Analysts at Barclays are bearish on the single currency versus British pound. This week euro hit the minimal levels versus sterling since 2008.
In their view, EUR/GBP will weaken to firstly to 0.7960 and then to 0.7700 (October 2008 minimum) and 0.7300 in the medium and long terms.
According to the bank, the pair’s prospects will remain negative as long as it's trading below 0.8075/0.8100.
Chart. Weekly EUR/GBP
FBS Brokerage Company