The Pound to Euro exchange rate's decline extended on the day the Office for National Statistics announced the UK economy shrank in March.
May 12,2022
ING raise EUR/GBP forecasts, MUFG hold tactical buy on EUR/GBP and Crédit Agricole says EUR to benefit from ECB policy shift.
May 11,2022
Investment bank Goldmans Sachs have raised their target on a trade betting the Euro will rise further in value against the British Pound.
May 10,2022
The Pound to Euro exchange rate has been hobbled alongside most other Sterling pairs but enters the new week couched in a pocket of important technical support levels on the charts and at a depth that creates opportunity for shortsighted dip buyers ahead of Thursday’s first-quarter GDP report.
May 9,2022
Pound Sterling took a pummeling this week but its rollercoaster ride is a long way from over and this means the British currency is still best off being sold in the event of any rallies, according to one trader at Credit Suisse.
May 6,2022
The Pound to Euro rate slumped and was left testing a notable level of technical support on charts after the Bank of England (BoE) appeared to stoke doubt in the market about widely held assumptions relating to its interest rate.
May 9,2022
"Hike expectations on the markets might get corrected slightly to the downside, which would put pressure on Sterling" - Commerzbank.
May 5,2022
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