Pound Euro forecast page 7 - GBP EUR

Foreign exchange analysts at Danske Bank expect that the Pound to Euro exchange rate will weaken to 1.1235 on a 12-month view. HSBC expects the Pound will be able to hold its ground and forecasts an end-2024 rate of 1.1630. Exchange Rates UK Research brings you the latest institutional forecasts (Danske Bank, HSBC, MUFG, Nordea, Soc...

GBP/EUR Exchange Rate Posts Fresh December Lows Amid On-Going Shift in Bank of England Expectations The Pound overall has drifted lower in global markets over the past 24 hours, although ranges have been relatively narrow. The Pound to Euro (GBP/EUR) exchange rate was unable to regain losses on Wednesday and retreated to fresh...

The Pound (GBP) posted sharp losses after weaker-than-expected UK inflation data. Following the data, markets priced in more aggressive Bank of England interest rate cuts while bond yields declined. The Pound-to-Euro (GBP/EUR) exchange rate retreated to 3-week lows just below 1.1540 before settling around 1.1550. Lower yields will...

Foreign exchange analysts at Danske Bank expect the Euro (EUR) to gradually grind higher against Pound Sterling (GBP). They expect the Pound to Euro (GBP/EUR) exchange rate to weaken to 1.1235 over 2024. In contrast, Rabobank now sees scope for GBP/EUR gains to 1.1900 on a 9-12-month view. A key issue will be whether tight...

GBP/EUR Exchange Rate Strengthens as Rebound in UK Services Activity Boosts the Pound UK services-sector activity strengthened to a 6-month high for December while the Euro-Zone economy remained in contraction territory. The UK data gave some credibility to Bank of England hawkish rhetoric while doubts that the ECB stance is...

The Bank of England (BoE) and ECB both met expectations on Thursday with no changes to interest rates and both pushed back against market expectations of lower interest rates anytime soon. Given the recent shift in pricing, there was scope for a significant adjustment in market rate expectations which boosted the Pound and Euro on...

Weaker-than-expected UK GDP data on Wednesday triggered Pound losses with the Pound to Euro (GBP/EUR) exchange rate sliding to 10-day lows around 1.1610. The data will not have an impact on Thursday’s Bank of England decision, but there will be a stronger conviction of notable rate cuts in 2024. Money markets are currently pricing...

The Pound Euro exchange rate was unable to make headway on Friday, but did find support below the 1.1650 level and consolidated around 1.1665 on Monday as relatively narrow ranges prevailed. GBP/EUR hit 3-month highs last week, but was unable to break above 1.1700 on three separate occasions which helped trigger a limited...

Danske Bank currency specialists expect the Pound to Euro exchange rate to slide to 1.1050 in 2024. In contrast, Rabobank sees scope for limited net Pound Sterling gains against the Euro to 1.1765 on a six-month view. After jumping at the end of last week, GBP/EUR posted 3-month gains to just below 1.1700, but was unable to make...

The Pound to Euro exchange rate posted 12-week highs just above 1.1690 in Asia on Monday before consolidating just above 1.1650. Market positioning and the shift in relative interest rate expectations has been a key element with the Pound drawing support from expectations of aggressive rate cuts next year. There has already been in...