While the pound has pushed higher against the euro we here there is a possibility that the euro exchange rate complex could rally in relief to potential further deal-making.
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A new strategy note from UniCredit Bank has summed up the reason why more and more currency traders are betting on a stronger pound sterling.
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The British pound is the stand-out performer in mid-week trade thanks to two positive events.
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The first major data release of the week has proven to be a positive for the British pound.
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The recent rally in the euro / pound exchange rate has seen UK exporters take advantage on a better exchange rate to hedge exposure to Europe.
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The pound sterling has struggled through June but figures released mid-week could well be the catalyst to provide some much-needed support.
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Fears that a strong British pound could be hampering UK export growth were eased on Tuesday the 9th of June with the release of the latest trade account data for the UK economy.
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