The Pound to Euro rate has veered into a consolidation on the charts and could be most likely to trade within a relatively narrow range in the week ahead, one spanning the gap between roughly 1.1609 and 1.1679, though with some risk of a break higher. 

Goldman Sachs raises its Pound to Euro exchange rate forecast saying the UK currency's recent strength "has staying power".

The Pound to Euro exchange rate entered the new week near mid-June highs just above 1.17 but might most likely consolidate between there and somewhere around the 1.16 level in the days ahead unless Sterling is able to find reasons for excitement in the UK's latest employment and GDP figures. 

GBPEUR exchange rate looks to test the 1.17 level over the coming hours and should remain supported over the coming month - data allowing - with further tests of the 2023 high probable if the May-July trend of appreciation remains intact.

The Pound to Dollar exchange rate relinquished some of its June gains around the turn of the month but with technical support emerging around 1.26 in recent trade, it could be likely to consolidate between there and a nearby pocket of resistance around 1.2850 this week.

Commerzbank, a leading financial institution, has warned that Pound Sterling is poised for a prolonged and significant decline against both the Euro and the Dollar.

The Pound to Euro exchange rate receded from some of its best levels since August 2022 last week and could now be likely to consolidate within a rough 1.1612 to 1.1742 range ahead of midweek remarks from central bankers on both sides of the channel and Friday's reading of the European inflation pulse. 

The British Pound should remain supported says Goldman Sachs in an analysis of the currency's outlook that follows last week's Bank of England's decision to raise interest rates by 50 basis points.

The Pound to Euro exchange rate has been carried to one-year highs in recent trade but inflation data and a difficult interest decision for the Bank of England (BoE) could lead to volatility in fits and starts with risk of a top forming around a nearby resistance level on the charts in the days ahead. 

Bank of America has raised its Pound forecasts saying the UK currency will remain supported despite the UK economy's "grim fundamental outlook".

The British Pound's stellar 2023 will ultimately unravel at some point in the coming weeks as the UK economy begins to underperform rivals say BNP Paribas in a new currency forecast note.

GBP/EUR close to one-year high after European data deteriorates, little scope for data to lift Bank Rate expectations or GBP further.

The Pound to Euro exchange rate (GBPEUR) remains in an uptrend despite the setback seen at the start of the week.

A number of foreign exchange analysts we follow have over recent hours revealed research that shows the British Pound is set for a period of weakness as the UK economy enters a slowdown in the second half of the year, led by the housing market.

The Pound to Euro exchange rate reached new highs for the year last week but with technical and fundamental factors both now leaning into the recovery, the risk is of Sterling topping out in the days ahead and potentially even dropping back toward the 1.15 level.

Currency analysts at Credit Suisse predicted Pound Sterling's outperformance in recent months long before the majority of their peers in investment banking circles.

The Pound to Euro exchange rate's year-to-date rally has been frustrated by a major level of technical resistance on the charts thus far in the latter half of May but the consolidation around the 1.15 level could give way in either direction following this Thursday's release of European inflation figures for April. 

EUR struggles on news Germany in recession, UK long-term yields fall following inflation data, but yield curve inversion can support GBP says ING.

The Pound to Euro exchange rate's five-week rally has been hindered by a dense pocket of resistance on the charts in recent trade but it could get an opportunity to break above and beyond 1.15 this week if Sterling gains salvation from inflation, or if other UK data surprise strongly.

ABN AMRO has upgraded its forecast for the British Pound against the Euro and Dollar expecting the Bank of England to be less "dovish" over the coming months than the ECB and Fed.