Pound Euro forecast page 16 - GBP EUR

Pound Euro (GBP/EUR) Exchange Rate Narrows amid Upbeat EUR Forecast The Pound Euro (GBP/EUR) exchange rate narrowed on Monday, as upbeat Eurozone economic forecasts lifted the common currency. At the time of writing, GBP/EUR traded around €1.277, showing little movement from Monday’s morning rates, but began to edge downward. ...

Pound Euro (GBP/EUR) Exchange Rate Rises Despite Above-Forecast UK GDP Contraction The Pound Euro (GBP/EUR) exchange rate climbed on Friday. Better-than-expected growth data for the UK bolstered the pairing. Figures indicated that the UK avoided a technical recession in 2022. On the other hand, an above-forecast contraction in the...

Pound Euro (GBP/EUR) Exchange Rate Edges Lower amid Pullback in BoE Bets The Pound Euro (GBP/EUR) exchange rate ticked lower on Tuesday. The pairing was pulled lower by bets on a more dovish forward path from the Bank of England (BoE). The exchange rate saw its losses limited by poor German industrial data, however. Cautious...

Pound Euro (GBP/EUR) Exchange Rate Firms amid Hawkish Speech from BoE Mann The Pound Euro (GBP/EUR) exchange rate firmed on Monday morning, following a hawkish speech from Bank of England (BoE) Policymaker Catherine Mann. Mann stated that further rate hikes were likely, lending support to GBP. At the time of writing, GBP/EUR traded at...

Pound (GBP) Soured as BoE Continues its Battle with Inflation The Pound (GBP) plummeted on Thursday in the wake of the Bank of England (BoE) interest rate decision. Despite the expected increase by 50bps, the dire state of the UK economy limited gains from a continued aggressive rate hike cycle. A weak economy, combined with sky-high...

Pound (GBP) Undermined by Another Downbeat Economic Forecast The Pound (GBP) is struggling to catch a break this week, or this year, as Tuesday saw another pessimistic forecast weigh heavily. The International Monetary Fund (IMF) expressed concerns that the UK will be the only G7 economy to shrink in 2023. Another downgraded prediction...

Pound Euro (GBP/EUR) Exchange Rate Falls as UK Economic Outlook Remains Dour The Pound Euro (GBP/EUR) exchange rate weakened on Friday morning, as the UK’s economic outlook remained bleak amid thin trading conditions. At the time of writing, GBP/EUR traded at around €1.1368, showing a decline of roughly 0.2% from Friday’s...

Pound Euro (GBP/EUR) Exchange Rate Narrows amid Thin Trading Conditions The Pound Euro (GBP/EUR) exchange rate narrowed on Thursday morning, as thin trading conditions kept investors focused on headlines surrounding the UK and Eurozone. At the time of writing, GBP/EUR traded at around €1.1373, showing minimal change from Thursday...

Pound Euro (GBP/EUR) Exchange Rate Narrows as UK Growth Outlook May Lower The Pound Euro (GBP/EUR) exchange rate narrowed on Wednesday, as rumours swirled that the UK’s growth outlook could be cut down. At the time of writing, GBP/EUR traded at around €1.1329, showing little deviation from Wednesday’s opening rates. Pound...

Pound Euro (GBP/EUR) Exchange Rate Drops as UK Private Sector Struggles The Pound Euro (GBP/EUR) exchange rate slipped on Tuesday. The pairing came under pressure from disappointing data releases for the UK’s private sectors. Additionally, a return to growth for the Eurozone’s services sector added to GBP/EUR’s downturn. At...