Pound Sterling has likely peaked against the Euro and is pointed lower as the Bank of England has already ended its interest rate hiking cycle in the face of softening economic data.
May 17,2023
The Pound to Euro exchange rate reached new highs for the year last week but could be set for some consolidation between those earlier peaks and somewhere just above the round number of 1.14 over the coming days.
May 15,2023
70% chance the Bank of England hikes and keeps guidance unchanged, 20% chance a halt to the cycle is signalled = 90% chance the Pound falls today.
May 15,2023
Analysts at Goldman Sachs have upgraded their tactical stance on the British Pound to "outright constructive" amidst a surprising UK economic resilience and fading central bank divergence risks.
May 10,2023
The Pound to Euro exchange rate entered the new week trading back above 1.14 and may attempt to rise further in the days ahead but this Thursday's forecast update and interest rate decision from the Bank of England (BoE) are both wild card risks that could cut either way for Sterling.
May 9,2023
The British Pound has come under pressure against the Euro in May as investors bet Thursday's European Central Bank (ECB) interest rate decision and guidance will see it maintain its crown as the most hawkish of the major central banks.
May 4,2023
The Pound to Euro exchange rate approached the year's highs last week and could attempt to reach its best levels since December 2022 if Euro area inflation ebbs again and the European Central Bank (ECB) adopts a less hawkish monetary policy stance in the days ahead.
May 1,2023
The Euro is in demand and this will likely remain the case into the early May ECB interest rate hike.
April 27,2023
The Pound to Euro exchange rate steadied above its April low last week but whether it can recover by much this time out likely depends on how German inflation and economic growth numbers from Europe's major economies impact expectations for European Central Bank (ECB) interest rate policy.
April 24,2023
Favourable April seasonality propels the Pound to its strongest valuation against a host of currencies since the start of the year, but momentum indicators look overbought and gains should fade says Bank of America.
April 20,2023
The Pound to Euro exchange rate was pushed back to early February lows last week and the risk is that any attempted recovery is hampered this week by a renewed ebb of the inflation tide on Wednesday.
April 24,2023
The British Pound could experience a setback as the Bank of England will surprise investors by keeping interest rates on hold in early May, according to a leading investment and commercial bank.
April 12,2023
GBP/EUR rallies continue to be frustrated by selling pressure that ultimately tends to dump the pair back into a well-trodden range.
April 6,2023
The British Pound's outlook remains upbeat in the near term although headwinds will likely ensure the prospect for substantial gains remains limited, according to one of Europe's largest commercial and investment banks.
April 4,2023
The Pound to Euro exchange rate has remained buoyant in upper half of its year-to-date range in recent trade but could find technical resistance levels in the 1.1387 to 1.1420 area continuing to frustrate its recovery in the week ahead.
April 11,2023
Goldman Sachs says it is turning more constructive on the Pound's prospects amidst a broadly improved domestic environment, but it is still too soon to get outright positive.
March 29,2023
EUR/GBP a sell this week says Crédit Agricole model, Equals Money notes GBP/EUR to be in an uptrend.
March 28,2023
April 11,2023
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