29 Jan 2015
EUR/GBP looks to 0.70 year-end – TDS
FXStreet (Edinburgh) - Analysts at TD Securities see better prospects for the sterling throughout the current year, prompting EUR/GBP to test the 0.70 area towards year-end.
Key Quotes
“2015 should be another year of strong growth, with a boost from lower energy prices”.
“We expect the GBP to out-perform the EUR as BoE policy tightening will still occur well ahead of the ECB”.
“We expect EURGBP to fall through 0.70 by year-end, though this move may be more backloaded into the second half of the year once electoral risks have passed, Eurozone growth and inflation prospects look better, and UK inflation is finally moving higher”.
Key Quotes
“2015 should be another year of strong growth, with a boost from lower energy prices”.
“We expect the GBP to out-perform the EUR as BoE policy tightening will still occur well ahead of the ECB”.
“We expect EURGBP to fall through 0.70 by year-end, though this move may be more backloaded into the second half of the year once electoral risks have passed, Eurozone growth and inflation prospects look better, and UK inflation is finally moving higher”.