Pound Sterling has endured two successive weeks of decline against the Euro, but the prospect of technical support around current levels and an expected synchronisation in Eurozone and UK rate cutting cycles will limit weakness.
March 25,2024
According to a new analysis from one of the UK's biggest banks, the prospect of a material move higher in the Pound to Euro exchange rate is looking increasingly remote.
March 19,2024
GBP/EUR is consolidating near the top of its range and another retest of the 1.1750 area is possible if this week's data surprises to the upside and the Bank of England repeats that it's too soon to consider cutting interest rates.
March 18,2024
Pound Sterling can go higher against the Euro, supported by fundamentals that include attractive valuations, an interest rate buffer, and upside risks from the upcoming general election.
March 15,2024
Pound Sterling's rise against the Euro can extend into the coming months and reach a peak comfortably above €1.20, supported by a strong carry advantage and a waning Brexit premium.
March 14,2024
March 11,2024
Selling the Euro against Pound Sterling still makes sense following Thursday's European Central Bank (ECB) policy update, according to strategists at MUFG Bank.
March 8,2024
An analyst at Société Générale says the Euro to Pound exchange rate's daily chart hints at a major reversal playing out.
March 5,2024
GBP/EUR could extend a recent weak patch into the first part of March, particularly if the UK budget is not well received midweek and the European Central Bank strikes a hawkish tone on Thursday.
March 4,2024
Pound Sterling edged lower against the Euro through the latter part of February, but we see ongoing resilience in March.
March 1,2024
Pound Sterling retains a constructive setup against the Euro, and further advances can be expected this week, but a strong Eurozone CPI print would likely boost the Euro.
February 26,2024
One of Wall Street's biggest banks has raised its forecasts for the British Pound, saying it can benefit from its newfound status of "the USD of Europe".
February 22,2024
February 19,2024
The Pound to Euro exchange rate remains well supported by an abundance of technical support levels, but it will take a blow-out set of UK economic data releases to deliver fresh 2024 highs in the coming week.
February 12,2024
The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.
February 5,2024
In the coming week, the Pound to Euro exchange rate could break to new multi-year highs or flop back below the 1.17 level again.
January 29,2024
Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.
January 18,2024
Pound Sterling enters a new week as the top-performing major currency for 2024, but this will be challenged if this week's busy economic calendar disappoints.
January 15,2024
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