The Pound to Euro (GBP/EUR) exchange rate briefly dipped to 6-week lows just below 1.15 as UK politician uncertainty intensified, but has recovered to around 1.1550. Elevated UK yields have offered some Pound support and makes it expensive to short Sterling, but economic risks are also a key element.
The Pound to Euro (GBP/EUR) exchange rate came under notable pressure last week and dipped to 6-week lows near 1.1450 before a recovery to near 1.15 amid short covering and a jump in volatility. ING maintains a bearish overall stance on the Pound and forecasts that GBP/EUR will weaken to 1.1240 on a 12-month view.
The Pound to Euro (GBP/EUR) exchange rate briefly dipped to 3-week lows just below 1.1500 early this week before consolidating around 1.1540. Following a series of very poor election results last week, the Pound dipped amid expectations of a challenge to Prime Minister Starmer.
After sliding to 4-week lows below 1.1450 last week, the Pound to Euro (GBP/EUR) exchange rate has rallied to near 1.15 following the announcement of a 2-week cease-fire between the US and Iran. Nomura is still backing a slide to 1.1170 amid a shift in underlying yield spreads away from the Pound.
The Pound to Euro (GBP/EUR) exchange rate tested the 1.1600 area in March, but failed to break through and has dipped to 4-week lows below 1.1450 amid a slide in risk appetite. Energy prices and risk trends have dominated with a jump in UK yields while markets are anxiously waiting for evidence on the economic impact.
The Pound to Euro (GBP/EUR) exchange rate dipped to 4-week lows below 1.1450 on Monday before attempting to stabilise. Rabobank considers that the UK economy is vulnerable and there are also important fiscal risks which will represent an important test of investor confidence in UK assets.
The Pound to Euro (GBP/EUR) exchange rate has consolidated around 1.1550 with solid resistance close to the 1.1600 area, but buying on dips towards 1.15. Barclays sees downside Pound risks in the short term with a June 2026 GBP/EUR forecast of 1.1360, but it expects a recovery to 1.1630 by the end of the year.
The Pound to Euro (GBP/EUR) exchange rate has consolidated around 1.1560 after hitting resistance close to 1.16 with moves relatively contained despite very high overall volatility associated with the Iran war. Danske Bank notes a mixed outlook for the Pound, especially with major uncertainty surrounding Middle East developments but,.
The Pound to Euro (GBP/EUr) exchange rate has been broadly resilient during the Iran war and is currently trading around 1.1565 after hitting tough resistance close to 1.16. RBC Capital Markets expects that the conflicting forces of carry trades and risk conditions will be a key underlying factor.
After trading below 1.14 in late February, the Pound to Euro (GBP/EUR) exchange rate has been notably resilient and has tested the key 1.16 level before trading around 1.1570. ING expects that the Pound will be subjected to renewed selling over the medium term and forecasts that GBP/EUR will slide to 1.11 on a 12-month view.
GBP/EUR year-ahead forecast: Median, range and upside/downside risks based on projections from 20+ investment banks and FX analysts.View forecasts The Pound to Euro (GBP/EUR) exchange rate is currently trading just below the 1.1500 level after hitting selling interest above this level. ING notes that the Pound has been notably.
GBP/EUR year-ahead forecast: Median, range and upside/downside risks based on projections from 20+ investment banks and FX analysts.View forecasts The Pound to Euro (GBP/EUR) exchange rate is trading higher, with Sterling steadied by shifting rate expectations as investors weigh the UK fiscal outlook against an unsettled global... Exchange Rates UK - Exchange Rates and Foreign Exchange