Pound to Euro Forecast: 1.1922 in Three Months

"We may now be entering a period of euro weakness, like what we saw in 2013-2015."

The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.

In the coming week, the Pound to Euro exchange rate could break to new multi-year highs or flop back below the 1.17 level again.

GBP/EUR can decline back to key support, but weakness to remain limited.

Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.

Pound Sterling enters a new week as the top-performing major currency for 2024, but this will be challenged if this week's busy economic calendar disappoints.

Pound Sterling's rise against the Euro can extend in the near term, according to several currency specialists we follow.

The Pound to Euro exchange rate made a solid start to 2024, having posted a 0.75% advance in the first week of the new year.

NatWest expects the British Pound to steadily advance against the Euro and Dollar until about the third quarter of 2024 before paring gains into year-end as the Bank of England takes a knife to interest rates.

The British Pound will fall to levels last seen against the Euro during the crisis sparked by former Prime Minister Liz Truss when she introduced her controversial budget in September 2022.

The British pound enters the new week with some positive technical momentum that leaves it looking constructive against both the Euro and Dollar, but the release of inflation figures midweek could challenge recent moves.

GBPEUR faces an action-packed week of data releases and central bank decisions, which will determine whether or not it can have a crack at the 2023 highs or is relegated back to the well-trod range of recent months.

The Bank of England will cut interest rates before the U.S. Federal Reserve and the European Central Bank, leading to a soft trajectory for the British Pound in 2024.

According to an investment bank analyst we follow, Pound Sterling can extend a recent advance against the Euro.

Pound Sterling enters the new week with the benefit of two solid consecutive weekly advances against the Euro, which confers a degree of momentum in a calendar-light week.

The British Pound can extend its recent recovery against the Euro, according to a senior strategist at one of Europe's largest banks.

The Pound to Euro exchange rate last week recorded its largest weekly gain since August and could be entering a new uptrend in a week that will be dominated by the release of Eurozone inflation data.

GBPEUR technical setup has broken down, key support level gives way, exposing sub-1.14.

The British Pound stays under pressure against the Euro as markets bet the UK will see interest rates fall sooner and further than those in the Eurozone in 2024, an assumption that is increasingly at odds with what the Bank of England is telling us.

GBP/EUR remains locked in a multi-week downtrend that must be respected; however, signs of emergent oversold conditions could combine with any positive UK data surprises to help a recovery over the coming days.