Investment bank Morgan Stanley are forecasting a stronger Pound-to-Euro exchange rate over coming weeks saying they expect political uncertainty to start fading.
November 13,2018
"Theresa May’s Brexit deal crashes" is a headline that could put the Pound on the backfoot against the Euro this week; but the GBP/EUR exchange rate's technical setup remains positive and bodes for further gains.
November 12,2018
Pound Sterling's rally against the Euro takes the GBP/EUR exchange rate to a five-and-a-half month high at 1.1480; levels last experienced in May. We are nervous of the advance extending and are biased to a retracement lower.
November 9,2018
Euro exchange rate complex at risk should the ECB jettison interest rate rises in 2019 in view of slowing economy.
November 7,2018
The Pound has risen back inside a longer-term range vs. the Euro and our technical studies hint at further advances but we remain accutely aware that the Brexit mood music might shift and undermine our forecast.
November 5,2018
The British Pound has shot higher back towards the top of a range and we believe the strong run could well fade into the weekend opening up the prospect of sideways orientated consolidation near-term.
November 2,2018
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