EUR to GBP

The current rally in the pound is unlikely to last, according to Commerzbank’s technical analyst Karen Jones, who thinks the euro will push higher versus sterling in the near term to a target at 0.8815.

We consult a number of pro’s from the likes of Societe Generale and Hantec Markets as to where the EUR to GBP exchange rate is moving next.

EUR/GBP has been in a strong uptrend since breaking out above the 0.7490 range highs in January.