Italy's largest bank has confirmed the Euro is likely to keep rising against both the Dollar and British Pound over coming months as they maintain their unequivocally pro-Eurozone stance.
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Pound Sterling and Euro to consolidate but technicals hint a big break higher is due, dependent on progress on Brexit headlines over coming days which are currently dominated by issues of the Irish…
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The Euro is firmer against both the Dollar and Pound Sterling on news reports that Germany's political limbo might soon come to an end.
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Europe's single currency is seen on the back foot in the short-term although strategists are still upbeat about the medium to long-term outlook.
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The Pound-to-Euro exchange rate is likely to remain under pressure ahead of the UK’s exit from the European Union say analysts at UniCredit bank in their latest foreign exchange forecast update.
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Pound-to-Euro buyers could benefit from a reversal of roles between the two currencies now the spectre of a second German election is hanging in the air.
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UK economic growth is slowing at a time when the recovery on the continent is gaining momentum. This could push the Pound-to-Euro to new lows in 2018.
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