Euro Pound forecast - EUR GBP

The Pound Euro exchange rate (GBP/EUR) hit 3-week highs at 1.1550 on Monday before settling around 1.1535 with little change on Tuesday. UK equities retreated on Monday and registered further losses on Tuesday with weaker risk conditions tending to limit the scope for further Pound buying. Andrew Jones, portfolio manager at Janus...

Foreign exchange strategists at ANZ maintain a positive stance on the Pound to Euro (GBP/EUR) exchange rate, primarily due to expectations that the Euro-Zone will underperform the UK with heightened recession risks. It sees scope for GBP/EUR to strengthen to 1.1765. In contrast, MUFG expects that GBP/EUR will weaken to 1.1235 on a...

The Pound Euro (GBP/EUR) exchange rate jumped on Wednesday morning after a surprise rise in UK inflation boosted Bank of England (BoE) interest rate rise bets. At the time of writing, GBP/EUR was trading at around €1.1369, having gained 0.2% on the day. Pound (GBP) Jumps as UK CPI Boosts BoE Bets The Pound (GBP) rallied on...

GBP/EUR Exchange Rate Weakened by Speculative EUR Investors The Pound to Euro (GBP/EUR) exchange rate dropped on Monday as speculation of another 75bps rate hike from the European Central Bank (ECB) cheered EUR investors. At time of writing the GBP/EUR exchange rate traded at around €1.1510, which was roughly down 0.2% from Monday’s...

GBP/EUR Exchange Rate Sluggish Amid Muted Market Mood The Pound to Euro (GBP/EUR) exchange rate was sluggish on Friday as the passing of Queen Elizabeth and the Eurozone’s upcoming emergency energy meeting subdued trading. At time of writing the GBP/EUR exchange rate traded at around €1.1510, which barely changed from Friday’s...

GBP/EUR Exchange Rate Gains ahead of Energy Price Intervention The Pound to Euro (GBP/EUR) exchange rate strengthened on Tuesday as investors waited for Liz Truss’ first speech as Prime Minister. At time of writing the GBP/EUR exchange rate traded at around €1.1659, up roughly 0.3% from Tuesday’s opening level. Pound (GBP)...

GBP/EUR Regains Ground as Fuel Supplies Stabilise The Pound Euro (GBP/EUR) exchange rate has strengthened this morning, as the UK’s fuel supply crisis is back under control and the UK posts some positive data. Meanwhile, German employment data printed below forecasts, which may be denting EUR exchange rates. Pound (GBP)...

GBP/EUR Exchange Rate Falls, Delta Variant Uncertainty Weakens UK Market Confidence The Pound Euro (GBP/EUR) exchange rate dipped by 0.4% today as growing uncertainty over the Delta variant of the coronavirus weakens confidence in the UK’s economic recovery. The pairing is currently trading around €1.16. Today saw reports that fully...

GBP/EUR Exchange Rate Steady, UK GDP Receives Boost from Easing of Lockdown Measures The Pound Euro (GBP/EUR) exchange rate held steady today following the release of the flash UK GDP data for the second quarter, which confirmed forecasts and rose by 4.8%. The pairing is currently trading around €1.17. Sterling has benefited from the...

GBP/EUR Exchange Rate Edges Higher as German and Eurozone Economic Sentiment Shrinks The Pound Euro (GBP/EUR) exchange rate rose by 0.2% today following the release of the latest Eurozone ZEW survey of economic sentiment for August, which fell below forecasts and contraction from 61.2 to 42.7. The pairing is currently fluctuating around...