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GBPEUR has really struggled to keep up the excellent movements from last week and lows of 1.3785 have been tested today. Just what can we expect moving forward for this pairing and the pound in general? I expect sterling will come under further selling pressures very soon with the General Election and also the prospect of the Bank of England seeking to weaken sterling.
Remember a strong pound is not good for exporters, we want to see a weak pound encouraging UK goods and services to be sold overseas! To getthe latest news please contact us no [email protected]