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Pound Euro forecast page 53 - GBP EUR

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

LIVE EXCHANGE RATE 10:33:12 Pound Euro Rate »
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Pound to Euro Week Ahead Forecast: 1.1630-1.2050 Range in Next Three Months

26 Aug 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Euro Week Ahead Forecast: 1.1630-1.2050 Range in Next Three Months

Danske Bank expects that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.2050 on a 3-month view before fading. In contrast, ING expects that GBP/EUR will retreat to 1.1630 on a near-term view. The Pound and Euro both made gains during the week as the dollar posted notable losses, but the Pound was the clear...

CATEGORIES: Pound Euro Forecasts

Pound Euro Exchange Rate Hits 20-Day Best on UK Goldilocks Hopes

23 Aug 2024 at 12 PM - Written by John Cameron

STORY LINK Pound Euro Exchange Rate Hits 20-Day Best on UK Goldilocks Hopes

The latest UK business confidence data triggered fresh hopes of a goldilocks economy with solid growth and moderating inflation pressures. Anoth weak set of German data undermined the Euro, although the overall Euro-Zone data was more positive. The Pound to Euro (GBP/EUR) exchange rate hit 20-day highs close to 1.1770 after the...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: For GBPEUR It’s all about Confidence

18 Aug 2024 at 4 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: For GBPEUR It’s all about Confidence

ING still forecasts that the Pound to Euro (GBP/EUR) exchange rate will weaken to 1.1365 on a 12-month view. In contrast, Credit Agricole expects a firm Pound tone with GBP/EUR advancing to 1.1900 at the end of 2024. GBP/EUR lost ground in midweek after the UK inflation data before recovering ground to make a net gain to 10-day...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Recovers to 1-Week Best

13 Aug 2024 at 11 AM - Written by John Cameron

STORY LINK GBP/EUR Exchange Rate Recovers to 1-Week Best

The Pound to Euro (GBP/EUR) exchange rate has continued to recover from 3-month lows below 1.1600 and traded near 1.1690 on Monday. The latest COT data, released by the CFTC, recorded a further sharp decline in long, non-commercial Pound positions to below 75,000 contracts from 111,000 the previous week and close to a 50% decline from...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: GBP/EUR Risk Conditions Dominate

11 Aug 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: GBP/EUR Risk Conditions Dominate

RBC Capital Markets (RBC) is wary over buying the Pound to Euro (GBP/EUR) exchange rate in the short term due to risk stresses and, although medium-term forecasts have been revised higher, the bank still expects a decline to 1.1240 at the end of 2025. Standard Chartered is notably more positive on the Pound and recommends buying...

CATEGORIES: Pound Euro Forecasts

Risk Conditions Continue to Dominate, Pound to Euro Rate Rallies

11 Aug 2024 at 7 PM - Written by David Woodsmith

STORY LINK Risk Conditions Continue to Dominate, Pound to Euro Rate Rallies

Global risk conditions and equity markets continue to dominate global markets. In essence, the Pound will tend to strengthen when conditions improve while there will be renewed selling when fear dominates. Domestic influences remained limited at this stage. Sentiment has improved on Wednesday with a pause in the liquidation of carry...

CATEGORIES: Pound Euro Forecasts

Slump in Risk Appetite Hurts Pound to Euro Exchange Rate

7 Aug 2024 at 8 AM - Written by John Cameron

STORY LINK Slump in Risk Appetite Hurts Pound to Euro Exchange Rate

A slump in global risk appetite has hurt the Pound in global markets with aggressive covering of short yen positions. The Pound had benefitted from carry trades with global investors selling the yen to fund long positions in high-yield instruments including the Pound. This process has now slammed into reverse with GBP/JPY, for...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Slide in Risk Appetite Hurts

4 Aug 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Slide in Risk Appetite Hurts

Rabobank expects the Pound to Euro (GBP/EUR) exchange rate to strengthen to 1.2050 on a 6-month view. ING, however, still expects that GBP/EUR will trade below 1.1765 over the medium term. GBP/EUR lost ground during the week with a slide to 2-month lows at 1.1725. The slump in global risk conditions was a key element undermining...

CATEGORIES: Pound Euro Forecasts

Pound to Euro News, Forecast: Crucial GBP/EUR Support 1.1765

1 Aug 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro News, Forecast: Crucial GBP/EUR Support 1.1765

The British Pound edged lower on Wednesday ahead of the latest Bank of England (BoE) policy decision with the latest inflation data also underpinning the Euro. The Pound to Euro (GBP/EUR) exchange rate retreated to just below 1.1840, but holding above 2-week lows around 1.1820. A majority of investment banks expect the BoE to cut...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Forecast: 1.2050 on a 6-Month View

28 Jul 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Forecast: 1.2050 on a 6-Month View

Rabobank expects that the Pound to Euro (GBP/EUR) exchange rate will make net gains to 1.2050 on a 6-month view. According to the bank; “We have been calling for the pound to continue its slow grinding recovery for some time.” ING expects near-term Pound losses; “we expect a broad-based GBP weakening next week when the Bank of...

CATEGORIES: Pound Euro Forecasts

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