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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The euro exchange rate (EUR) complex is under pressure today on the spectre of negative interest rates in the Eurozone.
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Short-term forecasts will now have to account for a return to form for the British pound following the sharp spike higher witnessed on Wednesday.
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The euro dollar exchange rate is treading higher however we note the near-term outlook remains negative at worst, choppy at best.
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The euro exchange rate complex is today higher with strong gains being witnessed across the board. The outlook for the euro is however decidedly mixed.
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The Bank of England will be the driver of the pound euro exchange rate this week with the near-term outlook dominated by BoE's changes to Forward Guidance.
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The euro has suffered a setback against the pound sterling on Friday having run out of steam after encountering strong resistance.
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