The Euro-to-Pound is showing promising signs of a revival, according to Hantec's, Market Analyst, Richard Perry, who makes the chart of the pair his 'Chart of the Day'.
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Strategists at Deutsche Bank entered the first week of October looking to bet on rebound in the Pound that could take it back to a target set at 1.17. Thus far, not all has gone to plan.
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Foreign exchange strategists with JP Morgan have entered a short-term sell on the British Pound.
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Another foreign exchange analyst says now is the time to sell the British Pound and buy Euros as the UK currency’s run higher has run out of steam.
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Monday’s data and price action comes in the wake of unrest in Catalonia, Spain, brought about by the Northern province’s attempt to hold a referendum on independence.
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The Euro is underperforming its rivals at the start of a new week and month with investors reminded that political risks in Europe have not gone away.
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Our technical studies have us maintaining a bullish view for Pound Sterling over the coming week but a series of PMI data releases, the Conservative Party conference and brewing political instabili…
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