Currency Converter

Currency Converter



Tuesday, May 14, 2024

Pound Sterling: Downbeat OECD Outlook Undermines GBP, EUR Below 1.17

The Pound to Euro exchange rate (GBP/EUR) dipped to lows near 1.1680 in early Europe on Thursday before a recovery to near 1.1700. The Pound was undermined by a downbeat...

* This article was originally published here

Saturday, May 11, 2024

Pound to Euro Forecast For Week Ahead: Where Next for GBP/EUR?

ING forecasts the Pound to Euro exchange rate (GBP/EUR) will weaken to 1.1365 at the end of 2024 as the Bank of England cuts interest rates more aggressively over the second...

* This article was originally published here

Friday, May 10, 2024

Pound to Euro Rate Consolidates Above 1-Week Lows Ahead of BoE

The Pound to Euro exchange rate (GBP/EUR) dipped to 1-week lows just below 1.1650 on Friday before a tentative recovery to 1.1665. Growth...

* This article was originally published here

Sunday, May 5, 2024

Sterling Recovery Continues, Pound to Dollar Rate Above 1.25

Although the US Dollar has posted 34-year highs against the Japanese Yen, the US currency has not been able to sustain the advance against European currencies. The...

* This article was originally published here

Thursday, May 2, 2024

April 2024 in Figures

In April, 10-year sovereign debt yields rose roughly as much, and in the U.S. case more, than in the whole first quarter. Central bank short-term interest rates were not changed in any of the central banks featured in the table below but fell by 20 percentage points in Argentina, 200 basis points in Kyrgyzstan, 100 […]

* This article was originally published here

Wednesday, May 1, 2024

Pound to Euro Week Ahead Forecast: 1.1240-1.2050 12-Month Ranges

Foreign exchange strategists at Danske still expect the Pound to Euro (GBP/EUR) exchange rate will slide to 1.1240 in the next twelve months. In contrast, BNP Paribas...

* This article was originally published here

Tuesday, April 30, 2024

Pound to Dollar Week Ahead Forecast: Seasonal Trends in April to Support Sterling

Foreign exchange strategists at Nordea expect that the Pound to Dollar exchange rate (GBP/USD) will secure a limited advance to 1.29 at the end of 2024. MUFG and...

* This article was originally published here

Friday, April 26, 2024

Investors Reacting to Several Different Factors

The International Monetary Fund gave a thumbs down to the growing consideration by Japanese officials of implementing currency market operations to blunt yen weakness. Japan’s currency is hovering at its weakest levels against the dollar since 1990, and Japanese CPI inflation has exceeded the 2.0% central bank target since April 2022. Nonetheless, the IMF warns […]

* This article was originally published here

Thursday, April 25, 2024

Spotlight on Middle East Tensions and Fed Policy Intentions

As promised, Israel responded to Iran’s prior missile attack, but the retaliation thus far has been tempered — just a few drone attacks against an Iranian military base near Isfahan that were shot down. Damages were light, and neither Israeli nor Iranian media are fanning the incident, which provoked initial financial confusion that helped depress […]

* This article was originally published here

Monday, April 22, 2024

Pound to Dollar: Sticky UK Services Inflation Boosts Sterling Exchange Rates

The Pound to Dollar (GBP/USD) exchange rate dipped further to 5-month lows just above 1.2400 on Tuesday before a recovery to 1.2470 after the latest UK data....

* This article was originally published here

Thursday, April 18, 2024

Euro US Dollar Exchange Rate Forecast to Recover to 1.10: Nomura

Following this week̢۪s developments, US Dollar bears have been forced into hibernation. ING has dropped its forecast that the Euro to Dollar (EUR/USD) exchange rate...

* This article was originally published here

Wednesday, April 17, 2024

Euro US Dollar Exchange Rate Forecast to Hit 1.10 in Six Months: Goldman Sachs

Foreign exchange analysts at Danske Bank see scope for the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.10 on a 2-month view, but forecasts a fresh...

* This article was originally published here

Monday, April 15, 2024

Pound to Euro Exchange Rate Close to One-Week Lows as UK/Euro-Zone Performance Gap Narrows

The Pound to Euro (GBP/EUR) exchange rate dipped to 1-week lows near 1.1650 on Wednesday before a tentative recovery and was held below 1.1660 on Thursday. The latest...

* This article was originally published here

Saturday, April 13, 2024

Why Pound Sterling Should Rise in April and then Fall in May

The Pound to Dollar exchange rate (GBP/USD)was unable to make any headway into the New York open, but received a significant boost after weaker-than-expected US...

* This article was originally published here