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The Pound to Euro exchange rate unravelled to one month lows in turbulent trading for Sterling last week but had recovered its footing near an important layer of support on the charts ahead of the weekend and could now attempt to establish a firmer foothoold above roughly the 1.1757 level in the days ahead.
August 22,2022
The latest developments in Eurozone energy markets maintain a case for further Euro downside, say analysts.
August 16,2022
The Pound to Euro exchange rate has hugged its short, medium and long-term averages in recent trade and although this could continue in the days ahead, there is uncertainty over how it would respond to any up or down surprises in July’s inflation numbers due from the UK on Wednesday.
August 15,2022
GBP/EUR has been under pressure for a number of days now and analysts tell us the near-term picture should see further downside, although a more protracted decline still remains unlikely.
August 10,2022
The Pound to Euro exchange rate was stifled last week when the Bank of England (BoE) spooked the market with steep downgrades to its economic forecasts, forcing Sterling onto the back foot and leaving it at risk of slipping into a cluster of technical support levels around 1.18 in the days ahead.
August 8,2022
The Bank of England will do enough today to keep GBP/EUR buoyant, says ING Bank.
August 4,2022
Significant hike to GBP/EUR forecasts at Goldman Sachs, as EUR set to be weighed by energy crunch.
August 3,2022
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