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Pound Euro Forecast Directory - Page #107

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

Pound to Euro Exchange Rate: Recovery from 5-Month Lows

23 Oct 2023 at 12 PM - Written by James Fuller

STORY LINK Pound to Euro Exchange Rate: Recovery from 5-Month Lows

Pound Euro Closes in on 1.1500 After posting 5-month lows at 1.1440, the Pound to Euro exchange rate has rebounded to near 1.1500 Geo-political developments and Middle East tensions, together with the relative outlook for major economies, will be key elements during the week. MUFG commented; “If the geopolitical landscape...

CATEGORIES: Pound Euro Forecasts

Pound Euro Rate Forecast: Buy GBP Below 1.15 say Rabobank

22 Oct 2023 at 10 PM - Written by David Woodsmith

STORY LINK Pound Euro Rate Forecast: Buy GBP Below 1.15 say Rabobank

Currency analysts at Rabobank consider that Euro and Pound Sterling fundamentals are both vulnerable, but see a case for buying the Pound to Euro (GBP/EUR) exchange rate below 1.1500. At the time of writing, the Pound Euro rate was trading at 1.14815. Danske Bank, however, expects losses to 1.1365 on a 12-month view. Here are...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Sterling Slips to 5-Month Lows vs EUR

20 Oct 2023 at 12 PM - Written by John Cameron

STORY LINK Pound to Euro: Sterling Slips to 5-Month Lows vs EUR

The Pound Sterling (GBP) has been on the defensive against the Euro (EUR) and US Dollar (USD) during the past 24 hours with vulnerability on domestic and global grounds. Domestically, ING commented; “We saw some rather soft UK numbers this morning. Weak retail sales and a noticeable drop in consumer confidence, though both are among...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast: GBP/EUR at 1.1365 Next Year say Danske Bank

19 Oct 2023 at 11 AM - Written by John Cameron

STORY LINK Pound to Euro Forecast: GBP/EUR at 1.1365 Next Year say Danske Bank

Surge in US Bond Yields and Slide in Equities Squeeze Pound Weaker, GBP/EUR Exchange Rate Hits 3-Week Lows The Pound came under pressure on Wednesday with an important impact from the sell-off in US Treasuries and higher bond yields. Overall risk conditions were also weaker which undermined the UK currency, especially with sharp...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate: Close to Three-Week Low

18 Oct 2023 at 11 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate: Close to Three-Week Low

Pound to Euro (GBP/EUR) Exchange Rate Closes in on Three-Week Lows The Pound to Dollar (GBP/USD) exchange rate found support near 1.2130 on Tuesday and rallied to above 1.2200 as the dollar retreated. Reaction to the slightly higher-than-expected UK inflation data was muted with an initial blip higher reversing quickly and GBP/USD...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Slides vs Euro, Dollar as Wages Data Reinforces Peak Bank Rates

17 Oct 2023 at 12 PM - Written by James Fuller

STORY LINK Pound Sterling Slides vs Euro, Dollar as Wages Data Reinforces Peak Bank Rates

Pound Sterling (GBP) was able to make headway against the Euro (EUR) and Dollar (USD) on Monday with significant support from gains in UK and global equities. With a slightly softer US currency, the Pound to Dollar (GBP/USD) exchange rate secured net gains to around 1.2215. The latest data on UK wages was slightly weaker than expected...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

Pound to Euro Rate Outlook: "High for longer BoE could help GBP vs EUR" say BofA

15 Oct 2023 at 4 PM - Written by James Fuller

STORY LINK Pound to Euro Rate Outlook: "High for longer BoE could help GBP vs EUR" say BofA

GBP/EUR Exchange Rate: Watching energy prices closely Bank of America maintains a mildly bullish stance on the Pound over the medium term; "We remain of the view the BoE won't help sterling much near term, but a 'high for longer' BoE could help sterling versus euro later - we see EUR/GBP at 85 pence through our forecast horizon. (1.1765...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast: Scope to Rise to 1.1765 say ANZ

12 Oct 2023 at 12 PM - Written by John Cameron

STORY LINK Pound to Euro Forecast: Scope to Rise to 1.1765 say ANZ

Foreign exchange strategists at ANZ maintain a positive stance on the Pound to Euro (GBP/EUR) exchange rate, primarily due to expectations that the Euro-Zone will underperform the UK with heightened recession risks. It sees scope for GBP/EUR to strengthen to 1.1765. In contrast, MUFG expects that GBP/EUR will weaken to 1.1235 on a...

CATEGORIES: Pound Euro Forecasts Pound Sterling Forecasts

Pound Euro Exchange Rate News: GBP/EUR Wavers on Hawkish ECB rate Hike

15 Jun 2023 at 4 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Wavers on Hawkish ECB rate Hike

Euro (EUR) Buoyed by Prospect of Further Tightening The Euro (EUR) enjoyed modest gains on Thursday in the wake of the European Central Bank (ECB) opting to meet market expectations and raise the interest rate for the eighth consecutive meeting. The cash rate now sits at 4%, the highest level since the financial crisis of 2008. Despite...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Narrows amid Mixed UK GDP Analysis

14 Jun 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Narrows amid Mixed UK GDP Analysis

Pound Euro (GBP/EUR) Exchange Rate Narrows amid Mixed UK GDP Analysis The Pound Euro (GBP/EUR) exchange rate traded within narrow boundaries during Wednesday’s session, following the latest UK GDP data. At the time of writing, GBP/EUR traded at around €1.170, showing little deviation from Wednesday’s opening rates. Pound...

CATEGORIES: Pound Euro Forecasts

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