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.
Foreign exchange strategists at Credit Suisse are holding onto their view that the Euro will head lower against the Dollar, saying the Federal Reserve won't "bail out investor sentiment".
Federal Reserve Chair Jerome Powell sent a lighting rod through financial markets on the final day of November when he said he no longer expects inflation to be temporary.
The Euro-Dollar exchange rate ended last week with a steamrolling rally alongside the safe-haven Swiss Franc and Japanese Yen but could struggle for further traction over the coming days if global markets stabilise and as coronavirus related risks mount on the European continent.
GBP is predicted to come under pressure against the Euro and Dollar ahead over coming weeks and months, with a more sustained recovery only likely in the second half of 2022.
The Euro to Dollar rate sustained its largest decline since late September last week, breaking a major technical support level while placing another near 1.1425 under pressure along the way.
"There's growing talk of the EU suspending its trade deal with the UK. But fresh Brexit uncertainty may not have as big a market impact as perhaps presumed" - ING.
GBP/EUR starts the new week hobbled by the market response to last week’s Bank of England (BoE) monetary policy decision but it could be likely to stabilise above the nearby 1.1650 level over the coming days, albeit with only limited upside potential.
EUR/USD could succumb to fresh 2021 lows in the wake of the Federal Reserve policy update, according to analysis released ahead of the central bank's November policy update.
The Euro could be on course to retest the 2021 low against the Dollar according to a noted technical analyst, although where it ends the week could depend on the outcome of the Federal Reserve's November 03 policy update.
Pound Sterling looks set to consolidate below the previous week's highs against the Euro as traders take money off the table ahead of this week's pivotal Bank of England meeting.
