The Pound to Euro exchange rate recovery from early August’s lows could extend further up ahead, according to a trader at J.P. Morgan, who's a seller of EUR/GBP and is looking for a push below the nearby 200-day moving average.

The Pound to Euro exchange rate has been tipped as a buy at Barclays with a 1.2048 target because recent losses have created an attractive entry opportunity and some fundamentals favour a continued recovery.

The Pound to Euro exchange rate has stabilised after unraveling much of its second quarter advance in the early days of August and could be likely to trade buyantly within a rough 1.1639 to 1.1711 range this week.

The Pound to Euro exchange rate has stabilised following recent heavy losses and could yet recover further up ahead but it faces downside risks heading into the medium-term, according to RBC Capital Markets strategists.