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.
May 31,2022
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.
May 30,2022
The UK is the "poster child for stagflation" says investment bank JP Morgan as it announces "pretty deep cuts" to their British Pound forecasts.
May 30,2022
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.
May 23,2022
"Should that narrative persist and lead the BoE to raise rates by less than what forwards anticipate... the currency could weaken more than our forecasts imply" - Barclays.
May 18,2022
The Bank of England is close to ending its interest rate hiking cycle and this will leave Pound Sterling vulnerable to further losses against the Dollar and Euro, according to one investment bank.
May 17,2022
The Pound to Euro rate ended last week with a sharp rally from seven month lows but it could be likely to stall around the nearby 1.1827 level this week in which parliamentary testimonies from Bank of England (BoE) policymakers and a deluge of UK economic data are the highlights for Sterling.
May 16,2022
ING raise EUR/GBP forecasts, MUFG hold tactical buy on EUR/GBP and Crédit Agricole says EUR to benefit from ECB policy shift.
May 11,2022
Investment bank Goldmans Sachs have raised their target on a trade betting the Euro will rise further in value against the British Pound.
May 10,2022
The Pound to Euro exchange rate has been hobbled alongside most other Sterling pairs but enters the new week couched in a pocket of important technical support levels on the charts and at a depth that creates opportunity for shortsighted dip buyers ahead of Thursday’s first-quarter GDP report.
May 9,2022
"The narrative is so powerful at the moment it is hard to see sterling recovering much ground" - JP Morgan.
May 16,2022
The Pound to Euro exchange rate has succumbed to souring market sentiment toward Sterling in recent weeks but it could fall further, according to downgraded forecasts from Goldman Sachs, which envisage a steady slide back to levels not seen since January 2021 over the coming year.
May 4,2022
The Pound to Euro rate climbed from near April lows last week and may attempt to extend its recovery over the coming days but it would likely take a significant 'hawkish' surprise from the Bank of England for it to avoid succumbing to the implications of any gloomier set of BoE economic forecasts this Thursday.
May 3,2022
Analysts at ABN AMRO have said they are slashing their forecasts for the British Pound on the belief the Bank of England is nearly done with rate hikes.
May 3,2022
The coming week promises further losses for the British Pound unless the Bank of England announces a bigger than expected interest rate rise on Thursday.
April 29,2022
If the uptrend is still alive - as per Credit Suisse's research findings - this 2022 high can yet be retested and even broken.
April 28,2022
The Pound to Euro rate was dealt a setback last week as Sterling sustained widespread losses and the European single currency staged a short-lived rebound, although signs of a souring UK economic outlook could mean it’s set to remain subdued with limited prospects for recovery over the coming days.
April 25,2022
Saxo Bank says the bashing received by Pound Sterling last week leaves it ready to turn tail against the Euro and head lower over coming days.
April 25,2022
The British Pound's gains against the Euro are now 'in the bag' according to new research from a major Scandinavian lender and investment bank.
April 25,2022
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