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.
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.