Euro forecasts against
Pound, Dollar, Australian Dollar, New Zealand Dollar and other G10 majors. Predictions come from market pricing sources, investment banks and technical analysts.
Corpay maintains a PDF forecast report showing major investment bank forecasts. The report includes the average forecast of all banks surveyed by Bloomberg as well as the highest and lowest forecast points over numerous timelines. Request your report: GBP/EUR, GBP/USD, EUR/USD, GBP/AUD, GBP/NZD, GBP/CAD.
The Euro to Dollar exchange rate is forecast to remain under moderate pressure in the coming days, with eyes on Eurozone inflation numbers ahead of the Federal Reserve decision and U.S. pay numbers.
The Euro can recover in the coming days, according to a new analysis at the start of a week that will be dominated by U.S. politics, Eurozone PMIs and the U.S. PCE inflation index.
Pound Sterling has turned lower again following a strong run and we forecast the pullback to extend in the coming days if equity markets continue to struggle. Eurozone and UK PMIs are the week's focus.
One of Europe's biggest investment banks says France's election outcome will weigh on the single currency as it forecasts the Euro to Dollar exchange rate to trend lower over the coming months.
The Euro reached its highest level in five weeks against the Dollar last Friday, but there is a possibility of a consolidative retreat in the coming five days.
The Pound to Euro exchange rate hit a new two-year high at 1.1920 on Monday, but inflation, wage and retail sales data will determine whether this hot streak extends.
Work has already begun to improve the UK's Brexit deal with the EU as the new Labour government pursues closer ties with the EU. Analysts at Barclays say this can help shrink the Pound's 'Brexit premium'.
MUFG Bank says the UK's political outlook contrasts favourably with developments in Europe and a strengthening economy will limit the amount of interest rate cuts the Bank of England can deliver in 2024.
What is the Euro to Dollar forecast for the week ahead? We think there is scope for a near-term rebound, although it should be shallow as the Euro will likely remain under pressure heading into the French elections.
What is the forecast for the Pound to Euro exchange rate in the coming week? We think the Pound can pull back from recent highs as it consolidates the strong gains of the May to June period. We think losses will be shallow.
Pound Sterling would give up all the gains it made against the Euro if the right-wing party of Marine Le Pen fails to secure a majority in the upcoming French legislative elections.
The Pound to Euro exchange rate opens the new week relatively unchanged on Friday's close at 1.1846 with no unexpected developments from France to boost volatility.
The Pound to Euro exchange rate has fallen from its highs, but analysts at one European investment bank have upgraded forecasts and see 1.20 now being possible in the coming weeks.
