GBP/EUR has pulled back sharply from its 1.20 highs but it remains a little too early to tell whether the pair has started a new bearish downtrend yet or not.
Pound to Euro Recovery After Breakout Losses Momentum - More Downside Now On the Cards?
Record-high hedging of UK assets by foreign owners ahead of the EU referendum could lead to a currency crisis argues a new publication from a global investment bank.
The British pound to euro exchange rate (GBP/EUR) is under significant pressure following news that the UK’s rate of inflation has hit record lows.
The pound sterling (GBP) is forecast to see its recent solid run against the euro run into strong resistance.
Currency markets have extinguished the euro’s hard-won gains registered at the beginning of the first week of February.
Bank of America Merrill Lynch appears to be split on where the pound sterling is headed against the euro.
Foreign exchange volumes are forecast to fall in coming days but there are still two key event risks ahead for the British pound.
The British pound advanced in the mid-week session after it was shown that wage growth in the United Kingdom is starting to convincingly outpace inflation.
Despite a recent bout of euro strength the British pound is forecast to maintain a solid tone against its Eurozone rival.
Analysts are forecasting the pound to trade in subdued fashion against the euro in coming months.