22 GBP = 24.92 EUR. 1300 GBP = 1,472.51 EUR. EUR to GBP forecast for July 2023. Euro to Pound forecast for February 2025. 80 GBP = 90.62 EUR81 GBP = 91.75 EUR. The Forecast of the Euro to Pound Sterling for tomorrow, for a week, for a month for 2020, 2021, 2022. The averaged exchange rate 1.179. EUR to GBP forecast for January 2026. 12200 GBP = 13,818.94 EUR. The change for today +0.0002 Euros, +0.02%. According to apress release by the ECB, the bank will continue to take aggressive measures to fight inflation, which could indicate potential support for the euro: The euro dipped below the 99-cent mark on5 SeptemberasRussia exacerbated the continents energy crisis by shutting off its main gas artery to Europe,the Nord Stream 1 pipeline, thus setting the stage for acold winter ahead for businesses and households in the region. 86 GBP = 97.41 EUR. Silver has been used as MONEY for thousands of years, Jesus was sold out for 30 pieces of silver, and i'm pretty sure they weren't even an ounce each. High exchange rate 1.149, low 1.103. 8 GBP = 9.06 EUR. 470 GBP = 532.37 EUR. The averaged exchange rate 0.828. 450 GBP = 509.72 EUR. Forex analytics, signals. 12600 GBP = 14,272.02 EUR. GBP to EUR forecast for April 2026. Pound to Euro forecast on Thursday, March, 16: exchange rate 1.138 Euros, maximum 1.155, minimum 1.121. Applications for CEAP typically take 30-45 minutes. 9400 GBP = 10,647.38 EUR. 10400 GBP = 11,780.08 EUR. Maximum 0.884, minimum 0.858. Euro to Pound forecast on Friday, March, 24: exchange rate 0.881 Pounds, maximum 0.894, minimum 0.868. USD to INR forecast rates for next 7 days, 30 days and 90 days are also provided in the above currency forecast table. 190 GBP = 215.21 EUR. On the low end, EUR/GBP rates lost -1.68%, their worst weekly loss since mid-November 2021. This stance during 2021 and the central bank is still buying bond through quantitative easing. 480 GBP = 543.70 EUR. GBP to EUR forecast at the end of the month 1.197, the change for December 0.7%. Maximum 0.887, minimum 0.861. The pound rose to its highest against the Euro since January 20th, moving comfortably above the 1.14 interbank rate. Pound to Euro forecast on Friday, March, 10: exchange rate 1.133 Euros, maximum 1.150, minimum 1.116. 89 GBP = 100.81 EUR. 5 per ounce, moving further away from a 1-1/2-month low of $18. 1500 GBP = 1,699.05 EUR. In the beginning at 0.882 Pounds. The ECB move to tighten policy will tend to cap GBP/EUR support and, given UK vulnerability, most banks have cut their GBP/EUR forecasts. The firm has a 50-day moving average price of $55.67 and a 200 day moving average price of $51.55. GBP to EUR forecast at the end of the month 1.141, the change for April -0.3%. The underlying inflation rate also increased to a record high of 3.8% from 3.5%. Maximum rate 86.69, minimum 84.13. Maximum 1.150, minimum 1.108. In the beginning at 1.129 Euros. Euro to Pound forecast for August 2023. EUR/USD had asteady downtrend across the lastyear. Euro to Dollar forecast for the upcoming days The averaged exchange rate 0.890. EUR to GBP forecast on Wednesday, March, 15: exchange rate 0.887 Pounds, maximum 0.901, minimum 0.874. Euro to Pound forecast for December 2024. 2010-2023 The Economy Forecast Agency. In the beginning at 1.111 Euros. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The12:00 to 16:00 window is when the US and European markets are open and liquidity is high. 4000 GBP = 4,530.80 EUR4100 GBP = 4,644.07 EUR. The euro has been rising on the back of aggressive actionby the European Central Bank (ECB), moderately positive economic news in the eurozone, and theslowing of the US Federal Reserves (Fed) interest rate hiking cycle, which could reduce the dollars attractiveness as a safe-haven asset. 54 GBP = 61.17 EUR. It adds; Net asset purchases could be concluded already at the end of June, or by mid-July at the latest., According to DBS Bank; ECB hawkish rhetoric is driving the cart. In the beginning at 0.874 Pounds. EUR to GBP forecast at the end of the month 0.856, the change for May -0.3%. Pound to Euro forecast for January 2026. GBP to EUR forecast at the end of the month 1.184, the change for July 0.1%. In the beginning at 0.826 Pounds. EUR to GBP forecast at the end of the month 0.871, the change for August -1.2%. The averaged exchange rate 0.843. If you rely on the information on this page then you do so entirely on your own risk. HSBC commented; The consumer outlook has taken a big turn for the worse, as the real income squeeze bites hard. The averaged exchange rate 0.593. 2800 GBP = 3,171.56 EUR. USD to EUR Forecast: Tomorrow, Week, Month, 2020-2022 | AllForecast.com The Forecast of the US Dollar to Euro for tomorrow, for a week, for a month for 2020, 2021, 2022. Maximum 1.179, minimum 1.141. In the beginning at 1.171 Euros. 65 GBP = 73.63 EUR. EUR to GBP forecast on Wednesday, March, 29: exchange rate 0.876 Pounds, maximum 0.890, minimum 0.864. In the longer term, its euro forecast for 2025 saw the rate falling to come in at an average of $1.022 by the end of the year. Always do your own research and consider the latest market trends and news, technical and fundamental analysis, and expert opinion before making any investment decisions. Forecast chart, table. GBP to EUR forecast on Tuesday, March, 21: exchange rate 1.138 Euros, maximum 1.155, minimum 1.121. 4700 GBP = 5,323.69 EUR. GBP to EUR forecast at the end of the month 1.171, the change for May 2.2%. 350 GBP = 396.45 EUR. In the beginning at 1.138 Euros. 43 GBP = 48.71 EUR. Euro to Canadian Dollar forecast for the upcoming days EUR/CAD Target Rate Pound to Euro forecast on Tuesday, March, 14: exchange rate 1.129 Euros, maximum 1.146, minimum 1.112. 36 GBP = 40.78 EUR. The EUR/USD weekly forecast is bearish as the Fed will likely raise and keep rates high for longer due to the US economy's resilience. 2300 GBP = 2,605.21 EUR. Euro to Pound forecast on Thursday, March, 30: exchange rate 0.874 Pounds, maximum 0.887, minimum 0.861. EUR to ZAR prediction for December 2023. The difference between trading assets and CFDs. EUR/USD closed the year above parity once again at $1.0726, having sustained growth of 9.4% over a period of three months. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. EUR to GBP forecast at the end of the month 0.879, the change for January -0.3%. In the beginning at 0.873 Pounds. 170 GBP = 192.56 EUR. In the beginning at 0.871 Pounds. There are two labor markets in the U.S. nowadays. 400 GBP = 453.08 EUR410 GBP = 464.41 EUR. EUR to GBP forecast at the end of the month 0.871, the change for March -1.0%. GBP to EUR forecast at the end of the month 1.168, the change for May 0.3%. However, the conditions started recovering in 2021, thereby restoring the . The averaged exchange rate 0.885. In the beginning at 1.180 Euros. 10 GBP = 11.33 EUR11 GBP = 12.46 EUR. 55 GBP = 62.30 EUR. GBP to EUR forecast for June 2026. The averaged exchange rate 0.843. Maximum 0.839, minimum 0.814. EUR to GBP forecast for March 2026. 840 GBP = 951.47 EUR. In the beginning rate at 0.904 Pounds. In the beginning at 1.112 Euros. In the beginning at 0.900 Pounds. In the beginning at 1.164 Euros. 10800 GBP = 12,233.16 EUR. EUR to GBP forecast at the end of the month 0.833, the change for September -1.1%. The averaged exchange rate 1.197. In the beginning at 0.845 Pounds. Maximum 1.189, minimum 1.146. The ECB has turned more hawkish, but there are also important reservations surrounding the Euro-Zone economic outlook, especially given the war in Ukraine. 6300 GBP = 7,136.01 EUR. The averaged exchange rate 1.195. A detailed forecast of the Euro/Canadian Dollar rate can be found in the table below. EUR to CAD Forecast, Long-Term Rate Predictions for Next Months and Year: 2023, 2024 Walletinvestor.com EUR to CAD forecast* for tomorrow, and next weeks based on the last 30 days Get our PREMIUM Forecast Now, from ONLY $7.49! EUR to GBP forecast at the end of the month 0.889, the change for March 2.2%. Select Add to Home Screen, then Add. Euro to Pound forecast for June 2025. Past profits do not guarantee future profits. In the beginning at 1.150 Euros. 3000 GBP = 3,398.10 EUR3100 GBP = 3,511.37 EUR. Overall, inflation in the euro area is forecast to increase from 2.6% in 2021 (2.9% in the EU) to 3.5% (3.9% EU) in 2022, before declining to 1.7% (1.9% EU) in 2023. In the beginning at 0.887 Pounds. Although the easing of pandemic-related restrictions in Europe will provide an important source of momentum in the coming months (especially for the services sector), the pandemic is still contributing to global bottlenecks, while the energy shock and the war will continue to exert an adverse impact on domestic activity. The averaged exchange rate 0.902. It notes; Although lower yields provide relief, these countries will face similar interest costs as a share of GDP at lower yield levels than in 2011. 70 GBP = 79.29 EUR71 GBP = 80.42 EUR. In the beginning at 1.168 Euros. As of 2023 February 28, Tuesday current rate of EUR/PKR is 272.438 and our data indicates that the currency rate has been in an uptrend for the past 1 year (or since its inception).. Euro / Pakistani Rupee has been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. 180 GBP = 203.89 EUR. As of 2023 March 03, Friday current rate of EUR/AED is 3.897 and our data indicates that the currency rate has been in a downtrend for the past 1 year (or since its inception). Maximum 0.864, minimum 0.838. GBP to EUR forecast for December 2024. EUR to GBP forecast at the end of the month 0.900, the change for February 1.4%. 2000 GBP = 2,265.40 EUR2100 GBP = 2,378.67 EUR. The averaged exchange rate 0.855. GBP to EUR forecast for December 2025. 1900 GBP = 2,152.13 EUR. The FXStreet Forecast Poll about EUR/GBP ( Euro Pound) is a sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00. In the beginning at 1.123 Euros. Euro to Pound forecast on Wednesday, March, 8: exchange rate 0.887 Pounds, maximum 0.900, minimum 0.873. EUR to GBP forecast at the end of the month 0.847, the change for March -2.3%. 82 GBP = 92.88 EUR. EUR to GBP forecast at the end of the month 0.905, the change for May 0.1%. EUR to GBP forecast at the end of the month 0.861, the change for September -1.7%. In the beginning at 0.841 Pounds. The averaged exchange rate 22.68. The averaged exchange rate 0.876. 33 GBP = 37.38 EUR. In the beginning at 1.146 Euros. EUR to GBP forecast at the end of the month 0.873, the change for April -1.8%. Maximum 0.855, minimum 0.829. Please refer to our Risk Disclosure Statement. In the beginning at 1.173 Euros. The averaged exchange rate 1.119. 84 GBP = 95.15 EUR. The EUR to GBP forecast at the end of the month 0.905, change for August 0.1%. Coca-Cola Europacific Partners PLC has a 12-month low of $41.80 and a 12-month high of $57.63. Pound-to-Euro Forecast for Week Ahead: Where Next for GBP/EUR Exchange Rate Buyers? In the beginning at 0.880 Pounds. 77 GBP = 87.22 EUR. Last week, the ECB cut its Eurozone growth forecast for the next year to 4.2 percent from 4.6 percent previously. At the time of writing, Bloomberg's FX model forecasts a 74% chance that EURUSD will trade within the 1.0476 - 1.0729 range, using current levels as a base, over the next one week. Euro to Pound forecast for April 2024. In the beginning at 0.873 Pounds. 3300 GBP = 3,737.91 EUR. 49 GBP = 55.50 EUR. In the beginning at 0.882 Pounds. 12700 GBP = 14,385.29 EUR. Maximum 0.846, minimum 0.821. 380 GBP = 430.43 EUR. 3400 GBP = 3,851.18 EUR. 850 GBP = 962.80 EUR. Inverse rate: USD to EUR. In the beginning rate at 0.905 Pounds. 220 GBP = 249.19 EUR. In the beginning at 0.854 Pounds. Pound to Euro forecast for January 2024. EUR to GBP forecast at the end of the month 0.880, the change for October 0.1%. EUR to GBP forecast at the end of the month 0.894, the change for May 2.4%. EUR to GBP forecast for September 2023. Negotiations will continue, but markets are wary over the threat of EU retaliation. The change -0.0050, -0.56%. The change for today +0.0026 US Dollars, +0.25%. 9200 GBP = 10,420.84 EUR. EUR to GBP forecast for March 2025. Maximum 1.198, minimum 1.154. Pound to Euro forecast for November 2023. Pound to Euro forecast for May 2026. 980 GBP = 1,110.05 EUR. The concerns over the Northern Ireland protocol had done little. 13700 GBP = 15,517.99 EUR. Best Australian Dollar rate? Similarly, in the Euro area, the ECB is widely anticipated to ease policy further next month in response to lower inflation than previously forecast. Maximum 1.186, minimum 1.150. Maximum 1.173, minimum 1.126. On the other hand, an above-forecast contraction in the. Maximum 1.146, minimum 1.112. EUR to GBP forecast for March 2027. The averaged exchange rate 1.147. Maximum 0.854, minimum 0.829. Pound to Euro forecast for May 2023. Maximum 0.899, minimum 0.873. The exchange rate is updated every 15 minutes. Pound to Euro Forecast: 1.1328 in Three Months Pound to Euro Forecast: 1.1328 in Three Months Predictions and Pound to Euro exchange rate forecasts from market pricing sources,. Sinn Fein became the largest party in the Assembly, but the Brexit dispute has prevented the formation of a government with the DUP insisting on changes to the protocol before engaging. Maximum 1.158, minimum 1.124. 24 GBP = 27.18 EUR. The average for the month 1.147. Maximum 1.158, minimum 1.124. Maximum 0.907, minimum 0.873. The stock has a 50-day simple moving average of $55.67 and a 200 day simple moving average of $51.55. EUR to GBP forecast for January 2027. EUR to GBP forecast at the end of the month 0.890, the change for July -1.0%. EUR to GBP forecast for September 2026. The pound ended the month of February in a positive state following positive signals from Rishi Sunak's Windsor Framework. GBP to EUR forecast at the end of the month 1.136, the change for October -0.2%. In view of the underlying inflation pressures, the Governing Council intends to raise interest rates by another 50 basis points at its next monetary policy meeting in March and it will then evaluate the subsequent path of its monetary policy.. EUR to GBP forecast at the end of the month 0.882, the change for July -0.7%. GBP to EUR forecast on Thursday, March, 9: exchange rate 1.128 Euros, maximum 1.145, minimum 1.111. NYSE CCEP opened at $55.66 on Friday. 10000 GBP = 11,327.00 EUR10100 GBP = 11,440.27 EUR. 13600 GBP = 15,404.72 EUR. GBP to USD forecast on Tuesday, March, 7: exchange rate 1.186 Dollars, maximum 1.204, minimum 1.168. Pound to Euro forecast for March 2027. Maximum 0.901, minimum 0.858. Maximum 0.908, minimum 0.881. 68 GBP = 77.02 EUR. 5600 GBP = 6,343.12 EUR. Gold Fields accounts for 2.6% [] As of 8 February 2023, the EUR/USD exchange rate was at 1.0731, up 5.23% in the last six months. 14500 GBP = 16,424.15 EUR. GBP to EUR forecast at the end of the month 1.162, the change for September 1.8%. Forex analytics, signals. Maximum 0.888, minimum 0.853. At the time of Compare best exchange rates GBP to EUR forecast at the end of the month 1.129, the change for November -0.6%. EUR to USD forecast for August 2023. 13800 GBP = 15,631.26 EUR. The gas stoppageis another blow to the European economic outlook, which has left the euro weak in the near term due to governance-related risks, Piet Haines Christiansen, chief strategist at Danske Bank in Copenhagen, told Bloomberg on 4 September. 140 GBP = 158.58 EUR. Euro to Pound forecast for April 2026. The euro has been in a downtrend since the Global Financial Crisis, but blink and you would have missed the currency's performance over the last six months. 64 GBP = 72.49 EUR. In the beginning at 0.873 Pounds. In . The averaged exchange rate 0.885. Maximum 0.601, minimum 0.580. In the beginning at 1.189 Euros. Maximum 1.122, minimum 1.088. GBP to EUR forecast at the end of the month 1.119, the change for May -2.3%. 9600 GBP = 10,873.92 EUR. In the beginning at 0.835 Pounds. 90 GBP = 101.94 EUR91 GBP = 103.08 EUR. And central banks tightening liquidity conditions through higher policy rates and shrinkingbalance sheets will only exacerbate the liquidity problems already present in financial markets. We see further 25bp moves in September and December this year and then quarterly in 2023, which would leave the deposit rate at 1.25% at the end of next year. The ECB has consistently battled against low inflation since the 2008 global financial crash and maintained interest rates at extremely low levels. Although there will be barriers to significant ECB tightening, the central bank expects that negative rates will come to an end this year. The averaged exchange rate 1.142. 430 GBP = 487.06 EUR. 23 GBP = 26.05 EUR. AUD to EUR prediction for June 2023. 60 GBP = 67.96 EUR61 GBP = 69.09 EUR. Maximum 0.918, minimum 0.890. Forecast chart, table. 7300 GBP = 8,268.71 EUR. Maximum 0.889, minimum 0.860. Maximum 0.895, minimum 0.869. 200 GBP = 226.54 EUR210 GBP = 237.87 EUR. EUR to GBP forecast at the end of the month 0.876, the change for December -2.6%. 260 GBP = 294.50 EUR. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. In the beginning at 0.888 Pounds. Maximum 0.858, minimum 0.832. 87 GBP = 98.54 EUR. It forecast the rate could average $1.19 in 2031 before edging up to $1.35in 2032. 14200 GBP = 16,084.34 EUR. EUR to GBP forecast at the end of the month 0.904, the change for April 0.8%. Finland has alsosaidit will stabilise the power market with a 10bn ($9.95bn)programme. Euro to Pound forecast for February 2024. EUR to GBP forecast at the end of the month 0.888, the change for June -0.7%. In the beginning at 1.146 Euros. 600 GBP = 679.62 EUR610 GBP = 690.95 EUR. 6200 GBP = 7,022.74 EUR. Maximum 1.146, minimum 1.095. In the beginning at 1.197 Euros. The bank has, however, already expressed reservations over the economic outlook and fears over plunging the economy into recession are likely to limit monetary tightening. Pound to Euro forecast for September 2025. An important factor in global currency markets is that the Euro and Pound Sterling exchange rates are both seen as vulnerable. The averaged exchange rate 0.890. The average rate for the month 85.73. In his foreign exchange analysisfrom 8 February, ING Groups Francesco Pesolebelieved the EUR/USD pair could dip in the near future: We think that further explorations below 1.0700 are possible in the coming days, but it looks like they will mostly depend on dollar moves.. 6800 GBP = 7,702.36 EUR. EUR to GBP forecast for July 2026. In the beginning at 1.183 Euros. 940 GBP = 1,064.74 EUR. In the beginning at 0.886 Pounds. Tap Add to homescreen, then Add. Pound to Dollar forecast on Wednesday, March, 8: exchange rate 1.183 Dollars, maximum 1.201, minimum 1.165. ThePMI showed business activity in January was at a six-month high, while the composite PMI increased for the third month in a row to 50.8from 49.8 in December. 830 GBP = 940.14 EUR. 790 GBP = 894.83 EUR. Maximum 1.228, minimum 1.192. The averaged exchange rate 1.187. At the June ECB meeting, policymakers pre-committed to a rate hike the first in over a decade as central bankpresident Christine Lagarde, as well as the institutionspolicymakers,looked to fight inflation. GBP to EUR forecast at the end of the month 1.138, the change for January 0.4%. The averaged exchange rate 0.836. Forecast chart, table. Since the train's derailment on Feb. 3, GATX's stock has shed 7.7%, Trinity shares have slipped 3.0% and Norfolk Southern's stock has slumped 9.6%, while the S&P 500 SPX has eased 3.0%. Maximum 1.155, minimum 1.118. The averaged exchange rate 1.131. Maximum 0.902, minimum 0.875. Euro Pacific Asset Management LLC reduced its stake in Gold Fields Limited (NYSE:GFI - Get Rating) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. 57 GBP = 64.56 EUR. GBP to EUR forecast on Wednesday, March, 15: exchange rate 1.127 Euros, maximum 1.144, minimum 1.110. 670 GBP = 758.91 EUR. AI Pickups forecast for 2023 saw the EUR/USD pair averaging around $1.17, before rising to $1.29 in 2024, $1.37 in 2025, and $1.42 in 2026. In the beginning at 0.899 Pounds. 25 GBP = 28.32 EUR. By far and away, the euro has been the best-performing G-10 currency in that period, recording just over an 8% total return during that 6-month period. What will be the price / value / worth of 1 Bitcoin (BTC) in 2025? 48 GBP = 54.37 EUR. GBP to EUR forecast at the end of the month 1.126, the change for June 0.6%. Euro to Rupee forecast for April 2023. The change for today +0.0064 Euros, +0.57%. The Bank of England has increased interest rates to 1.00% and expects that there will be further hikes over the next few months to combat inflation which has hit 9.0%.. High exchange rate 1.166, low 1.132. 7200 GBP = 8,155.44 EUR. In the beginning at 0.873 Pounds. The averaged exchange rate 0.885. The EU has reached agreement on an embargo of Russian oil imports with imports expected to decline 90% by the end of 2022. The averaged exchange rate 1.156. The German Chancellor is one of the most influential people in the EU, so some people may wish to . In the beginning at 1.134 Euros. 4800 GBP = 5,436.96 EUR. EUR to GBP forecast at the end of the month 0.873, the change for October 1.4%. The averaged exchange rate 1.145. Maximum 1.200, minimum 1.162. The averaged exchange rate 0.876. Maximum 0.913, minimum 0.873. In the beginning at 0.847 Pounds. The GBPEUR exchange rate has drifted to below 1.1750 and well below 5-year highs near 1.22 in March. In the beginning at 1.182 Euros. It adds; the UK economy is slowing, and the market has already priced in a lot of the rate hikes already, so relative rate trends are less helpful than they were previously.. In the beginning at 1.148 Euros. GBP to EUR forecast for August 2025. Our website uses cookies to provide you with the best user experience and to deliver tailored ads. At the same time, yet another stimuli package from Germany is an attempt to keep growth afloat, which makes inflation forecasting and the job for the ECB more tricky.. EUR to GBP forecast for November 2025. The averaged exchange rate 0.878. EUR to GBP forecast for May 2025. Euro to Pound forecast for April 2025. GBP to EUR forecast at the end of the month 1.106, the change for April -0.8%. Maximum 0.903, minimum 0.870. Maximum 1.165, minimum 1.131. Euro to Pound forecast on Tuesday, March, 14: exchange rate 0.886 Pounds, maximum 0.899, minimum 0.873. In the beginning at 0.871 Pounds. GBP to EUR forecast at the end of the month 1.154, the change for February -3.0%. 45 GBP = 50.97 EUR. 7800 GBP = 8,835.06 EUR. In the beginning at 0.875 Pounds. GBP to EUR forecast for October 2025. In the beginning at 1.141 Euros. 79 GBP = 89.48 EUR. Euro to Pound forecast for October 2026. Energy prices have been a major contributor to the rise in inflation energy is expected to have the highest annual rate (17.2%, downfrom25.5% in December), followed by food, alcohol and tobacco (14.1%, against 13.8% in December). The averaged exchange rate 1.108. CIBC expects this will be an important turning point. GBP to EUR forecast for August 2024. The mainstream view is blaming a temporary rise in energy prices and the stimulus packages governments offered to shield the economy from the effects of . Maximum 1.176, minimum 1.127. In the beginning at 0.846 Pounds. And while a full halt to Russia gas exports is not our expectation, any perceived change in the probability of that outcome can affect markets, given the severity of the possible impact on Euro Area growth., Rabobank expects ECB rate hikes will support the Euro, but also notes the economic vulnerability; In anticipation of a July interest rate rise from the ECB, we see the potential for a gentle move towards EUR/GBP 0.86 into the summer, though upside potential in the currency pair is likely to be limited into year-end in view of recessionary risks faced by the Euro-zone..