"We may now be entering a period of euro weakness, like what we saw in 2013-2015."
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The British Pound recovered ground against the Euro, Dollar and other major currencies following the sharp drops experienced on Monday, underscoring ongoing yield support for the UK currency.
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The Pound to Euro exchange rate has risen six weeks in succession and sits on the cusp of breaking to its highest levels since 2022.
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The British Pound can find some support as the Bank of England "hammers home" the message it is too soon to cut interest rates.
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Euro exchange rates were lower at the start of the new week amidst an ongoing rise in bets that the European Central Bank (ECB) would cut rates as soon as April.
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In the coming week, the Pound to Euro exchange rate could break to new multi-year highs or flop back below the 1.17 level again.
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Pound Sterling looked set to complete its fifth consecutive weekly advance against the Euro with the European Central Bank's latest interest rate guidance providing fresh tailwinds.
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