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    GBP to EUR Forecasts

    The pound to euro exchange rate direction is being driven by the energy crisis and the lingering impact of the pandemic on full reopening of the economies in England and the Eurozone.

    Updated: Jan 24, 2022  
     

    1 GBP = 1.1978 EUR
    Sell GBP  →  Buy EUR
    GBP to EUR at 1.1979 has risen 1.2% above average of its 90-day range 1.1641-1.2023.
    |
      1 EUR = 0.8349 GBP
     
    1-DAY+0.6%
    14-DAYLOW1d

    GBP/EUR Outlook

    After peaking at 1.20 the pound has fallen back against the Euro despite Covid data showing that cases in the UK were decreasing at a slower rate and hospital admissions have seemingly peaked.

    Besides this, a change in risk sentiment has weighed down the pound. Uncertainty on Boris Johnson’s leadership plus tensions between Russia and the US over Ukraine have been building.

    A risk-off market mood always favours the safe-haven Euro over the riskier Pound.

    GBP/EUR wasChangePeriod
    1.1981
    12 Jan 2022
    0.1% 2 Weeks
    1.1812
    28 Oct 2021
    1.4% 90 Days
    1.1296
    26 Jan 2021
    6% 1 Year
    1.1730
    27 Jan 2017
    2.1% 5 Years
    1.1925
    29 Jan 2012
    0.4% 10 Years
    1.6423
    31 Jan 2002
    27.1% 20 Years
    GBP/EUR change over periods to 26-Jan-2022

     

    British Pound Sterling to Euro Forecasts

    The pound has been resilient enough to withstand Prime Minister Boris Johnson’s troubles. However, if he implements any new taxes for consumers in a nation that is already in a tough economic situation then it will likely have a significant effect on the currency.

    But despite this, the British pound has had a good start to the year—its best start to a year since 2018.

     GBP Outlook


     

    The euro has recently slipped below 1.1350 and looks to continue to slide down. From what’s been communicated by ECB President Christine Lagarde, the gap between Fed and ECB policy is only going to increase over the near future.

    Lagarde mentioned that the ECB will act more cautiously than the Fed given their lower base of underlying inflation, which will hold back the relative value of the euro.

     EUR Outlook

    Note that forecasts and predictions for the GBP/EUR exchange rate change all the time, affected by news events and relative sentiment towards the UK and Eurozone economies and this exchange rate is even more volatile than usual because of the uncertainties around Brexit.

    You can read more about GBP cross-rate forecasts here GBP Trends and Forecasts for 2021.

     

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    Posted under: #Forecasts #EUR #GBP

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.