ECB policymakers are still concerned about the currency and underlying inflation, but will almost certainly announce a tapering of QE before year-end.
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Pound Sterling approaches a key support level vs. the Euro that must hold if the lion's share of the gains made in September are to hold.
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Regional separatist movements support the EU and Eurozone so are not an immediate breakup threat, but they might still undermine the common currency over the longer term.
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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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