Will the pound become stronger against the euro?
The GBP/EUR forecast for 2023 from algorithm-based forecaster WalletInvestor was bullish in the long run, predicting that the pair could trade at 1.144 in early 2024, and at 1.185 within five years. The site's forecast for GBP/EUR for 2025 saw the pair trading at 1.154 in January of that year.
What is the forecast for the pound sterling for 2023?
Forecast for the exchange rate of the pound against the euro: the British pound rose at 1.18 against the euro by the end of 2023.
Will the euro fall in the coming days 2023?
EUR/USD is expected to reach 1.10 in March 2023, before falling to 1.08 September 2023 and settling at 1.08 in December 2023. USD/JPY is expected to reach 135 in March 2023, before trading at 133 in June 2023, and the 130th in September. 2023 and 128 in December 2023,” stated JPMorgan Research.
When was the euro at its highest level?
Historically, the EUR/USD exchange rate reached an all-time high of 1.87 in July of 1973. The Euro was only introduced as a currency on January 1st of 1999. However, synthetic historical rates dating back to Backward is much more similar if we take into account the weighted average of the previous currencies.
Is the euro rising or falling?
“We expect EURUSD to rise to 1.10 by the end of 2022, but with many risks. EURUSD has already moved to the consensus end of 2023 forecast and is very close to our forecast. The periphery remains a concern for the euro, as the central bank has shifted European now to hawk Energy prices could rise again.
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