A Labour win on July 04 would be supportive of Pound Sterling, which remains significantly undervalued against the Euro, according to a new currency research note.
June 3,2024
What is the Pound to Euro forecast for the week ahead? We forecast Pound Sterling will try and establish a base following Friday's selloff, with risks of €1.17 if Thursday's ECB decision is interpreted as 'hawkish'.
June 3,2024
Euro exchange rates firmed ahead of the weekend courtesy of news Eurozone inflation printed on the upper end of expectations in April, lowering the odds of a succession of interest rate cuts from the ECB.
May 31,2024
The Pound to Euro exchange rate rose to a new 2024 high at 1.1770 on Tuesday but has reached the limits of its abilities, says one currency analyst we follow.
May 29,2024
The Pound to Euro rate is forecast to fall back into its 2024 range and potentially test levels below 1.17 in the week commencing May 27 as Sterling's post-inflation rally runs out of steam.
May 24,2024
Strategists say the UK General Election of July 04 is no headwind to Pound Sterling; in fact, it is why some are holding a bullish stance on the UK currency.
May 23,2024
Pound Sterling risks a setback against the Euro if the midweek release of UK inflation undershoots expectations and Eurozone PMI figures better those from the UK on Thursday, as some analysts expect.
May 20,2024
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