FX Guys

Pound to Euro Rate Week Ahead Forecast: Possible 8-Year Best say Analysts

October 27, 2024 – Written by David Woodsmith

Danske Bank forecasts that the Pound to Euro (GBP/EUR) exchange rate will strengthen to 1.2350 on a 6-month view as UK yields remain attractive.

In contrast, ING expects that GBP/EUR will weaken to 1.1630 by the second quarter of 2025.

During the week, the Pound to Euro (GBP/EUR) exchange rate strengthened to 1.2050 before settling just below 1.2000 as the Euro attempted to…
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