MENU

Pound Sterling, Euro and Dollar Today: UK Inflation + Federal Reserve in Focus

Pound Sterling, Euro and Dollar Today: UK Inflation + Federal Reserve in Focus


The British Pound advanced against the Euro, Dollar and other major currencies mid-week following the release of hotter-than-expected UK inflation numbers, but the key focus for FX markets remains tonight's Federal Reserve event which could trigger more durable moves.


Cryptocurrency Live Prices in Pounds, Euros and Dollars

Currency Change 24h Price (GBP) Price (EUR) Price (USD)
Dogecoin DOGE -0.33%

Dogecoin price in Pounds

0.2238 View Data

Dogecoin price in Euros

0.261 View Data

Dogecoin price in Dollars

0.3132 View Data
Buy Now
Bitcoin BTC -2.1%

Bitcoin price in Pounds

27770.1658 View Data

Bitcoin price in Euros

32383.9 View Data

Bitcoin price in Dollars

38863.5946 View Data
Buy Now
Ethereum ETH -2.85%

Ethereum price in Pounds

1734.5174 View Data

Ethereum price in Euros

2022.69 View Data

Ethereum price in Dollars

2427.41 View Data
Buy Now
Tether USDT +1.09%

Tether price in Pounds

0.7153 View Data

Tether price in Euros

0.8341 View Data

Tether price in Dollars

1.001 View Data
Buy Now
Ripple XRP +0.63%

Ripple price in Pounds

0.6135 View Data

Ripple price in Euros

0.7154 View Data

Ripple price in Dollars

0.8586 View Data
Buy Now
Litecoin LTC -0.57%

Litecoin price in Pounds

121.9579 View Data

Litecoin price in Euros

142.22 View Data

Litecoin price in Dollars

170.6768 View Data
Buy Now
Cardano ADA -0.16%

Cardano price in Pounds

1.0903 View Data

Cardano price in Euros

1.2714 View Data

Cardano price in Dollars

1.5258 View Data
Buy Now
Polkadot DOT -0.08%

Polkadot price in Pounds

16.8595 View Data

Polkadot price in Euros

19.6605 View Data

Polkadot price in Dollars

23.5944 View Data
Buy Now
Enjin ENJ +7.05%

Enjin price in Pounds

1.0392 View Data

Enjin price in Euros

1.2118 View Data

Enjin price in Dollars

1.4543 View Data
Buy Now
Bitcoin Cash BCH -0.1%

Bitcoin Cash price in Pounds

438.0177 View Data

Bitcoin Cash price in Euros

510.79 View Data

Bitcoin Cash price in Dollars

612.994 View Data
Buy Now
Stellar XLM -0.45%

Stellar price in Pounds

0.2321 View Data

Stellar price in Euros

0.2707 View Data

Stellar price in Dollars

0.3249 View Data
Buy Now
Chainlink LINK -0.27%

Chainlink price in Pounds

17.1217 View Data

Chainlink price in Euros

19.9663 View Data

Chainlink price in Dollars

23.9613 View Data
Buy Now
Aave AAVE -1.6%

Aave price in Pounds

213.5803 View Data

Aave price in Euros

249.0646 View Data

Aave price in Dollars

298.8999 View Data
Buy Now


Pound Sterling Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More GBP Pairs

Click for EUR | USD | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


Euro Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More EUR Pairs

Click for EUR | USD | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


U.S. Dollar Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More USD Pairs

Click for GBP | EUR | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


Effective Exchange Rates

'Definitive' Pound to Euro Forecast for 1, 3, 6 Months and 2017

Institutional forecasts for the pound against the euro

The biggest poll of foreign exchange analysts conducted by Reuters has been released and we have a clearer insight into the pound’s likely direction against the US dollar going forward.

In March we reported that the majority of investment banks and institutional analysts were forecasting the pound to trade around the 1.29 marker against the euro in April ahead of an eventual recovery into the 1.30’s.

The latest polling data from Reuters shows the median forecast for the month ahead now lies at 1.2657, a little higher than where the spot exchange rate is located today.

The results come as the British pound continues to experience downside pressures with the GBP/EUR pair averaging 1.3267 in January, 1.2890 in February and 1.2806 in March.

Of course, predicting currency movements is not easy with forecasts from major financial institutions for the GBP/EUR rate varying dramatically.

Forecasts are useful tools for providing an estimate of where exchange rates might end up, all else being equal. In reality, however, forecasts can vary among financial institutions, and new and existing external events have the power to change the course of a currency’s performance,” says Smart Currency Business in a note on the latest polls.

The lowest level forecast for one month’s time is 1.1738 and the highest being 1.3333.

That is why the median forecast of 1.2657 is important - it flattens out the noise and gives a greater degree of accuracy based on an assumption ‘the crowd knows best.’

The three month ahead median forecast lies at 1.2992, this rises to 1.3337 in six months and in a year’s time the rate is forecast at 1.3596.

pound to euro month ahead and 2017 GBP to EUR forecasts

However, it is the Reuters Smart Estimate which is arguably more useful to us as it creates a forecast by placing a greater weighting on the forecasts delivered by researchers who have an history of accuracy.

The Smart Estimate forecast for one month is 1.2550, 1.2918 in three months, 1.3233 in six months and 1.3654 in a year.

Even this is no guarantee however. To compare, the January Reuters Smart Estimate forecast suggested a GBP/EUR rate of £1/€1.4100 in three months’ time, around the end of March.

The GBP/EUR mid-market rate on 31st March 2016 was £1/€1.2626.

“This means a variance of over £80,000 for every €1 million changed to sterling,” say Smart Currency Business.

Analysts at the brokerage urge those with outstanding transactions to ensure they have a suitable hedging strategy in place to minimise any losses that could be incurred by being exposed to fluctuating currency exchange rates.

A Recovery Ahead

The underlying messages we take away is this:

1) The prospect of any significant downside is limited, this being at odds to warnings of 1.17 being reached, and even parity.

2) A recovery will take place through the end of the year.

No doubt this reflects the view that the UK will vote to stay in the EU at the June 23rd referendum.

However, Smart Currency warn that a strengthening Eurozone could see the euro being increasingly resistant to decline against the British pound in months ahead.

The euro has been enjoying relative strength against a weaker sterling and US dollar at
the start of April.

“Should this trend continue into this quarter, Eurozone businesses trading abroad could see their export competitiveness diminish. It is possible that the ECB may continue to push policies to weaken the euro, in order to boost Eurozone export competitiveness,” say Smart Currency.