Market analysts at Commerzbank see the EUR/USD pair falling after the first Fed rate hike - now with some economists forecasting another hike as early as Q1, the pair could be set for even …
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In the first major release of a busy week, U.K inflation shows no change in November, lightly beating expectations, but Sterling remains still as PPI dissapoints.
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The GBP/EUR pair is showing signs it could changing its primary trend, anbd beginning a bearish cycle.
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At the beginning of this week, the EUR showed some retreat from its ECB highs following German industrial production reading that was lower than expected, but it had risen since.
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The euro’s recent period of strength against the pound sterling cannot last indefinitely it is argued.
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Downside pressure on the euro could be making a return following the relief seen towards the close of the previous week.
Read more … →Any strength in the British pound should be sold says one prominent currency strategist we follow.
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