We forecast Pound Sterling to trade on the soft side against the Euro this week but don't see Wednesday's UK inflation report or Thursday's Bank of England decision having a lasting negative impact. Wednesday's Federal Reserve rate cut could prove supportive from a global perspective.
September 16,2024
Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week sees the domestic calendar come alive again.
September 9,2024
The British Pound has more fuel in its tank to drive outperformance against the Euro and Dollar over the medium term.
September 6,2024
Pound Sterling has risen for six months in succession against the Euro, but a recent recovery stalled at 1.19 and we could see a pullback evolve in the coming days.
September 2,2024
The Pound to Euro exchange rate (GBP/EUR) is technically and fundamentally poised for further gains in the near term, and a move to 1.1850 is on the cards for this week.
August 26,2024
Will the Pound continue to rise against the euro and where will it end the year? According to a new analysis, Pound Sterling will continue to rise against the Euro "for the time being".
August 23,2024
According to the consensus of investment bank analysts, Pound Sterling is left slightly undervalued following a recent slide.
August 20,2024
The Pound rose against all major currencies this week as it drew a line under prior losses but BofA Global Research says it can still rise further against the Dollar, Euro, Japanese Yen and Swiss Franc up ahead.
August 19,2024
The Pound to Euro exchange rate’s recovery from last week’s lows around 1.15 may have been derailed and it could now be at risk of slipping further, according to strategists at ING, who say the Bank of England is set to weigh on Sterling.
August 20,2024
The Pound to Euro exchange rate recovery from early August’s lows could extend further up ahead, according to a trader at J.P. Morgan, who's a seller of EUR/GBP and is looking for a push below the nearby 200-day moving average.
August 20,2024
The Pound to Euro exchange rate has been tipped as a buy at Barclays with a 1.2048 target because recent losses have created an attractive entry opportunity and some fundamentals favour a continued recovery.
August 20,2024
The Pound to Euro exchange rate has stabilised after unraveling much of its second quarter advance in the early days of August and could be likely to trade buyantly within a rough 1.1639 to 1.1711 range this week.
August 20,2024
The Pound to Euro exchange rate has stabilised following recent heavy losses and could yet recover further up ahead but it faces downside risks heading into the medium-term, according to RBC Capital Markets strategists.
August 9,2024
Pound Sterling has fallen heavily against all major counterparts over the recent week but traders should buy into the resulting dip against the Euro and safe-haven Swiss Franc, according to Barclays strategists.
August 20,2024
The Pound to Euro exchange rate has unraveled all of its second quarter gains but Goldman Sachs says the trend is still higher and that Bank of England interest rate policy can only weigh on the pair for so long.
August 7,2024
The Pound to Euro exchange rate has fallen heavily in recent trade but the author’s model suggests it’s now bottoming out in what is likely to be a narrow 1.1650 to 1.1731 range over the coming days.
August 20,2024
Pound Sterling has erased its July gains against a resurgent Euro, and there is only one question to be asked in the coming week: where will the selling end?
August 5,2024
Pound Sterling is forecast to trade with a heavy tone into a potential interest rate cut on Thursday.
July 29,2024
Pound Sterling has turned lower again following a strong run and we forecast the pullback to extend in the coming days if equity markets continue to struggle. Eurozone and UK PMIs are the week's focus.
July 22,2024
The Pound to Euro exchange rate hit a new two-year high at 1.1920 on Monday, but inflation, wage and retail sales data will determine whether this hot streak extends.
July 15,2024
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