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Pound Euro forecast page 57 - GBP EUR

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

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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

Pound to Euro Exchange Rate: Sterling Unable to Hold Above 1.19

26 Jul 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate: Sterling Unable to Hold Above 1.19

The Pound to Euro (GBP/EUR) exchange rate has been unable to hold above 1.1900 and settled around 1.1885. Although data releases have triggered further concerns surrounding the Euro-Zone economy, there are wider currents in global markets with a risk-off trend and sharp dip in equities and risk aversion which has undermined the Pound...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Forecast Ranges: 1.15 to 1.22

21 Jul 2024 at 7 PM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Forecast Ranges: 1.15 to 1.22

Citigroup forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.22 at the end of 2024. In contrast, after a strong start, ING still forecasts losses to 1.15. GBP/EUR hit a 23-month high just below 1.1930 during the week before a retreat to 1.1870 amid overbought conditions. As far as data is concerned,...

CATEGORIES: Pound Euro Forecasts

GBP/EUR Exchange Rate Retreats from 11-Month Best

21 Jul 2024 at 6 PM - Written by Tim Boyer

STORY LINK GBP/EUR Exchange Rate Retreats from 11-Month Best

The Pound to Euro (GBP/EUR) exchange rate posted a fresh 11-month high just below 1.1930 on Wednesday, but was unable to hold the gains and retreated to just below 1.1900 after the latest UK data as markets continue to debate the outlook for UK interest rates. The headline labour-market data was in line with expectations as the...

CATEGORIES: Pound Euro Forecasts

The Pound to Euro Rate Consolidates Below 11-Month Best

16 Jul 2024 at 12 PM - Written by John Cameron

STORY LINK The Pound to Euro Rate Consolidates Below 11-Month Best

The Pound to Euro (GBP/EUR) exchange rate hit 11-month highs at 1.1920 on Monday before consolidating around 1.1895 on Tuesday. COT data released by the CFTC reported a fresh surge in long, non-commercial Sterling positions to just under 85,000 in the latest week from 62,000 the previous week and the largest long position on...

CATEGORIES: Pound Euro Forecasts

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