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Pound Euro Forecast Directory - Page #104

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

Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

20 Dec 2023 at 5 PM - Written by Tim Boyer

STORY LINK Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

The Pound (GBP) posted sharp losses after weaker-than-expected UK inflation data. Following the data, markets priced in more aggressive Bank of England interest rate cuts while bond yields declined. The Pound-to-Euro (GBP/EUR) exchange rate retreated to 3-week lows just below 1.1540 before settling around 1.1550. Lower yields will...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Euro-Zone Concerns to Support Sterling

17 Dec 2023 at 7 PM - Written by Tim Boyer

STORY LINK Pound to Euro Week Ahead Forecast: Euro-Zone Concerns to Support Sterling

Foreign exchange analysts at Danske Bank expect the Euro (EUR) to gradually grind higher against Pound Sterling (GBP). They expect the Pound to Euro (GBP/EUR) exchange rate to weaken to 1.1235 over 2024. In contrast, Rabobank now sees scope for GBP/EUR gains to 1.1900 on a 9-12-month view. A key issue will be whether tight...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Boosted After Rebound in UK Services Activity

17 Dec 2023 at 7 PM - Written by Frank Davies

STORY LINK Pound Sterling Boosted After Rebound in UK Services Activity

GBP/EUR Exchange Rate Strengthens as Rebound in UK Services Activity Boosts the Pound UK services-sector activity strengthened to a 6-month high for December while the Euro-Zone economy remained in contraction territory. The UK data gave some credibility to Bank of England hawkish rhetoric while doubts that the ECB stance is...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rebound Attempt Fails as BoE, ECB Both Reject talk of Rate Cuts

15 Dec 2023 at 12 PM - Written by James Fuller

STORY LINK Pound to Euro Rebound Attempt Fails as BoE, ECB Both Reject talk of Rate Cuts

The Bank of England (BoE) and ECB both met expectations on Thursday with no changes to interest rates and both pushed back against market expectations of lower interest rates anytime soon. Given the recent shift in pricing, there was scope for a significant adjustment in market rate expectations which boosted the Pound and Euro on...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Mid-Week Forecast: BoE and ECB Guidance in Focus

13 Dec 2023 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro Mid-Week Forecast: BoE and ECB Guidance in Focus

Weaker-than-expected UK GDP data on Wednesday triggered Pound losses with the Pound to Euro (GBP/EUR) exchange rate sliding to 10-day lows around 1.1610. The data will not have an impact on Thursday’s Bank of England decision, but there will be a stronger conviction of notable rate cuts in 2024. Money markets are currently pricing...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

12 Dec 2023 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Rate Today: Consolidation Ahead of UK Wages Data

The Pound Euro exchange rate was unable to make headway on Friday, but did find support below the 1.1650 level and consolidated around 1.1665 on Monday as relatively narrow ranges prevailed. GBP/EUR hit 3-month highs last week, but was unable to break above 1.1700 on three separate occasions which helped trigger a limited...

CATEGORIES: Daily Currency Updates Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: ECB and BoE Policies to Dominate

10 Dec 2023 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: ECB and BoE Policies to Dominate

Danske Bank currency specialists expect the Pound to Euro exchange rate to slide to 1.1050 in 2024. In contrast, Rabobank sees scope for limited net Pound Sterling gains against the Euro to 1.1765 on a six-month view. After jumping at the end of last week, GBP/EUR posted 3-month gains to just below 1.1700, but was unable to make...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Outlook: Pound to Euro Exchange Rate Posts 12-Week Best

4 Dec 2023 at 12 PM - Written by Frank Davies

STORY LINK GBP/EUR Outlook: Pound to Euro Exchange Rate Posts 12-Week Best

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...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: FX Bank Views Roundup

3 Dec 2023 at 7 PM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: FX Bank Views Roundup

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...

CATEGORIES: Pound Euro Forecasts

Pound Euro Rate Today: Sterling Jumps to 10-week Highs as ECB Rate Cuts Seen as Inevitable

3 Dec 2023 at 6 PM - Written by Frank Davies

STORY LINK Pound Euro Rate Today: Sterling Jumps to 10-week Highs as ECB Rate Cuts Seen as Inevitable

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...

CATEGORIES: Pound Euro Forecasts

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