Pound Euro forecast page 3 - GBP EUR

The Pound to Euro exchange rate (GBP/EUR) briefly dipped to 10-day lows near 1.1660 on Friday before a tentative recovery and traded around 1.1685 on Monday. Two key events this week will be the UK budget on Wednesday and ECB policy meeting on Thursday. The shaping of the fiscal and monetary debate by the UK government and ECB will...

Foreign currency strategists at MUFG expect that the Pound to Euro exchange rate (GBP/EUR) volatility is too low and that the pair will weaken to 1.1495 at the end of 2024. Bank of America, however, expects net GBP/EUR gains to 1.1905 at the end of the year on improved UK fundamentals. There have been no major UK developments during...

The Pound to Euro exchange rate (GBP/EUR) has continued to consolidate below the 1.1700 level and traded close to 1.1685 in early Europe on Tuesday. The Pound has been underpinned by low volatility in global markets, but overall ranges have remained narrow. The Euro has also been protected by hopes for a revival in the Euro-Zone...

There are no major UK data releases this week with the focus likely to be on central bank talk and Euro-Zone inflation data. The Pound to Euro (GBP/EUR) exchange rate advanced to 1.1725 on Friday before fading to near 1.1700 and traded just below this level on Monday. 1.1765 remains a key resistance area. According to ING;...

Bank of America (BoA) analysts forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.1905 at the end of 2024. In contrast, after an initial firm tone, ING expects GBP/EUR to weaken to 1.1365 on a 12-month view. GBP/EUR dipped to 3-week lows below 1.1660 during the week before a recovery to 1.1715 on...

The Pound to Euro exchange rate (GBP/EUR) found support below 1.1670 on Thursday and rallied to the 1.1700 area. Overall risk conditions were broadly favourable which helped underpin Sterling and GBP/EUR traded just above 1.1700 on Friday. According to ING, GBP/EUR can secure limited net gains on interest rate expectations. It...

The Pound to Euro exchange rate (GBP/EUR) dipped to 4-week lows just below 1.1660 on Tuesday before a tentative recovery to 1.1680. Global central bank interest rate expectations will remain a crucial element for global currency markets with some Euro support as confidence in an April ECB rate cut faded. GBP/EUR can make headway if...

Bank of America (BoA) has significantly increased its Pound to Euro exchange rate (GBP/EUR) forecast for the end of 2024 to 1.1905 from 1.1365 and adjusted the end-2025 forecast to 1.1765 from 1.1625. BoA notes that Sterling's appreciation will be mainly concentrated in this year, driven by policy divergence, but expects the rate of...

The Pound to Euro (GBP/EUR) exchange rate found support close to 1.1675 on Friday and settled below the 1.1700 level. Narrow ranges prevailed on Monday with US markets closed with GBP/EUR creeping higher to just above the 1.1700 level. ING expects that overall currency moves will remain limited; “Volatility in FX markets derives...

Danske Bank analysts expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 on a 6-12 month view. In contrast, Credit Agricole expects that GBP/EUR will strengthen to 1.1905 at the end of 2024. GBP/EUR briefly touched 1.1765 during the week, but failed to break this key resistance level and retreated to below...