Pound Sterling Dips, but Barclays Look to Buy it against the Euro
- Written by Gary Howes
"Potential positive GBP seasonality in April may help EURGBP to break 0.85 resistance level" - Barclays.
Read more ...Pound Sterling-Euro Exchange Rate: |
1.1551 (0.03%) ![]() |
Euro-Pound Sterling Exchange Rate: |
0.8695 ![]() |
The British Pound's 2.0% loss against the Euro this April could yet prove to be a pullback in an uptrend that is ultimately set to resume, according to two leading foreign exchange strategists we follow.
Live GBP/EUR Exchange Rate: | 1.1551 |
Daily Change: | 0.0316% |
Opening Rate: | 1.1547 |
Today's Low: | 1.1547 |
Today's High: | 1.1547 |
Low of the Past Year: | 1.0761 (12-09-2020) |
High of the Past Year : | 1.1803 (06-04-2021) |
"Potential positive GBP seasonality in April may help EURGBP to break 0.85 resistance level" - Barclays.
Read more ...
The Pound-to-Euro exchange rate reached new one year highs above 1.18 to open the new week and was close to the middle of a 1.17-to-1.20 trading range that could be set to define price action for Sterling during the weeks ahead.
Read more ...The Pound-to-Euro exchange rate reached a new two-year high last week and may be likely to establish a more durable foothold above 1.17 over the coming days as divergence between the UK and Eurozone economies remains top of mind among investors.
Read more ...The Pound-to-Euro exchange rate reached one-year highs this week, at or above which it's likely to remain in the months ahead, according to new forecasts from Rabobank.
Read more ...The British Pound caught a bid against the Euro, Dollar and most other major currencies ahead of the weekend in a move that defied a softer stock markets and concerns for future supplies of covid-19 vaccines into the UK.
Read more ...The British Pound is up 4.50% against the Euro already this year courtesy of a combination of faded Brexit-linked risks and expectations for a strong vaccine-lead economic rebound over coming months, developments that underpin a strong technical picture that continues to advocate for further gains.
Read more ...A proposed ban or limit on vaccine exports to the UK from the EU has been credited by numerous foreign exchange analyst we follow as being behind a recent decline in the value of the British Pound, however such a move is being overblown says Stephen Gallo, European Head of FX Strategy at BMO Capital Markets.
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