Currency Forecasts

Category: Weak Euro


Pound/Euro hits €1.13 on Brexit optimism and Euro weakness

Pound/Euro rates have risen today to €1.13, however the pair seems to be hitting resistance at this level. It’s politics driving the Sterling/Euro pair, with the Pound managing to make some gains due to the Brexit bill offer made by…

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China trade figures push GBP/EUR higher

Pound/Euro rates are up to €1.26 today, and the reason for this is weakness in the single currency. This morning we saw some very decent Chinese trade data, and this indicates that their economy may finally be stabilising. This has…

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Sterling/Euro remains near an 8 year high

Sterling/Euro rates remain supported due to weakness in the single currency, and despite a dip in the first part of this week, the pair remain around the €1.42 mark as the chart below shows. This is a great time to…

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Pound rises to €1.35 – a 7 year high vs the Euro

Tuesday 10th February 2015Since my post a week ago, as you can see below, the exchange rate has recovered and risen back to its 7 year high of €1.35.  As we will see in a moment, there are several factors…

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Weekly GBP/EUR & GBP/USD Outlook Forecast

In this week’s Report: • EU bank stress tests weaken the Euro, pushing GBP/EUR rates to 1 month high• Talk of US QE weakens USD, causing GBP/USD to rise• Weak UK data keeps Sterling’s gains limited despite this• Round up…

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