Economy

Economists are cutting growth forecasts for the eurozone economy as a third wave of Covid-19 infections and vaccination delays spur tighter restrictions in several countries, including France, Italy, and Germany. Europe's Economy Looking Grim The reintroduction of lockdown measures across Europe is fuelling concerns. The region could suffer another disappointing summer season … [Read more...] about Europe’s Virus-Stricken Economy Shows Dark Outlook

Pound Sterling is forecast to gain against the Euro and Dollar over coming months, but a near-term pause in the currency's rally must be expected, say analysts we follow. "The UK is vaccinating at a much faster pace than the rest of Europe, which, combined with the Brexit deal, means the UK is set to outperform the rest of Europe beyond Q1 21," says Mikael Milhøj, Senior … [Read more...] about British Pound Forecast is Higher in 2021 Against US Dollar and Euro

The Lira was crushed early in the new week with losses rivaling those seen by Pound Sterling following the Brexit referendum after another Central Bank of the Republic of Turkey (CBRT) Governor was shown the door an apparent political response to last week's interest rate rise. Lira Loses to Dollar, Euro, and British Pound Turkey's Lira collapsed more than 17% against the … [Read more...] about Turkish Lira Loses to Pound Sterling After Central Bank of the Republic of Turkey Governor was Sacked

According to several analysts, the British Pound and Euro would likely be losers in a spat over vaccines between the EU and UK, with the U.S. Dollar likely to benefit. Vaccines matter for the Pound, which analysts say has benefited from the UK's rapid vaccine rollout over recent weeks, and in the first half of March, it held the crown as 2021's best-performing … [Read more...] about Vaccine Rollout Could Affect Pound Sterling and Euro, US Dollars Expected to Thrive

Despite a lack of surprising upside developments in the Pound outlook, the British Pound to Euro (GBP/EUR) exchange rate continues to test new highs. Towards the end of last week, the pair was once again trending near its best levels in over a year. Investors have little reason to buy the Euro as the Eurozone’s coronavirus lockdown woes continue, but strong Eurozone data … [Read more...] about Pound Sterling and Euro Forecast as 1.17 Possible for Pound to Euro Exchange Rate Buyers Next Week