The British pound (GBP) has moved higher against the shared currency as we head into the weekend despite the release of a below-par economic data release.
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The UK's pound sterling has endured a solid run higher through 2014 with late September seeing GBP/EUR hit its stride after a mid-year soft patch.
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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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