"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.
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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…
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"A currency in crisis is not very suited as a world trade currency" - Commerzbank.
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The Euro is staging a relief rally amidst signs that the two leading Italian parties will make another attempt at forming a government.
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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.
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The week ahead for GBP/EUR, including forecasts, analysts views, technical analysis and outlook for the economic calendar.
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Risks to the fabric of the Eurozone may be exaggerated as numerous buffers, checks and balances exist to curtail extremism.
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