Pound Euro forecast - GBP EUR

The Pound to Euro exchange rate posted 12-week highs just above 1.1690 in Asia on Monday before consolidating just above 1.1650. Market positioning and the shift in relative interest rate expectations has been a key element with the Pound drawing support from expectations of aggressive rate cuts next year. There has already been in...

Foreign exchange analysts at Rabobank see scope for the Pound to Euro exchange rate (GBP/EUR) to strengthen to 1.1765 on a 6-month view. In contrast, Bank of America does not expect GBP/EUR to strengthen further with a rate of 1.1495 in mid 2024 and 1.1365 at the end of next year. The Pound to Euro (GBP/EUR) exchange rate has posted...

The overall data flows and central bank interest rate expectations have continued to underpin the Pound against the Euro with Bank of England (BoE) having greater success than the ECB in pushing back against expectations of rate cuts next year. The Pound to Euro (GBP/EUR) exchange rate was unable to hold above 1.1600 on Thursday, but...

The Pound to Euro exchange rate strengthened to 7-week highs just above 1.1600 in early Europe on Thursday before a retreat to 1.1580 in choppy trading. Interest-rate expectations will remain a key driver for GBP/EUR in the short term and the Pound should maintain an underlying firm tone in the short term. The latest data has...

The Pound-to-Euro exchange rate (GBP/EUR) held a firm tone on Wednesday as the Bank of England (BoE) maintained hawkish rhetoric while weaker-than-expected inflation data from two Euro-Zone countries increased expectations of 2024 ECB rate cuts. In this environment, the British Pound advanced to 6-week highs against the Euro at 1.1570...

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...

The Pound to Euro exchange rate (GBP/EUR) has made headway on Monday and posted a 3-week high just above the 1.1540 level. Marke expectations surrounding potential Bank of England (BoE) rate cuts have been scaled back slightly in absolute terms and compared with the ECB which has underpinned the Pound. There is still an important...

Foreign exchange strategists at ING Bank expect the Pound to Euro exchange rate (GBPEUR) to make a decisive break above 1.1500 in the short term. As a reference, today's GBP/EUR is 1.15196. From a longer-term perspective, Unicredit expects a retreat to 1.1365 at the end of 2024 and further sharp losses to 1.0525 at the end of...

The pound-to-euro exchange rate (GBP/EUR) was able to make net headway on Thursday and settled just above the 1.1500 level on Friday. The relative outlook for Euro-Zone and UK economies will remain a key element with a particular focus on Germany. The overall data flow has indicated a slightly more positive UK position which will...

GBP/EUR Exchange Rate Posts 2-Week Highs as UK Services-Sector Returns to Growth Overall business confidence data from the Euro-Zone and UK were close to expectations, but a return to expansion territory for the UK services sector and on-going concerns over Euro-Zone recession combined to underpin the Pound. The Pound to Euro...