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Pound Euro forecast page 56 - GBP EUR

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

LIVE EXCHANGE RATE 06:10:17 Pound Euro Rate »
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1.13462 ▲ +0.02% 1.13364 1.13487 1.13435

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

Pound to Euro Week Ahead Forecast: Closer to a Rate Cut

12 May 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Closer to a Rate Cut

Foreign exchange analysts at ING and MUFG expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1495 by mid-year as the Bank of England (BoE) cuts interest rates. According to ING; “we think sterling is on the verge of independent weakness. At some point over the next couple of months, we think the Bank of England...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate Consolidates Above 1-Week Lows Ahead of BoE

7 May 2024 at 5 PM - Written by David Woodsmith

STORY LINK Pound to Euro Rate Consolidates Above 1-Week Lows Ahead of BoE

The Pound to Euro exchange rate (GBP/EUR) dipped to 1-week lows just below 1.1650 on Friday before a tentative recovery to 1.1665. Growth prospects and monetary policies will remain key elements in the short term with market positioning ahead of this Thursday’s Bank of England (BoE) policy meeting also important. MUFG expects a...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.1560 - 1.19 Ranges by End-2024

6 May 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: 1.1560 - 1.19 Ranges by End-2024

Foreign exchange analysts at MUFG expect limited Pound to Euro exchange rate (GBP/EUR) losses to 1.1560 at the end of 2024. Credit Agricole, however, expects that GBP/EUR will advance to 1.1900 at the end of the year. Dollar developments tended to dominate during the week, but the Pound lost ground ahead of the Bank of England (BoE)...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Forecast For Week Ahead: Where Next for GBP/EUR?

28 Apr 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Forecast For Week Ahead: Where Next for GBP/EUR?

ING forecasts the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024 as the Bank of England cuts interest rates more aggressively over the second half of 2024. Credit Agricole expects Euro-Zone manufacturing weakness will be crucial in hurting the Euro and GBP/EUR will strengthen to 1.19. GBP/EUR hit...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Back Above 1.1625, Short-Term Stabilisation Ahead

24 Apr 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Euro: Back Above 1.1625, Short-Term Stabilisation Ahead

The British Pound Sterling recovered ground on Tuesday following firm data for the services sector while comments from Bank of England (BoE) chief economist Pill were more hawkish than expected. The Pound had come under strong pressure after markets sensed momentum towards an early cut in interest rates, but comments from Pill...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.1240-1.2050 12-Month Ranges

21 Apr 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: 1.1240-1.2050 12-Month Ranges

Foreign exchange strategists at Danske still expect the Pound to Euro (GBP/EUR) exchange rate will slide to 1.1240 in the next twelve months. In contrast, BNP Paribas expects GBP/EUR will strengthen to 1.2050 at the end of 2024. GBP/EUR retreated to 1-week lows just below 1.1670 during the week before settling just above this...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Nears 1.1720 After Mixed UK Jobs Data

16 Apr 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Nears 1.1720 After Mixed UK Jobs Data

There was choppy Pound trading after Tuesday’s UK data, but the Pound to Euro exchange rate (GBP/EUR) secured a slight net advance to just above 1.1720. UK labour-market data was mixed with markets potentially waiting for Wednesday’s inflation data before taking a decisive view on the outlook for Bank of England (BoE)...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: Retreat to 1.17, Fundamental Debate Continues

14 Apr 2024 at 3 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Retreat to 1.17, Fundamental Debate Continues

RBC Capital Markets forecasts that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024, with UK fundamentals still fragile. In contrast, MUFG sees scope for further GBP/EUR gains, at least in the short term, due to a dovish ECB policy. GBP/EUR posted gains to 1.1725 after the ECB policy decision before...

CATEGORIES: Pound Euro Forecasts

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