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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 08:24:40 Pound Euro Rate »
GBP/EUR -0 Days Low Days High Last Daily
1.13484 ▼ -0.05% 1.13432 1.13569 1.13537

Pound to Euro Week Ahead Forecast: 1.1365 in Next 6-12 Months

2 Jun 2024 at 5 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: 1.1365 in Next 6-12 Months

Foreign exchange analysts at Morgan Stanley expect the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.2200 by the end of 2025. Danske Bank still expects a retreat to 1.1365 on a 6–12-month view. There are very strong expectations that the ECB will cut interest rates at this week’s policy meeting, and this is fully...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Consolidates Below Key Resistance

27 May 2024 at 3 PM - Written by John Cameron

STORY LINK GBP/EUR Exchange Rate Consolidates Below Key Resistance

Pound Supported by Disappointing German Data, GBP/EUR Consolidates Below Key Resistance The Pound to Euro exchange rate (GBP/EUR) held firm on Monday and traded around 1.1745. Trading volumes were inevitably low with UK markets on holiday while US markets will also be closed on Monday. The Euro was hampered by...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: June BoE Rate Cut under Threat

26 May 2024 at 2 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: June BoE Rate Cut under Threat

Foreign exchange analysts at Credit Agricole expect the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.19 at the end of 2024. ING in contrast is still backing a retreat to 1.1365. GBP/EUR jumped to 3-month highs and tested key resistance at 1.1765 after the UK inflation data as markets priced out a June rate cut. It...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Retreats from Key Resistance Level

24 May 2024 at 7 AM - Written by John Cameron

STORY LINK GBP/EUR Exchange Rate Retreats from Key Resistance Level

The Pound to Euro exchange rate (GBP/EUR) came close to touching the key 1.1765 level in early Europe on Thursday before a limited retreat to just below 1.1740 after a mixed round of UK business confidence data and further evidence of a Euro-Zone rebound. The 1.1765 area remains a key resistance area. Late on Tuesday, Prime Minister...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rockets to 2-Month Best as Snap UK General Election Called

23 May 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Euro Rockets to 2-Month Best as Snap UK General Election Called

Although the UK inflation rate declined sharply for April with the lowest headline reading for close to three years, the decline was smaller than expected and services-sector inflation remains notably stubborn. Markets considered that the chances of a June rate cut had dipped to below 20% from 50% ahead of the data. The chances of an...

CATEGORIES: Pound Euro Forecasts

Pound Sterling: Positive Global Sentiment Underpins Currency, GBP/EUR Hits May Highs

22 May 2024 at 7 AM - Written by John Cameron

STORY LINK Pound Sterling: Positive Global Sentiment Underpins Currency, GBP/EUR Hits May Highs

The Pound has made headway during Tuesday despite nerves ahead of the latest UK inflation data. HSBC commented; "Since the last Monetary Policy Committee (MPC) meeting, it has been well understood that the June rate cut scenario depends on this week's CPI and the next one due June 19." Expectations of ECB and Bank of Canada June...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Hits 10-Day Best Exchange Rate Pricing

21 May 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Hits 10-Day Best Exchange Rate Pricing

Pound Sterling (GBP) held firm against the Euro (EUR) on Friday with positioning ahead of a major week of UK data next week a key element in currency markets. The Pound to Euro exchange rate (GBP/EUR) posted net gains on Friday with a 10-day high to just above the 1.1670 level. The Pound to Dollar exchange rate (GBP/USD) also found...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Nears 2-Week Best Ahead of Crucial UK Inflation

20 May 2024 at 5 PM - Written by John Cameron

STORY LINK GBP/EUR Exchange Rate Nears 2-Week Best Ahead of Crucial UK Inflation

The Pound to Euro (GBP/EUR) exchange rate strengthened to 2-week highs at 1.1690 on Friday before settling just below 1.1680 on Monday. The latest UK inflation data will be crucial for the Pound this week and the latest PMI business confidence data will also be a key element. Rightmove data recorded an increase in UK house prices of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: "Risks Skewed to Downside" say Analysts

19 May 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: "Risks Skewed to Downside" say Analysts

Foreign exchange (FX) analysts at ING and Danske Bank expect the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024. Nordea expects GBP/EUR will strengthen to 1.1765 on a 3-month view before a retreat to 1.1630 at the end of 2024. The interest rate debate remained a key element and inflation data in the...

CATEGORIES: Pound Euro Forecasts

Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

14 May 2024 at 3 PM - Written by David Woodsmith

STORY LINK Pound Sterling Slides Against Euro and Dollar as June BoE Rate Cut 50-50 Call

The latest UK data continued to suggest that the labour market is weakening, but wages growth remains a concern. The timing of a Bank of England (BoE) rate cut remains a key influence and the data mix suggests that June remains a very close call. The Pound initially edged higher after the wages data, but then retreated sharply as...

CATEGORIES: Pound Dollar Forecasts Pound Euro Forecasts

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