Volatility will remain a fact of life for foreign currency buyers in 2018 but the more positive direction of Brexit talks could support a continued recovery of the Pound.
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Pound-to-Euro is forecast to rise in the week ahead as it emerges from a long sideways trend and the EU Council meets to decide if "sufficient progress" has been made in Brexit talks.
Read more … →With Brexit talks set to move on, the EUR/GBP rate is poised for a slide and Sterling could go back to basics - propelled by more traditional drivers.
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The world's largest foreign exchange dealer reckon the Pound-to-Euro exchange rate is pointed lower over the course of 2018.
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"If we are wrong, the asymmetry seems in favour of a rather sharp fall in the GBP amidst a potential double risk of "no transition deal" and "a collapsed government," - Credit Suisse
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French lender sees the Pound sinking against the Euro as UK economic growth stalls and the Eurozone continues its steady recovery.
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The British Pound is forecast to rise against the Euro over coming months thanks progress in Brexit talks as well as rising U.K. real yields relative to Eurozone yields.
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