“If the UK votes to remain in the EU, any further relief rally in sterling could prove short-lived.” - Oliver Jones Assistant Economist at Capital Economics.
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Pound sterling is failing to kick higher against the euro despite some better-than-forecast UK GDP Numbers.
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The breakout of a key area that we have been watching for many weeks has finally occurred.
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The euro and British pound were both winners of the ECB’s press conference held following the announcement of a decision to leave interest rates and policy unchanged.
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The British pound has reached a key point in its ascendency against the euro and the gains that can be realised if it is overcome are sizeable.
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We consult a number of pro’s from the likes of Societe Generale and Hantec Markets as to where the EUR to GBP exchange rate is moving next.
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The question on everyone’s mind at present is just how far the pound sterling can push its luck against the euro.
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