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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The Euro is set to gain ground versus the Dollar and rise to 1.2000 by the end of 2017, forecasts HSBC’s Chief FX Strategist David Bloom.
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The Pound to Euro exchange rate collapsed on Monday morning, falling from Friday’s close of 1.1944 Euros to the Pound to open at 1.1796, due to the outcome of the French presidential election.
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