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."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center