The Pound to Euro exchange rate has held above two-month lows and technical support offered by its 50-day moving average in recent trade, which could be set to underpin the pair again this week but with technical resistance also potentially found around 1.1639 in what is an economic data-heavy week. 

August 14,2023

Euro exchange rates are proving resilient in the face of a sudden increase in the price of European gas prices with some analysts saying the episode "is being over-played".

August 10,2023

Pound Sterling was under pressure through the midweek session amidst an ongoing bout for supremacy between the Dollar and Euro ahead of the UK's GDP release on Friday, but it will only be next week when traders get something to get their teeth stuck into.

August 10,2023

Goldman Sachs foreign exchange strategists say they are still Pound Sterling bulls, but they have lowered their forecasts for the Pound to Euro exchange rate in the wake of the Bank of England's August decision.

August 8,2023

The Pound to Euro exchange rate currently sits near the bottom of its medium-term equilibrium range, suggesting only limited scope for further losses in the short-term, though it could be most likely to trade in a narrow band covering the distance between roughly 1.1581 and 1.1622 this week if the author’s model is anything to go by. 

August 7,2023

The British Pound's retreat from July highs against the Euro and Dollar could slow from here with one analyst saying the Bank of England's August policy decision and guidance had enough 'hawkish' elements to limit the prospect of further downside.

August 4,2023

Euro to Pound Sterling exchange rate

The broader backdrop is one that favours Pound sterling over euro, given the relatively elevated interest rate environment in the UK compared to the Eurozone.

August 2,2023

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