Pound sterling is seen lower in the next three months, although economists at Julius Baer say the downside will be protected by the UK's ongoing interest rate advantage.
Pound sterling looks vulnerable to further losses.
Markets react to unconfirmed reports that Iran's president said the country was ready to end the war, assuming some guarantees were put into place.
GBP/EUR hits a three-week low on Monday at 1.1515.
Horizon Currency Ltd
Albany House
14 Shute End
Wokingham
RG40 1BJ Companies House Registration: 11242368
Horizon Currency doesn't take custody of your funds. We execute your payments through FCA-registered companies, which hold your funds in segregated tier-1 bank accounts. These firms are:
1) Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited is authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).
2) Sciopay Limited, registered in England and Wales (registered no. 12352935). Registered Office: WeWork, WW Moor Place Limited, 1 Fore Street Avenue, London, EC2Y 9DTE. Sciopay Ltd is registered with the Financial Conduct Authority (927951).