Week Ahead Pound-to-Euro Exchange Rate

Sterling could recover lost ground this week if prevailing rates around 1.15 succeed in drawing bargain hunters from the woodwork.

The Pound-to-Euro exchange rate reached new one year highs above 1.18 to open the new week and was close to the middle of a 1.17-to-1.20 trading range that could be set to define price action for Sterling during the weeks ahead.

The Pound-to-Euro exchange rate reached a new two-year high last week and may be likely to establish a more durable foothold above 1.17 over the coming days as divergence between the UK and Eurozone economies remains top of mind among investors. 

The Pound-to-Euro exchange rate is well supported on the charts and likely has scope to reach 1.18 over the coming weeks but must first navigate a deluge of economic data and speeches from Bank of England (BoE) rate setters.

The Pound-to-Euro exchange rate ended the week on its back foot amid further turbulence in the American bond market but kept a toehold on the doorstep of 1.17 and may overcome that on route to new highs this week, as the diverging policy stance of the Bank of England (BoE) vindicates Sterling's rally. 

The Pound-to-Euro exchange rate has remained ascendant and on course to reclaim the 1.17 handle despite widespread volatility in global markets and could be aided over the coming days by a possible stabilisation of risk assets and supportive rhetoric from the Bank of England (BoE)and European Central Bank (ECB). 

The Pound-to-Euro exchange rate was resilient as the risk assets hit a global bond market speed bump that unsettled investors following Sterling’s barnstorming rally to one-year highs, which will be back in prospect this week as the dust settles and domestic focus turns to Chancellor Rishi Sunak’s budget.

The Pound-to-Euro exchange rate took the market by storm having risen to nine-month highs last week but could continue steamrolling higher into month-end, leading to a test of 1.17 in the process, as the UK economic backdrop brightens and Sterling proves popular among central bank reserve managers. 

Pound Sterling extended its 2021 lead over a range of currencies including the Euro last week but could continue to confound market expectations over the coming days, as it plays an integral role in a broader uplift of European currencies, with nine-month highs above 1.15 now in the pipeline. 

The Pound-to-Euro exchange rate extended its tentative 2021 advance last week and could rise further in the coming days, breaking above resistance on the charts and opening the door to fresh milestone highs, as Sterling enjoys fundamental tailwinds while the Euro is handicapped by homegrown vulnerabilities. 

The Pound-to-Euro exchange rate closed Friday with its first intraday decline for seven and may be susceptible to a further losses early in the new week, although it benefits from nearby technical support and fundamental tailwinds like an elevated trade-weighted Euro and faster coronavirus vaccinations in the UK.

Pound Sterling has pared earlier declines against the Euro and may draw support in the coming week from an acceleration of Britain's coronavirus vaccination programme, although international factors and Bank of England (BoE) monetary policy may also be important themes.

The Pound-to-Euro exchange rate is on course to end the year at six-month highs around 1.13 as the House of Commons gives an in-principle approval to Britain's Brexit deal, which will birth a new era in UK-European relations while also carving out a permanent place for Brexit-related matters in domestic politics.

The Pound-to-Euro exchange rate enters the new week susceptible to further losses that could quickly take it back to multi-month lows as a new strain of coronavirus draws its first blood from the economy and an ongoing Brexit stage drama leads the clock to run down in the negotiations. 

The Pound-to-Euro exchange rate faces a testing period of heightened volatility and political theatre in the weeks ahead as a likely-phoney war plays out between London and Brussels over a straw man in the Brexit negotiations. 

The Pound-to-Euro exchange rate was already troubled by an absence of progress in the Brexit trade negotiations last week but risks coming apart at the seams over the coming days following weekend reports suggesting that a 'no deal' exit could get a nod from the government this Monday. 

The Pound-to-Euro exchange rate fell to a November low last week as Sterling underperformed in the absence of progress in the Brexit negotiations but could see a pick-up in the coming days as the two sides edge toward a deal, which would give the Pound a clear path back to April and May highs at least. 

The Poun-to-Euro exchange rate has scope to edge up to six-month highs over the coming days as the Brexit talks continue in the background, although Sterling will be at risk of a setback early on in the new week due to a pending extension of coronavirus-related 'lockdown' restrictions. 

The Pound-to-Euro rate enters the new week near two-month highs ahead of an important Brexit deadline but with trade talks between the two sides still deadlocked while mixed messages emanate from the charts, the outlook is balanced on a knife edge.