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The Pound to Euro rate enters the new week with its back against the ropes and the outlook for it hinged upon how the European Central Bank’s (ECB) handles its besiegement at the hands of hawkish financial markets this Thursday.
June 6,2022
"For the euro to find additional support there would have to be increasing signs that the ECB is hiking rates more quickly and that it might even be considering 50bp steps"
June 2,2022
The Pound to Euro exchange rate has unwound all of the gains made since the earliest days of Russia’s invasion of Ukraine in recent weeks, leaving it trading at a discount to short-term fundamental factors and signals that led TD Securities to tip Sterling as a buy with a 1.2121 target this week.
May 31,2022
The Pound to Euro exchange rate has drawn interest from dip buyers upon slippage below the 1.17 handle but could struggle to extend its nascent rebound by much above the 1.18 level in the week ahead, and will potentially spend its time trading within roughly a 1.1695 to 1.1838 range.
May 30,2022
"The lack of GBP reaction to the government’s GBP15bn support package for households is revealing" - HSBC.
May 27,2022
According to analysts at Barclays the answer to the question of where the Euro heads next could actually be found in China.
May 26,2022
Euro exchange rates rose at the start of the new week after European Central Bank President Christine Lagarde cemented expectations for a July interest rate hike.
May 23,2022
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