The Euro is set to rise after temporarily trading lower due to political risk factors, say's Crédit Agricole's Head of G10 FX Strategy, Valentin Marinov.
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“Given a more negative view of Brexit talks, an increased risk premium on the GBP is reasonable" - say S.E.B. justifying decision to reverse forecast upgrade made in September.
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The Pound-to-Euro pair is moving down again after a brief foray higher at the start of the week and the charts point to a preference for further losses on the horizon.
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We have seen a trivial relief rally in the EUR and think that this may just be the start of a two-week window of EUR strength ahead of the big October ECB meeting,” - Viraj Patel at ING Bank N.V.
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The Pound is defying gravity at current levels argues a leading Scanadavian lender who suggests clients should be prepared for weakness over the next three to four months.
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Technical analysts at Lloyds Bank reckon the British Pound’s positive start to the new week against the Euro is likely to be short-lived as the exchange rate is in the middle of a longer-term range…
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The Euro-to-US Dollar could extend its short-term bearish bias if data from the US continues to favour more Dollar strength, whilst the Euro is vulnerable to a monetary policy U-turn by the Europea…
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