Jamie Dutta, Senior Market Analyst at Faraday Research asks whether the Euro has registered a potential 2017 high against Pound Sterling and is now due to decline.
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Pound Sterling’s recent dip against the Euro leaves it looking oversold according to some studies and there is a prospect for a recovery into the end of 2017.
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“In all, EUR will continue to reign supreme in the absence of any evidence that the ECB is worrying about the impact of the FX appreciation on the economic outlook,” - Velentin Marinov, Credit Agri…
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Where next for Pound Sterling now that it has fallen through a key support level against the Euro?
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Analyst Richard Perry digs into the EUR/GBP exchange rate to try and discover where this consolidating market might be headed next.
Read more … →The trigger to Pound Sterling's latest slip is Bank of England policy-maker Ben Broadbent who avoided joining the growing interest rate debate at an appearance in Aberdeen.
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The British Pound is tipped to enter a period of consolidation against the Euro according to a noted technical analysts.
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