Euro Forecast

Foreign exchange strategists at Nomura forecast the Euro to fall to parity against the Dollar by August.

BofA update Euro-Dollar forecasts, dee little chance of a major recovery as ECB grapples with fragmentation risks.

"EUR/GBP has been trending steadily higher for over 20 years and should keep going up" - Soc Gen.

The Euro to Dollar exchange rate will remain under pressure until 2023 shows new research from UniCredit Bank.

GBP will endure a steady trend of decline in value agains the Euro over the coming 12 months shows research from Wall Street bank Goldman Sachs.

"Unless Lagarde commits to a series of 50s, EURUSD has limited room to gain" - TD Securities.

EUR/USD is likely going higher say currency strategists at Morgan Stanley who this week initiate a buy recommendation on the pair.

Foreign exchange strategists at Goldman Sachs say EUR/USD will leap 1.10 over coming months.

"EUR strength is in line with recent corrective rallies in 2022".

DNB Markets says in a new currency research note that FX investors seemed to ignor the risks that the ECB is to tighten policy, leading the Euro undervalued as a result.

Danske Bank are the latest major financial institution to predict the Euro to Dollar exchange rate will fall to parity.

EUR/USD on course for 20 year lows says JP Morgan, as conditions remain ripe for USD appreciation and ECB rate hikes to offer scant support for EUR.

"Should that narrative persist and lead the BoE to raise rates by less than what forwards anticipate... the currency could weaken more than our forecasts imply" - Barclays.

The Bank of England is close to ending its interest rate hiking cycle and this will leave Pound Sterling vulnerable to further losses against the Dollar and Euro, according to one investment bank.

The Euro to Dollar exchange rate slipped to a fresh five year low last week but could attempt a corrective rebound in the days ahead if global markets find reasons for cheer in signs that China's most stringent 'lockdown' thus far may be nearing its end. 

The Pound to Euro rate ended last week with a sharp rally from seven month lows but it could be likely to stall around the nearby 1.1827 level this week in which parliamentary testimonies from Bank of England (BoE) policymakers and a deluge of UK economic data are the highlights for Sterling. 

"EUR/USD is close to the 1.0340 key support, below which would see the prospect of parity become quite material" - ING.

Peak Dollar strength has passed and the Euro will show bullish traits in the medium-term shows new research from French banking giant BNP Paribas.

ING raise EUR/GBP forecasts, MUFG hold tactical buy on EUR/GBP and Crédit Agricole says EUR to benefit from ECB policy shift.

Investment bank Goldmans Sachs have raised their target on a trade betting the Euro will rise further in value against the British Pound.