Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Euro forecast - GBP EUR

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

LIVE EXCHANGE RATE 09:36:52 Pound Euro Rate »
GBP/EUR +0 Days Low Days High Last Daily
1.17434 +0% 1.17434 1.17434 1.17434

GBP/EUR Exchange Rate Retreats from Key Resistance Level

24 May 2024 at 7 AM - Written by John Cameron

The Pound to Euro exchange rate (GBP/EUR) came close to touching the key 1.1765 level in early Europe on Thursday before a limited retreat to just below 1.1740 after a mixed round of UK business confidence data and further evidence of a Euro-Zone rebound. The 1.1765 area remains a key resistance area. Late on Tuesday, Prime Minister...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rockets to 2-Month Best as Snap UK General Election Called

23 May 2024 at 7 AM - Written by David Woodsmith

Although the UK inflation rate declined sharply for April with the lowest headline reading for close to three years, the decline was smaller than expected and services-sector inflation remains notably stubborn. Markets considered that the chances of a June rate cut had dipped to below 20% from 50% ahead of the data. The chances of an...

CATEGORIES: Pound Euro Forecasts

Pound Sterling: Positive Global Sentiment Underpins Currency, GBP/EUR Hits May Highs

22 May 2024 at 7 AM - Written by John Cameron

The Pound has made headway during Tuesday despite nerves ahead of the latest UK inflation data. HSBC commented; "Since the last Monetary Policy Committee (MPC) meeting, it has been well understood that the June rate cut scenario depends on this week's CPI and the next one due June 19." Expectations of ECB and Bank of Canada June...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Hits 10-Day Best Exchange Rate Pricing

21 May 2024 at 1 PM - Written by John Cameron

Pound Sterling (GBP) held firm against the Euro (EUR) on Friday with positioning ahead of a major week of UK data next week a key element in currency markets. The Pound to Euro exchange rate (GBP/EUR) posted net gains on Friday with a 10-day high to just above the 1.1670 level. The Pound to Dollar exchange rate (GBP/USD) also found...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Nears 2-Week Best Ahead of Crucial UK Inflation

20 May 2024 at 5 PM - Written by John Cameron

The Pound to Euro (GBP/EUR) exchange rate strengthened to 2-week highs at 1.1690 on Friday before settling just below 1.1680 on Monday. The latest UK inflation data will be crucial for the Pound this week and the latest PMI business confidence data will also be a key element. Rightmove data recorded an increase in UK house prices of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: "Risks Skewed to Downside" say Analysts

19 May 2024 at 1 PM - Written by John Cameron

Foreign exchange (FX) analysts at ING and Danske Bank expect the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024. Nordea expects GBP/EUR will strengthen to 1.1765 on a 3-month view before a retreat to 1.1630 at the end of 2024. The interest rate debate remained a key element and inflation data in the...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Closer to a Rate Cut

12 May 2024 at 3 PM - Written by John Cameron

Foreign exchange analysts at ING and MUFG expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1495 by mid-year as the Bank of England (BoE) cuts interest rates. According to ING; “we think sterling is on the verge of independent weakness. At some point over the next couple of months, we think the Bank of England...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Consolidates Above 1-Week Lows Ahead of BoE

7 May 2024 at 5 PM - Written by David Woodsmith

The Pound to Euro exchange rate (GBP/EUR) dipped to 1-week lows just below 1.1650 on Friday before a tentative recovery to 1.1665. Growth prospects and monetary policies will remain key elements in the short term with market positioning ahead of this Thursday’s Bank of England (BoE) policy meeting also important. MUFG expects a...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.1560 - 1.19 Ranges by End-2024

6 May 2024 at 7 AM - Written by John Cameron

Foreign exchange analysts at MUFG expect limited Pound to Euro exchange rate (GBP/EUR) losses to 1.1560 at the end of 2024. Credit Agricole, however, expects that GBP/EUR will advance to 1.1900 at the end of the year. Dollar developments tended to dominate during the week, but the Pound lost ground ahead of the Bank of England (BoE)...

CATEGORIES: Pound Euro Forecasts