Pound-to-Euro Selloff Has Limits
- Category: EUR
Pound Sterling is under pressure against the Euro, but the sell-off will fade soon.
Pound Sterling is under pressure against the Euro, but the sell-off will fade soon.
Euro exchange rates extended a run of remarkable gains after the latest decision to cut interest rates by 25 basis points.
Strategists at Bank of America are buyers of the Euro as Germany reaches a "watershed moment" that will prove a "game changer".
Pound Sterling slid by half a per cent on the day Germany and the EU signalled a readiness to start spending.
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