Pound-Euro Week Ahead Forecast: Consolidating Below 1.13 after Recovery Rally Scuppered
- Written by James Skinner
Pound Sterling-Euro Exchange Rate: |
1.1263 (0.14%) ![]() |
Euro-Pound Sterling Exchange Rate: |
0.8879 ![]() |
The Pound-to-Euro exchange rate attempted to rally above an important resistance level on the charts last week but was scuppered by Euro strength and last minute weakness in Sterling, which may now have condemned the pair to a period of consolidation…
Live GBP/EUR Exchange Rate: | 1.1263 |
Daily Change: | 0.1423% |
Opening Rate: | 1.1247 |
Today's Low: | 1.1241 |
Today's High: | 1.1264 |
Low of the Past Year: | 1.0604 (19-03-2020) |
High of the Past Year : | 1.2073 (19-02-2020) |
A sell-off in the British Pound ahead of the weekend accelerated on the release of data that showed the UK economy suffered a significant slump in January.
Read more ...Pound Sterling is softer in mid-week thanks to a lack of fundamental drivers which has left markets more prone to technical considerations than has been the case of late.
Read more ...The Pound-to-Euro exchange rate will go higher, in part owing to the UK's rapid vaccine rollout, according to a leading foreign exchange analyst.
Read more ...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.
Read more ...The British Pound has arrived at a critical juncture in its recovery against the Euro, with the exchange rate hitting its head on a resistance level that has frustrated advances since June.
Read more ...The Pound-to-Euro exchange rate has rallied in recent days and counts as one of Sterling's most noteworthy successes, although with the single currency now stalling in its advance against the Dollar, new highs could be in store for the British unit over the coming weeks.
Read more ...Demand for UK assets could be driving a more sustainable appreciation in the value of the British Pound according to two foreign exchange analysts we follow, which if true could suggest a bottom in some key exchange rates have been put in.
Read more ...