Pound Sterling was seen outperforming its major rivals in mid-week trade following comments from a key Bank of England member.
An uncompromising technical assessment of the Pound suggests the period of stability seen against the Euro over recent weeks is transitory and some significantly lower levels could be tested.
Foreign exchange analysts at Danske Bank have upgraded clients with their views concerning the outlook facing the Euro.
New research from Danske Bank Markets show that projections for the main Euro exchange rate pairs have been updated. The outlook against Pound Sterling is now more constructive.
Strategists at Societe Generale have confirmed they are expecting further depreciation in the value of the Pound relative to the Euro.
The Euro has gained ground since Emmanuelle Macron's win in the French Presidential elections eased political uncertainty, this trend is likely to continue according to the investment bank.
Analysts explore the potential impacts on Pound Sterling of various outcomes to the Thursday 8 election and give estimates for where EUR/GBP will go.
Markets are too positive EUR and have turned too negative GBP; risk/reward favours short EURGBP argue analysts at Barclays.
“Once this election is over, we expect GBP to succumb to downside political, structural and cyclical drivers”
It would be unwise for those watching foreign exchange markets to believe political risks coming out of the Eurozone have completely faded.
The Euro bull can be ridden all the way up to fresh 2017 highs against Pound Sterling argues a new note covering the EUR/GBP pair by one of the world’s largest investment banks.
Analyst Karen Jones at Commerzbank sees trouble for the Euro ahead.
Analysts at Credit Suisse have bumped up their forecasts for the Euro against the US Dollar.
A mere matter of hours after Pound Sterling Live were able to report that Credit Agricole were looking to profit on an expected rise in EUR/GBP we can now confirm that Deutsche Bank have come to a similar conclusion.
The British Pound enjoyed a fillip on Thursday, May 18 on the back of some unexpectedly strong retail sales data, but we believe it is too soon to expect the recent highs to be tested again.
Traders are turning increasingly positive on the Euro with data showing the majority of speculators are now betting that the EUR/USD exchange rate will now rise.
Strategists at French investment banking giant BNP Paribas say they favour shorting EURGBP ahead of several key data releases in the UK this week.
EUR/GBP is falling before tomorrow’s big event - “Super Thursday” - when the Bank of England (BOE) publish both the minutes from its meeting and its quarterly inflation report.
EUR/USD hit its highest level since November 2016 this week at 1.0990 and looks intent on testing and breaking 1.10.
The US Dollar, one of the worst-performing currencies in the G10 club of the world’s largest currencies, is tipped to make a comeback.
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