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.
The Pound to Euro exchange rate has unraveled all of its second quarter gains but Goldman Sachs says the trend is still higher and that Bank of England interest rate policy can only weigh on the pair for so long.
The Pound to Euro exchange rate has fallen heavily in recent trade but the author’s model suggests it’s now bottoming out in what is likely to be a narrow 1.1650 to 1.1731 range over the coming days.