Euro Forecast

The euro's selloff against the dollar has eased at a well-defined support line, opening the door to a recovery this week, but Pound Sterling Live sees any gains as temporary.

The British pound is probing 1.20 against the euro ahead of Thursday's Bank of England decision, and the trend remains firmly higher despite stretched conditions.

Sterling is closing in on the 1.20 ceiling that has capped it against the euro since 2016, with momentum, French sovereign risk and a diminishing UK risk premium arguing for a break.

The single currency sits on the cusp of fresh lows against the dollar, with a Swiss private bank now doubting its own call for a recovery.

Pound sterling is on the verge of printing a new multi-month best for euro buyers, with the budget being of little concern, yet.

The pound-to-euro rate trades more than 1.5 standard deviations above fair value, and a quantitative model at a French bank has triggered a short.

It's a big week for the euro and dollar, with a central bank decision apiece.

Pound sterling is set to settle lower against the euro this week, and the key risk is the midweek Budget.

Kudos to Bank of America's strategists who are rewarded for out-of-consensus view on pound sterling.

Sterling's rally against the euro has reached momentum extremes with no precedent since the financial crisis, and a market pricing a series of Bank of England hikes leaves it exposed to a repricing.

The British pound looks due a breather against the euro this week, and soft UK data could deepen any pullback.

Oversold signals are flashing, but analysts see no trigger that would end the single currency's slide.

A French lender sets out the political outcomes that would put the single currency back on the front foot.

French debt stress keeps the euro under pressure, though oversold conditions and positioning argue for a pause.

Sterling's overbought rally against the euro faces consolidation, with French debt stress deciding whether gains extend.

The single currency is oversold and has lost a key headwind, says a German lender's latest research.

French fiscal and political stress leaves sterling less exposed to a Budget sell-off, says Rabobank.

Euro buyers secured a one-year best in midweek trade, and further gains depend on France delivering new bad news.

The euro could fall through 1.10 if markets unwind the ECB rate increases they currently price.

The euro could recover against the pound and dollar if markets scale back the Fed increases they price.