Pound to Euro Rate Week Ahead Forecast: Another EUR Lurch Lower

Pound to Euro Rate Week Ahead Forecast: Another EUR Lurch Lower

November 24, 2024 – Written by David Woodsmith

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Foreign exchange analysts at Commerzbank expect the Pound to Euro exchange rate (GBP/EUR) to maintain strength throughout 2025 with gains to 1.2350 at year-end. This would be the strongest level since 2016.

There is very little in the way of dissent on a short-term view while, after initial gains to at least 1.22, MUFG expects that there will be a net GBP/EUR retreat to 1.2050 in the third quarter…
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