“Thus, market pricing of GBP is complacent.”. This site uses cookies to track your site preferences and analyse traffic. GBP to USD forecast at the end of the month 1.241, the change for September -7.2%. The euro could see some support from its upcoming market data releases too as tomorrow will bring the German and Eurozone markit manufacturing data showing relatively unchanged but positive outcome of 52. TorFX NewsPZ360PenzanceCornwall TR18 4DZUnited Kingdom, Pound Sterling to Euro (GBP/EUR) Exchange Rate Up as UK Borrowing Revised Lower, Pound Euro (GBP/EUR) Exchange Rate Slides amid Prospect of Escalating Coronavirus Restrictions over the Next Six Months, GBP/EUR Recovery Curtailed by Dovish BoE: Pound to Euro Exchange Rate Weekly Forecast. Any news, opinions, research, analysis, values or other information contained on this story, by Exchange Rates UK, its employees, partners or contributors, is provided as general market commentary. The averaged exchange rate 1.079. However, most of the week’s most influential data will come towards the end of the week. Thursday and Friday will see the EU leaders’ summit to discuss the Greek debt crisis. Given economic vulnerability, ING expects the Bank of England to increase quantitative easing in November, but probably reject negative rates. The UK and EU have until year end to agree a trade deal however given the time needed for the European Parliament to ratify a potential trade deal, the EU has said a deal must be agreed by late October. As this is later revealed, it could bring about the tensions felt within the bloc as the financial divide between the north and south becomes more apparent with some of the wealthier northern member states having to provide grants to the poorer countries without feeling as many benefits being reciprocated. The Pound could weaken sharply if markets deem the announced measures to fall short, especially given the still-fragile outlook of the UK economy. As far as global exchange rates are concerned, trade concerns will limit Sterling support. With the UK closed and a lack of economic data elsewhere there was little cause for fluctuation. Pound to Euro forecast for September 2020.In the beginning at 1.120 Euros. The EUR to USD forecast at the end of the month 1.269, change for February 1.4%. Greece, a country which was already struggling before the pandemic hit, is now finding itself at the epicentre of the economic difficulties within the EU and the €750bn recovery package may have a significant proportion of this fund being allocated towards bailing out its debt. Both of these demands have been rejected by the UK and negotiations have now reached a point where UK chief Brexit negotiator David Frost has said unless the EU changes its position, he will recommend the UK leaves the European Union without a deal. The Pound to Euro (GBP/EUR) exchange rate is on the defensive … read more, The Pound to Euro (GBP/EUR) exchange rate sought to bounce back from its recent Brexit woes last week, but found its recovery undermined by the Bank … read more. Posted by Tim Clayton in EUR, Exchange Rate Forecasts, ING Forecasts, Institutional FX Forecasts, Pound Sterling Forecasts, - 7 Sep 2020 20:54 New Fed framework bearish for the dollar, Euro … In the beginning rate at 1.251 Dollars. There was little of notable substance on the UK front other than Bank of England’s Governor Andrew Bailey’s Jackson Hole speech. The week ahead sees little economic data for the UK although Eurozone inflation figures will be released this morning. Despite concerns about Britain’s unemployment risk and the British coronavirus … read more, GBP/EUR Exchange Rate Dented as Boris Johnson Warns of ‘Challenging’ Six Months » Best Dollar rate? In stark contrast, the euro to US dollar mid-market exchange rate has slipped to a 5-week low of 1.172 at time of writing. Following Chair Powell’s announcement of a shift in Federal Reserve strategy on Thursday, markets have been assessing the medium-term implications for currency markets and the dollar. Of course while it is likely to dominate market focus, the Bank of England won’t be the only major UK event next week. To display currency pair charts. Brexit talks have ground to a halt as both the UK and EU struggle with the EU’s demands on fishing and a level playing field. The averaged exchange rate 1.287. NAB 2020-2021 Exchange Rate Forecasts: Pound to Dollar to Hit $1.40, Pound to Euro Parity on No-Deal Brexit Posted by Tim Clayton on 31 Jul, 2020 Top Pound to Euro News GBPEUR: Could We See Further Easing From the ECB?
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