Euro Forecast

MUFG Bank says the UK's political outlook contrasts favourably with developments in Europe and a strengthening economy will limit the amount of interest rate cuts the Bank of England can deliver in 2024.

What is the Euro to Dollar forecast for the week ahead? We think there is scope for a near-term rebound, although it should be shallow as the Euro will likely remain under pressure heading into the French elections.

What is the forecast for the Pound to Euro exchange rate in the coming week? We think the Pound can pull back from recent highs as it consolidates the strong gains of the May to June period. We think losses will be shallow.

Pound Sterling would give up all the gains it made against the Euro if the right-wing party of Marine Le Pen fails to secure a majority in the upcoming French legislative elections.

The Euro to Dollar exchange rate is forecast to remain under pressure in the coming days amidst French political uncertainty.

The Pound to Euro exchange rate opens the new week relatively unchanged on Friday's close at 1.1846 with no unexpected developments from France to boost volatility.

The Pound to Euro exchange rate has fallen from its highs, but analysts at one European investment bank have upgraded forecasts and see 1.20 now being possible in the coming weeks.

The Euro to Dollar exchange rate is forecasted to "stay heavy" in the next few weeks, with one technical analyst downgrading his view for the pair.

The Euro to Dollar exchange rate is under pressure as political uncertainty returns to haunt the Eurozone.

The US dollar continues to show robust strength supported by its high yield and geopolitical considerations, while the euro faces headwinds that are likely to keep the EUR/USD exchange rate within a narrow range, according to Deutsche Bank's George Saravelos.

What is the Euro to Dollar exchange rate's forecast for the week ahead? We forecast a test of 1.09 and a potential breakout from the May range, but U.S. labour market numbers must come in weak.

The Euro to Dollar exchange rate is forecast to maintain a constructive feel in the week commencing May 24. However, inflation measures from both the Eurozone and the U.S. will make for volatile trading at the end of the week.

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.

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.

The Euro to Dollar exchange rate can fade lower from recent highs over the coming days before taking another leg higher.

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.

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.

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.

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.

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.