Forex Focus: bad news for the pound

Front of the Bank of England with a London bus driving past

”If the ECB does act, it places Europe on the opposite trajectory to the US and a very different trajectory to the UK. This divergence will be reflected in the euro losing ground possibly with GBP/EUR consolidating above 1.40 in the short term.”

Richard de Meo quoted in The Telegraph

— www.foenixpartners.com —