The Bank of England is close to ending its interest rate hiking cycle and this will leave Pound Sterling vulnerable to further losses against the Dollar and Euro, according to one investment bank.
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ECB Governing Council member François Villeroy de Galhau expressed concern that the Euro was too weak and was therefore contributing to inflation.
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The Pound to Euro rate ended last week with a sharp rally from seven month lows but it could be likely to stall around the nearby 1.1827 level this week in which parliamentary testimonies from Bank…
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Euro under pressure as surging gas prices lower the prospects of a European Central Bank interest rate rise.
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The Euro was battered amidst another spike higher in natural gas prices, this time on news Russia was making fresh moves to restrict supplies to Europe.
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The Pound to Euro exchange rate's decline extended on the day the Office for National Statistics announced the UK economy shrank in March.
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ING raise EUR/GBP forecasts, MUFG hold tactical buy on EUR/GBP and Crédit Agricole says EUR to benefit from ECB policy shift.
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