The Pound to Euro rate is forecast to fall back into its 2024 range and potentially test levels below 1.17 in the week commencing May 27 as Sterling's post-inflation rally runs out of steam.
May 24,2024
The Euro to Dollar exchange rate could soon see a technical "bullish continuation" move toward 1.1000 writes Forex.com's Global Head of Research, Matthew Weller.
May 21,2024
The Euro to Dollar exchange rate can fade lower from recent highs over the coming days before taking another leg higher.
May 20,2024
Pound Sterling risks a setback against the Euro if the midweek release of UK inflation undershoots expectations and Eurozone PMI figures better those from the UK on Thursday, as some analysts expect.
May 20,2024
Unsurprisingly, the EUR/USD has fallen back amid profit-taking after Wednesday’s data-driven rally. But with several key resistance levels broken, the path of least resistance remains to the upside.
May 16,2024
The Dollar's April-May bout of weakness is a temporary phenomenon and the Euro to Dollar exchange rate can be expected to edge lower.
May 14,2024
The Euro has now completed four consecutive weekly advances that speak of ongoing resilience which can continue if the midweek release of U.S. inflation and retail sales data underwhelms.
May 10,2024
After two consecutive weeks of decline, the Pound to Euro exchange rate will need a strong wage print to end this week in the green.
May 13,2024
The Euro to Dollar exchange rate's downward bias is tipped by analysts to remain intact ahead of next week's important U.S. inflation release.
May 8,2024
Investment bank Goldman Sachs has lowered its forecasts profile for the British Pound, saying expectations for future UK interest rate levels are less supportive than was previously the case.
May 7,2024
The Pound to Euro exchange rate could drop towards the April lows if this week's Bank of England guidance and forecasts point to a June interest rate rise.
May 6,2024
The Federal Reserve launched the Euro-Dollar higher, only to splatter it into a strong technical glass ceiling.
May 2,2024
The Euro to Dollar exchange rate looks at risk of further weakness in the coming five days, particularly if Eurozone inflation data undershoots.
April 29,2024
In the coming days we look for the GBP/EUR recovery to consolidate above 1.1650 with a potential test of figures above 1.17 in the event of soft Eurozone inflation numbers.
April 29,2024
The Pound to Euro exchange rate is forecast to recover last Friday's losses over the course of the coming week, but much will depend on the release of UK and Eurozone PMI figures for April.
April 22,2024
The Euro to Dollar exchange rate is forecast to trade at higher levels this week, although the bigger picture remains one of weakness into the 1.05 level.
April 22,2024
The European Central Bank could be forced to raise interest rates again in 2024 should Middle East tensions escalate and energy prices spike, but analysts warn hikes would result in a weaker Euro.
April 19,2024
Institutional analysts are revising lower their forecasts for the Euro against the Dollar following a recent reappraisal of where interest rates in the U.S. and Eurozone are headed in the coming months.
April 18,2024
The Euro to Dollar exchange rate is on course to break below 1.05, according to a new analysis from Société Générale.
April 16,2024
Last week's heavy losses for the Euro against the Dollar open the door to further declines in the coming days.
April 15,2024
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