Week Ahead Pound-to-Euro Exchange Rate

The Pound-to-Euro rate steadied last week but the technical outlook remains bearish on the charts and the fundamental pressure cooker that otherwise stains Sterling's prospects has gone into overdrive and threatens to produce big trouble in Little Britain during the days and weeks ahead.

The Pound-to-Euro rate closed its worst week since the height of panic over the coronavirus on Friday but could attempt to stabilise in the coming days as it nears support on the charts, although analyst commentary suggests this will only be a short-lived period respite ahead another big leg lower.

The Pound-Euro rate is roadblocked on the charts and vulnerable to a correction over a multi-week horizon, technical analysts say, and this week will also be guided by the market response to the government's lockdown exit plan and official data that will reveal the cost of the coronavirus for the economy in the first quarter.

The Pound-Euro rate could be vulnerable to further losses this week after a bearish Friday evening close although investor risk appetite, the Bank of England (BoE) and market response to any leaked details from the government's lockdown exit plan will set the trajectory of Sterling. 

The Pound-Euro rate is recovering its footing on the charts and may attempt to tentatively explore its upside potential over the coming days but a possible Doji candle on the weekly charts is a negative omen for the trend in the exchange rate and Brexit concerns are returning to haunt the British currency.  

The Pound-Euro rate rose by a grand total of thirteen points last week and is stalling on the charts just as the British currency risks becoming the 'sick man of Europe' again in a toxic combination of fundamentals and technicals that could put Sterling at financial crisis lows in the weeks ahead. 

The Pound-to-Euro rate gained half a percent last week but is now road-blocked by technical impediments on the charts that could tip it lower this week, although ongoing hope of a peak in the spread of coronavirus and a fractious European response to the crisis might limit the downside seen by Sterling.

The Pound-to-Euro rate extended its bounce off post-referendum lows last week, closing around one and a half percent higher for the period on Friday, and the charts suggest Sterling is now close to having risen as far as it's likely although improved risk appetite might continue to lift the British currency this week. 

The Pound-to-Euro rate closed its best week since September 2017 on Friday and the charts are flagging that period of consolidation is now likely, although the trajectory of the exchange rate will be determined more in the week ahead by investors' appetite for risk than it will anything else. 

The Pound-to-Euro rate rallied into the weekend and the charts suggest it could extend that corrective rebound over the coming days, although the technical winds are now against Sterling and the market verdict on the government's latest measures for dealing with the coronavirus is a risk to the currency this week.

The Pound-to-Euro rate closed its worst week since October 2016 on Friday after suffering a more-than 4% loss but it faces a pickup in volatility as national 'epidemic curves' rise and fall in the week ahead and ultimately, the risk of further Brexit-referendum-sized declines as the UK epidemic gathers pace. 

The Pound has suffered its fourth consecutive weekly loss to the Euro and fallen below a key technical support level on the charts in the process, undermining the multi-month uptrend in the Pound-to-Euro rate and exposing it to the risk of further declines up ahead. 

The Pound-to-Euro rate suffered its largest decline since the flash crash of October 2016 last week but further steep losses cannot be ruled out for the week ahead given a resilient performance from the Euro and an evolving coronavirus not-pandemic that could weigh disproportionately on Pound Sterling. 

The Pound has faltered in its uptrend against the Euro and now opens the new week in neutral territory on the charts as some strategists suggest the acrimonious tone of talks between the UK and EU could soon weigh heavier on Sterling. 

The Pound-to-Euro rate rose sharply last week as Sterling moved back into the black against the single currency for 2020 but exchange rate is nearing technical resistance on the charts and economic data is due to test appetite for the British currency in the coming days. 

The Pound has failed three times to reclaim a key technical level against the Euro and because of this downside risks are building, although those are added to this week by a volley of economic figures that's due to hit the market.

The Pound was the best performing major currency last week and is tipped by technical analysts to advance on the Euro over the coming days, although fundamental risks include a likely Monday collapse in Chinese stock markets and elevated British bond yields that might be due a correction. 

The Pound closed the Friday session having become the second best performing major currency of the week although there could be further gains in store for the coming days if studies of the charts and the market's evolving view on the Bank of England (BoE) outlook are anything to go by.

The Pound-to-Euro rate slipped last week as Sterling underperformed all major rivals, although the charts suggest a neutral outlook ahead of jobs and PMI data which are due over the coming days and are key to the outlook for the British currency. 

The was lower against all major currencies as markets closed Friday but it still ended the week a fraction higher against the Euro and remains above crucial support levels on the charts, although Sterling's resilience will be tested by several key pieces of economic data over the coming days.