Pound Sterling holds onto positive momentum thanks to constructive market sentiment and Friday's contrasting speeches from Andrew Bailey and Jerome Powell. However, we think further outperformance will be more muted in the near term.

The British Pound is higher against the Euro and Dollar ahead of the weekend, aided in part by the Governor of the Bank of England.

Will the Pound continue to rise against the euro and where will it end the year? According to a new analysis, Pound Sterling will continue to rise against the Euro "for the time being".

Currency strategists at JP Morgan have initiated a 'short' EUR/GBP position, citing valuations and expectations that this week's Eurozone PMI figures disappoint.