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Currencies Outlook

EUR/USD & GBP Hedging Perspective

Tuesday, 11 June 2024, written by Eddy Markus

We do not expect the first rate cut by the Bank of England until August/September. This means UK interest rates are likely to stay above those in Germany for the time being, and EUR/GBP could therefore slowly slip towards 0.835
 

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Previous reports

ECB taking the lead in rate cuts

Monday, 03 June 2024

Some recent US data point to a weakening economy. If this continues, it will have a much larger effect on EUR/USD than an ECB rate cut this week. In that case, the Chinese yuan will also weaken less against the dollar than we currently expect.

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EUR/USD & GBP hedging perspective

Tuesday, 28 May 2024

EUR/GBP: Will the support zone near 0.85 hold, or is a breakdown forthcoming?

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Dollar strength era has yet to end

Tuesday, 21 May 2024

In recent weeks, weaker US economic data resulted in many analysts starting to expect EUR/USD to rise a lot further in the short term. We do not concur and expect the dollar to remain a strong currency for the time being.

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Past Predictions

Readers frequently inquire about the accuracy of our predictions and whether we track them. Naturally, we don't possess a crystal ball, and the primary objective of our analyses is to present our readers with the most probable scenarios in the medium term. However, we do provide specific exchange rate predictions and in general they have been quite accurate. 

Download our forecasts for EUR/USD and EUR/GBP for the period from January to December 2023 here below. 

 

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