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Pound Euro forecast page 49 - GBP EUR

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

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Pound Euro (GBP/EUR) Exchange Rate Hobbled by Pullback in BoE Bets

15 May 2023 at 12 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Climbs amid Upbeat Market Mood The Pound Euro (GBP/EUR) exchange rate made moderate gains on Monday. A risk-on mood pushed the pairing higher. GBP/EUR saw its gains hindered by bets on additional rate hikes from the European Central Bank (ECB). Additionally, dovish expectations for future action...

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Pound Euro Exchange Rate News: GBP/EUR Climbed as BoE Hikes Rates to Highest Level Since 2008

11 May 2023 at 4 PM - Written by John Cameron

Pound (GBP) Rallied as BoE Hikes Cash Rate to Highest Level since 2008 The Pound (GBP) firmed on Thursday as the Bank of England (BoE) continued their battle against inflation as they raised the interest rate to its highest level in 15 years. The central bank met expectations and raised the interest rate for the 12th consecutive time,...

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Pound Euro Exchange Rate News: GBP/EUR Strengthened as ECB Increased Interest Rates by 25bps

4 May 2023 at 3 PM - Written by John Cameron

Euro (EUR) Weakens as ECB Refuses to Commit to Further Hikes The Euro (EUR) softened in the wake of the European Central Bank’s (ECB) interest rate decision. The central bank expectedly increased the interest rate by 25bps, marking the seventh consecutive hike, bringing the cash rate to 3.75%. With inflation climbing to 7% in April,...

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Pound Euro (GBP/EUR) Exchange Rate Climbs as German Growth Stagnates

28 Apr 2023 at 12 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Pushed Higher as Eurozone Growth Struggles The Pound Euro (GBP/EUR) exchange rate firmed on Friday. The pairing was buoyed by signs of a slowdown in growth in both Germany and the Eurozone. Upbeat UK business confidence figures and Bank of England (BoE) rate hike bets also pushed GBP/EUR...

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Pound Euro (GBP/EUR) Exchange Rate Edges Higher as Euro Succumbs to USD Strengthen

27 Apr 2023 at 3 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Edges Higher as Euro Succumbs to USD Strengthen The Pound Euro (GBP/EUR) exchange rate firmed during Thursday’s trade, as the Euro was undercut by its negative correlation to the US Dollar. At the time of writing, GBP/EUR traded at around €1.1314, an increase of around 0.2% from Thursday’s...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Rangebound after Buoyant UK Retail Sales Figures

26 Apr 2023 at 5 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Supported by BoE Rate Hike Bets The Pound Euro (GBP/EUR) exchange rate traded sideways on Wednesday amid a risk-off mood. The pairing saw its gains capped by hawkish signals from European Central Bank (ECB) officials. On the other hand, above-forecast UK retail sales data and Bank of England (BoE)...

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Pound Euro (GBP/EUR) Exchange Rate Falls amid Souring Market Mood

25 Apr 2023 at 2 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Falls amid Souring Market Mood The Pound Euro (GBP/EUR) exchange rate weakened during Tuesday’s European session, as a risk averse market mood elevated the Euro above Sterling. However, due to strength in the US Dollar, the single currency was unable to gain ground against most other peers. At...

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Pound Euro (GBP/EUR) Exchange Rate Rangebound after ECB Comments

24 Apr 2023 at 12 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Trades Narrowly amid Risk-Off Mood The Pound Euro (GBP/EUR) exchange rate trended sideways on Monday. Comments from European Central Bank (ECB) officials weighed on the pairing as markets increased their expectations of further policy tightening. The exchange rate also came under pressure from a...

CATEGORIES: Pound Euro Forecasts

Pound Euro (GBP/EUR) Exchange Rate Falls amid Sharp Retail Sales Drop

21 Apr 2023 at 2 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Falls amid Sharp Retail Sales Drop The Pound Euro (GBP/EUR) exchange rate weakened on Friday, as a sharp drop in UK retail sales weighed on GBP investors. At the time of writing, GBP/EUR traded at around €1.1304, a decline of roughly 0.4% from Friday’s opening rates. Pound (GBP) Mixed amid...

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Pound Euro (GBP/EUR) Exchange Rate Boosted by UK Inflation Figures

19 Apr 2023 at 12 PM - Written by John Cameron

Pound Euro (GBP/EUR) Exchange Rate Climbs after UK Inflation Data The Pound Euro (GBP/EUR) exchange rate was lifted on Wednesday by better-than-expected UK inflation figures. The pairing was pushed higher by an intensification in bets on a 25bps interest rate hike from the Bank of England (BoE) at their May meeting. On the other...

CATEGORIES: Pound Euro Forecasts