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Pound Euro Forecast Directory - Page #119

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

Pound Euro Exchange Rate News: GBP/EUR Softened amid Worsening Cost-of-Living Crisis in the UK

30 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Softened amid Worsening Cost-of-Living Crisis in the UK

Pound (GBP) Undermined by Mounting Recession Expectations The Pound (GBP) continued to fail to drum up support in the face of a looming recession. Economists at Goldman Sachs, having already forecasted an impending recession, have predicted that inflation in the UK could soar past 20% if rising energy prices fail to retreat. With...

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Pound Euro Exchange Rate Slumps as UK Energy Costs Soar

26 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Slumps as UK Energy Costs Soar

Pound Euro (GBP/EUR) Exchange Rate Drops amid Soaring Energy Costs The Pound Euro (GBP/EUR) exchange rate slipped on Friday. The prospect of soaring energy bills for UK households and businesses likely weighed on the currency pair. Additionally, a weaker US Dollar (USD) saw increased trade on the Euro (EUR) which may have contributed...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Remained Choppy amid Mounting Energy Crisis

25 Aug 2022 at 1 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Remained Choppy amid Mounting Energy Crisis

Pound (GBP) Undermined by Cost-of-Living Crisis The Pound (GBP) failed to find much demand on Thursday as a lack of major data releases left Sterling open to the myriad of domestic issues. With the energy bill cap set to soar beyond 80% in the autumn, increased calls for government intervention to provide fiscal support continues to...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Fluctuates on Mixed GBP Stimulus

24 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Fluctuates on Mixed GBP Stimulus

GBP/EUR Exchange Rate Climbs, Drops on UK Energy Concerns The Pound Euro (GBP/EUR) exchange rate rose initially this morning as bets for a 50bps interest rate hike from the Bank of England (BoE) supported the Pound (GBP) – subsequently, however, energy price headwinds sapped Sterling support. At the time of writing, GBP/EUR is...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Rises as Single Currency Succumbs to Pressure

23 Aug 2022 at 3 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Rises as Single Currency Succumbs to Pressure

GBP/EUR Exchange Rate Inches Higher as Euro Sentiment Weakens The Pound Euro (GBP/EUR) exchange rate is ticking up today, fuelled by weakness in the Euro (EUR) as opposed to Pound (GBP) strength. Both currencies are facing headwinds this afternoon as PMI data prints mixed and energy fears affect the UK and the Eurozone...

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Pound Euro Exchange Rate Slides Despite Uptick in UK Retail Sales

19 Aug 2022 at 2 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Slides Despite Uptick in UK Retail Sales

Pound Euro (GBP/EUR) Exchange Rate Slumps amid Poor UK Outlook The Pound Euro (GBP/EUR) exchange rate dropped on Thursday despite UK retail sales figures printing above forecasts. The gloomy long-term outlook for the UK economy likely weighed on the currency pair. It’s likely that markets may have pared back bets on more aggressive...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Ticks Up from Near-Weekly Low

18 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Ticks Up from Near-Weekly Low

GBP/EUR Exchange Rate Rises amid Post-Inflation EUR Slump The Pound Euro (GBP/EUR) exchange rate is climbing so far today despite headwinds in both the UK and the Euro area. Euro (EUR) investors appear to have interpreted finalised inflation data negatively, as today’s reading printed as expected at 8.9%. At the time of writing,...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate News: GBP/EUR Wavered on Mixed UK Employment Data

16 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate News: GBP/EUR Wavered on Mixed UK Employment Data

Pound (GBP) Fluctuated on Mixed Employment Data The Pound (GBP) strengthened modestly on positive unemployment data but soon wavered as the rest of the labour market overview printed to mixed results. Unemployment rate held steady at 3.8%, for the third consecutive month as expected. Slightly higher than the first three months of 2022...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Trends in Narrow Range on Energy Concerns

15 Aug 2022 at 12 PM - Written by John Cameron

STORY LINK Pound Euro (GBP/EUR) Exchange Rate Trends in Narrow Range on Energy Concerns

GBP/EUR Exchange Rate Wavers as Energy Concerns Prevail The Pound Euro (GBP/EUR) exchange rate is trading sideways today as both currencies face headwinds over rising energy costs. A lack of significant data also weighs upon trading sentiment, leaving the Pound (GBP) and the Euro (EUR) exposed to losses against their peers. At...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate Falls as UK Economy Contracts in June

12 Aug 2022 at 1 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Falls as UK Economy Contracts in June

Pound Euro (GBP/EUR) Exchange Rate Falls Despite Risk-On Mood The Pound Euro (GBP/EUR) exchange rate slumped on Friday amid poor data releases for the UK. Figures indicated a contraction in the UK economy in June as well as a large trade deficit. Above-forecast industrial production for the Eurozone likely also contributed to the...

CATEGORIES: Pound Euro Forecasts

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