The Pound is likely to weaken against the European single currency in June, according to strategists at TD Securities, who have told clients that domestic politics and the latest Brexit deadline have soured and there is a tactical opportunity in selling Pound Sterling against the Euro.
June 7,2018
"Even though Brexit-related uncertainty is GBP negative, upside potential for EUR/GBP may be limited if investors anticipate a defiant tone from Italy’s populist government" - Rabobank.
June 6,2018
Our latest technical forecast and fundamental outlook analysis for GBP/EUR suggests a slight downside bias but a slew of economic data releases - with the services PMI being the highlight - will be closely watched by markets in the week ahead.
June 4,2018
"A currency in crisis is not very suited as a world trade currency" - Commerzbank.
May 31,2018
The Euro is staging a relief rally amidst signs that the two leading Italian parties will make another attempt at forming a government.
May 31,2018
Financial markets are reflecting signs of stress pertaining to Italian political uncertainty; a development that has allowed the British Pound to notch up some gains on the the single currency.
May 29,2018
The week ahead for GBP/EUR, including forecasts, analysts views, technical analysis and outlook for the economic calendar.
May 29,2018
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