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.

Pound Sterling has fallen heavily against all major counterparts over the recent week but traders should buy into the resulting dip against the Euro and safe-haven Swiss Franc, according to Barclays strategists.