The British pound enters the new week with some positive technical momentum that leaves it looking constructive against both the Euro and Dollar, but the release of inflation figures midweek could challenge recent moves.

GBPEUR faces an action-packed week of data releases and central bank decisions, which will determine whether or not it can have a crack at the 2023 highs or is relegated back to the well-trod range of recent months.

The Bank of England will cut interest rates before the U.S. Federal Reserve and the European Central Bank, leading to a soft trajectory for the British Pound in 2024.

According to an investment bank analyst we follow, Pound Sterling can extend a recent advance against the Euro.

Pound Sterling enters the new week with the benefit of two solid consecutive weekly advances against the Euro, which confers a degree of momentum in a calendar-light week.

The British Pound can extend its recent recovery against the Euro, according to a senior strategist at one of Europe's largest banks.

The Pound to Euro exchange rate last week recorded its largest weekly gain since August and could be entering a new uptrend in a week that will be dominated by the release of Eurozone inflation data.

GBPEUR technical setup has broken down, key support level gives way, exposing sub-1.14.

The British Pound stays under pressure against the Euro as markets bet the UK will see interest rates fall sooner and further than those in the Eurozone in 2024, an assumption that is increasingly at odds with what the Bank of England is telling us.

GBP/EUR remains locked in a multi-week downtrend that must be respected; however, signs of emergent oversold conditions could combine with any positive UK data surprises to help a recovery over the coming days.

The British Pound has risen against the Euro over recent days, but the advice from one leading Swiss bank is to temper any growing enthusiasm for an outright rally.

A solid ending to the previous week eases the likelihood of a significant break lower in the Pound to Euro exchange rate.

GBPEUR retains bearish setup near-term, but also well supported in the low 1.14s.

GBPEUR is destined for lower levels according to new research from a leading Scandinavian bank that envisages a world in which the Eurozone economy outperforms that of the UK.

GBPEUR nursing wounds following another weekly loss, but starting to look oversold says ING.

GBPEUR chart reveals pressures building, retest of 1.15 now back on cards.

The British Pound looks set to reboot its rally against the Euro and Dollar over the coming months according to analysis from Bank of America Merrill Lynch.

GBPEUR is supported as long as above €1.1490, €1.16 a tentative target.

The British Pound can recover against the Euro as Germany's economic growth outlook deteriorates, but further losses against the Dollar can be expected.

The British Pound is tipped to struggle against the Euro over the course of October as a hangover from a rough September extends, but weakness will likely remain limited as the Eurozone and UK economies are unlikely to diverge.