While the pound sterling is forecasted to outperform the euro in 2014 we note that the short-term technical outlook has swung in favour of the shared currency on Tuesday morning.
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Analysts at Barclays have confirmed they expect the pound euro exchange rate (GBP/EUR) to grind higher through the course of 2014.
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The forecast for the euro pound exchange rate remains negatively aligned, however the possibility of a corrective rally higher should not be ruled out.
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Euro rates are today trading firm on Monday morning with technical predictions advocating for positive to mixed trading in coming sessions.
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The euro exchange rate (EUR) complex is tipped to end the week on the front-foot; however the market remains incredibly hard to call.
Read more … →The euro exchange rate outlook remains choppy with a market sell-off proving beneficial to the EUR. However, upside advances are likely to remain capped warn analysts.
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The euro to pound sterling has edged higher a day after we saw the rate undergo a significant collapse. The outlook is said to favour the British pound over its continental cousin.
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