"There is no significant new news in the UK but Sterling bears are still being run over by a rogue steamroller."
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Credit Suisse have taken a conviction line on their forecast for the Pound to fall against the Euro by announcing a trade recommendation that seeks to take advantage of the decline.
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One of the UK’s best-known high-street lenders has reaffirmed their view that Sterling is unlikely to advance further than current levels against the Euro.
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The outlook for the Euro against two of its major counterparts is looking ever more positive, says Helaba economic advisory service’s Ralf Umlauf.
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EUR/GBP is tipped to head sideways in the short-term, however a technical analyst at one of the UK’s best-known financial brands believes the Euro should win out longer-term.
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The Pound is seen buying €1.1730 at present - a decent rate when compared to the exchange rate's performance thus far in 2017. But, the outlook bodes for further weakness we are told.
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The shift in focus for the Euro exchange rate complex would be away from politics to the European Central Bank and markets are liking recent press reports that suggests a change in tone on future p…
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