Euro: Limited downside, range defined against US Dollar – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is fractionally higher versus the US Dollar (USD), stabilizing after recent losses and attempting a modest recovery from upper-1.15 lows. They emphasize focus on European Central Bank (ECB) and Federal Reserve (Fed) policy, with euro area Consumer Price Index (CPI) seen at a fresh 3.3% peak. They see limited…

Pound Sterling retreats as Japanese Yen attracts modest buying

GBP/JPY trades on the back foot on Monday as the Japanese Yen (JPY) strengthens against its major peers. The Pound Sterling (GBP), meanwhile, lacks a fresh domestic catalyst as UK markets remain closed for the Summer Bank Holiday. At the time of writing, the cross trades around 216.40, retreating from an intraday high near 216.85.The Yen attracts buyers after USD/JPY…

Pound to Euro Weekly Forecast: ECB Rate Hike Threatens GBP Yield Advantage

Modified: Monday, 31 August 2026 10:16 BST - Written by Frank Davies STORY LINK Pound to Euro Weekly Forecast: ECB Rate Hike Threatens GBP Yield Advantage The Pound to Euro exchange rate (GBP/EUR) has held close to 1.1685 as subdued summer trading keeps the pair confined to narrow ranges, but September could bring a decisive shift. Markets increasingly expect the…

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