GBP/EUR may be set for more gains after UK Q3 data came out pleasingly strong and a plethora of elections in Europe may highlight the rise of the far right and the disintegration of the EU.
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With a plethora of various elections and the rise of the political right the outlook for Europe is very uncertain and this is rubbing off on the Euro; the Pound meanwhile provides a close repositor…
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The GBP/EUR had been threatening to break lower, however, data showing resilient Business Investment and GDP have helped support the pair.
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Deep declines in the GBP/EUR exchange rate are forecast by analysts at Morgan Stanley, a reminder that the current rally may be a fragile one.
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The accepted wisdom is that Italy’s referendum on the 4th of December is a major political challenge to the integrity of the Eurozone, but do all analysts agree as some appear to be downplaying its…
Read more … →The pound to euro pair is steadily pushing higher towards our targets at 1.1900 and 1.2000, and although it is looking a little overbought, the uptrend remains intact and likely to extend following…
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The Euro exchange rate complex is charging higher on Monday morning, lead by a strong recovery bounce in the now heavily oversold EUR/USD.
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