The euro exchange rate complex - under pressure for much of 2014 - has come under a fresh assault from currency traders as Eurozone inflation is seen falling at faster-than-expected rates.
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The British pound to euro exchange rate is likely to continue edging higher over the course of the next 6 months as traders continue to abandon the European currency.
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The euro exchange rate complex (EUR) could be in for yet further declines - we hear from one forecaster who has confirmed to us that the euro dollar remains on their sell list, particularly against…
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The euro exchange rate family (EUR) continues to suffer selling pressure with key technical support levels being broken pointing to the potential for further losses.
Read more … →The euro is caught in a technical downtrend against both the pound and US dollar ahead of the new month within which we will get the next set of data releases which could arrest declines.
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The pound sterling is favoured to advance against the euro in the long-term as analysts suggest a return to focus on economic performance will likely play into the hands of the GBP.
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The euro rate complex is today seeing firmer conditions with gains coming against the pound sterling (GBP), US dollar (USD) and the under-pressure commodity complex.
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