The British Pound enjoyed a fillip on Thursday, May 18 on the back of some unexpectedly strong retail sales data, but we believe it is too soon to expect the recent highs to be tested again.
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GBP/EUR was falling to the floor of a box-like range it has been oscillating within for months between 1.15 and 1.20, however, today's retail sales results have led to a substantial recovery in the…
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Traders are turning increasingly positive on the Euro with data showing the majority of speculators are now betting that the EUR/USD exchange rate will now rise.
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EUR/USD has surged on a combination of disappointing US economic data (USD negative) and reports the ECB might decide to wind up their QE program sooner than previously thought (EUR positive), wher…
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A leading European financial services institution has just told clients it is upgrading its forecast profile on Pound Sterling.
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"The higher EUR seems to be a cause of an anticipation of a shift in the ECB monetary stance," says Petr Krpata at ING in London.
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Strategists at French investment banking giant BNP Paribas say they favour shorting EURGBP ahead of several key data releases in the UK this week.
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