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EUR/USD Forecast: Euro to US Dollar Exchange Rate Softens as US Initial Jobless Claims Better Forecast

May 13, 2021 - Written by John Cameron
Euro (EUR) Exchange Rates Under Pressure Ahead of ECB Meeting Minutes
The Euro to US Dollar (EUR/USD) exchange rate found itself on a narrow trend in the absence of any fresh Eurozone economic data releases.
Anticipation ahead of the release of the European Central Bank’s (ECB) most recent set of meeting minutes also put pressure on the Euro at this stage.
With markets expecting to see another dovish message from the central bank there appeared little room for the Euro to push higher against its rivals at this stage.
While the ECB is not expected to show any signs of altering monetary policy in the months ahead, though, any fresh signs of dovishness may still have a limited impact on EUR exchange rates. ....

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GBP/EUR Forecast: Pound to Euro Exchange Rate Shored up as Monthly UK GDP Jumps

May 12, 2021 - Written by Frank Davies
Pound (GBP) Exchange Rates Rally as Monthly UK GDP Betters Forecast
The Pound to Euro (GBP/EUR) exchange rate extended its uptrend on Wednesday as the monthly UK gross domestic product reading bettered forecasts.
As growth jumped 2.1% on the month in March this helped to encourage hopes of a stronger second quarter growth rebound to come.
Although the first quarter GDP still showed a -1.5% contraction this was not enough to weigh down demand for the Pound at this stage.
Investors choose to continue focusing on the prospect of a second quarter recovery, especially as markets continued to brace for the next phase of easing in national lockdown conditions. ....

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Euro US Dollar Exchange Rate Nears Monthly Best as Fed Bets Fade

Euro US Dollar Exchange Rate Nears Monthly Best as Fed Bets Fade
euroexchangeratenews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euroexchangeratenews.co.uk Daily Mail and Mail on Sunday newspapers.

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GBP/USD Forecast: Pound to US Dollar Exchange Rate Driven Lower as US Payrolls Surge

March 5, 2021 - Written by Frank Davies
Pound (GBP) Exchange Rates Slip Thanks to Disappointing UK House Price Growth
As the Halifax house price index failed to show positive growth on the month this left the Pound to US Dollar (GBP/USD) exchange rate trending lower.
Following on from January’s -0.4% contraction the index dipped another -0.1% last month, suggesting a sustained decline in the housing market.
As the UK housing market had previously helped to limit the impact of Covid-19 disruption on the economy this weakness weighed heavily on demand for the Pound on Friday.
The relative strength GBP exchange rates had experienced over the course of the week also left the Pound vulnerable to correction selling, with the currency having gained significant ground on hopes of a nearer economic recovery. ....

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Pound To Euro (GBP/EUR) Exchange Rate Outlook: "Market Open On Sunday To See Sharp Gap In GBP"

Pound To Euro (GBP/EUR) Exchange Rate Outlook: "Market Open On Sunday To See Sharp Gap In GBP"
exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.

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