The EURGBP currency pair saw a notable increase last week, driven by a sell-off in European fixed income markets. Analysts at Danske Bank assert that this surge was spurred by expectations of significant changes in fiscal policy in Germany. Such shifts provide substantial support for the Euro against the Pound. The bank’s experts foresee the EURGBP trading at 0.81 within the next 12 months, making it a focal point for forex traders. Understanding the implications of fiscal policy changes in major economies like Germany is crucial for predicting currency movements. Investors should prepare for potential volatility as markets react to economic shifts.

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