Pound Sterling is in an uptrend against the Euro, but the near-term is likely to see more chop and churn.
The Pound to Euro exchange rate slid back below the 1.20 level after data showed the UK economy cooled in October as anxiety mounts ahead of next week's budget.
Targets for Pound to Euro Exchange Rate
- Category: EUR
Pound Sterling retains an upward bias favouring patience for those looking to buy euros, say technical analysts at leading investment banks.
Pound Sterling is in an uptrend against the Euro that looks set to extend in the coming five days; however, beware of volatility around Bank of England speeches and Thursday's PMI release.