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.
Deutsche Bank, while not optimistic on Sterling’s broader prospects against the Euro for the remainder of this year, have warned of a near-term bounce in GBP/EUR.
The Pound and Euro are unlikely to reach parity in value argue analysts at ING Bank N.V. who say the Pound has become “an easy target for currency markets.”
Those wanting a stronger Pound against the Euro will have been spooked by the recent views coming out of some of the world’s most esteemed research houses.
Earlier this week we reported that Morgan Stanley had dropped their moderate view on the Pound to Euro exchange rate’s outlook and had turned decisively more bearish.
The Euro’s impressive rally might be due a pause, but this will not see technical analysts at Credit Suisse deviate from their bullish stance on the single-currency.
The Euro’s impressive advance against the Euro has the legs to continue, but not before a period of consolidation takes place say analysts at Rabobank.
Kit Juckes at Societe Generale believes the conditions are ripe for the Euro v Dollar exchange rate to rush to 1.20 this summer and make life difficult for the team at the European Central Bank.
Why analysts don’t believe Sterling requires a massive downgrade against the Euro as is the case for EUR/USD because the risk of a Pound-positive surprise remains elevated.
A big upgrade for the Euro to Dollar exchange rate has been announced by Danske Bank who believe a perfect combination of events have transpired over recent weeks that will allow the single-currency to race higher.
“In all, EUR will continue to reign supreme in the absence of any evidence that the ECB is worrying about the impact of the FX appreciation on the economic outlook,” - Velentin Marinov, Credit Agricole.
Foreign exchange analysts at global financial services provider NAB have announced an update to their forecasts for the Euro to Dollar exchange rate (EUR/USD).
