EUR in the spotlight: latest news

The Pound to Dollar (GBP/USD) exchange rate fell to three-week lows under 1.3350 but subsequently recovered to above 1.34. MUFG anticipates that the dollar will weaken in the coming months, predicting that GBP/USD could reach 1.40 by the second quarter of 2026.

The forex market is currently experiencing sideways movement, leading to a trade plan for next week that closely resembles those of previous weeks.

The EUR/USD weekly forecast indicates ongoing dollar weakness as employment data increases pressure on the Federal Reserve to lower interest rates.

The latest forecasts for the Pound Sterling in 2025 indicate that it will likely face challenges against the Euro while expected to strengthen against the Dollar.

The USD/JPY exchange rate, which found support below 147 in August, is currently trading near 148. RBC Capital Markets forecasts a significant decline, predicting the exchange rate will drop to 120 by the end of 2026 and into 2027.

The EUR/USD pair has risen above 1.1700 following a disappointing U.S. jobs report, which has increased expectations for a Federal Reserve rate cut. Analysts are now questioning whether the euro can surpass the 1.1800 resistance level, particularly in light of recent developments in France.

Sterling rebounded from earlier losses, with GBP/USD establishing the monthly opening range just below a key resistance level. This sets the stage for a potential breakout in September as traders analyze the weekly technical indicators.

A tropical wave, identified as Invest 91L by the National Hurricane Center, is progressing towards the eastern Caribbean islands and is expected to continue its path next week.

The Pound to Dollar (GBP/USD) exchange rate recently fell to a three-week low of below 1.3350 but has since bounced back above 1.34. MUFG anticipates further declines in the value of the dollar, projecting that the GBP/USD could reach 1.40 by the second quarter of 2026.

The US dollar and Japanese yen are experiencing cautious trading as political instability in Japan raises new concerns regarding the Bank of Japan's policy direction.

The US dollar fell sharply against the Pound and Euro on Friday following a disappointing jobs report that revealed only 22,000 new positions were added in August, marking the slowest growth in employment.

Bank of America has upgraded its growth and inflation forecasts for the euro area, although it continues to anticipate only modest economic expansion in the near future.

The Pound Sterling is facing challenges against both the Euro and the Dollar following disappointing UK retail sales data.

EUR/USD is gaining momentum, climbing above 1.1650 during the European session on Friday following slight losses the previous day. The near-term technical outlook suggests potential for further bullish movement, particularly if upcoming non-farm payroll (NFP) data indicates weakness.

At 10:00 AM BST, the Euro Zone reported its Q2 GDP data, revealing a year-on-year growth of 1.5%, slightly above the forecast of 1.4%. The quarter-on-quarter growth also matched expectations at 0.1%.

The Pound to Euro (GBP/EUR) exchange rate fell to a three-week low of under 1.1500 this week due to significant bond market concerns but later rebounded to 1.1535.

The Pound to Euro (GBP/EUR) exchange rate has stabilized slightly above 1.1500, reaching 1.1535. However, analysts caution that the outlook is uncertain as the November budget approaches.

The US Dollar remained stable around 98.15 ahead of the Non-Farm Payroll (NFP) report, as disappointing job data increases speculation about a Federal Reserve rate cut. The forecasts for GBP/USD and EUR/USD are closely linked to signals from the labor market.

The upcoming US jobs report is expected to significantly influence the EUR/USD forecast, especially if the results substantially exceed or fall short of expectations.

The EUR/USD pair ended the week slightly down, remaining just a few pips below the 1.1700 level. It began September on a positive note, but market dynamics shifted ahead of the European Central Bank's upcoming decision.

EUR/USD is currently trading around 1.1670, with support identified at 1.1614 and resistance at 1.1735. Weak employment data from the U.S. has increased expectations for a Federal Reserve rate cut, contributing to a bullish outlook for the euro.

The US dollar experienced slight weakening on Friday following a disappointing jobs report, which showed an addition of only 22,000 jobs compared to the anticipated 75,000.

The EUR/USD pair is moving toward the 1.16 support level, facing resistance between 1.1750 and 1.18. Traders are anticipating Friday's Non-Farm Payroll report to determine the next breakout direction.

GBP/USD is currently trading around 1.3515 following the release of U.S. payroll data, which showed an addition of only 22,000 jobs. The weakness of the dollar has provided support for the pound, but concerns regarding fiscal risks in the UK and speculation about Federal Reserve policies continue to influence the market.

The Pound to Dollar (GBP/USD) exchange rate reached nearly 1.3550 earlier this week but was unable to surpass the crucial resistance level of 1.3590, resulting in a decline on Tuesday.