Markets are too positive EUR and have turned too negative GBP; risk/reward favours short EURGBP argue analysts at Barclays.
“Once this election is over, we expect GBP to succumb to downside political, structural and cyclical drivers”
It would be unwise for those watching foreign exchange markets to believe political risks coming out of the Eurozone have completely faded.
The Euro bull can be ridden all the way up to fresh 2017 highs against Pound Sterling argues a new note covering the EUR/GBP pair by one of the world’s largest investment banks.
Analyst Karen Jones at Commerzbank sees trouble for the Euro ahead.
Analysts at Credit Suisse have bumped up their forecasts for the Euro against the US Dollar.
A mere matter of hours after Pound Sterling Live were able to report that Credit Agricole were looking to profit on an expected rise in EUR/GBP we can now confirm that Deutsche Bank have come to a similar conclusion.
The British Pound enjoyed a fillip on Thursday, May 18 on the back of some unexpectedly strong retail sales data, but we believe it is too soon to expect the recent highs to be tested again.
Traders are turning increasingly positive on the Euro with data showing the majority of speculators are now betting that the EUR/USD exchange rate will now rise.
Strategists at French investment banking giant BNP Paribas say they favour shorting EURGBP ahead of several key data releases in the UK this week.
EUR/GBP is falling before tomorrow’s big event - “Super Thursday” - when the Bank of England (BOE) publish both the minutes from its meeting and its quarterly inflation report.
EUR/USD hit its highest level since November 2016 this week at 1.0990 and looks intent on testing and breaking 1.10.
The US Dollar, one of the worst-performing currencies in the G10 club of the world’s largest currencies, is tipped to make a comeback.
Foreign exchange analysts at one of the world’s largest financial services providers have announced they are now, “turning constructive on the Euro.”
The Pound is seen buying €1.1730 at present - a decent rate when compared to the exchange rate's performance thus far in 2017. But, the outlook bodes for further weakness we are told.
The Euro is set to gain ground versus the Dollar and rise to 1.2000 by the end of 2017, forecasts HSBC’s Chief FX Strategist David Bloom.
Analysts at Nomura have told clients they believe positive fundamentals continue to underpin the Euro exchange rate complex and markets are yet to fully accept the European recovery story.
HSBC have updated clients with their view on potential moves in the Euro on the outcome of this weekend’s first-round of the French presidential election.
Exchange your Pounds for Euros now in anticipation of a Euro recovery is the opinion at one of Europe’s largest financial services providers.
The Euro is forecast to extend losses against the Pound for at least one month say strategists at Standard Chartered.
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