Pound expected to peak at 1.44 against Euro

BARCELONA, Spain - May 28, 2015 - PRLog -- In an article published earlier today by Will Peters on poundsterlinglive.com he affirms that while there are better exchange rate levels ahead the euro will ultimately recover.

According to analysts at Lloyds Bank the British pound will rise against the euro, with the peak in the exchange rate set to occur in all likelihood before 2016.

With the political success of the Conservative Party in Britain thoughts of economic uncertainty have been quickly pushed aside. The pound sterling has risen against the euro through the course of May with the low point of 1.34 being rapidly forgotten. It is now looking like it will near the 1.42 region once again with indicators pointing towards further gains.

Peters notes that, “1.44 could well be the high point for the exchange rate as the impact of ECB quantitative easing starts to boost the Eurozone economy.”

Danske Bank predict similar outcomes for the euro vs pound sterling noting that declines lie ahead but an improvement in the euro’s position in a year’s time will see a recovery take place in the shared currency.

A spokesperson from the bank states that “On a six- to 12-month horizon, we expect EUR/GBP to stabilize and to eventually move higher as the Eurozone recovers and as its inflation is begins to improve.

Peter finishes by stating that, “If Lloyds and Danske are to be believed then those with euro purchases in coming months should instruct their providers to execute at 1.44 – this could well be as good as it gets and such an opportunity should not be ignored.”

Therefore, as the exchange rate between the British pound (GBP) and the euro has climbed above the €1.40 mark earlier this week, those needing to buy euros should consider taking advantage of these levels for, although it is still set to peak, these rates may not last as long as anticipated.