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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.

LIVE EXCHANGE RATE 05:30:59 Pound Euro Rate »
GBP/EUR +0 Days Low Days High Last Daily
1.14433 ▲ +0.03% 1.14381 1.14446 1.14402

Pound to Euro Rate Corrects

17 Jun 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Euro Rate Corrects

The Pound to Euro exchange rate (GBP/EUR) surged to 22-month highs just above 1.1900 last week before a correction to 1.1835 on Monday. Political and economic risks will be important for the Pound this week with MUFG seeing scope for further Pound gains and a potential move to at least 1.1975 The Euro has continued to be hampered...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Forecast For Week Ahead: 1.1365-1.1905

16 Jun 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate Forecast For Week Ahead: 1.1365-1.1905

Foreign exchange analysts at Bank of America forecast that the Pound to Euro exchange rate (GBP/EUR) gains will extend to 1.1905. Credit Agricole sees scope for a near-term correction before a medium-term move to 1.1905. Danske Bank expects a decline to 1.1365 on a 6-12-month view, but notes that French political uncertainty and Bank...

CATEGORIES: Currency Predictions Pound Euro Forecasts

UK GDP Data Fails to Dent Best Pound to Euro Exchange Rate in 22 Months

12 Jun 2024 at 10 PM - Written by John Cameron

STORY LINK UK GDP Data Fails to Dent Best Pound to Euro Exchange Rate in 22 Months

The Euro has stabilised in markets, although there is still an important element of political uncertainty surrounding France. Meanwhile, there was a muted reaction to the latest UK GDP data. The Pound to Euro (GBP/EUR) exchange rate has maintained a strong tone and close to 22-month highs around 1.1865. According to the ONS, UK GDP...

CATEGORIES: Pound Euro Forecasts

Far-Right Election Gains See Pound to Euro Exchange Rate at 22-Month Best

10 Jun 2024 at 1 PM - Written by John Cameron

STORY LINK Far-Right Election Gains See Pound to Euro Exchange Rate at 22-Month Best

The Pound to Euro (GBP/EUR) exchange rate pushed through key resistance at 1.1765 on Friday as the Euro dipped more than the Pound following the US jobs data. GBP/EUR gains accelerated in Asia on Monday after the latest European elections and French President Macron’s election gamble. Rabobank still considers that the Pound can...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.1240 - 1.2050 Ranges, Which is More Likely?

9 Jun 2024 at 1 PM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: 1.1240 - 1.2050 Ranges, Which is More Likely?

Foreign exchange strategists at SocGen forecast that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1240 by the first quarter of 2025. In contrast, Barclays expects GBP/EUR to strengthen to 1.2050 at year-end and hold this level at the end of next year. The Euro was resilient after the ECB rate cut, but again tested key...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate Retreats as Traders Fail to Break Key Resistance

5 Jun 2024 at 7 AM - Written by David Woodsmith

STORY LINK Pound to Euro Exchange Rate Retreats as Traders Fail to Break Key Resistance

After sharp losses ahead of Friday’s US open, the Pound to Euro (GBP/EUR) exchange rate found support close to 1.1710 but rallies stalled in the 1.1750 area and there was a net retreat to 1.1725 on Monday. Given the overall fundamentals, ING expects further GBP/EUR selling interest on approach to 1.1765. Although the ECB has...

CATEGORIES: Pound Euro Forecasts

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

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