According to the consensus of investment bank analysts, Pound Sterling is left slightly undervalued following a recent slide.
The Pound to Euro exchange rate has recovered further from early August lows and could now be likely to spend the week ahead eroding technical resistance from the nearby 100-day moving average at 1.1747.
The Pound to Euro exchange rate’s recovery from last week’s lows around 1.15 may have been derailed and it could now be at risk of slipping further, according to strategists at ING, who say the Bank of England is set to weigh on Sterling.
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.