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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
The Pound to Euro exchange rate rallied further to reach three month highs last week with the aid of a handicapped single currency but could struggle to advance further in the days ahead owing to uncertainty about the outcome of Thursday’s Bank of England (BoE) interest rate decision.
August 1,2022
Euro exchange rates were higher on the final trading day of July, boosted by above-consensus inflation and GDP data.
August 2,2022
Surging EU gas prices are likely to keep the Euro under pressure say analysts who now fear a deep recession in the Eurozone over the coming winter.
August 2,2022
Fresh reports of restricted Russian gas supplies to Europe are heaping fresh pain on the Euro.
July 26,2022
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