# OCBC Sees Pound Firm Against Euro but Weaker Against Dollar

> OCBC projects EUR/GBP at 0.83 from December 2026 through September 2027, versus 0.8340 on Oct 30, and GBP/USD falling to 1.31 by March 2027 from 1.34. The bank says substantial BoE tightening is already priced in, and further sterling gains need stronger UK data. The OBR forecasts UK growth of 1.2% in 2026.

- Date: 2026-11-02 · published 2026-11-03T00:09:59.485Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/76430-ocbc-sees-pound-firm-against-euro-but-weaker-against-dollar
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar-pound path implies firmer dollar commodity prices in sterling terms, and the forecast signals limited pound upside beyond current BoE pricing. The impact on feed markets is small.

## Read by commodity

- EURUSD: neutral
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-11-14 | [ECB Bond-Buying Weakened Euro 12% Against Dollar, Study Finds - Bloomberg](https://feedsoft.ai/events/62237-ecb-bond-buying-weakened-euro-12-against-dollar-study-finds-bloomberg.md) | +0.9% | +0.6% |
| EURUSD | 2021-04-22 | [Euro and U.S. dollar waffle as markets weigh ECB policy talk](https://feedsoft.ai/events/47818-euro-and-u-s-dollar-waffle-as-markets-weigh-ecb-policy-talk.md) | +0.5% | +1.5% |
| EURUSD | 2020-12-09 | [ECB Euro Cheat Sheet: Weak Dollar Trend Makes It More Difficult To Reverse EUR/USD Gains](https://feedsoft.ai/events/49862-ecb-euro-cheat-sheet-weak-dollar-trend-makes-it-more-difficult-to-reverse-eur.md) | +0.4% | +1.2% |
| EURUSD | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | -0.4% | +0.4% |
| EURUSD | 2024-12-10 | [Euro-dollar has hit the floor, but don't expect a bounce \| Oxford Economics](https://feedsoft.ai/events/27177-euro-dollar-has-hit-the-floor-but-don-t-expect-a-bounce-oxford-economics.md) | -0.5% | -2.4% |

## Sources

- econotimes.com: https://econotimes.com/OCBC-Sees-Pound-Firm-Against-Euro-but-Weaker-Against-Dollar-1768645

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.