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From a technical perspective we are now at the key 1.1300 level where substantial resistance is located, and it could present the exchange rate with a 'glass ceiling’ that Sterling will struggle to break above.
November 25,2018
The Pound rallied sharply against the Euro on the release of a Political Declaration on future trade negotiations between the E.U. and U.K., but we are warned GBP/EUR will likely remain vulnerable to further weakness.
November 24,2018
The Pound-to-Euro rate could fall sharply during the weeks ahead as investors realise that Prime Minister Theresa May's Brexit plan is doomed and a new general election is unavoidable, according to Nordea Markets.
November 20,2018
GBP/EUR has now once again broken out of it's long term rising channel - the same channel it only recently clawed back into the week before last; this is a bearish sign for the pair.
November 18,2018
Sterling could suffer significant downside if Theresa May loses an imminent vote of confidence we are told by a foreign exchange strategist.
November 17,2018
The Pound-to-Euro rate plummeted Thursday after the Prime Minister's Brexit Secretary resigned from office, leading markets to fret that the risk of a "no deal Brexit" is rising rapidly.
November 15,2018
Investment bank Morgan Stanley are forecasting a stronger Pound-to-Euro exchange rate over coming weeks saying they expect political uncertainty to start fading.
November 13,2018
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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.
