Euro Within a Stone’s Throw of 0.9000 Versus Pound and 1.1700 Against the Dollar

The Euro has generated new target levels in its major pairs after the most recent surge following the ECB rate meeting

Of late we have noted a number of analysts upgrade their forecasts for the Euro with HSBC saying they see EUR/USD striking 1.20 by the end of 2017 and EUR/GBP racing towards parity.

"It's true there have been movements in bond price, asset price, exchange rates and so on," noted Draghi, "but financing conditions remain supportive."

Six reasons why the Euro is set to rise to 1.20 against the US Dollar and 1.0 against the Pound this year.

The Euro is strong, but can it get stronger?

The Pound to Euro exchange rate is forecast to defend a floor towards 1.11 for the duration of 2017 and early 2018 we are told by an analyst at the world’s largest investment bank.

The Euro appears to be strengthening against its major counterparts after the release of ZEW economic sentiment data, despite the gauge showing a modest fall compared to analysts’ expectations and the previous month’s result.

Pound Sterling is expected to suffer a sizeable adjustment lower against both the Dollar and Euro, and not even an interest rate rise at the Bank of England will help the currency.