Pound Sterling is set to remain vulnerable against the Euro over the coming days and a test of the solid support zone at 1.15 could well come into play in a week devoid of data and events on the calendar for either the Eurozone or UK.

Strategists at Morgan Stanley say they are 'long' on the Euro to Pound exchange rate (EUR/GBP) and are ultimately looking for the pair to break above its summer range as the Euro outperforms its British peer into year-end.

The currency research and strategy team at Goldman Sachs have slashed their forecasts for the Pound as they announced they have "officially shifted back to Sterling bears".

The British Pound has lost value against all its G10 peers over the past month with losses accelerating in the previous week, but our five-day forecast suggests some of those losses can be unwound.

Despite a month of selling, the British Pound is unlikely to experience significant weakness going forward according to new research from one of Europe's most prominent investment and commercial banking providers.

GBPEUR continues to respect a well-understood range, but the downside boundary is coming back into focus.

GBPEUR risks slipping towards the bottom of its recent range over the coming days if UK wage data comes in below expectations and the European Central Bank (ECB) hits the right notes on Thursday.

The British Pound and Euro have reached the "end of the road" according to a new analysis from HSBC as analysts hail the return of the "king dollar".

Barclays says in a new forecast revision it turns "less hopeful" on the British Pound's prospects, particularly against the Euro, Dollar and Swiss Franc.

GBPEUR) is forecast to remain supported above 1.16 over the coming days after a late-August pullback failed around 1.1620 and the subsequent rebound opens the door to another test of the 2023 highs.

August has confirmed and bolstered the view that the Pound to Euro exchange rate has now entered a sideways pattern, but rising volumes and downside data surprises could break the range over the coming weeks.

An analyst we follow says he favours buying the Pound against the Euro at these levels on a tactical basis, but the Euro could benefit in the short term if inflation numbers beat expectations.

The Pound to Euro exchange rate entered the new week under pressure near the top of its three-month range and could be seen falling back toward its 55-day moving-average in the days ahead if business surveys offer any further sign of Europe’s economy catching up with or otherwise overtaking the UK economy. 

The Pound to Euro exchange rate has held above two-month lows and technical support offered by its 50-day moving average in recent trade, which could be set to underpin the pair again this week but with technical resistance also potentially found around 1.1639 in what is an economic data-heavy week. 

Goldman Sachs foreign exchange strategists say they are still Pound Sterling bulls, but they have lowered their forecasts for the Pound to Euro exchange rate in the wake of the Bank of England's August decision.

The Pound to Euro exchange rate currently sits near the bottom of its medium-term equilibrium range, suggesting only limited scope for further losses in the short-term, though it could be most likely to trade in a narrow band covering the distance between roughly 1.1581 and 1.1622 this week if the author’s model is anything to go by. 

The British Pound's retreat from July highs against the Euro and Dollar could slow from here with one analyst saying the Bank of England's August policy decision and guidance had enough 'hawkish' elements to limit the prospect of further downside.

The broader backdrop is one that favours Pound sterling over euro, given the relatively elevated interest rate environment in the UK compared to the Eurozone.

The Pound to Euro exchange rate remains in the upper quartile of the year’s range but an action-packed economic calendar, bond markets and the Bank of England (BoE) interest rate outlook could each or all push the boundaries of an anticipated 1.1633 to 1.1662 range for the week ahead.

The Pound to Euro exchange rate was hobbled last week and might now be set for consolidation in a rough 1.1476 to 1.1620 range in the days ahead with a risk of losses below 1.15 if the European Central Bank (ECB) turns more ‘hawkish’ on Thursday.