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British Pound to Euro (GBP/EUR) Forecast for 2024
Updated: March 29, 2024 7:05
Inverse rate: EUR to GBP
Pound to Euro price online today
How much will the GBP/EUR currency pair cost in 2024? What is the forecast for the GBP/EUR currency pair? What is the target price of the Pound / Euro currency pair for 2024?
Will the Pound rise or fall against the Euro?
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the British Pound Sterling / Euro currency pair are presented below in the form of graphs, tables and text information.
How much will the Pound (GBP) cost against the Euro (EUR) in January, February, March, April, May, June, July, August, September, October, November, December 2024?
Historical and forecast chart of the Pound/Euro currency pair for 2024
The chart below shows the historical quotes of the GBP/EUR pair and the forecast chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Pound/Euro rates for 2024 can be found in the table below.
Long-term forecasts by years.
2024 Forecast: The Intricacies of GBP/EUR Predictions
As we move into 2024, the prediction of currency pairs, including the GBP/EUR, becomes a focal point for investors, businesses, and economists globally. Forecasting currency rates allows stakeholders to plan investments, assess market risks, and make informed decisions regarding international trade and finance. However, the accuracy of such predictions, notably for the GBP/EUR pair, hinges on a myriad of complex factors, making precise forecasting a challenging endeavor.
The GBP/EUR prediction for 2024 can serve as a crucial tool for those looking to invest in the forex markets or businesses involved in trade between the UK and Eurozone countries. By anticipating movements in the exchange rates, investors can potentially capitalize on currency fluctuations, while businesses can hedge against potential losses caused by unfavorable shifts.
However, the ability to predict the GBP/EUR exchange rate accurately is often limited by the unpredictable nature of the forex market. Factors such as political instability, economic policy changes, and global financial events can introduce volatility, rendering even the most informed gbp eur predictions subject to sudden change.
Significant events expected to influence the GBP/EUR rate in 2024 range from Brexit negotiations and their economic repercussions to shifts in Eurozone fiscal policies. Additionally, any changes in trade relations between the UK and EU, as well as global economic trends, could significantly impact the gbp to euro prediction.
In conclusion, while gbp eur predictions for 2024 can provide valuable insights, the dynamic and sometimes unpredictable nature of global events means that such forecasts should be approached with caution. Investors and businesses alike must stay informed and be prepared to adjust their strategies in response to the ever-changing financial landscape.
Pound / Euro (GBP/EUR) Forecast 2024 Monthly
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Apr | 1.1673 | 1.1477 | 1.1869 | 3.30 % |
May | 1.1593 | 1.1395 | 1.1795 | 3.39 % |
Jun | 1.1542 | 1.1372 | 1.1606 | 2.01 % |
Jul | 1.1287 | 1.1132 | 1.1474 | 2.99 % |
Aug | 1.1061 | 1.0942 | 1.1138 | 1.76 % |
Sep | 1.1247 | 1.1164 | 1.1343 | 1.57 % |
Oct | 1.1198 | 1.1090 | 1.1368 | 2.45 % |
Nov | 1.1275 | 1.1169 | 1.1402 | 2.05 % |
Dec | 1.1350 | 1.1293 | 1.1489 | 1.70 % |
Pes. - the level of the pessimistic forecast.
Opt. - the level of the optimistic forecast.
Vol., % - expected volatility.
GBP/EUR forecast for 2024
Target values of the GBP/EUR currency pair for Apr 2024.
Target values of the GBP/EUR currency pair for May 2024.
Target values of the GBP/EUR currency pair for Jun 2024.
Target values of the GBP/EUR currency pair for Jul 2024.
Target values of the GBP/EUR currency pair for Aug 2024.
Target values of the GBP/EUR currency pair for Sep 2024.
Target values of the GBP/EUR currency pair for Oct 2024.
Target values of the GBP/EUR currency pair for Nov 2024.
Target values of the GBP/EUR currency pair for Dec 2024.
Other currencies against the Euro (EUR)
All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.