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UK Pound to Euro Exchange Rate Predictions: Pennant on Chart Suggests Further Gains

UK Pound to Euro Exchange Rate Predictions: Pennant on Chart Suggests Further Gains


Since an initial leap higher, the conversion has been consolidating in a narrow range which has formed into what looks like a chart pattern called a pennant, as in the triangular flags which flew from medieval castle tops.  


Data:

Live British Pound to Euro Exchange Rate(GBP/EUR) Interbank Conversion:

What is the British Pound to Euro Rate Today?

The live GBP/EUR exchange rate is 1.1599
Change on Previous Day's Close -0.38%

How does Today’s Euro Rate Compare with Previous Rates?

Today’s opening exchange rate is 1.1642
Today’s lowest exchange rate is 1.1558
Today’s best exchange rate is 1.1673
Best exchange rate of the year-to-date is 1.3286 (2016-02-03)
The lowest exchange rate of the year-to-date is 1.094 (2016-10-11)

News and Forecasts:

EUR

UK Pound to Euro Exchange Rate Predictions: Pennant on Chart Suggests Further Gains

22 January, 2017 |

Since an initial leap higher, the conversion has been consolidating in a narrow range which has formed into what looks like a chart pattern called a pennant, as in the triangular flags which flew from medieval castle tops.  

EUR

Analysts Sceptical on Pound's Ability to Push Higher Longer-Term

20 January, 2017 |

Pound Sterling’s ride higher is a flight of fancy argue a number of institutional analysts.

EUR

Pound to Euro Exchange Rate Rate Forecast: 1.17 Next

18 January, 2017 |

The Pound rebounded strongly after Theresa May’s speech mentioned the involvement of Parliament in the process of Brexit.

EUR

ING: Euro to Strengthen Against Pound Sterling Today

18 January, 2017 |

Don’t be deceived by the British Pound’s recent strength warn analysts at ING.

EUR

Forecast Targets for Pound to Euro Rate Cut Despite Super Thursday Bounce

17 January, 2017 |

Analysts are responding to the new environment the Pound finds itself in now that the UK Government have clarified their position ahead of Brexit negotiations.

EUR

Euro to Pound X-Rate Outlook: 0.90 Now in Sight, May Could Shake the Market

16 January, 2017 |

The EUR/GBP exchange rate is rising in a strong short-term uptrend which is expected to continue.

EUR

Pound to Euro Rate Outlook: Risk for GBP to Squeeze Higher on May Speech

16 January, 2017 |

Pound Sterling has taken a beating against its foreign exchange market peers thus far in 2017, but nothing ever moves in a straight line in finance and we believe risks have increased that some strength lies ahead.

EUR

Pound Sterling Could Par the Euro and Dollar Warn Deutsche Forecasters

15 January, 2017 |

The British Pound was on offer at the start of the new week as the hard-Brexit story continues to be digested by foreign exchange markets.

EUR

Pound Expected to Retreat Further Against the Euro, PM May's Speech to Offer no Relief

13 January, 2017 |

David Sneddon, Managing Director of Global Strategy Technical Analysis at Credit Suisse gives his latest projections for the Pound to Euro exchange rate.

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