BLBG: Euro May Fall Versus Pound Into Year-End, Bank of America Says
By Lukanyo Mnyanda
Dec. 15 (Bloomberg) -- The euro may drop against the pound as investors take advantage of gains that have pushed the single currency to record highs against its U.K. counterpart, Bank of America Corp. said
“Pound shorts may take profits into year-end, leaving euro-pound vulnerable to a mild pull-back,” David Powell, a currency strategist in London at Bank of America, wrote in a note today. “The yen is also vulnerable to some pull-back related to positioning factors with the speculative net long position having increased” last week.
To contact the reporter on this story: Lukanyo Mnyanda in London at lmnyanda@bloomberg.net
