GBP has the most room to strengthen against EUR - Nomura

By FXstreet.com | August 06, 2014 AAA

FXStreet (Bali) - According to Nomura, EUR/GBP still has potential to trade lower this year.



Key Quotes



"We believe GBP still has the most room to strengthen against EUR this year. The UK economy is less dependent on euro area demand than other European countries. Meanwhile, UK domestic demand is showing stronger momentum. We revise our end-2014 EUR/GBP forecast lower to 0.77 from 0.78."



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