The Pound to Euro exchange rate rallied further to reach three month highs last week with the aid of a handicapped single currency but could struggle to advance further in the days ahead owing to uncertainty about the outcome of Thursday’s Bank of England (BoE) interest rate decision.

Wells Fargo confirms the Dollar will remain dominant over coming weeks, but strength should wane from the first quarter of 2023.

The Pound to Euro exchange rate has been contained within a narrow range and could remain so in the days ahead with trade spanning the gap between roughly 1.1705 and 1.1787 this week unless European inflation data surprises notably on the upside, or GDP to the downside, of expectations this Friday.

Foreign exchange strategists at Morgan Stanley have upgraded their stance on the British Pound to neutral.

The Pound to Euro exchange rate has retreated from near two month highs and could fall further toward 1.17 this week if all goes well for the European Central Bank (ECB) on Thursday but there’s also a flurry of UK economic data due out that could potentially incite Sterling into another climb above 1.18 beforehand.

The Pound to Euro exchange rate has recovered the 1.18 level with the help of a spiralling Euro and ousting of another Prime Minister from the Banana Republic of Westminster but the risk is that all of this has merely just scripted Sterling into a rerun of The Post-mortem Cat Show.

The Pound to Euro exchange rate shifted higher during the opening half of the week owing to large and widespread declines by the Euro, and the single currency is again likely to be instrumental in determining if Sterling ends the week back down around 1.1622 or further up near to the 1.18 handle. 

The Pound to Euro rate has been almost volatile during recent trading but could be likely to find itself confined within roughly a 1.1544 to 1.1695 range during the week ahead as Sterling and the Euro increasingly lack differentiation from one another.

"EUR/GBP has been trending steadily higher for over 20 years and should keep going up" - Soc Gen.

The British Pound has not reached a bottom according to new research from UK high-street lender and international investment bank Barclays.

The Pound to Euro exchange rate has drawn bids from the market when near or below the 1.16 handle and could be likely to remain supported above this level during the week ahead in which market focus will likely be on central bank speeches and economic data due from the Eurozone.

GBP will endure a steady trend of decline in value agains the Euro over the coming 12 months shows research from Wall Street bank Goldman Sachs.

The Pound to Euro exchange rate is eroding an important level of support on the charts and will face a battle to hold above the 1.16 handle this week unless a forthcoming flurry of UK economic data can dispel the market’s gloomy view on the outlook for Sterling.

The domestic highlight for the British Pound this week will be the release of inflation data on Wednesday although Friday's retail sales read will also be highly anticipated.

The Pound to Euro exchange rate was little changed following a volatile week last Friday and could continue to struggle for traction in the days ahead unless the Bank of England (BoE) surprises the market by adopting a more ‘hawkish’ interest rate stance in Thursday’s monetary policy decision.

The Pound to Euro rate enters the new week with its back against the ropes and the outlook for it hinged upon how the European Central Bank’s (ECB) handles its besiegement at the hands of hawkish financial markets this Thursday.

New research from Investec finds the "gloom in macro expectations for the UK may be overdone" and they forsee a recovery in the British Pound over coming months as a result.

The Pound to Euro exchange rate has drawn interest from dip buyers upon slippage below the 1.17 handle but could struggle to extend its nascent rebound by much above the 1.18 level in the week ahead, and will potentially spend its time trading within roughly a 1.1695 to 1.1838 range. 

The UK is the "poster child for stagflation" says investment bank JP Morgan as it announces "pretty deep cuts" to their British Pound forecasts.

The Pound to Euro rate has lifted off early May lows but could be likely to consolidate its recent gains within roughly a 1.1771 to 1.1867 range over the coming days due in part to the prospect of a further rebound by China's Renminbi, which would have positive implications for Sterling and the Euro.