Euro forecast - eur euro

Goldman Sachs has lowered its 6-month Euro to Dollar (EUR/USD) exchange rate forecast to 1.05 from 1.10 previously. Other investment banks expect a firm dollar, but consider that a EUR/USD slide to parity is less likely due to evidence of a recovery in the Euro-Zone economy. Although EUR/USD edged higher during the week it failed to...

ING forecasts the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024 as the Bank of England cuts interest rates more aggressively over the second half of 2024. Credit Agricole expects Euro-Zone manufacturing weakness will be crucial in hurting the Euro and GBP/EUR will strengthen to 1.19. GBP/EUR hit...

The British Pound Sterling recovered ground on Tuesday following firm data for the services sector while comments from Bank of England (BoE) chief economist Pill were more hawkish than expected. The Pound had come under strong pressure after markets sensed momentum towards an early cut in interest rates, but comments from Pill...

Foreign exchange strategists at Danske still expect the Pound to Euro (GBP/EUR) exchange rate will slide to 1.1240 in the next twelve months. In contrast, BNP Paribas expects GBP/EUR will strengthen to 1.2050 at the end of 2024. GBP/EUR retreated to 1-week lows just below 1.1670 during the week before settling just above this...

Foreign exchange analysts at ING no longer expect the Euro to Dollar (EUR/USD) exchange rate to trade above 1.10 this year. Barclays expects a 1.05-1.06 range over the next few months. Credit Agricole considers that some negatives are in the price of EUR/USD, but added; “we maintain our bearish outlook from here and now see a...

Pound Sterling Sinks after Dovish Bank of England Bailey Comments, GBP/EUR Exchange Rate Retreats to Below 1.1700 Overall interest rate expectations continue to drive major currencies. The bias on Thursday has been greater confidence in early Bank of England rate cuts, allied with some doubts whether the ECB will be as aggressive. In...

There was choppy Pound trading after Tuesday’s UK data, but the Pound to Euro exchange rate (GBP/EUR) secured a slight net advance to just above 1.1720. UK labour-market data was mixed with markets potentially waiting for Wednesday’s inflation data before taking a decisive view on the outlook for Bank of England (BoE)...

RBC Capital Markets forecasts that the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024, with UK fundamentals still fragile. In contrast, MUFG sees scope for further GBP/EUR gains, at least in the short term, due to a dovish ECB policy. GBP/EUR posted gains to 1.1725 after the ECB policy decision before...

Following this week’s developments, US Dollar bears have been forced into hibernation. ING has dropped its forecast that the Euro to Dollar (EUR/USD) exchange rate will trade above 1.10 this year. MUFG added; “We see further declines ahead.” EUR/USD posted sharp loses on the week as markets reassessed the outlook for US...

After failing to make a significant challenge on 1.1700 on Wednesday, the Pound to Euro (GBP/EUR) exchange rate dipped to just below 1.1670 before a fresh recovery to 1.1690 on Thursday. Solid UK housing data, hawkish MPC rhetoric and expectations that the ECB will signal a June rate cut have supported the Pound. Notably dovish ECB...