Analysts at Danske Bank have revised their Euro exchange rate forecasts and found that the British Pound is likely to advance further on the single-currency than had previously been anticipated during 2018.
A forecast update from the team at Danske Bank: They have nudged their targets in favour of Sterling following the Bank of England's February policy event.
The Pound-to-Euro exchange rate is said to be biased towards further weakness as the Bank of England is likely to fall short of market expectations this Thursday.
The US dollar is forecast to subside against both the pound and euro over coming months according to the latest forecasts issued by Denmark’s Danske Bank.