Analysts at Lloyds Bank have raised the profile for the pound to euro exchange rate.
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The euro is forecast to decline against the British pound in the medium-term.
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Can the British pound continue to advance against the euro?
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The outlook for the GBP has improved substantially after an impressive gain of 3.6% against the euro over the course of the preceding week.
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The pound sterling has hit its best exchange rate against the euro for 2015 following four successive days of gains.
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In a time of Greek stresses many foreign exchange observers will be a little surprised by news that a major institutional analyst has raised its forecasts on the euro.
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The British pound sell-off against the euro took a dramatic step when it broke below the 1.40 level mid-week.
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