With unease over euro strength hanging in the air on the Governing Council, it is uncertain whether even the strongest of economic numbers would be enough to boost the euro.
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There is much chatter about a reversal in EUR/GBP in the analyst community
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Don’t fight the central banks, say the strategists at Bank of America Merrill Lynch, when they want to do the right thing.
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Eurozone inflation figures have eased pressure on the ECB and could now help the euro to form a base after Wednesday's correction.
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Profit-taking is seen as being behind a mid-week reversal in fortunes for the British Pound against the Euro.
Read more … →After shrugging off the EUR/USD surge the ECB might use next week's press conference to try and talk it down, but the jawbone effect may not last.
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The Pound to Euro is in a strong downtrend, and to state an oftstated investment maxim, "the trend is your friend until the bend at the end."
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