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22 07, 2026

Pound Sterling to Dollar Forecast: Middle East Tensions Push GBP Back Below 1.34

By |2026-07-22T01:19:31+03:00July 22, 2026|Forex News, News|0 Comments


– Written by

The Pound to Dollar exchange rate (GBP/USD) has slipped back to around 1.3380 as renewed Middle East tensions boosted demand for the safe-haven US Dollar.

Escalating military action between the US and Iran has lifted oil prices and increased concerns over global inflation, helping the Greenback recover while limiting Sterling’s ability to build on its recent gains.

GBP/USD Forecasts: Energy Fears Limit Pound Buying

The Pound to Dollar (GBP/USD) exchange rate has consolidated just above 1.3450 with markets monitoring domestic and international developments. Unease over the Middle East situation has helped underpin the dollar and curbed Pound buying while markets are waiting for key economic evidence.

Oil prices spiked higher in Asian trading on Monday amid further US strikes on Iran while there have been on-going Iranian attacks on shipping through the Strait of Hormuz.

According to UoB; “GBP has likely entered a range-trading phase between 1.3385 and 1.3495.”

Domestically, Andy Burnham has been confirmed as Prime Minister with an immediate focus on economic policy and the appointment of the next Chancellor.

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The UK 10-year yield is just below the 5.00% level.

Scotiabank commented; “The greatest near-term risk lies with the UK’s fiscal outlook and Burnham’s plans around the prior government’s self-imposed fiscal rules.”

Nevertheless, the bank maintains a positive outlook on the Pound; “the latest pullback has revealed near-term resistance around 1.3550. We are bullish and note the potential for additional resistance closer to 1.3600. We look to a near-term range bound between 1.3420 and 1.3520.”

Overall interest in high-yield instruments has been sustained despite the Middle East situation.

MUFG commented on potential risks; “higher yields on offer in the UK come at a time when financial market conditions are supportive for carry trades given FX volatility is close to year-to-date lows. The recent rebound in energy prices and the correction lower for AI-related equities has not yet threatened current stable financial market conditions, although they are two obvious risks that could trigger an unwind of popular FX carry trades if they intensify further.”

ING expressed concerns over energy prices and expects firm dollar demand; “We are particularly focused on natural gas prices, which are now very close to their March highs again. And there is increasing focus on refined products, such as diesel, where higher prices can only add to fears of inflationary pressures being handed down global supply chains.”

According to the bank; “higher energy prices mean that the Fed will have to remain alert, and in this environment we struggle to see that any investors already owning dollars will be inclined to sell.”

MUFG added; “The renewed military strikes are disrupting energy supplies through the Strait of Hormuz. The IRGC Navy stated yesterday it had halted four unidentified vessels attempting to use an “unsafe route” after disregarding warnings. The unfavourable developments are leading to pick-up in global inflation risks and will put more pressure on central banks including the Fed to tighten policy this year.”

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22 07, 2026

Forecast update for Brent -21-07-2026

By |2026-07-22T01:16:56+03:00July 22, 2026|Forex News, News|0 Comments


NVIDIA Corporation (NVDA) was unable to hold on to its early gains in its latest trading session, retreating from the day’s highs and surrendering most of those advances. The stock remains under the control of a short-term bearish corrective trend, with price action continuing to track a descending trendline that reinforces the current downside bias. Selling pressure also persists as the stock continues to trade below its 50-day Simple Moving Average (SMA). Meanwhile, momentum indicators are beginning to form a bearish divergence after reaching extremely overbought levels relative to the stock’s price action, with fresh bearish signals continuing to emerge.

 

Therefore, our outlook remains bearish for the stock’s upcoming trading sessions, as long as resistance at $213.80 remains intact. Under this scenario, the stock is expected to target the key support level at $191.00.

 

Today’s price forecast: Bearish.





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21 07, 2026

ING US Dollar To Yen Forecast: Break Above 162.75/85 Could Extend USD/JPY Gains

By |2026-07-21T21:18:59+03:00July 21, 2026|Forex News, News|0 Comments

The US Dollar to Yen exchange rate is trading around 162.66, close to July’s high of 162.84 and its strongest levels in decades.

The pair has gained from around 159.36 at the start of June, although it remains narrowly lower for July after briefly falling to 160.65 earlier this month.

ING believes USD/JPY could break above the 162.75-162.85 resistance area over the coming sessions as higher energy prices support the Dollar and increase pressure on Japan’s trade position.

Deteriorating news from the Gulf has pushed oil, natural gas and refined-product prices higher, reinforcing inflation concerns and reducing investors’ willingness to sell existing Dollar positions.

ING said it was “slightly surprising not to see the dollar a little stronger”, particularly as higher energy prices mean the Federal Reserve must remain alert to renewed inflation pressure.

Japan is particularly exposed to rising energy costs because it relies heavily on imported oil and gas. That backdrop can weaken the Yen while supporting currencies of energy exporters, including the US Dollar.

The bank also noted that Japanese authorities did not intervene during Monday’s Marine Day holiday, leaving traders free to test the upper end of the recent USD/JPY range.

According to ING, “it would not be a surprise to see USD/JPY briefly break above 162.75/85 over coming sessions” if the Bank of Japan remains absent from the market.

ING expects the broader Dollar index to find support near 100.50 and potentially recover towards 101.30, with persistent Gulf tensions and elevated energy prices limiting the scope for near-term Dollar weakness.

foreign exchange rates

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21 07, 2026

XAU/USD Price forecast: Middle East crisis intensifies, Gold up

By |2026-07-21T21:15:59+03:00July 21, 2026|Forex News, News|0 Comments


XAU/USD Current price: $ 4,075

  • The US Dollar, Gold, and stocks all trade with a firmer tone on Tuesday.
  • US President Donald Trump threatens to intensify attacks on Iran.
  • XAU/USD gains upward traction in the near-term, approaches $4,100.

The US Dollar (USD) trades with a firmer tone on Tuesday, but so does Gold. The bright metal is moving away from the $4,000 mark and trades closer to an intraday high of $4,084 than to the psychological threshold. Indeed, markets are concern-flooded, which means stronger safe-havens should not surprise. And yet, for the first time in a long time, the precious metal seems to be outpacing the USD.

The usual Middle East concerns were exacerbated by United States (US) President Donald Trump threatening Canada with massive 50% tariffs on a variety of goods over claims of Ottawa’s “continuous discrimination” against American products, supposedly coming into effect in 30 days. And while Trump is likely to TACO, market participants are reading it as yet another stone in the road to sustainable inflation.

Mid-American session, both Gold and the USD are gaining upward traction, alongside Wall Street, quite an uncommon scenario. And that, despite comments from President Trump at the White House, threatening to escalate attacks on Iran, while saying he is no longer willing to negotiate with Tehran.

XAU/USD short-term technical outlook

It seems too early to call for a bullish continuation in XAU/USD. In the four-hour chart, XAU/USD, the pair turned bullish as it remains above both the 100-period Simple Moving Average (SMA) at $4,067.46 and the 20-period SMA at $4,017.34. The 200-period SMA at $4,133.13 stays overhead as a broader trend barrier, while the Relative Strength Index (RSI) indicator aims firmly north around 61 and the advance of the Momentum indicator reinforces constructive upside pressure.

XAU/USD’s bullish potential remains capped in the daily chart as it remains well below the 200-day and 100-day SMAs at $4,495.98 and $4,510.85, respectively. The metal trades just above the 20-day SMA at $4,062.64, which offers near-term support and hints at ongoing consolidation rather than a clear bullish reversal. Momentum conditions are mixed, with the RSI indicator at 46 and the 14-day Momentum also developing below its midline, suggesting a modest positive bias that has yet to overcome the broader overhead structure.

On the downside, initial support is aligned with the 100-period SMA at $4,067.46, which converges with the 20-day SMA at $4,062.64, ahead of a deeper technical floor at the 20-period SMA near $4,017.34. On the topside, the key resistance to watch is the longer-term 200-period SMA at $4,133.13, and a sustained break above this zone would likely open the way for an extension of the current bullish phase in the metal. Further gains expose the $4,200 mark.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Yen slide toward recent lows keeps Japan intervention risk in focus

Analysts at Scotiabank highlight that the Yen is “drifting back toward its early July / late June lows,” a renewed bout of weakness that is “likely garnering attention from currency officials at the Ministry of Finance.” They add that they “remain concerned about the possibility of official intervention, or at the very least comments threatening potential action” as USD/JPY grinds higher. From a technical perspective, Scotiabank flags “the importance of its late June high around 162.80” for USD/JPY and “see support at 162.00,” levels that traders are likely to watch closely amid heightened sensitivity to any signals from Japanese authorities.



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21 07, 2026

BofA Euro To Dollar Forecast: EUR/USD Tipped At 1.15 By End-2026

By |2026-07-21T17:17:28+03:00July 21, 2026|Forex News, News|0 Comments

Foreign exchange analysts at Bank of America forecast the Euro to weaken against the US Dollar over the coming months, projecting EUR/USD will fall to 1.12 in the third quarter before recovering to 1.15 by the end of 2026.

The Euro to Dollar exchange rate (EUR/USD) traded around 1.15 on Monday after recovering from recent lows near 1.12, but remains below this year’s highs close to 1.20 as investors continue to favour the higher-yielding US Dollar.

Latest — Exchange Rates:
Euro to Dollar (EUR/USD): 1.141798 (-0.17%)
Pound to Dollar (GBP/USD): 1.345558 (+0.01%)
Dollar to Yen (USD/JPY): 162.41676 (+0.01%)

The recent recovery in EUR/USD has come as the Dollar paused after a strong first half of the year. However, Bank of America believes the broader trend still favours the US currency, arguing that resilient US growth, relatively high Treasury yields and continued demand for Dollar-denominated assets should underpin the greenback.

The bank expects the Federal Reserve to remain more restrictive than many of its peers, preserving the Dollar’s yield advantage even if interest rates gradually move lower.

“We expect EUR/USD to finish 2026 at 1.15.”

BofA believes the path to that year-end forecast will not be smooth, with further Dollar strength likely over the coming months.

“Our forecasts are for EUR/USD at 1.12 by the end of the third quarter before recovering to 1.15 by year-end.”

The bank also points to the Eurozone’s weaker growth outlook and greater exposure to higher energy costs as factors that could continue to weigh on the single currency. Although investor positioning has become less negative on the Euro, BofA argues much of the earlier short-covering has already taken place, reducing scope for another sharp rally.

foreign exchange rates

Looking further ahead, the outlook becomes more constructive for the Euro as the Dollar’s exceptional performance gradually fades.

“We forecast EUR/USD at 1.20 by end-2027 and 1.22 by end-2028.”

BofA believes that longer-term recovery will be driven by a gradual narrowing in growth and interest-rate differentials rather than by a sharp deterioration in the US economy.

Near-Term EUR/USD Forecast: BofA Sees Dollar Yield Advantage Limiting Euro Gains

Despite expecting EUR/USD to recover from its projected third-quarter lows, Bank of America believes the Dollar should remain well supported over the remainder of 2026.

“The Dollar’s yield advantage should continue to underpin the currency.”

For now, the bank expects rallies in EUR/USD to remain limited while US yields stay elevated and capital continues to flow into US assets. It argues that only a more pronounced slowdown in the US economy or a materially faster Federal Reserve easing cycle would be likely to push the pair sustainably above the mid-1.15 area.

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21 07, 2026

Coffee prices today, July 21st: Continue to increase, approaching the 99,000 VND/kg mark

By |2026-07-21T17:14:50+03:00July 21, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market continue to increase in key production areas. The average price is recorded at 98,500 VND/kg, an increase of 500 VND/kg compared to the previous update.

In Dak Lak, coffee prices increased by 500 VND/kg, to 98,500 VND/kg. Gia Lai also recorded 98,500 VND/kg, an increase of 500 VND/kg.

In Lam Dong, coffee prices today reached 98,000 VND/kg, an increase of 500 VND/kg. This is the lowest level among the surveyed areas.

The old Dak Nong area recorded a purchase price of 98,500 VND/kg, an increase of 500 VND/kg compared to the previous update.

Thus, domestic coffee prices currently range from 98,000-98,500 VND/kg. The gap between the region with the highest and lowest prices is 500 VND/kg.

The domestic coffee price level has now approached the 99,000 VND/kg mark, after two consecutive increasing sessions.

The USD/VND exchange rate according to Vietcombank is recorded at 26,080 VND/USD.

World coffee prices

According to the updated table on July 21, world coffee prices increased slightly on both the London and New York exchanges.

On the London exchange, the September 2026 Robusta futures contract increased by 7 USD/ton, equivalent to 0.18%, to 3,884 USD/ton.

Robusta futures for November 2026 increased by 22 USD/ton, equivalent to 0.57%, to 3,851 USD/ton.

The January and March 2027 terms increased by 24 USD/ton and 26 USD/ton, respectively, reaching 3,811 USD/ton and 3,776 USD/ton.

The July 2026 Robusta contract reached 3,984 USD/ton, an increase of 7 USD/ton. However, this term has very low trading volume because it is close to maturity, so the September contract reflects the market trend more clearly.

On the New York exchange, Arabica also increased in terms. The September 2026 Arabica futures contract increased by 4.25 US cents/lb, equivalent to 1.33%, to 324.55 US cents/lb.

Arabica futures for December 2026 increased by 5.65 US cents/lb, equivalent to 1.86%, to 309.45 US cents/lb.

The March and May 2027 terms both increased by 5.15 US cents/lb, reaching 302.75 US cents/lb and 300.80 US cents/lb, respectively.

July 2027 futures increased by 5.10 US cents/lb, to 299.60 US cents/lb.

Coffee price assessment

Domestic coffee prices continue to increase and approach the 99,000 VND/kg mark. This development is accompanied by a slight increase in Robusta and Arabica prices in the world market.

In the short term, coffee prices may continue to fluctuate according to developments on the London exchange, New York exchange, USD/VND exchange rate and trading activities of export businesses. The fact that world prices are temporarily sideways in the latest updated table may make the domestic market more cautious in the following sessions.

Regarding the weather, the Central Highlands is currently in the rainy season. According to the National Center for Hydro-Meteorological Forecasting, on the day and night of July 20, the Central Highlands area will be cloudy, sunny during the day; showers and thunderstorms in some places in the evening and at night, with the possibility of tornadoes, lightning and strong gusts of wind during thunderstorms.

Rain in this season can add moisture to coffee trees, but thunderstorms and high humidity also require more attention to garden care, pest and disease prevention, and goods preservation.

From a global supply-demand perspective, the International Coffee Organization (ICO) said that the average ICO aggregate price index in June 2026 reached 248.90 US cents/lb, down 2.8% compared to the previous month. This shows that the international market is still affected by expectations of improved supply.

For Robusta, the Coffee Annual report of the Foreign Agricultural Services Agency of the US Department of Agriculture (USDA/FAS) forecasts that Vietnam’s coffee production in the 2026-2027 crop year will reach 32.5 million bags converted to green beans. The prospect of increased supply is a factor that can curb the upward momentum in the medium term.





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21 07, 2026

GBP/JPY Forecast 21/07: Stalls Near 220 Resistance Level

By |2026-07-21T13:15:52+03:00July 21, 2026|Forex News, News|0 Comments

The British Pound has been sideways in general against the yen on Monday, as we continue to see risk appetite cause some issues for a lot of assets. The pound continues to pay you at the end of every day to hold it here.

GBP/JPY

The British Pound has gone back and forth during the early part of the trading session here on Monday as we continue to see a lot of volatile trading in general. Keep in mind this is a pair that is highly sensitive to risk appetite, and therefore you have to be very realistic about what’s going on around the world. While we had recently seen the British Pound really take off against the Japanese Yen, recently we’ve seen a little bit of hesitation.

Interest Rate Differential Favors the Pound

The 216 Yen level looks to be support from what I can see, with the 220 Yen level above being resistance. Overall, I believe this is a market that will do everything it can to try to get to the upside as the interest rate differential continues to favor the British Pound. And of course, the Bank of Japan itself has a lot of issues when it comes to debt and the inflationary situation perhaps cooling off just a bit in the Japanese economy.

So, with that, I like the idea of finding dips every time we get them, taking advantage of them, and I have no interest in shorting. In fact, I’m quite comfortable adding to an already long position in little bits and pieces because you get paid at the end of every day. If we can break above the 220 Yen level, I think at that point we can really start to take off. But as things stand right now, I think more of a grind is probably to be expected.

Begin trading our daily forecasts and analysis. Here is a list of Forex brokers in Japan to work with.

Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions

As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire

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21 07, 2026

UK Stock Market Forecast Today (July 21): FTSE 100 Expected to Slip as Global Market Weakness Weighs on Sentiment– Check Key Stocks to Watch

By |2026-07-21T13:13:55+03:00July 21, 2026|Forex News, News|0 Comments


UK Stock Market Forecast Today (July 21 2026): The UK stock market forecast for today shows a underperforming, cautious outlook, with the benchmark FTSE 100 Index opening down at 10,523.88 points. Investor sentiment is constrained by domestic political changes and escalating geopolitical tensions in the Middle East, leading to a direct rise in the 10-year Gilt yield to 5.03%

The FTSE 100 Index begins the trading week on July 21, 2026, with a cautiously, standing at 10,600.37 points after gaining 0.27% over the week. The index has shown strong resilience compared with technology-focused global markets. However, continued pressure from the escalating U.S.-Iran geopolitical tensions and elevated crude oil prices is keeping global equities under strain. Analysts expect the UK stock market’s defensive structure and exposure to commodity-linked sectors to help it manage near-term market volatility.

UK Stock Market Forecast Today (July 21): FTSE 100 Market Outlook

You Might Be Interested In

The UK’s FTSE 100 is expected to open slightly lower as previous , with futures down about 0.1%, dragged by a global tech selloff and intensifying geopolitical tensions in the Middle East. The index previously hovered around the 10,560 mark, though it continues to outperform regional peers due to its lower exposure to technology stocks. 

FTSE 100 Previous Market Performance

Date Price Open High Low Change %
20-07-2026 10,524.76 10,600.27 10,600.27 10,512.76 -0.71%
17-07-2026 10,600.37 10,572.39 10,623.69 10,527.65 +0.27%
16-07-2026 10,572.24 10,514.96 10,572.24 10,447.55 +0.54%
15-07-2026 10,515.92 10,529.05 10,546.16 10,443.59 -0.13%
14-07-2026 10,529.39 10,498.70 10,552.56 10,422.98 +0.30%
13-07-2026 10,498.29 10,498.05 10,532.10 10,465.00 +0.01%
10-07-2026 10,497.29 10,471.94 10,513.90 10,462.75 +0.24%
09-07-2026 10,472.45 10,487.89 10,539.47 10,397.48 -0.16%
08-07-2026 10,489.04 10,666.09 10,666.09 10,467.01 -1.66%
07-07-2026 10,665.88 10,651.30 10,747.01 10,651.17 +0.13%

Why Could the UK Stock Market Remain Under Pressure Today?

Middle East Tensions Keep Investors Cautious

Investor sentiment is likely to remain subdued as rising tensions in the Middle East continue to create uncertainty across global markets. The geopolitical situation has contributed to higher crude oil prices, which could support energy stocks but also raise concerns about inflation, increased input costs and pressure on business margins.

Weak Global Market Trends Weigh on Sentiment

A lacklustre performance in global equity markets may impact London stocks during today’s trading session. Investors are closely watching economic indicators from major economies, including the US and China, along with corporate earnings reports, to assess the strength of global growth and market conditions.

Inflation and Interest Rate Outlook in Focus

Markets are also keeping a close eye on inflation data and future interest rate expectations. Any guidance from major central banks, especially the Bank of England, regarding monetary policy decisions could play a crucial role in determining investor confidence and the direction of UK equities.

UK Stock Market Key Driver Today

  • Oil Rally Supports Energy Stocks: Energy majors such as Shell and BP are expected to benefit as Brent crude oil prices climbed above $90 per barrel. The ongoing US-Iran conflict and disruptions to shipping through the Strait of Hormuz have boosted oil prices.
  • Political Transition in Focus: Investors are closely watching the new UK government as Labour leader Andy Burnham officially takes office as Prime Minister. Market attention is also on the announcement of his Cabinet, including the expected confirmation of Shabana Mahmood as Chancellor.
  • Defensive Nature of the FTSE: Despite continued weakness in global technology stocks that has weighed on the Nasdaq, the FTSE 100 has remained relatively resilient due to its limited exposure to large-cap technology companies and stronger representation of defensive sectors such as energy, financials, and consumer staples.

Key Factors to Watch in UK Stock Market Today

  • Developments in Middle East geopolitical tensions
  • Brent crude oil price movement
  • Global inflation trends
  • Bank of England interest rate outlook
  • Movement in the British pound against the US dollar
  • Corporate earnings announcements
  • Performance of global equity markets

FTSE Major Indices: Why They Matter

Index Importance
FTSE 100 Tracks the UK’s largest listed companies and global businesses
FTSE 250 Reflects UK-focused mid-cap companies and domestic economic sentiment
FTSE All-Share Represents a broader picture of UK equities
AIM All-Share Covers smaller and growth-oriented companies

UK Stocks to Watch Today

  • Energy Stocks : Companies such as Shell and BP could remain in focus as investors track crude oil prices and developments affecting global energy markets.
  • Banking Stocks: Major lenders may see movement based on interest rate expectations and investor views on economic growth.
  • Mining Companies: Mining stocks could remain sensitive to developments in China’s economy and commodity demand outlook.
  • Housing Sector: Property-related companies may continue to react to changes in borrowing costs and expectations around UK interest rates.

What Should Investors Know?

The UK market is likely to witness headline-driven trading on Friday, with geopolitical developments, economic data and corporate results shaping investor sentiment. While expectations of a stable inflation environment may support hopes of easier monetary policy, uncertainty around global growth and international conflicts remains a key risk factor. Investors are expected to closely monitor FTSE 100 movements, currency trends, oil prices and company-specific developments before taking positions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult a qualified financial advisor before making investment decisions. Stock market investments are subject to market risks.



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21 07, 2026

EUR/JPY Price Forecast: Holds gains above 185.50 near nine-day EMA support

By |2026-07-21T09:14:52+03:00July 21, 2026|Forex News, News|0 Comments

EUR/JPY edges higher after three days of losses, trading around 185.50 during the Asian hours on Tuesday. The currency cross is holding above both the nine-day and 50-day Exponential Moving Averages (EMAs), which reinforces a mildly bullish near-term bias.

The EUR/JPY cross is pressing into the upper end of its recent range while the 14-day Relative Strength Index (RSI) around 53 suggests constructive but not overstretched momentum. The daily chart technical analysis shows the currency cross is remaining within the ascending triangle, signalling aggressive buying pressure.

The EUR/JPY cross may find the initial resistance at the triangle’s upper boundary around 186.10. A decisive break above the triangle could trigger a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.

On the downside, immediate support sits at the nine-day EMA of 185.46, with additional backing at the 50-day EMA of 185.12 and the lower edge of the ascending triangle near 185.00. A breakdown below the triangle pattern would undermine the bullish setup, exposing the EUR/JPY cross to deeper downside toward the March 16 five-month low of 181.87 and the seven-month low of 180.81.

EUR/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.04% -0.08% 0.00% -0.01% -0.16% -0.41% 0.00%
EUR 0.04% -0.04% 0.06% 0.03% -0.10% -0.37% 0.04%
GBP 0.08% 0.04% 0.11% 0.08% -0.05% -0.33% 0.09%
JPY 0.00% -0.06% -0.11% -0.01% -0.15% -0.43% 0.00%
CAD 0.00% -0.03% -0.08% 0.01% -0.14% -0.40% 0.01%
AUD 0.16% 0.10% 0.05% 0.15% 0.14% -0.27% 0.14%
NZD 0.41% 0.37% 0.33% 0.43% 0.40% 0.27% 0.41%
CHF -0.01% -0.04% -0.09% -0.00% -0.01% -0.14% -0.41%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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21 07, 2026

MUFG Euro To Pound Forecast: EUR/GBP Recovery Targeted At 0.8700

By |2026-07-21T05:14:08+03:00July 21, 2026|Forex News, News|0 Comments

Currency analysts at MUFG predict the Euro to recover ground against the Pound Sterling over the coming months, forecasting the Euro-Pound rate will strengthen to 0.8700 as Sterling’s recent rally fades and UK political optimism proves difficult to sustain.

The Euro to Pound exchange rate (EUR/GBP) traded close to 0.85 on Monday after falling to its lowest levels of 2026, leaving the Pound at its strongest against the Euro this year, but MUFG believes the move has gone too far.

Latest — Exchange Rates:
Euro to Pound (EUR/GBP): 0.848625 (-0.18%)
Pound to Dollar (GBP/USD): 1.345012 (-0.03%)
Euro to Dollar (EUR/USD): 1.14141 (-0.21%)

The Pound has outperformed most major currencies this month after political developments in the UK boosted investor confidence. Reports that incoming Prime Minister Andy Burnham is likely to appoint a fiscally conservative Chancellor have also helped reduce concerns over the government’s economic direction.

MUFG believes those political tailwinds have been an important driver of Sterling’s gains, but questions whether they can continue.

“The pound has continued to trade at stronger levels after strengthening sharply in response to media reports surrounding the new government.”

The bank argues that markets have already priced in much of the near-term political optimism.

“We are cautious about chasing Sterling strength from current levels.”

MUFG also notes that the Euro has been weighed down by higher energy prices and concerns over the regional growth outlook following tensions in the Middle East. However, it expects those headwinds to fade gradually as markets refocus on relative valuations.

foreign exchange rates

“The recent move in EUR/GBP looks overextended.”

While MUFG acknowledges that the Bank of England is likely to keep policy relatively restrictive in the near term, it believes expectations for UK growth and fiscal policy have become increasingly optimistic.

“Current market pricing leaves room for EUR/GBP to recover.”

Near-Term EUR/GBP Forecast: MUFG Sees Recovery Towards 0.8700

MUFG continues to forecast EUR/GBP rising to 0.8700, implying the Pound will surrender part of its recent gains against the Euro.

“We forecast EUR/GBP at 0.8700.”

The bank believes the combination of fading political optimism in the UK, stretched Sterling positioning and a stabilisation in the Eurozone outlook should allow the Euro to recover over the coming months. While the Pound could remain supported in the very near term, MUFG expects gains beyond current levels to prove increasingly difficult to sustain.

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