The euro to pound sterling exchange rate has seen three consecutive trading sessions of decline while enduring a more pronounced run lower against the US dollar.
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“The ECB can and will not let itself be pushed by the markets.” – Ewald Nowotny, ECB Governing Council member.
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Contrary to popular perception, the dollar may actually fall against the euro in the wake of the Fed's first rate hike, according to the BofA strategist.
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“EUR/USD near term strength is viewed as corrective. Negative bias entrenched below 1.1217/28” – Commerzbank
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The EUR/USD pair has pulled-back from its post ECB peak; upside potential persists despite the longer-term down-trend, but major resistance just above the current level stands in the…
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On Thursday December 3, the EUR soared as ECB underwhelmed markets despite cutting its deposit rate and extending the QE programme.
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The euro was squeezed sharply higher across the board following the ECB’s half-hearted stimulus package curbing enthusiasm to bet against the single currency.
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