Pound Euro forecast - GBP EUR

The Pound Euro (GBP/EUR) exchange rate edged higher on Tuesday following the publication of the UK’s latest employment data alongside Germany’s finalised inflation reading. The Pound (GBP) drifted higher against most major currencies on Tuesday following the release of the UK's latest labor market data. The unemployment rate...

There was choppy Pound trading after the latest UK jobs data, but the Pound to Euro (GBP/EUR) exchange rate settled with a small gain to 1.1855. ING expects strong GBP/EUR resistance close to 1.19. There are very strong expectations that the Bank of England (BoE) and ECB will cut interest rates again before the end of this...

The Pound Euro (GBP/EUR) exchange rate moved without a clear direction on Monday despite a prevailing risk-off market mood. At the time of writing GBP/EUR was trading at €1.1841, virtually unchanged from Monday’s opening rate. The Pound (GBP) experienced a slight decline on Monday amidst a globally cautious trading atmosphere....

MUFG expects the Pound to Euro (GBP/EUR) exchange rate to edged lower to 1.17 by the second quarter of 2025. In contrast, Barclays expects resistance levels will eventually break with the potential for GBP/EUR to strengthen to 1.21 over the medium term. GBP/EUR was held in relatively tight ranges during the week, but drifted lower...

The Pound Euro (GBP/EUR) exchange rate faced fluctuations on Thursday, despite positive economic releases from the Eurozone. At the time of writing, GBP/EUR was trading at €1.1859, virtually unchanged from the session's opening levels. The Pound (GBP) struggled to attract investor interest on Thursday, with a sparse UK economic...

The Pound Euro (GBP/EUR) exchange rate experienced minimal movement on Wednesday following the release of the UK’s and Eurozone’s finalised services PMIs. At the time of writing, the GBP/USD was trading at around $1.3134, virtually unchanged from Tuesday’s opening levels. The Pound managed to maintain its position against most...

The Pound Euro (GBP/EUR) remained mostly unchanged on Tuesday after the release of the latest retail sales monitor by the British Retail Consortium. At the time of writing, the GBP/USD was trading at around $1.3134, virtually unchanged from Tuesday’s opening levels. Pound (GBP) Supported by Data Release The Pound (GBP) firmed...

The Pound Euro (GBP/EUR) exchange rate fell Monday despite news of improving manufacturing activity in the UK. At the time of writing, GBP/EUR was trading at €1.1867, down approximately 0.2% from Monday’s opening rate. The Pound (GBP) struggled to climb higher on Monday despite the publication of an upbeat British manufacturing...

Economic and Political Woes Sap Euro Support, GBP/EUR Buying on Dips The Pound to Euro (GBP/EUR) exchange rate has corrected from 5-week highs just above 1.19 posted last week, but the correction remains limited with the pair trading around 1.1870 and seeing solid buying on dips. The pair will need to break the 1.1910 area to...

There has been significant divergence in currency markets on Thursday with significant gains for the Australian and New Zealand dollars while the Euro has come under pressure following the release of weaker-than-expected inflation data. To some extent the Pound has been caught in the middle, along with the dollar, but the Pound to Euro...