Strategists at Credit Suisse have recommended buying the Euro and selling Pound Sterling in the short-term in anticipation of further politically-inspired weakness in the latter.
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After two consecutive weeks of losses for the Pound against the Euro, which has seen the exchange rate fall from highs of 1.1906 to lows of 1.1378, the pair now looks at risk of further downside to…
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GBP/EUR has fallen steadily during the past week, reaching lows of 1.1378 on Friday, before recovering and closing above 1.1400 - our target from the previous week’s analysis.
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Pound Sterling has fallen below another key level as markets absorb the Euro-positive tone communicated by the ECB at their March policy meeting.
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Pound Sterling has been in an unanswered decline against the Euro since January 23 and our studies suggest the down-move is likely to extend a little further yet but at a more gradual pace than wit…
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GBP/EUR has been bleeding lower over recent days and several market technicians are saying this is likely to continue.
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