Pound Euro forecast page 11 - GBP EUR

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...

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...

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...

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...

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...

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...

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...

Pound (GBP) Boosted by Persistently Tight Labour Market The Pound (GBP) found modest success against most of its rivals on Tuesday in the wake of strong labour market data. Against expectations of an uptick in unemployment, and modest wage growth, the data surprised to the upside and pointed to a hotter-than-expected labour market. With...

Pound Euro (GBP/EUR) Exchange Rate Dips despite Elevated BoE Rate Hike Bets The Pound Euro (GBP/EUR) exchange rate weakened on Monday, despite GBP investors upping their bets on further rate hikes from the Bank of England (BoE). At the time of writing, GBP/EUR traded at around €1.1679, a fall of just over 0.2% from Monday’s...

Pound Euro (GBP/EUR) Exchange Rate Rangebound amid EU Recession Confirmation The Pound Euro (GBP/EUR) exchange rate traded within narrow boundaries on Thursday, as a downward EU GDP revision pointed to a recession in the bloc. At the time of writing, GBP/EUR traded at around €1.1618, showing little movement from Thursday’s opening...