The Pound is seen buying €1.1730 at present - a decent rate when compared to the exchange rate's performance thus far in 2017. But, the outlook bodes for further weakness we are told.
The Euro is set to gain ground versus the Dollar and rise to 1.2000 by the end of 2017, forecasts HSBC’s Chief FX Strategist David Bloom.
Analysts at Nomura have told clients they believe positive fundamentals continue to underpin the Euro exchange rate complex and markets are yet to fully accept the European recovery story.
HSBC have updated clients with their view on potential moves in the Euro on the outcome of this weekend’s first-round of the French presidential election.
Exchange your Pounds for Euros now in anticipation of a Euro recovery is the opinion at one of Europe’s largest financial services providers.
The Euro is forecast to extend losses against the Pound for at least one month say strategists at Standard Chartered.
The EUR/GBP exchange rate has been consolidating within a range since November 2016, however, the next move is likely to probe lower according to analysts at J.P Morgan.
“While the biggest adjustment in Sterling is likely behind us, we think it is too early to turn bullish on the GBP”
The Euro is forecast to come under further pressure against the British Pound argue analysts at Barclays and KBC Markets.
Pound Sterling is undervalued, but will get even cheaper before the year is out argues a new analysis released by French investment banking giant Societe Generale.
The Euro to Pound Sterling exchange rate (EUR/GBP) is likely to reestablish its former dominance argues a new analysis of the pair.
The Pound has started to move lower in the run up to the triggering of Article 50.
The big question for Pound Sterling at the present time is whether or not it has fully absorbed the negative implications of Brexit.
The Euro is one of the G10 currencies with the most upside potential at the moment according to many market commentators.
A series of higher highs and higher lows is unfolding on the GBP/EUR four-hour chart could be indicative of the beginning of a short-term uptrend.
Foreign exchange strategists at Deutsche Bank have conceded they might have previously been a little to negative on the Euro’s prospects against the US Dollar.
Strategists at Credit Suisse have recommended buying the Euro and selling Pound Sterling in the short-term in anticipation of further politically-inspired weakness in the latter.
Pound Sterling has fallen below another key level as markets absorb the Euro-positive tone communicated by the ECB at their March policy meeting.
Euro bulls must have cheered after EUR/GBP pierced clearly above a major five-month trendline on Monday, March 6.
GBP/EUR lost a substantial amount of ground last week and its likely to continue after breaking below a key trendline on the daily chart.
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