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The Pound to Euro exchange rate has succumbed to souring market sentiment toward Sterling in recent weeks but it could fall further, according to downgraded forecasts from Goldman Sachs, which envisage a steady slide back to levels not seen since January 2021 over the coming year.
May 4,2022
The Pound to Euro rate climbed from near April lows last week and may attempt to extend its recovery over the coming days but it would likely take a significant 'hawkish' surprise from the Bank of England for it to avoid succumbing to the implications of any gloomier set of BoE economic forecasts this Thursday.
May 3,2022
The coming week promises further losses for the British Pound unless the Bank of England announces a bigger than expected interest rate rise on Thursday.
April 29,2022
EU gas supplies squeezed further, puts EUR under pressure as economists warn of Eurozone stagflation and rising potential for economic recession.
April 29,2022
If the uptrend is still alive - as per Credit Suisse's research findings - this 2022 high can yet be retested and even broken.
April 28,2022
The Pound to Euro rate was dealt a setback last week as Sterling sustained widespread losses and the European single currency staged a short-lived rebound, although signs of a souring UK economic outlook could mean it’s set to remain subdued with limited prospects for recovery over the coming days.
April 25,2022
Euro exchange rates are unlikely to reap any lasting gains on the back of news Emmanuel Macron was reelected president of France on Sunday according to an analyst.
April 25,2022
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