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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 05:04:23 Pound Euro Rate »
GBP/EUR +0 Days Low Days High Last Daily
1.14702 ▲ +0.05% 1.14596 1.14732 1.14648

Economic, Political Woes Sap Single Currency Support, Pound to Euro Rate Buying on Dips

3 Sep 2024 at 10 AM - Written by John Cameron

STORY LINK Economic, Political Woes Sap Single Currency Support, Pound to Euro Rate Buying on Dips

Economic and Political Woes Sap Euro Support, GBP/EUR Buying on Dips The Pound to Euro (GBP/EUR) exchange rate has corrected from 5-week highs just above 1.19 posted last week, but the correction remains limited with the pair trading around 1.1870 and seeing solid buying on dips. The pair will need to break the 1.1910 area to...

CATEGORIES: Pound Euro Forecasts

Inflation Slide Hurts Single Currency, Pound Sterling to Euro Exchange Rate Hits 5-Week Best

2 Sep 2024 at 7 AM - Written by David Woodsmith

STORY LINK Inflation Slide Hurts Single Currency, Pound Sterling to Euro Exchange Rate Hits 5-Week Best

There has been significant divergence in currency markets on Thursday with significant gains for the Australian and New Zealand dollars while the Euro has come under pressure following the release of weaker-than-expected inflation data. To some extent the Pound has been caught in the middle, along with the dollar, but the Pound to Euro...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: September Holds Key for GBP/EUR

2 Sep 2024 at 7 AM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: September Holds Key for GBP/EUR

Goldman Sachs forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.22 on a 12-month view. During the week, GBP/EUR strengthened to 5-week highs just above 1.19 before a correction to 1.1875. The pair remains close to the resistance levels above 1.19 which were tested in July. Other investment banks such as...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate News: Aiming for August Best

28 Aug 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate News: Aiming for August Best

The Pound has maintained a firm tone in global markets, supported by solid risk conditions while an on-going lack of confidence in the German outlook has curbed Euro support. In this environment, the Pound to Euro (GBP/EUR) exchange rate is trading around 1.1825 and close to 3-week highs. According to ING “EUR/GBP could make a run...

CATEGORIES: Pound Euro Forecasts

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

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