It is a mixed bag for the Eurozone economy this March, as the region's services sector continues to recover, but manufacturing remains frozen in contraction territory.
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According to a new analysis from one of the UK's biggest banks, the prospect of a material move higher in the Pound to Euro exchange rate is looking increasingly remote.
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GBP/EUR is consolidating near the top of its range and another retest of the 1.1750 area is possible if this week's data surprises to the upside and the Bank of England repeats that it's too soon t…
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Pound Sterling can go higher against the Euro, supported by fundamentals that include attractive valuations, an interest rate buffer, and upside risks from the upcoming general election.
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Euro exchange rates were back under pressure after a prominent European Central Bank gave a clear signal that a series of interest rate cuts would commence from mid-year.
Read more … →Pound Sterling's rise against the Euro can extend into the coming months and reach a peak comfortably above €1.20, supported by a strong carry advantage and a waning Brexit premium.
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The Euro is going higher against Pound Sterling say strategists at HSBC.
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