The Euro's recovery against the Pound has suffered a setback, but technical analysts we follow say it is too soon to throw in the towel.
Pound Sterling came under renewed pressure against the Euro ahead of the weekend amidst a global equity market selloff that underpins how important external investor sentiment is. But this week sees the domestic calendar come alive again.
Pound to Euro Rate in Friday Swoon
- Category: EUR
Pound Sterling in late-week swoon against the Euro after global stock markets see aggressive selling.
For those selling euros and buying pounds, Citibank's currency trading desk has some advice, telling its clients to lock in the recent gains in EUR/GBP and "anticipates a gradual move lower."