EUR/GBP is rising again and analysts think that it could reach as high as the 0.80s eventually.
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After mounting a brave little rally the pound has once again started to come under pressure, we assess how major bank analysts view the short and medium term outlook for the pair.
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The pound to dollar rate has seen a small rebound after making lows of 1.4080 on Jan 21 and whilst analysts remain cautious some are seeing potential for more upside.
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The charts are showing that the pound may have reached a temporary bottom versus the euro, with the possibility a stronger recovery might be developing for sterling.
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“The UK will need to get beyond “Brexit” fears before GBP can strengthen, but once it does, the rally is set to be sizeable.” - HSBC.
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Friday is looking more constructive for sterling with stock markets ticking higher.
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A central bank which pays people to borrow from it, an economy that is the fastest growing in Europe; non-existent unemployment hand-in-hand with virtually zero inflation - welcome to the topsy-tur…
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