British Pound strengthens its position

Source: Reuters
Uncertainty across Eurozone persists as Italy and Spain are facing high borrowing costs and there is still risks on Greece. These factors may stimulate the growth of the Pound. Most of the currency strategists forecast that the trading rate can reach 80 GBP pence per EUR, however the highest possible value is considered 75 GBP pence per EUR. Quantitative Easing from the Federal Reserve could lead to capital outflow from the USA. Therefore analysts expect situation similar to 2008 and 2010 when British Pound climbed against US Dollar. 
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