GBP/EUR is still trading at levels consistent with markets believing a deal will be made, but a break towards parity forecast to occur if no deal actually materialises.
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Pound Sterling remains vulnerable to further weakness and GBP/EUR could sell-off down to the 1.10s if Brexit risks materialise. The main calendar release for Sterling is Q2 GDP - for the Euro the E…
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For Sterling, the "balance of risks are for further political turbulence between now and October" say ING but "hawkish" BoE will spur swift recovery once into 2019 say ING.
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GBP/EUR is poised precariously on the lower line of a long-term channel - Thursday's Bank of England meeting raises the risk of volatility with a break below 1.11 lows inviting a sell-off down to t…
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Any strength in GBP/EUR exchange rate seen as "corrective" with any rebounds looking restricted beyond 1.1450 or 1.1600.
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Pound-to-Euro exchange rate back above 1.20 longer-term but any near-term bounce from Bank of England rate rise to be short-lived.
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GBP/EUR sitting at bottom of long-term range with risk of breakdown, a break of 1.1164 lows would confirm more downside. Bank of England meeting main event for Pound; inflation data main release fo…
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