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Pound Euro Forecast Directory - Page #100

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

Pound to Euro Exchange Rate Under 1.17 on Hints of Euro-Zone Recovery

27 Feb 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Under 1.17 on Hints of Euro-Zone Recovery

The Pound to Euro exchange rate (GBP/EUR) has continued to consolidate below the 1.1700 level and traded close to 1.1685 in early Europe on Tuesday. The Pound has been underpinned by low volatility in global markets, but overall ranges have remained narrow. The Euro has also been protected by hopes for a revival in the Euro-Zone...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

26 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Pound Sterling Drifts Lower Against Euro, EU Inflation Crucial This Week

There are no major UK data releases this week with the focus likely to be on central bank talk and Euro-Zone inflation data. The Pound to Euro (GBP/EUR) exchange rate advanced to 1.1725 on Friday before fading to near 1.1700 and traded just below this level on Monday. 1.1765 remains a key resistance area. According to ING;...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

25 Feb 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

Bank of America (BoA) analysts forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.1905 at the end of 2024. In contrast, after an initial firm tone, ING expects GBP/EUR to weaken to 1.1365 on a 12-month view. GBP/EUR dipped to 3-week lows below 1.1660 during the week before a recovery to 1.1715 on...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

24 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

The Pound to Euro exchange rate (GBP/EUR) found support below 1.1670 on Thursday and rallied to the 1.1700 area. Overall risk conditions were broadly favourable which helped underpin Sterling and GBP/EUR traded just above 1.1700 on Friday. According to ING, GBP/EUR can secure limited net gains on interest rate expectations. It...

CATEGORIES: Pound Euro Forecasts

Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

22 Feb 2024 at 6 AM - Written by John Cameron

STORY LINK Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

The Pound to Euro exchange rate (GBP/EUR) dipped to 4-week lows just below 1.1660 on Tuesday before a tentative recovery to 1.1680. Global central bank interest rate expectations will remain a crucial element for global currency markets with some Euro support as confidence in an April ECB rate cut faded. GBP/EUR can make headway if...

CATEGORIES: Pound Euro Forecasts

Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

20 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

Bank of America (BoA) has significantly increased its Pound to Euro exchange rate (GBP/EUR) forecast for the end of 2024 to 1.1905 from 1.1365 and adjusted the end-2025 forecast to 1.1765 from 1.1625. BoA notes that Sterling's appreciation will be mainly concentrated in this year, driven by policy divergence, but expects the rate of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

19 Feb 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

The Pound to Euro (GBP/EUR) exchange rate found support close to 1.1675 on Friday and settled below the 1.1700 level. Narrow ranges prevailed on Monday with US markets closed with GBP/EUR creeping higher to just above the 1.1700 level. ING expects that overall currency moves will remain limited; “Volatility in FX markets derives...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year

18 Feb 2024 at 9 AM - Written by Tim Boyer

STORY LINK Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year

Danske Bank analysts expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 on a 6-12 month view. In contrast, Credit Agricole expects that GBP/EUR will strengthen to 1.1905 at the end of 2024. GBP/EUR briefly touched 1.1765 during the week, but failed to break this key resistance level and retreated to below...

CATEGORIES: Pound Euro Forecasts

Pound Euro Dips as UK Recession Confirmed, Sterling Below 1.17

15 Feb 2024 at 5 PM - Written by John Cameron

STORY LINK Pound Euro Dips as UK Recession Confirmed, Sterling Below 1.17

UK data on Thursday confirmed that the UK dipped into technical recession for the second half of 2023. The Pound registered limited net losses with the Pound to Euro (GBP/EUR) exchange rate retreating to 1-week lows at 1.1690 before trading just below 1.1700. According to MUFG; “It looks like light EUR/GBP shorts had been built up...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

14 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

The Pound to Euro (GBP/EUR) exchange rate retreated sharply from 5-month highs of 1.1760 after the latest UK inflation data and retreated further to near 1.1700 after Bank of England Governor Bailey stated that downward pressure on inflation is quite broad-based. Markets are pricing in a 50% chance of a June rate cut with immediate...

CATEGORIES: Pound Euro Forecasts

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