EUR/USD is in a range within a range: what is keeping the pair inside this holding pattern and what catalysts do analysts think could flush it out?
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The pound looks poised to weaken against the euro – potentially in a rapid volatile decline.
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Following 6 successive weeks of decline our studies confirm that the outlook for sterling / euro rate rests with the fate of the FTSE 100 over coming weeks.
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The GBP to EUR conversion has collapsed by a percent on Thursday the 7th of January.
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The Euro to Dollar exchange rate has broken out of a narrow holding pattern it has been in since after the ECB meeting; have the rains come again for the single currency?
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“We are EUR bears, but expect a choppy path. Our strategy is to sell EUR rallies and take profits when positions are stretched.” – BofA Merrill Lynch
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The UK currency gained ground relative to the euro for the second year in a row (+5.3%), and for the sixth year out of the last seven.
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