The pound sterling just can't seem to crack higher against the euro despite the continued divergence in economic performance witnessed between the Eurozone and the UK.
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The euro exchange rate complex remains under pressure with traders continuing to sell the shared currency in the face of stagnating economic growth.
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Euro to Pound and Dollar Today: Stay short on the EUR/USD say analysts at Barclays who continue to expect them to announce EGB QE by Q1 2015.
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Sweet news today for those who have been sitting on the sidelines awaiting the British pound to deliver higher exchange rates against the euro.
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The British pound (GBP) started the month of October on the front-foot before heavy selling pressure saw its value against the euro drop significantly.
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The euro continues to enjoy some new-found strength against the pound sterling, however one analyst says markets should be ready for the longer-term downtrend to reassert itself.
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An all-round desire to buy the euro complex today has seen the GBP/EUR fall lower.
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