Based on a new research report from Commerzbank, this is what you need to know if you plan to buy euros with pound sterling in the next few months.

Our Pound to Euro Week Ahead Forecast looks for 1.19 to act as gravity but for weakness to be limited below here.

Pound Sterling is under widespread selling pressure on Thursday and is registering a half-per cent fall against the Euro.

The Euro could come under fresh pressure against Pound Sterling as an unstable French government prepares to pass what will be a very unpopular budget.