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Foreign exchange strategists at Wall Street's Goldman Sachs say they are confident Pound Sterling will rise against the Euro over the next three months.
January 11,2019
Technical studies of the GBP/EUR exchange rate have improved notably over recent days leading us to be bullish short-term on a technical basis, however we are aware that intense political anxiety will beset Sterling this week as UK lawmakers return to work ahead of the key Brexit vote scheduled for next week.
January 7,2019
The British Pound saw strong buying interest against the Euro after it dipped below the key 1.10 level on global currency markets confirming it is unlikely to fall below this point in the near-future.
January 4,2019
“I am bullish USD for the current bear market period which is likely to last about 3 years or so” - Enda Glynn.
January 3,2019
The overall outlook for GBP/EUR is for it to continue sideways with a very marginal bullish bias. It is now trading at the bottom of a range between roughly 1.10 (August lows) and 1.16 and there is a chance, therefore, that it could bounce back up towards the range highs.
December 31,2018
Markets are accused of being too pessimistic on Sterling by analysts at SEB who say they believe the British Pound presents itself as a strategic buy against the Euro.
December 27,2018
* GBP/EUR to respect established range during Xmas suggest Danske * This suggests upside from current floor in the near-term * More sizeable recovery possible in first quarter 2019.
December 24,2018
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
