Week Ahead Pound-to-Euro Exchange Rate

The Pound-to-Euro exchange rate slipped by a fraction last week in price action that may belie the true extent to which 'no deal' Brexit risk has risen, but with a boy who cried wolf so many times before still in 10 Downing Street, investor indecision may now ensure Sterling remains range-bound over the coming days.

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The Pound-to-Euro exchange rate is in recovery mode and could be on the cusp of a Brexit-inspired breakout from its recent range, but will have to overcome technical resistance and contend with deteriorating risk appetite this week.

The Pound-to-Euro exchange rate is consolidating near lows established at the height of coronavirus panic in March, pending a Brexit-induced breakout in either direction, although an absence of progress in the trade negotiations could pull Sterling back toward the bottom of that range this week. 

The Pound-to-Euro exchange rate is consolidating pending the outcome of the Brexit trade talks, which are still a risk to Sterling although it's government hysteria over rising coronavirus infections and its threat of a new ‘lockdown’ that threaten to the pull the rug from under the British currency this week. 

The Pound-to-Euro exchange rate could look to stabilise while balanced on a knife-edge over the coming days after its worst week since March, although the British currency has sustained technical damage on the charts and there’s a risk that it suffers more punishing losses before any meaningful recovery.

The Pound-to-Euro exchange rate closed little changed for the week on Friday but may suffer a setback in the coming days as Brexit trade talks, GDP data and wobbly investor risk appetite dominate the agenda, although European Central Bank currency concerns could limit the downside for Sterling.  

The Pound-to-Euro exchange rates has carved out a technical bottom on the charts and could now have scope to extend its run higher in the week ahead, potentially reaching four month highs in another quiet week for economic data although lingering Brexit risks still muddy the medium-term waters.

The Pound-to-Euro exchange rate signed off with a soft finish to an otherwise strong week Friday but enjoys nearby technical support and could reclaim higher levels alongside the Dollar Index in the coming days, although a looming Federal Reserve speech is a potential banana skin for both. 

The Pound-to-Euro exchange rate has been tacking sideways in an effort to erode a multi-month downtrend but volatility could increase in the days ahead, which will see the Euro at risk in any renewed Turkish currency crisis while Sterling navigates a series of key economic reports.

The Pound-to-Euro exchange rate may have set itself up for a period of range-trading after its strongest weekly performance since March put the multi-month downtrend in danger, with Sterling having declined an invitation to return toward earlier lows. 

The Pound-to-Euro exchange rate decline appeared to peter out toward the weekend although the coming days could afford Sterling an upward correction if the rise in non-U.S. coronavirus cases is sufficient to compel a rebound in the U.S. Dollar, which hit near-two year lows last week. 

The Pound-to-Euro rate slumped last week as Sterling underperformed but it could be liable for further declines in the coming days because the technical backdrop on the charts has deteriorated and bearish sentiment is beginning to build around the British currency, leaving it in need of progress in the Brexit talks. 

The Pound-to-Euro exchange rate has corrected higher in July and coming week will determine if this move is simply a rebound from oversold levels or the beginning of a more protracted turn higher that endures for longer. 

The Pound-to-Euro exchange rate recovered sharply from near three-month lows last week and with the charts warning of a correction higher, it could look to stabilise over the coming days, although there are a number of potential pitfalls in the road ahead.

The Pound-to-Euro rate saw out a third week of declines Friday but risks further undperformance ahead as Brexit talks renew in a market that may be increasingly inhospitable for risk currencies. 

The Pound ceded ground to all major rivals last week but has been left resting on a major technical support level that could break its fall against the Euro over the coming days, although Sterling still risks underperformance more generally. 

The Pound-to-Euro rate returned to June lows last week but is tipped by multiple analysts remain under pressure in what ocould be a volatile week for both Sterling and the single currency. 

The technical outlook for Sterling has improved but much will depend on the outcome of cross-party Brexit talks due to conclude this week.

The British Pound is poised to move lower against the Euro over coming days, but momentum is expected to be weak and therefore any losses would likely be shallow. We will be watching the Bank of England interest rate decision and inflation forecast due out on Thursday for guidance.

The British Pound is flat at the start of the new week but political intrigue in Westminister is expected to start building as MPs return from their Easter break.