During the last quarter the pound has respected the trading range against the Euro forecast in the last report, from 0.775 to 0.815 euros / pounds, with appreciatory balance at the end of the period.
The appearances of the BoE announcing new threats and risks to the economy have acted as reagent quote and we saw sharp depreciations then have reverted to give way again to the appreciation trend background.
In the following months, we will see, especially at the beginning of the year, a quote from forex trading range with a slight trend towards appreciation against the Euro. But as they are published good macroeconomic data will reappear rumors of imminent rate hikes that will cause the pound to rise again in value against the Euro.
We believe that the final balance of 2015 will be clearly appreciatory for the British currency. The estimate for the next three months range from 0.761 to 0.800 euros you look at / pounds, considering that has significant resistance at 0.80.
Links of interest
Strategy Outlook Report 2015-2016
GDP forecast Spain
Spain unemployment forecast
Spain exports forecast
IBEX35 forecast for 2015
Forecast EuroStoxx 50 2015
Forecast S & P 500 2015
Forecast Nikkei-225 2015
Eurodollar forecast 2015 and 2016
Eurolibra forecast 2015 and 2016
Euroyen forecast 2015 and 2016
Eurosuizo forecast 2015 and 2016
Other economic forecasts
Forecast euro zone interest rates