Currency News

Daily Exchange Rate Forecasts & Currency News

More Currency Predictions Continued - page 16

A round up of the latest currency predictions from the Currency News desk.

Euro to Dollar Exchange Rate Outlook: "EUR/USD to rise to around 1.12" say Commerzbank

22 Nov 2023 at 8 AM - Written by James Fuller

EUR/USD Exchange Rate Retreats from 3-Month Highs Ahead of Fed Minutes The US Dollar (USD) overall remained vulnerable during Tuesday, although it did manage to resist further heavy losses and secured a limited comeback on short covering ahead of the Fed minutes. The dollar index dipped to 11-week lows just below 102.80 before a...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

The Pound to Euro: Rate Tipped to 1.1500 on Tax Talk say ING

21 Nov 2023 at 1 PM - Written by Tim Boyer

Foreign exchange analysts see scope for Pound Sterling gains against the Euro in the short-term outlook. At the time of writing, the Pound to Euro exchange rate was trading at 1.1451. Monetary and fiscal policy both have scope to provide limited net British Pound support in the near term. Markets are confident that there will be...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Weekly Exchange Rate Forecast: "Can push up to 1.2590" say ING

21 Nov 2023 at 7 AM - Written by David Woodsmith

GBP/USD Exchange Rate Looking for UK Tax Cuts to Break Tough Resistance around 1.2500 Chancellor Hunt will present the Autumn Statement on Wednesday with markets focussed on whether tax cuts can help the Pound to Dollar (GBP/USD) exchange rate break above 1.2500. GBP/USD hit highs at 1.2510 on Monday before a retreat to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Forecast: 1.1235 in 12 Month Outlook, say Danske

19 Nov 2023 at 1 PM - Written by John Cameron

Danske Bank forecasts the British Pound to weaken to 1.1235 against the US Dollar in a year, with JP Morgan expecting the GBP/EUR rate to remain at 1.1500 by September 2024. Market expectations of BoE rate cuts, following lower UK inflation and retail data, have led to a bearish view on the Pound. The BoE is anticipated to cut...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Outlook: 1.32 in Twelve Months say BNP Paribas

19 Nov 2023 at 1 PM - Written by Frank Davies

BNP Paribas predicts the Pound to Dollar exchange rate could rise to 1.32 within a year, while Danske Bank sees it dropping to 1.17. US and UK inflation declines are leading to expectations of rate cuts from the Fed and BoE in 2024. Despite weak UK retail sales, markets anticipate three BoE rate cuts next year. The British Pound's...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

The Pound to Euro: Forecast to Weaken, but Fall "Will be Slow" says Socgen

16 Nov 2023 at 9 PM - Written by David Woodsmith

UK Inflation Data Cements BoE Rate-Cut Expectations, GBP/EUR Slides to 6-Month Lows The Pound to Euro (GBP/EUR) exchange rate has slipped to fresh 6-month lows just below 1.1410 before a recovery to 1.1425. Pound Sterling lost ground following Wednesday’s inflation data and has been unable to regain territory in European trading...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Euro to Dollar Outlook: "Advance to 1.1500 in 2024 Very Feasible" say MUFG

16 Nov 2023 at 12 PM - Written by James Fuller

EUR/USD Exchange Rates Retreat from 2-Month Highs, US Retail Sales Data Disappoints Dollar Bears After a slide on Tuesday, the dollar has recovered some ground with some second thoughts whether the Euphoria after the US data was justified. The US data provided no further ammunition to dollar bears and the Euro to Dollar (EUR/USD)...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Euro to Dollar Forecast: EUR "Could Gain 10%" vs USD in Two Years say Citi

15 Nov 2023 at 7 AM - Written by Ben Hughes

Eurozone data on Tuesday was slightly stronger than expected which provided some Euro protection, although the latest US inflation data had a much more substantial impact. The latest US inflation data was weaker than expected which triggered a slide in bond yields and the dollar posted sharp losses. The Euro to Dollar (EUR/USD)...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Outlook: 1.22 by End-2024 say Nordea

12 Nov 2023 at 7 PM - Written by Frank Davies

Nordea foreign currency analysts predict that the Pound to Dollar exchange rate (GBP/USD) will make no headway and trade at 1.22 at the end of 2024. Bank of America expects the Pound will struggle in the short term, but expects a dollar retreat in 2024 will help trigger a GBP/USD rebound to 1.35 at the end of next year. After strong...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Forecast: Further Sterling Losses Ahead say SocGen Techs

11 Nov 2023 at 7 AM - Written by John Cameron

UK GDP Data Fails to Impress Pound Sterling, GBP/EUR Exchange Rate Slides to Near 6-Month Lows Although there was slight relief that the UK managed to avoid a negative GDP figure for the third quarter, the data pointed to persistent stagnation and the Pound Sterling (GBP) failed to draw any support. Overall risk appetite has also...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Euro to Dollar Exchange Rate Outlook: "EUR/USD to rise to around 1.12" say Commerzbank

22 Nov 2023 at 8 AM - Written by James Fuller

EUR/USD Exchange Rate Retreats from 3-Month Highs Ahead of Fed Minutes The US Dollar (USD) overall remained vulnerable during Tuesday, although it did manage to resist further heavy losses and secured a limited comeback on short covering ahead of the Fed minutes. The dollar index dipped to 11-week lows just below 102.80 before a...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

The Pound to Euro: Rate Tipped to 1.1500 on Tax Talk say ING

21 Nov 2023 at 1 PM - Written by Tim Boyer

Foreign exchange analysts see scope for Pound Sterling gains against the Euro in the short-term outlook. At the time of writing, the Pound to Euro exchange rate was trading at 1.1451. Monetary and fiscal policy both have scope to provide limited net British Pound support in the near term. Markets are confident that there will be...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Weekly Exchange Rate Forecast: "Can push up to 1.2590" say ING

21 Nov 2023 at 7 AM - Written by David Woodsmith

GBP/USD Exchange Rate Looking for UK Tax Cuts to Break Tough Resistance around 1.2500 Chancellor Hunt will present the Autumn Statement on Wednesday with markets focussed on whether tax cuts can help the Pound to Dollar (GBP/USD) exchange rate break above 1.2500. GBP/USD hit highs at 1.2510 on Monday before a retreat to...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Forecast: 1.1235 in 12 Month Outlook, say Danske

19 Nov 2023 at 1 PM - Written by John Cameron

Danske Bank forecasts the British Pound to weaken to 1.1235 against the US Dollar in a year, with JP Morgan expecting the GBP/EUR rate to remain at 1.1500 by September 2024. Market expectations of BoE rate cuts, following lower UK inflation and retail data, have led to a bearish view on the Pound. The BoE is anticipated to cut...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Pound to Dollar Outlook: 1.32 in Twelve Months say BNP Paribas

19 Nov 2023 at 1 PM - Written by Frank Davies

BNP Paribas predicts the Pound to Dollar exchange rate could rise to 1.32 within a year, while Danske Bank sees it dropping to 1.17. US and UK inflation declines are leading to expectations of rate cuts from the Fed and BoE in 2024. Despite weak UK retail sales, markets anticipate three BoE rate cuts next year. The British Pound's...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

The Pound to Euro: Forecast to Weaken, but Fall "Will be Slow" says Socgen

16 Nov 2023 at 9 PM - Written by David Woodsmith

UK Inflation Data Cements BoE Rate-Cut Expectations, GBP/EUR Slides to 6-Month Lows The Pound to Euro (GBP/EUR) exchange rate has slipped to fresh 6-month lows just below 1.1410 before a recovery to 1.1425. Pound Sterling lost ground following Wednesday’s inflation data and has been unable to regain territory in European trading...

CATEGORIES: Currency Predictions Pound Euro Forecasts

Euro to Dollar Outlook: "Advance to 1.1500 in 2024 Very Feasible" say MUFG

16 Nov 2023 at 12 PM - Written by James Fuller

EUR/USD Exchange Rates Retreat from 2-Month Highs, US Retail Sales Data Disappoints Dollar Bears After a slide on Tuesday, the dollar has recovered some ground with some second thoughts whether the Euphoria after the US data was justified. The US data provided no further ammunition to dollar bears and the Euro to Dollar (EUR/USD)...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Euro to Dollar Forecast: EUR "Could Gain 10%" vs USD in Two Years say Citi

15 Nov 2023 at 7 AM - Written by Ben Hughes

Eurozone data on Tuesday was slightly stronger than expected which provided some Euro protection, although the latest US inflation data had a much more substantial impact. The latest US inflation data was weaker than expected which triggered a slide in bond yields and the dollar posted sharp losses. The Euro to Dollar (EUR/USD)...

CATEGORIES: Currency Predictions Euro Dollar Forecasts

Pound to Dollar Outlook: 1.22 by End-2024 say Nordea

12 Nov 2023 at 7 PM - Written by Frank Davies

Nordea foreign currency analysts predict that the Pound to Dollar exchange rate (GBP/USD) will make no headway and trade at 1.22 at the end of 2024. Bank of America expects the Pound will struggle in the short term, but expects a dollar retreat in 2024 will help trigger a GBP/USD rebound to 1.35 at the end of next year. After strong...

CATEGORIES: Currency Predictions Pound Dollar Forecasts

Pound to Euro Forecast: Further Sterling Losses Ahead say SocGen Techs

11 Nov 2023 at 7 AM - Written by John Cameron

UK GDP Data Fails to Impress Pound Sterling, GBP/EUR Exchange Rate Slides to Near 6-Month Lows Although there was slight relief that the UK managed to avoid a negative GDP figure for the third quarter, the data pointed to persistent stagnation and the Pound Sterling (GBP) failed to draw any support. Overall risk appetite has also...

CATEGORIES: Currency Predictions Pound Euro Forecasts