Pound euro exchange rate surges higher; GBP/EUR at best levels in over a year, forecasters see more to come

For the past few sessions the pound euro exchange rate has been trading marginally above the 1.21 mark. However, with confidence continuing to build regarding the UK outlook, we could see the pound make a move towards 1.22.

Euro exchange rates (EUR) are enjoying a little relief today but the EUR is still within touching distance of a multi-month low against the US Dollar and a two-week low against the Pound. Forecasters are pricing in sustained weakness.

"The EUR/USD broke down below key support at 1.3550 late in Friday’s North American session, turning the longer-term bias to the downside." - GFT's euro forecast.

The euro to British pound sterling exchange rate (EUR/GBP) shot higher through the course of Friday's trading session thanks to some expectation-busting economic data; Sterling and has managed to hold these gains on Monday morning. Our assessment of the latest forecasts for the pairing continue to broadly favour Sterling.

The euro sterling exchange rate (EUR/GBP) has taken a knock following the release of economic sentiment data out of the Eurozone. Germany in particular missed the mark. The forecast continues to favour the pound sterling over the euro.

The pound to euro exchange rate is in the red on Thursday as a recent correction lower to the longer-term rally continues to play out.