The euro has struggled against both the pound sterling and US dollar in recent months – we hear from a number of analysts as to where the shared currency could be heading next.
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A new forecast issued by analysts at Lloyds Bank warns that the British pound could be witnessing its best exchange rate against the euro of 2015 and even 2016.
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“While the longer-term trend lower persists, short-term corrective moves are clearly possible if only to relieve the oversold condition that has quickly accumulated in the market.” - Shaun Osborne …
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“The only price action of note in today's trade was the further collapse of EUR/GBP cross which hit lows not seen since 2008 as it broke below the .7400 level.” - Boris Schlossberg at BK Asset Mana…
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“The probability of a Greek exit is clearly now higher that at any time in 2012.” - Giuseppe Maraffino at Barclays.
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Euro rates are predicted to finally take a breather after a 5-figure dive last week on the massive ECB stimulus package and Greek elections.
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The sterling continues its surge against the euro as we head into the weekend. How much further can this battering go?
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