The Euro to Pound is showing a bearish bias on its charts despite recent calls - from UBS - that that pair will reach parity by the end of the year.
The impact of a loss of access to the EU for the UK services sector will put the country's current account deficit under increased pressuer, and the Pound will have to respond accordingly.
GBP/AUD is currently unfolding in a bearish measured move, also known as an a-b-c-d pattern, lower.
EUR/GBP is at the start of a downtrend, according to Forex.com’s market analyst Fawad Razakzada, and it will probably remain in a bearish mode for the foreseeable future.
Recent figures from the Bank of England (BOE) showed a sharp decline in Gilt purchases by foreign investors in December, which was probably a function of the stronger Pound.
The EUR/GBP exchange rate is rising in a strong short-term uptrend which is expected to continue.
The Euro to Pound exchange rate is rising, mainly because of the Euro’s pro-risk averse properties, but also due to increased Brexit hype pressurizing the Pound.
The Pound is going down but the Euro is going even lower, says Bank of America Merrill Lynch’s Head of FX Strategy David Woo.
The Euro’s strength is likely to be a short-lived affair says analyst.
An improved outlook for the economy is unlikely to offset weakness caused by extended Brexit insecurity.
With a plethora of various elections and the rise of the political right the outlook for Europe is very uncertain and this is rubbing off on the Euro; the Pound meanwhile provides a close repository for flows from a crisis-hit Europe, conclude SEB Bank.
The currency markets were tipped on their head following the crowning of Donald Trump as the new president of the USA, with a consequence that the Pound is set to rise in most pairs and the Euro to fall because of increasing political risk.
EUR/GBP has been in a strong uptrend since breaking out above the 0.7490 range highs in January.