Pound Sterling was seen outperforming its major rivals in mid-week trade following comments from a key Bank of England member.

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The weakness may not last, however, given most bank analysts see the Pound as more undervalued versus the Euro than it should be. An uncompromising technical assessment of the Pound suggests the period of stability seen against the Euro over recent weeks is transitory and some significantly lower levels could be tested.

With Brexit negotiations underway, the Pound is set to become increasingly prone to political headline risks. New research from Danske Bank Markets show that projections for the main Euro exchange rate pairs have been updated.

The outlook against Pound Sterling is now more constructive. The Pound has steadied against the Euro despite the lack of certainty in British politics, perhaps more due to traders taking profit from their short-bets than due to any genuine buying interest. The news and information contained on this site is by no means investment advice.

We intend to merely bring together and collate the latest views and news pertaining to the currency markets - subsequent decision making is done so independently of this website. All quoted exchange rates are indicative.

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All Content by Pound Sterling Live. Data Currencies GBP Pairs EUR pairs AUD pairs USD pairs CAD pairs NZD pairs ZAR pairs. Pound to Euro Exchange Rate Data, Forecasts and News Top Story: Bullish Haldane Sends British Pound Higher v Dollar, Euro and G10 Pound Sterling was seen outperforming its major rivals in mid-week trade following comments from a key Bank of England member.

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