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Euro forecast

Euro forecast: EURUSD clings to 1.06 as dollar rally pauses

URUSD has fallen below $1.06 on pressure from the U.S. dollar, with analysts’ euro forecasts indicating potential short-term downside risks.
euro forecast

Euro forecast: EURUSD at 2023 lows, trading around 1.05

As EURUSD hovers around $1.05 on pressure from the U.S. dollar, analysts’ euro forecasts are indicating the currency may slip further.
Euro forecast

Euro forecast: EURUSD may test 1.05 due to dollar strength

The EURUSD pair may retest the $1.05 level at some point this week due to ongoing vulnerability, according to analysts’ euro forecasts.
GBP forecast

GBP forecast: Analysts see cable on back foot to test 1.20

Despite the U.S. dollar’s recent retreat, analysts’ GBP forecasts remain skewed to the downside, forecasting cable to test 1.20 in the near future.
euro forecast

Euro forecast: Pause in dollar rally offers relief to EUR

EURUSD rose to trade above $1.05 on Thursday as the dollar rally took a breather. Analysts’ euro forecasts were mixed.
Euro forecast

Euro forecast: Dovish Fed leads to uptick in EURUSD

The euro inched higher on Tuesday due to declining U.S. bond yields and dovish Federal Reserve remarks. Analysts’ euro forecasts were mixed.
pound to dollar

Pound to dollar rate steadies after tanking on U.S. CPI

The pound to dollar exchange rate saw a slight recovery on Friday after sliding on a hotter-than-expected U.S. inflation reading announced the previous day.
Euro to dollar

JPMorgan, Citi forecast euro to dollar parity by year-end

Major Wall Street banks are forecasting parity for the euro to dollar rate by year-end, citing U.S. exceptionalism and growth concerns in the eurozone.
pound to dollar

Pound to dollar rate holds around 1.215 ahead of PMIs

The pound to dollar exchange rate held around 1.215 on Monday, as markets awaited the announcement of key unemployment and PMI figures in the UK.
Sterling

Soft data backs BoE rate outlook, sterling slides

Pound sterling slid against the dollar and euro on Wednesday after weak economic data pointed to the BoE likely holding rates steady next week.
Euro forecast

Analysts’ euro forecasts bearish, expect ECB hold on Thursday

Euro forecasts from multiple analysts were bearish ahead of the ECB meeting on Thursday, with the central bank widely expected to leave rates unchanged.
EURUSD

ECB leaves rates on hold, EURUSD slides

The EURUSD currency pair slid by as much as 0.3% on Thursday after the European Central Bank snapped its 15-month hike streak and left rates unchanged.

Eyes on Thursday BoE meeting as sterling trades sideways

Pound sterling broadly traded sideways against the U.S. dollar and euro on Monday as traders eyed the upcoming Bank of England meeting.

pound

Pound rallies as BoE keeps rates on hold

The British pound rose against the dollar on Thursday, following the Bank of England’s decision to keep rates unchanged.
sterling

BoE comments on rates send pound sterling higher vs. euro

Pound sterling rose against the euro on Thursday after Bank of England officials signaled that interest rates may need to remain restrictive for some time.

euro

Euro holds at $1.07 as markets digest ECB officials’ remarks

The euro to dollar rate kept steady above $1.07 on Thursday as investors digested comments from a number of European Central Bank officials.
Sterling

Zero UK GDP growth sends pound sterling to one-week low

Pound sterling held at one-week lows against the U.S. dollar on Friday as UK GDP figures showed that the country’s economy failed to grow in Q3.
Euro

Euro corrects to below 1.09 vs. dollar after November gains

The euro to dollar rate fell below $1.092 on Friday amid growing expectations that major central banks will transition from tightening policies to implementing rate cuts in the coming year.
Pound

Data-heavy run-up to BoE meeting sees British pound rise

On Monday, the British pound strengthened against the dollar as traders prepared for a week filled with data releases and central bank meetings, including the upcoming session at the Bank of England (BoE) on Thursday.

Bank of England

Bank of England set to hold, markets eye forward guidance

The Bank of England appears poised to maintain interest rates at a 15-year high on Thursday, with investors focused on whether policymakers will push back against the growing market expectations of multiple rate cuts next year.

pound

British pound surges as BoE pushes back against rate cuts

The Bank of England (BoE) stuck to its position on Thursday, saying that interest rates in the UK should remain elevated for an "extended period”, a day after the U.S. Federal Reserve signalled forthcoming rate cuts in the United States.

euro

Euro gains against soft USD as ECB stands firm on rates

On Thursday, the European Central Bank (ECB) pushed back against market expectations of imminent interest rate cuts by reaffirming that borrowing costs would stay at record highs despite lower inflation forecasts.
Pound sterling digs in against USD.

Pound sterling digs in against USD on UK rate outlook

On Monday, the British pound remained stable against the U.S. dollar but slightly weakened against the euro after two consecutive days of gains, as investors assessed the likelihood of interest rates in Britain remaining higher than in other major economies throughout 2024.

British pound.

British pound slips after sharp fall in UK inflation

Pound sterling declined against both the U.S. dollar and euro following the release of data revealing a drop in British inflation for November, coming in significantly below expectations. The news prompted financial markets to revise projections for when the Bank of England (BoE) might begin cutting interest rates next year.

Euro Bills

ECB rate cut timeline key factor for euro forecasts in 2024

The euro to dollar pair, currently trading below the $1.10 mark, is continuing to be influenced by investor expectations of impending interest rate cuts in the Eurozone.

British One Pound Coin

Election, BoE cuts in focus for 2024 British pound forecasts

The pound to dollar currency pair (GBP/USD), widely known as “cable” in currency markets, traded at $1.27 on Friday, December 22, with sterling having gained close to 5% against the greenback year-to-date.

Euro Pound

Pound sterling, euro gain on USD after economic data

Pound sterling gained ground against the dollar on Thursday, driven by increased demand for loans among British borrowers and the resilience of business services in the UK.

One Pound

British pound extends rise on sticky December UK inflation

The British pound saw a slight uptick on Thursday, building on gains from the previous day, as the annual consumer price inflation rate unexpectedly rose last month.
One Pound sterling coin

Sterling surges as traders pare rate cut bets after UK PMIs

Pound sterling saw a sharp rally on Wednesday, and gilts — UK government bonds— reversed gains following robust UK private sector activity data that prompted traders to adjust their expectations of potential monetary easing by the Bank of England in the coming year.

European Central Bank

European Central Bank holds rates, says cuts still way off

On Thursday, the European Central Bank (ECB) opted to keep interest rates unchanged for a third straight meeting and stuck with wording that suggests cuts may not be implemented anytime soon.

Euro Banknote On Europe Map Concept

Dollar index down pre-Fed, euro holds as EU skirts recession

The euro remained stable on Tuesday following the release of data indicating that the eurozone barely escaped a technical recession in the last quarter, while the U.S. dollar saw a slight decline as market participants awaited the Federal Reserve's decision on monetary policy later in the week.
Few Hundred Pound

Sterling slides vs. USD ahead of Fed, BoE meetings

The British pound was declining against a strengthening dollar on Wednesday, with investors anticipating policy decisions from both the Bank of England and the Federal Reserve in the coming days.

Details of American money close-up

EUR/USD at 7-week lows as March rate cut bets unwind

The U.S. dollar maintained its position near a seven-week peak against the euro on Thursday, which it reached after remarks from Federal Reserve Chair Jerome Powell, who dismissed the prospect of a U.S. interest rate cut in March.

Sterling cuts earlier losses as Bank of England votes to keep rates steady

Sterling cuts earlier losses as BoE holds rates steady

Yields on British government bonds increased, the pound recovered some of its initial losses, and UK stocks trimmed their earlier advances on Thursday following the Bank of England's decision to keep interest rates on hold.

Dollar index picks up mild gains ahead of Tuesday’s inflation data release

Dollar index ticks up ahead of U.S. inflation data release

The U.S. dollar index (DXY) saw a slight increase on Monday, amid a quiet start to the week due to holidays in major Asian markets.
Sterling slips as UK recession confirmed in blow to PM Rishi Sunak

Sterling slips as data confirms UK recession

On Thursday, the British pound saw a minor decline following the release of data indicating that the UK economy had slipped into a recession at the close of 2023, causing investors to heighten their expectations for potential interest rate reductions by the Bank of England within the year.

Sterling set for longest streak of gains vs. USD this year

Sterling heads for longest streak of daily gains in 2024

On Monday, the British pound rose slightly against the U.S. dollar, continuing its upward trajectory for the fifth consecutive day, marking its longest winning streak of the year.
Interest rate cut expected at June 6 ECB meeting

Euro firmer ahead of ECB meeting, yen perks up

The euro firmed slightly on Thursday ahead of the European Central Bank (ECB) policy decision, with traders almost certain of a rate cut, while the dollar eased due to renewed bets on a U.S. Federal Reserve easing cycle expected later this this year.

European Central Bank cuts rates for the first time since 2019

European Central Bank cuts rates for first time in 5 years

The European Central Bank (ECB) cut its three key interest rates by 25 basis points at its meeting today, as was widely expected by analysts.
Success of far right in first round of election sees French stocks surge

French stocks surge after first round of election

French stocks surging, euro gapping up, spreads narrowing again — a relief rally of sorts for assets exposed to French politics, but the centre of gravity has shifted and the Rassemblement National (National Rally) could secure a majority still.
Euro rallies vs. USD as far right book victory in French election first round

Euro rallies on far-right win in French election first round

The euro surged on Monday following a notable victory by the French far-right in the first round of parliamentary elections — though the result slightly fell short of some projections.
Eurozone inflation due as markets digest French election results

Eurozone inflation on tap as markets digest France election

The “relief rally” for the euro and French stocks after the weekend didn’t last long, with both sliding ahead of the June Eurozone inflation data release.
Eurozone inflation eases, analysts say ECB likely to hold

Eurozone inflation eases in June but ECB likely to hold

A fresh estimate from Eurostat showed Eurozone inflation slowed to 2.5% in June, likely meaning the ECB will keep interest rates unchanged this month.
Markets await France, UK elections

Politics drive markets ahead of France, UK elections

Politics is still driving markets, with eyes on the French and upcoming UK elections, with investors perhaps a touch complacent about a Labour win.
Swiss franc recoups recent losses against US dollar

Swiss franc recoups losses after soft inflation reading

The Swiss franc erased losses it sustained against the dollar and euro the previous day, having fallen after a softer-than-expected inflation print of 1.3%.
Markets react to surprise left win in French election

Europe markets up despite left-wing French election victory

Paris’ CAC 40 index and other European stock indicators were up as markets reacted to a surprise win for the left in the weekend’s parliamentary election.
Sterling steady as investors take in UK, French election results

Sterling steady near one-month high in wake of UK election

Sterling remained steady near one-month highs against the U.S. dollar on Tuesday, as investors continued to take in the UK and French election results.
ECB Christine Lagarde

ECB Cuts Interest Rates, Dollar Surges, and Global Markets Mixed

The euro cracked, and inflation had its neck broken.
Europe: Integration or Division?

Europe at a Crossroads: Unity or Fragmentation in 2025?

France’s government may fall – the premium for French government bonds is at the highest since the Eurozone sovereign debt crisis.
EURUSD challenges

Morning Note: US and Europe: PMI Data, Index Trends, and EURUSD Analysis

The EURUSD pair has been facing resistance in the 1.06 region on the daily chart, an area where the price has failed to consistently break through last week.

Morning Note: Tesla Hits Record High Amid US PMI Focus and Bitcoin's Next Move

This Monday, the release of the US Industrial PMI and Services PMI data, which may provide direction for the market, draws attention. Meanwhile, prominent assets such as Tesla (TSLA) and Bitcoin (BTC) continue to break historical records but raise questions about the sustainability of their upward trends.

Morning Note: Markets Brace for Inflation Data and FED Rate Decision

Global markets are starting the day with their attention focused on important economic indicators and corporate events that promise to influence investor sentiment. Highlights include inflation data in the United Kingdom and the Eurozone and relevant corporate results that could move specific sectors.
Eurozone inflation

Morning Note: Eurozone Inflation Surge Pressures ECB Policy Decisions

The Eurozone's inflation rate increased to 2.4% in December from 2.2% in November, which aligned with expectations.

Morning Note: BoE Rate Cut, ECB’s Caution, and Amazon’s Earnings

The Bank of England looks set to cut interest rates on Thursday for only the third time since 2020. In doing so, the central bank faces the challenge of ensuring support for a sluggish economy and dealing with persistent inflationary pressures.

Morning Note: S&P 500 Slumps, Eurozone Jobs, CrowdStrike Earnings in Focus

On Monday, U.S. stocks showed a significant decline, and the S&P 500 suffered the biggest daily percentage drop since December 18.