Pound Euro forecast - GBP EUR
A round up of the latest Pound Euro forecast news items from the Currency News desk.
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GBP/EUR Exchange Rate Outlook: Pound Muted despite Underwhelming Eurozone Data
6 Dec 2024 at 9 AM - Written by John Cameron
STORY LINK GBP/EUR Exchange Rate Outlook: Pound Muted despite Underwhelming Eurozone Data
The Pound Euro (GBP/EUR) exchange rate traded mostly sideways on Thursday following the release of the Eurozone’s latest retail sales data.
On Thursday, the Euro (EUR) gained strength against several other currencies but remained subdued against the Pound (GBP) despite the release of some underwhelming domestic data.
The...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Subdued following UK and Eurozone PMIs
5 Dec 2024 at 8 AM - Written by John Cameron
STORY LINK Pound to Euro Subdued following UK and Eurozone PMIs
The Pound Euro (GBP/EUR) exchange rate was mostly flat on Wednesday following the release of the UK’s and the Eurozone’s finalised services PMIs.
On Wednesday, the Pound (GBP) experienced a slight rise against several major currencies, driven by a mix of positive factors.
Firstly, Bank of England (BoE) Governor Andrew Bailey's...
CATEGORIES: Pound Euro Forecasts
Pound Euro Exchange Rate: "There are many reasons to be underweight in the euro"
5 Dec 2024 at 8 AM - Written by Tim Boyer
STORY LINK Pound Euro Exchange Rate: "There are many reasons to be underweight in the euro"
The Pound to Euro (GBP/EUR) exchange rate has held comfortably above 1.2000 and secured a net gain to around 1.2070. The pair was on track for the seventh successive daily gain amid increased fears over Euro-Zone stagflation.
According to ING; “Be it European political risk, weak activity, the threat of trade wars or energy prices...
CATEGORIES: Pound Euro Forecasts
Pound Euro (GBP/EUR) Exchange Rate Subdued despite Underwhelming Mid-Tier UK Data
4 Dec 2024 at 9 AM - Written by John Cameron
STORY LINK Pound Euro (GBP/EUR) Exchange Rate Subdued despite Underwhelming Mid-Tier UK Data
The Pound Euro (GBP/EUR) exchange rate treaded water on Tuesday following the publication of some mid-tier UK data, in the form of the latest BRC retail sales monitor.
The Pound (GBP) maintained its ground against most of its counter currencies on Tuesday, despite a lacklustre economic data release.
The UK's most recent BRC retail...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Rate: GBP Rises as Rallying USD, French Political Fears Weigh on EUR
3 Dec 2024 at 12 PM - Written by John Cameron
STORY LINK Pound to Euro Rate: GBP Rises as Rallying USD, French Political Fears Weigh on EUR
The Pound to Euro exchange rate (GBP/EUR) rose on Monday as a climbing US Dollar (USD) and French political instability dented the Euro.
The Euro came under significant pressure at the start of the week, due to the single currency’s negative correlation with a rallying US Dollar.
USD strengthened following remarks by...
CATEGORIES: Pound Euro Forecasts
French Fears Drag EUR Lower, Pound to Euro Rate Surges to 10-Day Best
3 Dec 2024 at 12 PM - Written by David Woodsmith
STORY LINK French Fears Drag EUR Lower, Pound to Euro Rate Surges to 10-Day Best
Fears over the French economic and political backdrop have triggered renewed Euro selling on Monday with the Pound to Euro (GBP/EUR) exchange rate surging to 10-day highs around 1.2085.
According to ING; “Unless inflation expectations drop sharply this week (not consensus), GBP rates being traded like USD rates should mean that...
CATEGORIES: Pound Euro Forecasts
Pound Euro (GBP/EUR) Exchange Rate Muted ahead of Eurozone Inflation
1 Dec 2024 at 2 PM - Written by Frank Davies
STORY LINK Pound Euro (GBP/EUR) Exchange Rate Muted ahead of Eurozone Inflation
The Pound Euro (GBP/EUR) exchange rate wavered sideways on Thursday as mixed factors and a muted mood ahead of the Eurozone inflation figures subdued the pairing.
The Pound (GBP) traded flat on Thursday due to an absence of significant UK economic data.
The sole release was a mid-tier consumer confidence report from the British...
CATEGORIES: Pound Euro Forecasts
Pound to Euro Rate Week Ahead Forecast: French Fears in Focus
1 Dec 2024 at 2 PM - Written by Ben Hughes
STORY LINK Pound to Euro Rate Week Ahead Forecast: French Fears in Focus
Bank of America (BoA) has changed its forecasts at now expects that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.25 at the end of 2025 from 1.2150 previously.
The bank also expects further gains to 1.30 at the end of 2026.
In contrast, ING expects GBP/EUR will surrender interim gains to trade at 1.19 at the end of...
CATEGORIES: Currency Predictions Pound Euro Forecasts
GBP/EUR Exchange Rate Outlook: Pound Flat Following BoE Inflation Concerns
28 Nov 2024 at 9 AM - Written by John Cameron
STORY LINK GBP/EUR Exchange Rate Outlook: Pound Flat Following BoE Inflation Concerns
The Pound to Euro (GBP/EUR) exchange rate traded within a tight range on Wednesday as investors reacted to comments by Bank of England (BoE) Deputy Governor Clare Lombardelli.
The Pound (GBP) remained steady on Wednesday, supported by comments from BoE policymaker Clare Lombardelli regarding inflation risks.
In an interview with...
CATEGORIES: Pound Euro Forecasts
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