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Pound Euro forecast page 59 - GBP EUR

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

LIVE EXCHANGE RATE 02:04:31 Pound Euro Rate »
GBP/EUR +0 Days Low Days High Last Daily
1.13228 ▲ +0.05% 1.13159 1.13233 1.13177

Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

25 Feb 2024 at 9 AM - Written by John Cameron

STORY LINK Pound to Euro Week Ahead Forecast: Buy Dips Below 1.17, as Short-term Uptrend Intact

Bank of America (BoA) analysts forecast that the Pound to Euro exchange rate (GBP/EUR) will strengthen to 1.1905 at the end of 2024. In contrast, after an initial firm tone, ING expects GBP/EUR to weaken to 1.1365 on a 12-month view. GBP/EUR dipped to 3-week lows below 1.1660 during the week before a recovery to 1.1715 on...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

24 Feb 2024 at 10 AM - Written by John Cameron

STORY LINK Pound to Euro: UK Optimism Underpins Sterling Exchange Rates

The Pound to Euro exchange rate (GBP/EUR) found support below 1.1670 on Thursday and rallied to the 1.1700 area. Overall risk conditions were broadly favourable which helped underpin Sterling and GBP/EUR traded just above 1.1700 on Friday. According to ING, GBP/EUR can secure limited net gains on interest rate expectations. It...

CATEGORIES: Pound Euro Forecasts

Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

22 Feb 2024 at 6 AM - Written by John Cameron

STORY LINK Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

The Pound to Euro exchange rate (GBP/EUR) dipped to 4-week lows just below 1.1660 on Tuesday before a tentative recovery to 1.1680. Global central bank interest rate expectations will remain a crucial element for global currency markets with some Euro support as confidence in an April ECB rate cut faded. GBP/EUR can make headway if...

CATEGORIES: Pound Euro Forecasts

Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

20 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

Bank of America (BoA) has significantly increased its Pound to Euro exchange rate (GBP/EUR) forecast for the end of 2024 to 1.1905 from 1.1365 and adjusted the end-2025 forecast to 1.1765 from 1.1625. BoA notes that Sterling's appreciation will be mainly concentrated in this year, driven by policy divergence, but expects the rate of...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

19 Feb 2024 at 8 PM - Written by John Cameron

STORY LINK Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

The Pound to Euro (GBP/EUR) exchange rate found support close to 1.1675 on Friday and settled below the 1.1700 level. Narrow ranges prevailed on Monday with US markets closed with GBP/EUR creeping higher to just above the 1.1700 level. ING expects that overall currency moves will remain limited; “Volatility in FX markets derives...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year

18 Feb 2024 at 9 AM - Written by Tim Boyer

STORY LINK Pound to Euro Week Ahead Forecast: 1.17 Holds, 1.1365-1.1905 This Year

Danske Bank analysts expect that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 on a 6-12 month view. In contrast, Credit Agricole expects that GBP/EUR will strengthen to 1.1905 at the end of 2024. GBP/EUR briefly touched 1.1765 during the week, but failed to break this key resistance level and retreated to below...

CATEGORIES: Pound Euro Forecasts

Pound Euro Dips as UK Recession Confirmed, Sterling Below 1.17

15 Feb 2024 at 5 PM - Written by John Cameron

STORY LINK Pound Euro Dips as UK Recession Confirmed, Sterling Below 1.17

UK data on Thursday confirmed that the UK dipped into technical recession for the second half of 2023. The Pound registered limited net losses with the Pound to Euro (GBP/EUR) exchange rate retreating to 1-week lows at 1.1690 before trading just below 1.1700. According to MUFG; “It looks like light EUR/GBP shorts had been built up...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

14 Feb 2024 at 9 PM - Written by Frank Davies

STORY LINK Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

The Pound to Euro (GBP/EUR) exchange rate retreated sharply from 5-month highs of 1.1760 after the latest UK inflation data and retreated further to near 1.1700 after Bank of England Governor Bailey stated that downward pressure on inflation is quite broad-based. Markets are pricing in a 50% chance of a June rate cut with immediate...

CATEGORIES: Pound Euro Forecasts

Pound to Euro Exchange Rate: Best in Five Months to Continue?

14 Feb 2024 at 8 AM - Written by John Cameron

STORY LINK Pound to Euro Exchange Rate: Best in Five Months to Continue?

The Pound Euro (GBP/EUR) exchange rate posted gains after stronger-than-expected UK labour-market data with lower unemployment and evidence of sticky wages growth. Although the labour market has cooled, the Bank of England will be concerned that wages growth is still too high to allow an interest rate cut. The Pound to Euro...

CATEGORIES: Pound Euro Forecasts

Pound to Euro: Sterling Looks to Major UK Data Releases to Trigger Breakout

12 Feb 2024 at 9 PM - Written by John Cameron

STORY LINK Pound to Euro: Sterling Looks to Major UK Data Releases to Trigger Breakout

The Pound to Euro (GBP/EUR) exchange rate has continued to find support close to 1.1700 and settled around 1.1715 on Monday as tight ranges have prevailed. UK data this week will have an important market impact and volatility will inevitably increase with the possibility of a breakout. MUFG still forecasts that GBP/EUR can...

CATEGORIES: Pound Euro Forecasts

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