Pound sterling has seen its recovery against the euro stall, and strategists at a number of investment banks look for a resumption lower.
Pound sterling bounced against the euro, but soon found its limits as the realities of the explosive Middle East stage gave reason for caution.
Pound-Euro to Stay Supported Above 1.1430
- Category: EUR
Pound sterling is likely to remain supported against the euro in the coming days with the floor at 1.1430 likely to offer some protection.
Pound sterling is seen lower in the next three months, although economists at Julius Baer say the downside will be protected by the UK's ongoing interest rate advantage.