Earlier this week we reported that Morgan Stanley had dropped their moderate view on the Pound to Euro exchange rate’s outlook and had turned decisively more bearish.
The Euro’s impressive rally might be due a pause, but this will not see technical analysts at Credit Suisse deviate from their bullish stance on the single-currency.
The Euro to Dollar exchange rate hit another new high this week having achieved 1.1913 in late North American trade on August 2.
The Euro’s impressive advance against the Euro has the legs to continue, but not before a period of consolidation takes place say analysts at Rabobank.
UniCredit have announced a material upgrade to their forecasts for the Euro against the Dollar while they maintain a bearish view on Pound Sterling.
Kit Juckes at Societe Generale believes the conditions are ripe for the Euro v Dollar exchange rate to rush to 1.20 this summer and make life difficult for the team at the European Central Bank.
Why analysts don’t believe Sterling requires a massive downgrade against the Euro as is the case for EUR/USD because the risk of a Pound-positive surprise remains elevated.
A big upgrade for the Euro to Dollar exchange rate has been announced by Danske Bank who believe a perfect combination of events have transpired over recent weeks that will allow the single-currency to race higher.
The Euro to Pound Sterling exchange rate could continue declining if analyst Robin Wilkin at Lloyds Bank is correct.
“We are more positive on the euro, with upside to the dollar and sterling” - Deutsche Bank’s house view.
Euro Strength: Too Much, Too Soon?
“In all, EUR will continue to reign supreme in the absence of any evidence that the ECB is worrying about the impact of the FX appreciation on the economic outlook,” - Velentin Marinov, Credit Agricole.
Analyst Richard Perry digs into the EUR/GBP exchange rate to try and discover where this consolidating market might be headed next.
Foreign exchange analysts at global financial services provider NAB have announced an update to their forecasts for the Euro to Dollar exchange rate (EUR/USD).
Analysts at DBS believe the Euro’s strong performance in the second-quarter of 2017 is not a trick that will be easily repeated in the third-quarter.
Markets have got it wrong - a Bank of England interest rate rise will not in fact be positive for the Pound.
The Euro is showing that it is going to go higher, regardless of what policy-makers at the European Central Bank do.
Pound Sterling was seen outperforming its major rivals in mid-week trade following comments from a key Bank of England member.
An uncompromising technical assessment of the Pound suggests the period of stability seen against the Euro over recent weeks is transitory and some significantly lower levels could be tested.
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