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9 Apr 2015
EUR/GBP could drop below 0.70 in H2 – BTMU
FXStreet (Edinburgh) - Lee Hardman, Currency Analyst at BTMU, sees the European cross testing sub-0.70 levels in the second half of the current year.
Key Quotes
“We remain wary that the general election result could pose downside risks for the pound in the coming months although remain comfortable that heightened political risk is unlikely to derail the case for a stronger pound driven by the continued outperformance of the UK economy”.
“We continue to expect EUR/GBP to break below the 0.7000-level in the second half of this year, and would view any pound weakness around the election period as likely to prove short-lived”.
Key Quotes
“We remain wary that the general election result could pose downside risks for the pound in the coming months although remain comfortable that heightened political risk is unlikely to derail the case for a stronger pound driven by the continued outperformance of the UK economy”.
“We continue to expect EUR/GBP to break below the 0.7000-level in the second half of this year, and would view any pound weakness around the election period as likely to prove short-lived”.