.35% and tested 1.035. One hope for the euro is that PMIs are not yet reflected in hard data such as GDP. The US dollar has had a remarkable run since late September when it was hovering...

CATEGORIES: Euro Dollar Forecasts

Pound to Euro Back Above 1.2000, Analyst Target 1.2050+

22 Nov 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Euro Back Above 1.2000, Analyst Target 1.2050+

The stronger than expected UK inflation data strengthened the Pound on Wednesday with the Pound to Euro (GBP/EUR) exchange rate edging back above the 1.2000 level from 1.1980 as markets priced out the already small possibility of a December Bank of England rate cut. Markets still expect significant rate cuts next year. According to...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Wavers amid Rising UK Borrowing and Russia-Ukraine Fears

22 Nov 2024 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Wavers amid Rising UK Borrowing and Russia-Ukraine Fears

The Pound Euro (GBP/EUR) exchange rate wavered sideways on Thursday as rising UK borrowing costs and flaring tensions in the Russia-Ukraine war weighed on both currencies. The Pound (GBP) declined on Thursday as higher-than-expected UK government borrowing figures raised concerns about the state of the public finances. Data from the...

CATEGORIES: Pound Euro Forecasts

GBP to EUR Exchange Rate Outlook: Pound-Euro Ticks Up following UK Inflation

21 Nov 2024 at 9 AM - Written by James Fuller

STORY LINK GBP to EUR Exchange Rate Outlook: Pound-Euro Ticks Up following UK Inflation

The Pound Euro (GBP/EUR) exchange rate edged up on Wednesday following the publication of the UK’s latest consumer price index (CPI). At the time of writing, the GBP/EUR was trading at around €1.2007, up roughly 0.3% from Wednesday’s opening levels. The Pound (GBP) experienced a modest rally against most of its counterparts on...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Today: Subdued

20 Nov 2024 at 9 AM - Written by David Woodsmith

STORY LINK Pound to Euro Exchange Rate Today: Subdued

The Pound Euro (GBP/EUR) exchange rate traded largely flat on Tuesday following the publication of the Eurozone’s latest inflationary data release. At the time of writing, the GBP/EUR was trading at around €1.1970, virtually unchanged from Tuesday’s opening levels. The Euro (EUR) weakened against most of its counterparts on...

CATEGORIES: Pound Euro Forecasts

Big Week for European Economies, Pound to Euro Rate Retreats

18 Nov 2024 at 5 PM - Written by David Woodsmith

STORY LINK Big Week for European Economies, Pound to Euro Rate Retreats

The Pound has continued to lose ground on Monday with the Pound to Euro (GBP/EUR) exchange rate dipping to 20-day lows below 1.1950. ING expects a firm GBP/EUR tone on near-term central bank divergence; “we see any dovish repricing in BoE expectations coming after a December outsized ECB cut.” Dollar developments and...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Bounces off 12-Week Low

18 Nov 2024 at 5 PM - Written by Tim Boyer

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Bounces off 12-Week Low

The Pound Euro (GBP/EUR) exchange rate fell to a 12-day low on Monday morning, before regaining some losses, amid a souring market mood. The Pound (GBP) initially faced challenges on Monday, slipping against safer peers as a deteriorating market mood weighed on the increasingly risk-sensitive currency. Meanwhile, certain UK economic...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Week Ahead Forecast: Downside Risks to Medium-Term Outlook

17 Nov 2024 at 2 PM - Written by Frank Davies

STORY LINK Pound to Euro Rate Week Ahead Forecast: Downside Risks to Medium-Term Outlook

The near-term Pound Sterling outlook against the Euro continues to be vulnerable to Trump-based volatility. The global backdrop is likely to have a major influence on the Pound to Euro exchange rate (GBP/EUR) in the coming days and weeks. RBC Capital Markets have made sharp revisions to its forecasts in the latest update as it...

CATEGORIES: Pound Euro Forecasts

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