Germany has the largest Current Account surplus of any country in the world and this is a factor supporting the Euro, which remains remarkably strong.
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Several top analysts remain bearish the pair, however, based on a review of the technical evidence.
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Data has confirmed a surge in shopping trips being made by residents of the Irish Republic into Northern Ireland.
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The Pound to Euro exchange rate looks exposed to sharp downside says one analyst, however others are more sanguine on Sterling’s prospects.
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The British Pound’s evolution against the Euro will depend on whether some key numbers are broken are rejected.
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The pound is making steady progress against the euro which has been devalued by hints of more money-printing from the European Central Bank (ECB).
Read more … →The Euro remains under pressure as the October trend to weaken extends but an inflection point looms.
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