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Pound Euro Forecast Directory - Page #102

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

Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?

28 Jan 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate 2024 Forecast Ranges: 1.1480 or 1.19?

Foreign exchange strategists at HSBC expect the Pound to Euro exchange rate to weaken to 1.1480. In contrast, Nordea expects GBP/EUR to strengthen to 1.19 at the end of 2024. GBP/EUR secured a significant net gain for the week with 5-month highs at 1.1735 before consolidation around 1.1715. The overall data flows bolstered...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England

27 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Week Ahead Forecast: Focus Turns to Bank of England

The Pound to Euro exchange rate spiked higher after Thursday’s ECB policy meeting with a 5-month high of 1.1730 and held above 1.1700 on Friday to trade around 1.1715. Expectations of a more dovish ECB policy sapped Euro support with the focus now moving to the Bank of England. According to ING, EUR/GBP is closing in on major...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Hovers Around 1.172 - GBP/EUR News

26 Jan 2024 at 1 PM - Written by Tim Boyer

STORY LINK Pound to Euro Rate Hovers Around 1.172 - GBP/EUR News

The Pound to Euro exchange rate briefly moved above the 1.1700 level after the stronger-than-expected business confidence data on Wednesday, but failed to sustain the gains and settled just above 1.1690. GBP/EUR will have scope for gains if the ECB forward guidance is less hawkish than expected later in the day. Otherwise, resistance...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast: "Sterling Longs Best Played vs Cyclically Weak Currencies"

25 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Forecast: "Sterling Longs Best Played vs Cyclically Weak Currencies"

Boost to Pound Sentiment as PMI Data Again Beats the Euro Area, GBP/EUR Exchange Rate Hits 4-Month Highs The latest business confidence data has reinforced market expectations that the UK economy will out-perform the Euro-Zone over the next few months at least. After trading in a 1.1680-1.1700 band during Tuesday, the Pound to Euro...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate: EUR Buyers See 6-Week Best Rates

24 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK Pound to Euro Exchange Rate: EUR Buyers See 6-Week Best Rates

The combination of stronger-than-expected UK government borrowing data and benign risk conditions have underpinned the Pound in global markets. The Pound to Euro exchange rate posted a marginal 6-week high at 1.1690 as markets priced in larger tax cuts ahead of the March budget. GBP/EUR, however, was unable to make a decisive break...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Today: "Limited Scope" for GBP/EUR Gains

22 Jan 2024 at 2 PM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Today: "Limited Scope" for GBP/EUR Gains

The Pound to Euro (GBP/EUR) exchange rate was unable to hold 1-month highs near 1.1690 last week and retreated to 1.1660 on Monday, although relatively narrow ranges prevailed. Any further recovery in equities would support both the Pound and Euro. The timing of potential interest rate cuts by the Bank of England (BoE) and ECB will...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Tipped to Slip to 1.11 in Next Twelve Months

21 Jan 2024 at 5 PM - Written by Ben Hughes

STORY LINK Pound to Euro Rate Tipped to Slip to 1.11 in Next Twelve Months

GBP/EUR: Second Thoughts on BoE Policy SocGen expects that the Pound to Euro (GBP/EUR) exchange rate will weaken to near 1.11 on a 12-month view. Rabobank, however, expects Euro-Zone economic vulnerability will be crucial with GBP/EUR strengthening to 1.19 over the second half of 2024. GBP/EUR secured a net gain during the week...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast: "Potential for EUR to slip vs. GBP" say Rabobank

18 Jan 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Forecast: "Potential for EUR to slip vs. GBP" say Rabobank

Bank of England Rate-Cut Expectations Scaled Back, GBP/EUR Exchange Rate Strengthens to 5-Week High The Pound has maintained a firm tone during the past 24 hours with markets continuing to react to the latest inflation data. The Pound to Euro (GBP/EUR) exchange rate strengthened to 5-week highs just above 1.1670 before settling...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Held Below 1.1650 Ahead of Key UK Releases

16 Jan 2024 at 8 AM - Written by Frank Davies

STORY LINK Pound to Euro Rate Held Below 1.1650 Ahead of Key UK Releases

The Pound to Euro exchange rate hit resistance close to 1.1650 on Friday and retreated to just below 1.1630 in Europe on Monday. Equities were unable to make headway after the European open with market fretting over the risk of further tensions in the Red Sea which also hampered risk conditions. UK economic data will be very important...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Holds Above 1.1600 Despite UK GBP Data

14 Jan 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Holds Above 1.1600 Despite UK GBP Data

The Pound to Euro (GBP/EUR) exchange rate found support just above 1.1600 on Thursday and consolidated around 1.1630 on Friday. The latest UK data has not changed the narrative for the overall outlook with the economy flirting with recession for the second half of 2023. There are, however, expectations that the economy will perform...

CATEGORIES: Pound Euro Forecasts

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