The Euro to Pound exchange rate is rising, mainly because of the Euro’s pro-risk averse properties, but also due to increased Brexit hype pressurizing the Pound.
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Lloyds Bank hold a relatively stable forecast for the GBP/EUR exchange rate through the course of 2017, but the level of uncertainty surrounding the UK currency makes for some heavy volatility.
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There is a heightened probability that Pound Sterling will slip even lower against the Euro in the near-term having broken a key support level.
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2016 had some shocks, whether it be the fact that Britain’s leaving the European Union or who the US voted in as President – the currency market hasn’t had an easy time.
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Pound Sterling Live have looked at the monthly and weekly charts for GBP/EUR to get a better understanding of how the year may play out from a technical perspective.
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The Euro exchange rate complex faces the release of key Eurozone inflation data on Wednesday January 4.
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Early polls suggest an easy win for Francois Fillon in the French Presidential elections but they ignore that all the ingredients are there for a right-wing populist backlash says Nordea Bank’s Hol…
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