Week Ahead Pound-to-Euro Exchange Rate

The GBP/EUR exchange rate will be trading at around 1.0980 at the start of the new week after rising a solid 2.00% in the week before and studies of the charts suggest there is mounting evidence to support a reversal in the short-term, however, longer-term this is debatable.

Pound Sterling buys €1.0924 at the start of the new week after fall 1.65% in the week before. Studies of the charts suggest the pair will probably go lower in the coming days as the dominant downtrend extends.

We are wary that weekend reports that suggest the UK government is doubling-down on preparations for a 'no deal' Brexit could send the currency lower when markets open.

The Pound-to-Euro rate is set to begin trading around 1.1143 at the beginning of the new week after retreading a familiar range throughout the previouos one, although studies of the charts suggest the pair is at an inflection point from which it could break in either direction. 

Technical and fundamental outlook for the British Pound against the Euro for the week commencing July 14.

Pound Sterling is trading at around €1.1138 at the start of the new week, after recoding its ninth consecutive weeks of declines in the week prior. Studies of the charts suggest the pair will probably go sideways over coming days but owing to the overriding negative trend it will come as little surprise to readers to hear that the risks remain skewed to the downside.

Pound Sterling is predicted to maintain its ongoing trend of weakness against the Euro in the first week of June.

The British Pound is forecast to remain under selling pressure against the Euro over the short- and medium-term timeframes with currency market attention likely to fixate on Boris Johnson's Brexit strategy.

It's a busy week ahead for the Sterling and Euro and therefore volatility could be elevated: Sterling has the Bank of England and Boris Johnson to consider while the ECB's Sintra conference could see the Euro hit with a surprise. Technicals however advocate for further losses in GBP/EUR.

The Pound-to-Euro rate is trading at around 1.1230 at the start of the new week, about half a percent lower than the previous week’s close. Studies of the charts suggest the exchange rate is set to continue its downtrend in the days ahead.

The British Pound remains caught in a downtrend against the Euro, and based on technical studies and the overarching political backdrop, we would expect downside pressures to remain in charge for the forseeable future.

The Pound heads higher against the Euro at the start of the week in a rebound which could extend over coming days with EU election results suggesting there has been no political earthquake in Europe.

From a technical perspective, the British Pound is in an established downtrend against the Euro which is expected to extend, but oversold conditions make us wary of a bounce.

The Pound-to-Euro rate entered the new week trading around 1.1571 at the start of the new week after closing a full one and a half percent lower than a week ago.

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.

Week ahead forecast for Pound Sterling against the Euro suggests upside impetus is fading while attention will turn back to the state of the UK and Eurozone economies as Brexit headlines fade.

A pivotal week for the British Pound lies ahead with the EU due to decide whether to offer the UK a long Brexit extension while an unlikely cross-party Brexit deal between the Labour and Conservative parties could finally put an end to a period of chronic uncertainty.

The Pound-to-Euro rate is set to begin trading at 1.1617 Sunday after having fallen around half a percent in the previous week, although the pair remains above its long-term range ceiling and studies of the charts suggest renewed gains this week cannot be ruled out.