Category forex

Pound Under Pressure Against Euro

GBP weakens versus EUR on reduced BoE tightening expectations The British Pound has weakened against the Euro due to reduced Bank of England tightening expectations and political developments. The pound had staged a rally against the EUR from late June into early J

Euro Forecasts Revised Downward

Strategists lower Euro forecasts to 1.15 in three months Foreign exchange strategists have modestly revised downward their Euro forecasts. The EUR/USD pair is expected to trade at 1.15 in three months and 1.16 in six months. Despite the downward revision, t