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 Pound to Euro exchange rate has hugged its short, medium and long-term averages in recent trade and although this could continue in the days ahead, there is uncertainty over how it would respond to any up or down surprises in July’s inflation numbers due from the UK on Wednesday.
GBP/EUR has been under pressure for a number of days now and analysts tell us the near-term picture should see further downside, although a more protracted decline still remains unlikely.
EUR/USD is forecast to retreat back below the 1.0 level over coming weeks by analysts at Rabobank, the Dutch based international lender and investment bank.
The Pound to Euro exchange rate rallied further to reach three month highs last week with the aid of a handicapped single currency but could struggle to advance further in the days ahead owing to uncertainty about the outcome of Thursday’s Bank of England (BoE) interest rate decision.
The probability of the Euro falling to parity against the Dollar have risen says ING, and when it happens the foreign exchange market will likely witness fireworks.
