The Pound-to-Euro exchange rate is expected to recover during the second half of 2017 and into 2018 say experts at an independent economic analysis and forecasting institute.
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Markets had expected a concerted effort to jawbone the Euro lower although, judging by subsequent price action, Draghi's remarks would appear to have fallen short on this note.
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The Euro to Pound is looking increasingly bearish in the hours running up to the announcement of the European Central Bank (ECB) policy meeting decision.
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The European Central Bank delivers key guidance on the future direction of their monetary policy at 12:45 B.S.T. followed by a press conference 45 minutes later.
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The Euro appears to have topped out against the British Pound and pulled back to lower levels.
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Mounting expectations that the ECB will be ineffective in its effort to prevent further gains for the euro cast economic numbers into the shade Wednesday.
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More pain could be in the pipeline for Euro buyers over the coming months, if strategists at J.P. Morgan are correct, as any European Central Bank protest against the recent strengthening in the Eu…
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