Currency Converter

Currency Converter



Wednesday, February 28, 2024

Bank of America: Pound Sterling Forecasts Raised Sharply Against Euro

Bank of America (BoA) has significantly increased its Pound to Euro exchange rate (GBP/EUR) forecast for the end of 2024 to 1.1905 from 1.1365 and adjusted the end-2025...

* This article was originally published here

Friday, February 23, 2024

Pound to Euro Exchange Rate: Best in Five Months to Continue?

The Pound Euro (GBP/EUR) exchange rate posted gains after stronger-than-expected UK labour-market data with lower unemployment and evidence of sticky wages...

* This article was originally published here

Thursday, February 22, 2024

Boost to UK Government Finances Ahead of the Budget, Pound Recovers Against Euro

The Pound to Euro exchange rate (GBP/EUR) dipped to 4-week lows just below 1.1660 on Tuesday before a tentative recovery to 1.1680. Global central bank interest rate...

* This article was originally published here

Monday, February 19, 2024

Pound to Euro Rate: Creeps Above 1.1700 on UK Growth Hopes

The Pound to Euro (GBP/EUR) exchange rate found support close to 1.1675 on Friday and settled below the 1.1700 level. Narrow ranges prevailed on Monday with US markets...

* This article was originally published here

Sunday, February 18, 2024

Pound to Euro: Buyers See Retreat Near 1.17 Ahead of UK GDP

The Pound to Euro (GBP/EUR) exchange rate retreated sharply from 5-month highs of 1.1760 after the latest UK inflation data and retreated further to near 1.1700 after Bank...

* This article was originally published here

Friday, February 16, 2024

Euro to Dollar Forecast 2024: Retreat to 1.05, Rebound to 1.15 by 2025?

Currency analysts at SocGen sees a risk that the Euro to Dollar exchange rate (EUR/USD) will slide to 1.05 if expectations of US Federal Reserve rate cuts are scaled back...

* This article was originally published here

Thursday, February 15, 2024

Pound to Euro Week Ahead Forecast: 1.17 for Now, 1.1495-1.2050 Long-Term

Foreign currency experts at Goldman Sachs expect that the Pound-Euro exchange rate will strengthen to 1.2050 at the end of 2024 before a limited correction to 1.1765 at the...

* This article was originally published here

Saturday, February 10, 2024

Pound to Euro: Sterling Dips Below 1.1700 Ahead of Weekend

The pound-to-euro (GBP/EUR) exchange rate dipped to lows at 1.1685 ahead of Thursday̢۪s Bank of England (BoE) policy meeting. The BoE vote split and guidance were less...

* This article was originally published here

Friday, February 9, 2024

A Pause in the Action

While equities in China (+1.3%), Japan (+2.1%), France (+0.6% so far), Italy (+0.6%), Spain (+0.5%) and Germany (+0.4%) followed yesterday’s upbeat U.S. example, U.S. futures have paused on technical considerations. China’s gain equated to a loss for Hong Kong today of 1.3% and India of 1.0%. Pakistan’s election today has been marred by outbreaks of […]

* This article was originally published here

Tuesday, February 6, 2024

Pound to Dollar Outlook: GBP Dips Below 1.27 on USD Strength

The Pound to Dollar (GBP/USD) exchange rate dipped to lows below 1.2670 before stabilising. Market conditions were subdued on Monday, especially with no data...

* This article was originally published here

Friday, February 2, 2024

Pound to Euro FX Outlook: The key GBPEUR level to watch is 1.1765

The Pound to Euro exchange rate dipped sharply to lows at 1.1670 on Tuesday after slightly better-than-expected Euro-Zone data, but traded back above 1.1700 on...

* This article was originally published here

Thursday, February 1, 2024

A Change in Risk Balance Between Fed’s Twin Goals But Not Enough So to Lock and Load a Near-Term Rate Cut Just Yet

The first critical modification in today’s FOMC statement declares  The Committee judges that the risks to achieving its employment and inflation goals are moving into better balance. That’s a new idea. Fed monetary policy is guided by twin mandates that occasionally cannot be addressed simultaneously. The Fed is coming off such a period when price […]

* This article was originally published here