Danske Bank: UK Vulnerability to Dominate, 12-Month GBP/EUR Forecast 1.1240

  • The Pound to Euro (GBP/EUR) exchange rate has failed to sustain the recovery from 1.15 support and is currently again under pressure and equalling 3-month lows just below 1.15. Danske Bank is bearish on the Pound outlook due to domestic fundamental vulnerability and global stresses.