The Pound to Euro exchange rate entered the New Year well supported near 1.13 but facing headwinds from a hawkish European Central Bank (ECB) and the prospect of an imminent decline in Euro area inflation that could lean against any attempted recovery by a currently-cheap Sterling up ahead.
January 3,2023
The Pound to Euro exchange rate has appeared to be finding a footing near the round number of 1.13 and some strategist commentary suggests this might be the result of speculative short-sellers booking profits on bets against Sterling with a view to reloading at better levels up ahead.
January 5,2023
The Euro remains on the front foot against the Pound and Dollar amidst further declines in European gas prices.
December 28,2022
The Pound to Euro exchange rate slipped to two-month lows in the penultimate session of the week and some analysts suspect it could be likely to remain suppressed around these kinds of levels over the coming weeks.
December 22,2022
Pound Sterling will lose "notable" value against the Euro says a new analysis from global investment bank MUFG, although other analysts say the UK currency can advance in value during 2023.
December 20,2022
The Pound to Euro exchange rate fell heavily last week and still faces numerous medium-term headwinds but could be likely to find its feet around 1.1450 over the coming days if risk reduction ahead of the forthcoming holiday period leads the speculative market to cut back bets against Sterling.
December 19,2022
The Pound to Euro exchange rate was trading at substantially reduced levels ahead of the weekend but could have further to fall if the TD Securities strategy team is on the money when looking for Sterling to slip lower to around 1.13 in the fortnight or so to come.
December 19,2022
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