How will the pound fare against the euro in 2023?
Our expert panel predicted the value of the euro against the pound in July and at the end of 2023. 5 out of 6 panellists (83%) believe the pound will weaken against the euro by July 2023 (vs the rate of EUR/GBP £0.88 on 27.02.2023). The average prediction for July 2023 was EUR/GBP £0.92
By the end of 2023, half of the panel thinks the pound will strengthen compared to its current rate, whilst the other half thinks the pound will weaken. The average prediction for December 2023 was EUR/GBP £0.91.
5 out of 6 (83%) panellists believe the Northern Ireland Protocol needs to be resolved, in order to have a strong pound against the euro. It was further noted that the euro may decline in value due to fiscal issues in southern European countries.
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